Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Operating revenues:        
Total operating revenues $ 167,052 $ 137,075 $ 320,099 $ 264,515
Operating expenses:        
Lease operating expenses 22,776 13,141 46,843 26,179
Production taxes 11,131 7,539 21,944 16,002
Depreciation, depletion and amortization 62,921 38,733 122,688 74,151
General and administrative 10,564 8,289 22,317 17,057
Settled share-based awards 0 0 3,024 0
Accretion expense 216 206 457 424
Other operating expense 935 1,767 1,092 2,315
Total operating expenses 108,543 69,675 218,365 136,128
Income from operations 58,509 67,400 101,734 128,387
Other (income) expenses:        
Interest expense, net of capitalized amounts 741 594 1,479 1,053
(Gain) loss on derivative contracts (14,036) 16,554 53,224 21,036
Other income (67) (703) (148) (914)
Total other (income) expense (13,362) 16,445 54,555 21,175
Income (loss) before income taxes 71,871 50,955 47,179 107,212
Income tax (benefit) expense 16,691 481 11,542 976
Net income (loss) 55,180 50,474 35,637 106,236
Preferred stock dividends (1,823) (1,824) (3,647) (3,647)
Income (loss) available to common stockholders $ 53,357 $ 48,650 $ 31,990 $ 102,589
Income (loss) per common share:        
Basic (in dollars per share) $ 0.23 $ 0.23 $ 0.14 $ 0.50
Diluted (in dollars per share) $ 0.23 $ 0.23 $ 0.14 $ 0.50
Weighted average common shares outstanding:        
Basic (in shares) 228,051 210,698 227,917 206,309
Diluted (in shares) 228,411 211,465 228,599 207,027
Oil sales        
Operating revenues:        
Total operating revenues $ 160,728 $ 122,613 $ 301,826 $ 237,898
Natural gas sales        
Operating revenues:        
Total operating revenues $ 6,324 $ 14,462 $ 18,273 $ 26,617