Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Data

v3.3.1.900
Selected Quarterly Financial Data
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data

19. Selected Quarterly Financial Data—UNAUDITED

Unaudited quarterly financial data are as follows (in thousands, except per share amounts):

 

 

1st

Quarter

 

 

2nd

Quarter

 

 

3rd

Quarter

 

 

4th

Quarter

 

Year Ended December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

$

127,907

 

 

$

149,066

 

 

$

126,228

 

 

$

104,064

 

Operating  loss (1)

 

(337,508

)

 

 

(278,806

)

 

 

(468,573

)

 

 

(60,816

)

Net loss (1)

 

(255,095

)

 

 

(260,449

)

 

 

(477,568

)

 

 

(51,606

)

Basic and diluted loss per common share (1) (2)

 

(3.36

)

 

 

(3.43

)

 

 

(6.29

)

 

 

(0.68

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

$

254,516

 

 

$

262,994

 

 

$

234,521

 

 

$

196,677

 

Operating income (loss)

 

37,225

 

 

 

34,403

 

 

 

20,983

 

 

 

(30,543

)

Net income (loss)

 

11,189

 

 

 

9,837

 

 

 

684

 

 

 

(33,371

)

Basic and diluted earnings (loss) per common share (2)

 

0.15

 

 

 

0.13

 

 

 

0.01

 

 

 

(0.44

)

 

(1)

During 2015, we recorded in first, second, third and fourth quarter ceiling test write-downs of oil and natural gas properties of $260.4 million, $252.8 million, $441.6 million and $32.4 million, respectively.  See Note 1 for additional information.

 

 

(2)

The sum of the individual quarterly earnings (loss) per share may not agree with the year loss per share because each quarterly calculation is based on the income for that quarter and the weighted average number of shares outstanding during that quarter.