Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v3.19.1
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating revenues:    
Total operating revenues $ 153,047 $ 127,440
Operating expenses:    
Lease operating expenses 24,067 13,039
Production taxes 10,813 8,463
Depreciation, depletion and amortization 59,767 35,417
General and administrative 11,753 8,769
Settled share-based awards 3,024 0
Accretion expense 241 218
Acquisition expense 157 548
Total operating expenses 109,822 66,454
Income from operations 43,225 60,986
Other (income) expenses:    
Interest expense, net of capitalized amounts 738 460
Loss on derivative contracts 67,260 4,481
Other income (81) (211)
Total other (income) expense 67,917 4,730
Income (loss) before income taxes (24,692) 56,256
Income tax (benefit) expense (5,149) 495
Net income (loss) (19,543) 55,761
Preferred stock dividends (1,824) (1,824)
Income (loss) available to common stockholders $ (21,367) $ 53,937
Income per common share:    
Basic (in dollars per share) $ (0.09) $ 0.27
Diluted (in dollars per share) $ (0.09) $ 0.27
Weighted average common shares outstanding:    
Basic (in shares) 227,784 201,921
Diluted (in shares) 227,784 202,588
Oil sales    
Operating revenues:    
Total operating revenues $ 141,098 $ 115,286
Natural gas sales    
Operating revenues:    
Total operating revenues $ 11,949 $ 12,154