Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.24.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Total revenue $ 166,128 $ 391,926 $ 71,275
Operating costs and expenses:      
Operating expenses 78,186 37,886 11,693
Development expenses 35,616 68,782 50,186
Depreciation, depletion and amortization 98,426 44,357 11,481
General and administrative expenses 101,902 126,386 85,903
Related party charges (Note 6) 660 625 0
Total operating costs and expenses 314,790 409,699 184,008
Loss from operations (148,662) (17,773) (112,733)
Interest expense, net (18,047) (13,860) (9,378)
(Loss) gain on extinguishment of debt, net (32,295) 0 1,422
Other income (expense), net 32,827 (18,177) 5,951
Loss before income taxes (166,177) (49,810) (114,738)
Income tax benefit (provision) 0 0 0
Net loss $ (166,177) $ (49,810) $ (114,738)
Net loss per common share:      
Basic (in dollars per share) $ (0.29) $ (0.09) $ (0.28)
Diluted (in dollars per share) $ (0.29) $ (0.09) $ (0.28)
Weighted average shares outstanding:      
Basic (in shares) 565,678 526,946 407,615
Diluted (in shares) 565,678 526,946 407,615
Natural gas sales      
Revenues:      
Total revenue $ 166,128 $ 270,975 $ 51,499
LNG sales      
Revenues:      
Total revenue 0 120,951 19,776
Operating costs and expenses:      
LNG cost of sales $ 0 $ 131,663 $ 24,745