Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Income

v3.21.1
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenue:    
Amortization of customer relationships $ (17,668) $ (17,605)
Total revenue 224,121 243,708
Operating expenses:    
Direct operating 39,314 48,728
General and administrative (including $3,338 and $4,012 of equity-based compensation in 2020 and 2021, respectively) 17,930 13,537
Facility idling 1,179 8,678
Impairment of goodwill   575,461
Impairment of property and equipment 1,379 89,083
Depreciation 26,850 27,343
Accretion of asset retirement obligations 119 42
Loss on asset sale 3,763  
Total operating expenses 90,534 762,872
Operating income (loss) 133,587 (519,164)
Interest expense, net (42,866) (37,631)
Equity in earnings of unconsolidated affiliates 20,744 19,077
Income (loss) before income taxes 111,465 (537,718)
Provision for income tax benefit (expense) (28,024) 144,785
Net income (loss) and comprehensive income (loss) $ 83,441 $ (392,933)
Net income (loss) per share-basic (in dollars per share) $ 0.17 $ (0.81)
Net income (loss) per share-diluted (in dollars per share) $ 0.17 $ (0.81)
Weighted average common shares outstanding:    
Basic (in shares) 476,850 483,103
Diluted (in shares) 479,272 483,103
Natural Gas, Gathering, Transportation, Marketing and Processing - Affiliate    
Revenue:    
Total operating revenues $ 185,161 $ 163,129
Natural Gas Water Handling and Treatment - Affiliate    
Revenue:    
Total operating revenues 56,603 $ 98,184
Natural Gas Water Handling and Treatment    
Revenue:    
Total operating revenues $ 25