Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
Natural gas sales $ 8,706 $ 8,217
Operating costs and expenses:    
Cost of sales 2,406 2,879
Development expenses 8,141 11,183
Depreciation, depletion and amortization 2,652 5,832
General and administrative expenses 15,111 17,239
Severance and reorganization charges 0 5,505
Total operating costs and expenses 28,310 42,638
Loss from operations (19,604) (34,421)
Interest expense, net (5,892) (6,396)
Gain on extinguishment of debt, net 1,574 0
Other (expense) income, net (3,063) 83
Loss before income taxes (26,985) (40,734)
Income tax 0 0
Net loss $ (26,985) $ (40,734)
Net loss per common share:    
Basic (in dollars per share) [1] $ (0.08) $ (0.18)
Diluted (in dollars per share) [1] $ (0.08) $ (0.18)
Weighted-average shares outstanding:    
Basic (in shares) 356,676 221,133
Diluted (in shares) 356,676 221,133
[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.