Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.22.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Total revenue $ 391,926 $ 71,275 $ 37,434
Operating costs and expenses:      
Operating expenses 37,886 11,693 10,230
Development expenses 68,782 50,186 27,492
Depreciation, depletion and amortization 44,357 11,481 17,228
General and administrative expenses 126,386 85,903 47,349
Impairment charges 0 0 81,065
Severance and reorganization charges 0 0 6,359
Related party charges (Note 8) 625 0 7,357
Total operating costs and expenses 409,699 184,008 204,073
Loss from operations (17,773) (112,733) (166,639)
Interest expense, net (13,860) (9,378) (43,445)
Gain on extinguishment of debt, net 0 1,422 0
Other (expense) income, net (18,177) 5,951 (612)
Loss before income taxes (49,810) (114,738) (210,696)
Income tax benefit (provision) 0 0 0
Net loss $ (49,810) $ (114,738) $ (210,696)
Net loss per common share:      
Basic (in dollars per share) $ (0.09) $ (0.28) $ (0.79)
Diluted (in dollars per share) $ (0.09) $ (0.28) $ (0.79)
Weighted average shares outstanding:      
Basic (in shares) 526,946 407,615 267,615
Diluted (in shares) 526,946 407,615 267,615
Natural gas sales      
Revenues:      
Total revenue $ 270,975 $ 51,499 $ 30,441
LNG sales      
Revenues:      
Total revenue 120,951 19,776 6,993
Operating costs and expenses:      
LNG Cost of sales $ 131,663 $ 24,745 $ 6,993