v3.26.3
SEGMENT INFORMATION (Tables)
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Reportable segment results for the three months ended September 30, 2026 are:
For the Three Months Ended September 30, 2026
ShaleCoalbed MethaneOtherConsolidated
Natural Gas, NGLs and Oil Revenue$341,589 $30,685 $242 $372,516 (A)
Gain on Commodity Derivative Instruments 49,149 3,286 108,128 160,563 
Purchased Gas Revenue— — 4,426 4,426 
Other Revenue and Operating Income14,795 — 27,704 42,499 (B)
Total Revenue and Other Operating Income $405,533 $33,971 $140,500 $580,004   
Lease Operating Expense17,105 6,496 238 23,839 
Transportation, Gathering and Compression81,171 12,965 496 94,632 
Production, Ad Valorem, and Other Fees5,220 1,438 11 6,669 
Depreciation, Depletion and Amortization112,936 14,803 6,906 134,645 
Interest Expense— — 39,588 39,588 
Other Segment Items— — 61,444 61,444 
Total Costs and Expenses$216,432 $35,702 $108,683 $360,817 
Income (Loss) Before Income Tax$189,101 $(1,731)$31,817 $219,187 
(A) Included in Natural Gas, NGLs and Oil Revenue are sales of $57,654 to NRG Business Marketing LLC, which comprises over 10% of revenue from contracts with external customers for the period.
(B) Includes midstream revenue of $14,795 and equity in loss of unconsolidated affiliates of $227 for Shale and Other, respectively. Other also includes sales of environmental attributes of $17,370.
For the Three Months Ended September 30, 2026
Other Segment DisclosuresShaleCoalbed MethaneOtherConsolidated
Segment Assets$7,280,951 $867,077 $1,011,986 $9,160,014 (C)
Capital Expenditures$127,481 $9,525 $2,146 $139,152 
(C) Includes investments in unconsolidated equity affiliates of $9,989.

Reportable segment results for the three months ended September 30, 2025 are:
For the Three Months Ended September 30, 2025
ShaleCoalbed MethaneOtherConsolidated
Natural Gas, NGLs and Oil Revenue$367,315 $32,745 $930 $400,990 (D)
Gain on Commodity Derivative Instruments21,014 1,358 109,323 131,695 
Purchased Gas Revenue— — 9,026 9,026   
Other Revenue and Operating Income17,415 — 24,714 42,129 (E)
Total Revenue and Other Operating Income$405,744 $34,103 $143,993 $583,840   
Lease Operating Expense20,972 6,298 (143)27,127 
Transportation, Gathering and Compression80,481 16,195 377 97,053 
Production, Ad Valorem, and Other Fees6,180 1,477 68 7,725 
Depreciation, Depletion and Amortization127,334 15,096 6,893 149,323 
Interest Expense— — 42,964 42,964 
Other Segment Items— — (6,044)(6,044)
Total Costs and Expenses$234,967 $39,066 $44,115 $318,148 
Income (Loss) Before Income Tax$170,777 $(4,963)$99,878 $265,692 
(D) Included in Natural Gas, NGLs and Oil Revenue are sales of $49,542 to DTE Energy Trading Inc., $47,915 to NRG Business Marketing LLC, and $43,010 to Citadel Energy Marketing LLC, each of which comprises over 10% of revenue from contracts with external customers for the period.
(E) Includes midstream revenue of $17,415 and equity in loss of unconsolidated affiliates of $1,297 for Shale and Other, respectively. Other also includes sales of environmental attributes of $17,949.
For the Three Months Ended September 30, 2025
Other Segment DisclosuresShaleCoalbed MethaneOtherConsolidated
Segment Assets$7,152,404 $915,031 $836,683 $8,904,118 (F)
Capital Expenditures$67,428 $6,258 $1,858 $75,544 
(F) Includes investments in unconsolidated equity affiliates of $17,881.
Reportable segment results for the nine months ended September 30, 2026 are:
For the Nine Months Ended September 30, 2026
ShaleCoalbed MethaneOtherConsolidated
Natural Gas, NGLs and Oil Revenue$1,365,051 $118,079 $864 $1,483,994 (G)
(Loss) Gain on Commodity Derivative Instruments (116,803)(6,874)464,557 340,880 
Purchased Gas Revenue— — 29,569 29,569 
Other Revenue and Operating Income46,446 — 84,253 130,699 (H)
Total Revenue and Other Operating Income $1,294,694 $111,205 $579,243 $1,985,142   
Lease Operating Expense47,211 18,812 848 66,871 
Transportation, Gathering and Compression254,630 44,159 1,468 300,257 
Production, Ad Valorem, and Other Fees16,736 5,234 34 22,004 
Depreciation, Depletion and Amortization340,459 44,093 20,938 405,490 
Interest Expense— — 119,081 119,081 
Other Segment Items— — 186,906 186,906 
Total Costs and Expenses$659,036 $112,298 $329,275 $1,100,609 
Income (Loss) Before Income Tax$635,658 $(1,093)$249,968 $884,533 
(G) Included in Natural Gas, NGLs and Oil Revenue are sales of $271,215 to NRG Business Marketing LLC and $151,429 to DTE Energy Trading, Inc., each of which comprises over 10% of revenue from contracts with external customers for the period.
(H) Includes midstream revenue of $46,446 and equity in loss of unconsolidated affiliates of $1,334 for Shale and Other, respectively. Other also includes sales of environmental attributes of $46,746.
For the Nine Months Ended September 30, 2026
Other Segment DisclosuresShaleCoalbed MethaneOtherConsolidated
Segment Assets$7,280,951 $867,077 $1,011,986 $9,160,014 (I)
Capital Expenditures$425,020 $21,211 $4,827 $451,058 
(I) Includes investments in unconsolidated equity affiliates of $9,989.

Reportable segment results for the nine months ended September 30, 2025 are:
For the Nine Months Ended September 30, 2025
ShaleCoalbed MethaneOtherConsolidated
Natural Gas, NGLs and Oil Revenue$1,326,488 $109,203 $1,422 $1,437,113 (J)
(Loss) Gain on Commodity Derivative Instruments(114,942)(7,728)147,266 24,596 
Purchased Gas Revenue— — 30,985 30,985   
Other Revenue and Operating Income51,685 — 84,271 135,956 (K)
Total Revenue and Other Operating Income $1,263,231 $101,475 $263,944 $1,628,650   
Lease Operating Expense58,405 18,283 27 76,715 
Transportation, Gathering and Compression238,580 49,305 1,280 289,165 
Production, Ad Valorem, and Other Fees19,889 4,695 82 24,666 
Depreciation, Depletion and Amortization364,962 43,714 20,303 428,979 
Interest Expense— — 128,616 128,616 
Other Segment Items— — 101,974 101,974 
Total Costs and Expenses$681,836 $115,997 $252,282 $1,050,115 
Income (Loss) Before Income Tax$581,395 $(14,522)$11,662 $578,535 
(J) Included in Natural Gas, NGLs and Oil Revenue are sales of $167,758 to Citadel Energy Marketing LLC, $154,654 to DTE Energy Trading, Inc., and $151,213 to NRG Business Marketing LLC, each of which comprises over 10% of revenue from contracts with external customers for the period.
(K) Includes midstream revenue of $51,685 and equity in loss of unconsolidated affiliates of $749 for Shale and Other, respectively. Other also includes sales of environmental attributes of $61,234.
For the Nine Months Ended September 30, 2025
Other Segment DisclosuresShaleCoalbed MethaneOtherConsolidated
Segment Assets$7,152,404 $915,031 $836,683 $8,904,118 (L)
Capital Expenditures$280,663 $35,506 $4,405 $320,574 
(L) Includes investments in unconsolidated equity affiliates of $17,881.
Schedule of Reconciliation of Revenue from Segments to Consolidated
Revenue and Other Operating Income:
For the Three Months Ended September 30,For the Nine Months Ended September 30,
2026202520262025
Total Segment Revenue from Contracts with External Customers$391,737 $427,431 $1,560,009 $1,519,783 
Gain on Commodity Derivative Instruments160,563 131,695 340,880 24,596 
Other Operating Income27,704 24,714 84,253 84,271 
Total Consolidated Revenue and Other Operating Income $580,004 $583,840 $1,985,142 $1,628,650