Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.19.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Total revenue $ 5,333 $ 813 $ 10,293 $ 7,614
Operating costs and expenses        
Cost of sales 1,240 217 2,353 4,660
Development expenses 18,678 12,895 30,553 21,867
Depreciation, depletion and amortization 4,048 342 6,579 719
General and administrative expenses 23,403 22,208 45,456 40,609
Impairment charge and loss on transfer of assets 0 1,809 0 1,809
Total operating costs and expenses 47,369 37,471 84,941 69,664
Loss from operations (42,036) (36,658) (74,648) (62,050)
Interest income (expense), net (3,399) 552 (3,986) 940
Other income, net 4,942 70 4,015 72
Loss before income taxes (40,493) (36,036) (74,619) (61,038)
Income tax benefit 0 182 0 0
Net loss $ (40,493) $ (35,854) $ (74,619) $ (61,038)
Net loss per common share        
Basic and diluted (in dollars per share) [1] $ (0.19) $ (0.17) $ (0.34) $ (0.30)
Weighted-average shares outstanding:        
Basic and diluted (in shares) 218,742 206,531 218,293 205,656
Natural gas revenue        
Total revenue $ 5,333 $ 813 $ 10,293 $ 1,752
LNG sales        
Total revenue 0 0 0 2,689
Other LNG revenue        
Total revenue $ 0 $ 0 $ 0 $ 3,173
[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.