Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Total revenue $ 43,250 $ 81,103 $ 126,172 $ 289,393
Operating costs and expenses:        
Operating expenses 21,754 8,428 60,047 18,536
Development expenses 10,042 12,891 33,629 48,244
Depreciation, depletion and amortization 23,661 12,860 71,058 22,735
General and administrative expenses 22,176 41,495 85,716 97,334
Total operating costs and expenses 77,633 75,674 250,450 318,512
(Loss) income from operations (34,383) 5,429 (124,278) (29,119)
Interest expense, net (3,992) (6,944) (12,184) (13,790)
Loss on extinguishment of debt, net (29,473) 0 (32,295) 0
Other income (expense), net 2,431 (12,718) 16,228 (37,966)
Loss before income taxes (65,417) (14,233) (152,529) (80,875)
Income tax 0 0 0 0
Net loss $ (65,417) $ (14,233) $ (152,529) $ (80,875)
Net loss per common share:        
Basic (in dollars per share) [1] $ (0.12) $ (0.03) $ (0.28) $ (0.15)
Diluted (in dollars per share) [1] $ (0.12) $ (0.03) $ (0.28) $ (0.15)
Weighted-average shares outstanding:        
Basic (in shares) 559,952 538,549 546,087 523,189
Diluted (in shares) 559,952 538,549 546,087 523,189
Natural gas sales        
Revenues:        
Total revenue $ 43,250 $ 81,103 $ 126,172 $ 168,442
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.