Income Statement

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands			3 Months Ended										6 Months Ended			9 Months Ended	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2014	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2017	Dec. 31, 2016	Dec. 31, 2015	Sep. 30, 2017	Dec. 31, 2017	Dec. 31, 2016	Jun. 30, 2016	Jun. 30, 2015
Revenues
Oil sales				$ 113,697	$ 118,484	$ 133,793							$ 252,277			$ 365,974	$ 481,922
Natural gas liquids sales				2,209	2,370	2,227							4,597			6,806	8,542
Natural gas sales				12,261	13,753	18,368							32,121			44,382	53,805
(Loss) Gain on derivative financial instruments				(12,466)	9,412	3,698							13,110			644	(32,625)
Total Revenues				115,701	144,019	158,086							302,105			417,806	511,644
Costs and Expenses
Lease operating				77,822	83,655	77,267							160,922			238,744	319,671
Production taxes				471	482	239							721			1,192	1,355
Gathering and transportation				(2,441)	2,678	11,222							13,900			11,459	21,666
Pipeline facility fee				10,495	10,494	10,494							20,988			31,483	41,977
Depreciation, depletion and amortization				36,131	38,685	41,896							80,581			116,712	150,151
Accretion of asset retirement obligations				9,753	9,984	13,081							23,065			32,818	42,780
Impairment of oil and natural gas properties	$ 406,275		$ 145,100			40,774							40,774			40,774	185,860	$ 406,300
General and administrative expense				15,026	20,716	23,848							42,320			57,346	72,057
Reorganization items													2,244			2,244	2,555
Total Costs and Expenses	406,275			147,257	166,694	218,821							385,515			532,772	838,072
Operating Loss	(406,275)		(211,462)	(31,556)	(22,675)	(60,735)							(83,410)			(114,966)	(326,428)
Other Income (Expense)
Other income, net				52	80	22							102			154	254
Interest expense				(3,653)	(3,642)	(3,834)							(7,476)			(11,129)	(14,836)
Total Other (Expense) Income, net				(3,601)	(3,562)	(3,812)							(7,374)			(10,975)	(14,582)
Loss Before Reorganization Items and Income Taxes	(406,275)																(341,010)
(Loss) Income Before Income Taxes	(406,275)			(35,157)	(26,237)	(64,547)							(90,784)			(125,941)	(341,010)
Income Tax Benefit																	0
Net (Loss) Income	(406,275)		$ (215,069)	$ (35,157)	$ (26,237)	$ (64,547)							$ (90,784)	$ (406,275)		$ (125,941)	(341,010)
Net (Loss) Income Attributable to Common Stockholders	$ (406,275)																$ (341,010)
(Loss) Earnings per Share
Basic (in dollars per share)	$ (12.23)																$ (10.26)
Diluted (in dollars per share)	$ (12.23)																$ (10.26)
Weighted Average Number of Common Shares Outstanding
Basic (in shares)	33,212																33,239
Diluted (in shares)	33,212																33,239
Basic and Diluted (in shares)				33,241	33,237	33,228							33,234			33,236
Predecessor
Revenues
Oil sales														256,050					$ 532,505	$ 1,025,017
Natural gas liquids sales														3,533					14,852	27,714
Natural gas sales														37,103					69,255	117,282
(Loss) Gain on derivative financial instruments																			90,506	235,439
Total Revenues														296,686					707,118	1,405,452
Costs and Expenses
Lease operating														136,578					328,183	449,972
Production taxes														482					1,442	8,385
Gathering and transportation														5,910					33,156	34,707
Pipeline facility fee														20,330					40,659
Depreciation, depletion and amortization														60,202					339,539	705,521
Accretion of asset retirement obligations														38,380					64,708	50,081
Impairment of oil and natural gas properties								$ 77,600	$ 143,100	$ 340,500	$ 1,425,800	$ 904,700		77,781	$ 2,330,500				2,814,028	2,421,884
Goodwill impairment		$ 329,300																		329,293
General and administrative expense														27,557					102,736	116,500
Total Costs and Expenses														367,220					3,724,451	4,116,343
Operating Loss							$ 12,795	(83,329)	(168,119)	(417,866)	(1,513,148)	(918,200)		(70,534)	(2,431,348)				(3,017,333)	(2,710,891)
Other Income (Expense)
Loss from equity method investees																			(10,746)	(17,165)
Other income, net														117					3,596	4,176
Gain on early extinguishment of debt										777,000	290,300	458,300			748,600				1,525,596
Interest expense														(12,580)					(405,658)	(323,308)
Total Other (Expense) Income, net														(12,463)					1,112,788	(336,297)
Loss Before Reorganization Items and Income Taxes														(82,997)					(1,904,545)	(3,047,188)
Reorganization items														2,733,608					(14,201)
(Loss) Income Before Income Taxes														2,650,611	(1,883,924)				(1,918,746)	(3,047,188)
Income Tax Benefit															51				(87)	(613,350)
Net (Loss) Income							2,771,349	(120,738)	(195,460)	160,776	(1,310,583)	(573,392)		2,650,611	(1,883,975)				(1,918,659)	(2,433,838)
Preferred Stock Dividends															5,664				5,194	11,468
Net (Loss) Income Attributable to Common Stockholders							$ 2,771,349	$ (120,738)	$ (192,612)	$ 158,398	$ (1,313,393)	$ (576,246)		$ 2,650,611	$ (1,889,639)				$ (1,923,853)	$ (2,445,306)
(Loss) Earnings per Share
Basic (in dollars per share)							$ 28.04	$ (1.23)	$ (1.97)	$ 1.65	$ (13.81)	$ (6.08)		$ 26.95	$ (19.91)				$ (20.08)	$ (25.97)
Diluted (in dollars per share)							$ 26.45	$ (1.23)	$ (1.97)	$ 1.55	$ (13.81)	$ (6.08)		$ 25.30	$ (19.91)				$ (20.08)	$ (25.97)
Weighted Average Number of Common Shares Outstanding
Basic (in shares)														98,337	94,926				95,822	94,167
Diluted (in shares)														104,787	94,926				95,822	94,167

PDF HTML

10-K

ZIP XLS HTML

XBRL

Published: March 21, 2018

Income Statement

Source