v3.22.2.2
CONDENSED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Oil and Gas Sales Oil and Gas Sales Oil and Gas Sales Oil and Gas Sales
Oil and Gas Sales $ 534,050 $ 259,670 $ 1,540,151 $ 642,719
Gain (Loss) on Commodity Derivatives, Net 257,590 (128,163) (339,995) (465,010)
Total Revenues 791,640 131,507 1,200,156 177,709
Operating Expenses        
Production Expenses 68,478 43,236 187,659 120,246
Production Taxes 42,273 19,932 120,729 51,899
General and Administrative Expense 10,278 5,490 32,155 19,878
Depletion, Depreciation, Amortization and Accretion 65,975 35,885 173,956 98,013
Total Operating Expenses 187,004 104,543 514,499 290,036
Income (Loss) From Operations 604,637 26,964 685,658 (112,327)
Other Income (Expense)        
Interest Expense, Net of Capitalization (20,135) (14,586) (56,523) (43,120)
Gain (Loss) on Unsettled Interest Rate Derivatives, Net (42) 92 1,772 454
Gain (Loss) on Extinguishment of Debt, Net 339 0 574 (13,087)
Contingent Consideration Gain (Loss) 0 82 0 (292)
Other Income (Expense) (1) 2 (184) 5
Total Other Income (Expense) (19,839) (14,410) (54,361) (56,040)
Income (Loss) Before Income Taxes 584,798 12,554 631,296 (168,367)
Income Tax Provision (Benefit) 1,333 0 3,128 0
Net Income (Loss) 583,465 12,554 628,169 (168,367)
Cumulative Preferred Stock Dividend (2,610) (3,605) (8,437) (11,154)
Premium on Repurchase of Preferred Stock 0 0 (25,320) 0
Net Income (Loss) Attributable to Common Stockholders $ 580,855 $ 8,949 $ 594,412 $ (179,521)
Net Income (Loss) Per Common Share - Basic (in dollars per share) $ 7.39 $ 0.14 $ 7.66 $ (2.97)
Net Income (Loss) Per Common Share - Diluted (in dollars per share) $ 6.77 $ 0.13 $ 6.92 $ (2.97)
Weighted Average Common Shares Outstanding – Basic (in shares) 78,589,661 65,856,479 77,632,410 60,404,584
Weighted Average Common Shares Outstanding - Diluted (in shares) 86,141,293 66,629,566 87,056,158 60,404,584

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