Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Total revenue $ 31,987 $ 61,350 $ 82,922 $ 208,290
Operating costs and expenses:        
Operating expenses 20,848 5,943 38,293 10,108
Development expenses 11,530 17,687 23,587 35,352
Depreciation, depletion and amortization 25,210 5,854 47,397 9,875
General and administrative expenses 31,290 23,514 63,540 55,839
Total operating costs and expenses 88,878 52,998 172,817 242,837
(Loss) income from operations (56,891) 8,352 (89,895) (34,547)
Interest expense, net (4,182) (4,566) (8,192) (6,846)
Loss on extinguishment of debt, net 0 0 (2,822) 0
Other income (expense), net 1,454 (3,821) 13,797 (25,249)
Loss before income taxes (59,619) (35) (87,112) (66,642)
Income tax 0 0 0 0
Net loss $ (59,619) $ (35) $ (87,112) $ (66,642)
Net loss per common share:        
Basic (in dollars per share) [1] $ (0.11) $ (0.00) $ (0.16) $ (0.13)
Diluted (in dollars per share) [1] $ (0.11) $ (0.00) $ (0.16) $ (0.13)
Weighted-average shares outstanding:        
Basic (in shares) 540,365 534,521 539,039 515,338
Diluted (in shares) 540,365 534,521 539,039 515,338
Natural gas sales        
Revenues:        
Total revenue $ 31,987 $ 61,350 $ 82,922 $ 87,339
LNG sales        
Revenues:        
Total revenue 0 0 0 120,951
Operating costs and expenses:        
LNG cost of sales $ 0 $ 0 $ 0 $ 131,663
[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.