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v3.20.2
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue:        
Amortization $ (17,800) $ (28,863) $ (53,011) $ (39,178)
Total revenue 233,415 243,795 696,859 553,521
Operating expenses:        
Direct operating 38,052 61,808 128,847 140,788
General and administrative 13,232 30,595 39,191 85,026
Facility idling 2,527 1,512 13,680 1,512
Impairment of goodwill   43,759 575,461 43,759
Impairment of property and equipment 947 407,848 90,030 408,442
Impairment of customer relationships   5,871   5,871
Depreciation 26,801 24,460 81,889 68,557
Accretion and change in fair value of contingent acquisition consideration   1,977   5,323
Accretion of asset retirement obligations 39 54 142 133
Loss on asset sale     240  
Total operating expenses 81,598 577,884 929,480 759,411
Operating income (loss) 151,817 (334,089) (232,621) (205,890)
Interest expense, net (34,501) (36,134) (107,443) (73,872)
Equity in earnings of unconsolidated affiliates 23,173 18,478 63,197 34,981
Income (loss) before income taxes 140,489 (351,745) (276,867) (244,781)
Provision for income tax benefit (expense) (34,982) 62,268 77,882 34,226
Net income (loss) and comprehensive income (loss) $ 105,507 $ (289,477) $ (198,985) $ (210,555)
Net income (loss) per share-basic and diluted     $ (0.42) $ (0.50)
Net income per share-basic (in dollars per share) $ 0.22 $ (0.57) (0.42) (0.50)
Net income (loss) per share-diluted (in dollars per share) $ 0.22 $ (0.57) $ (0.42) $ (0.50)
Weighted average common shares outstanding:        
Basic 476,578 506,419 478,831 423,296
Diluted 478,694 506,419 478,831 423,296
Natural Gas, Gathering, Transportation, Marketing and Processing - Affiliate        
Revenue:        
Revenue $ 190,214 $ 175,719 $ 527,334 $ 378,178
Natural Gas Water Handling and Treatment - Affiliate        
Revenue:        
Revenue $ 61,001 $ 96,939 $ 222,536 214,471
Natural Gas Water Handling and Treatment        
Revenue:        
Revenue       $ 50

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