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v3.21.2
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue:        
Amortization of customer relationships $ (17,668) $ (17,606) $ (35,336) $ (35,211)
Total revenue 232,787 219,736 456,908 463,444
Operating expenses:        
Direct operating 39,555 42,067 78,869 90,795
General and administrative 14,251 12,422 32,181 25,959
Facility idling 984 2,475 2,163 11,153
Impairment of goodwill       575,461
Impairment of property and equipment     1,379 89,083
Depreciation 26,619 27,745 53,469 55,088
Accretion of asset retirement obligations 114 61 233 103
Loss (gain) on asset sale (135) 240 3,628 240
Total operating expenses 81,388 85,010 171,922 847,882
Operating income (loss) 151,399 134,726 284,986 (384,438)
Interest expense, net (43,505) (35,311) (86,371) (72,942)
Equity in earnings of unconsolidated affiliates 21,515 20,947 42,259 40,024
Loss on early extinguishment of debt (20,701)   (20,701)  
Total other expense (42,691) (14,364) (64,813) (32,918)
Income (loss) before income taxes 108,708 120,362 220,173 (417,356)
Provision for income tax benefit (expense) (28,485) (31,921) (56,509) 112,864
Net income (loss) and comprehensive income (loss) $ 80,223 $ 88,441 $ 163,664 $ (304,492)
Net income (loss) per share-basic (in dollars per share) $ 0.17 $ 0.19 $ 0.34 $ (0.63)
Net income (loss) per share-diluted (in dollars per share) $ 0.17 $ 0.18 $ 0.34 $ (0.63)
Weighted average common shares outstanding:        
Basic (in shares) 477,290 476,836 477,071 479,969
Diluted (in shares) 479,530 478,837 479,382 479,969
Natural Gas, Gathering, Transportation, Marketing and Processing - Affiliate        
Revenue:        
Total operating revenues $ 192,667 $ 173,991 $ 377,828 $ 337,120
Natural Gas Water Handling and Treatment - Affiliate        
Revenue:        
Total operating revenues 57,718 $ 63,351 114,321 $ 161,535
Natural Gas Water Handling and Treatment        
Revenue:        
Total operating revenues $ 70   $ 95  

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