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v3.19.2
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue        
Revenue     $ 309,726  
Amortization of customer relationships $ (8,534)   (10,315)  
Total revenue 255,618   309,726  
Operating expenses:        
Direct operating 63,998   78,980  
General and administrative expense 34,622 $ 11,509 54,431 $ 21,073
Impairment of property and equipment 594   594  
Depreciation 36,447   44,097  
Accretion and change in fair value of contingent acquisition consideration 2,297   3,346  
Accretion of asset retirement obligations 69   79  
Total operating expenses 138,027 11,509 181,527 21,073
Operating income (loss) 117,591 (11,509) 128,199 (21,073)
Interest expense, net (31,521) (18) (37,738) (14)
Equity in earnings of unconsolidated affiliates 13,623 33,145 16,503 61,598
Income before taxes 99,693 21,618 106,964 40,511
Provision for income tax expense (30,419) (7,231) (28,042) (13,319)
Net income and comprehensive income $ 69,274 $ 14,387 $ 78,922 $ 27,192
Net income per share-basic and diluted (in dollars per share) $ 0.14 $ 0.07 $ 0.21 $ 0.14
Weighted average common shares outstanding-basic 506,816 186,199 381,045 186,194
Weighted average common shares outstanding-diluted 507,767 186,199 382,026 186,194
Natural Gas, Gathering, Transportation, Marketing and Processing - Affiliate        
Revenue        
Revenue $ 168,925   $ 202,459  
Natural Gas Water Handling and Treatment - Affiliate        
Revenue        
Revenue 95,181   117,532  
Natural Gas Water Handling and Treatment        
Revenue        
Revenue $ 46   $ 50  

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