Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.10.0.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Total revenue $ 813 $ 0 $ 7,614 $ 0
Operating costs and expenses        
Cost of sales 217 0 4,660 0
Development expenses 12,895 14,608 21,867 36,190
DD&A 342 79 719 139
General and administrative expenses 22,208 18,212 40,609 62,699
Impairment charge and loss on transfer of assets 1,809 0 1,809 0
Goodwill impairment 0 0 0 77,592
Total operating costs and expenses 37,471 32,899 69,664 176,620
Loss from operations (36,658) (32,899) (62,050) (176,620)
Gain on Series A preferred stock exchange feature 0 0 0 2,209
Other income, net 622 376 1,012 539
Loss before income taxes (36,036) (32,523) (61,038) (173,872)
Income tax benefit 182 0 0 0
Net loss $ (35,854) $ (32,523) $ (61,038) $ (173,872)
Net loss per common share(1)        
Basic and diluted (in dollars per share) [1] $ (0.17) $ (0.17) $ (0.30) $ (1.18)
Weighted-average shares outstanding        
Basic and diluted (in shares) 206,531 186,102 205,656 146,756
Natural gas sales        
Total revenue $ 813 $ 0 $ 1,752 $ 0
LNG sales        
Total revenue 0 0 2,689 0
Other LNG revenue        
Total revenue $ 0 $ 0 $ 3,173 $ 0
[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.