Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Total revenues $ 61,350 $ 25,354 $ 208,290 $ 34,060
Operating costs and expenses:        
Operating expenses 5,943 2,520 10,108 4,926
Development expenses 17,687 9,363 35,352 17,504
Depreciation, depletion and amortization 5,854 2,333 9,875 4,985
General and administrative expenses 23,514 17,426 55,839 32,537
Total operating costs and expenses 52,998 54,489 242,837 82,799
Income (loss) from operations 8,352 (29,135) (34,547) (48,739)
Interest expense, net (4,566) (829) (6,846) (6,721)
(Loss) gain on extinguishment of debt, net 0 (152) 0 1,422
Other expense, net (3,821) (482) (25,249) (3,545)
Loss before income taxes (35) (30,598) (66,642) (57,583)
Income tax 0 0 0 0
Net loss $ (35) $ (30,598) $ (66,642) $ (57,583)
Net loss per common share:        
Basic (in dollars per share) [1] $ (0.00) $ (0.08) $ (0.13) $ (0.16)
Diluted (in dollars per share) [1] $ (0.00) $ (0.08) $ (0.13) $ (0.16)
Weighted-average shares outstanding:        
Basic (in shares) 534,521 386,045 515,338 371,442
Diluted (in shares) 534,521 386,045 515,338 371,442
Natural gas sales        
Revenues:        
Total revenues $ 61,350 $ 5,578 $ 87,339 $ 14,284
LNG sales        
Revenues:        
Total revenues 0 19,776 120,951 19,776
Operating costs and expenses:        
LNG cost of sales $ 0 $ 22,847 $ 131,663 $ 22,847
[1] (1) The numerator for both basic and diluted loss per share is net loss. The denominator for both basic and diluted loss per share is the weighted-average shares outstanding during the period.