Montage resources corporation (ECR)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Sep'13Jun'13
REVENUES
Revenues

133,425

174,109

163,295

155,540

141,497

171,208

130,123

103,622

110,192

-

91,549

86,191

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Natural gas, oil and natural gas liquids sales

-

-

-

-

-

-

-

-

-

-

-

-

99,432

-

54,351

45,901

40,488

61,239

61,928

64,984

46,450

50,371

35,702

26,955

24,788

4,510

570

Brokered natural gas and marketing revenue

-

-

-

-

-

-

-

-

-

-

-

-3

2,431

-

128

1,165

-

-

-

-

-

-

-

-

-

-

-

Brokered natural gas and marketing revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,118

-

9,244

9,469

-2,636

-

-

-

-

-

-

Total revenues

-

-

-

-

-

-

-

-

-

-

-

86,191

101,863

-

54,479

47,066

49,606

65,882

71,172

74,453

43,814

50,371

35,702

26,955

24,788

4,510

570

OPERATING EXPENSES
Lease operating

12,043

13,707

11,986

10,141

7,525

6,263

5,312

7,324

9,390

-

5,032

4,568

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transportation, gathering and compression

54,124

-

-

-

41,168

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Production and ad valorem taxes

4,868

3,624

1,660

4,009

2,848

2,914

2,604

2,178

2,445

-

2,427

2,033

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Brokered natural gas and marketing expense

9,258

10,684

10,574

11,983

9,459

13,171

3,237

430

48

-

8

6

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation, depletion, amortization and accretion

44,135

42,053

45,456

38,597

29,897

36,268

34,439

32,922

31,311

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease operating

-

-

-

-

-

-

-

-

-

-

-

-

2,343

-

2,186

2,248

2,677

3,757

3,212

3,589

3,346

2,007

2,077

2,643

1,791

1,035

125

Transportation, gathering and compression

-

-

-

-

-

-

-

-

-

-

-

-

32,877

-

26,888

28,254

23,137

27,950

22,811

22,634

12,451

7,404

6,857

2,949

904

23

-

Production and ad valorem taxes

-

-

-

-

-

-

-

-

-

-

-

-

1,931

-

1,128

2,203

2,563

-4,631

3,175

3,078

2,100

-

-

-

-

-

-

Production and ad valorem taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,132

702

353

26

2

Brokered natural gas and marketing expense

-

-

-

-

-

-

-

-

-

-

-

-

2,460

-

42

2,160

9,402

-

9,262

10,795

-

-

-

-

-

-

-

Depreciation, depletion and amortization

-

-

-

-

-

-

-

-

-

-

35,588

25,152

26,189

28,661

28,225

20,949

15,113

74,505

67,172

60,641

42,432

37,251

29,983

9,957

12,027

2,462

495

Exploration

13,271

10,314

16,621

15,193

16,789

13,337

11,328

9,620

15,278

20,693

8,937

8,997

11,581

7,592

12,083

17,444

15,656

93,271

3,244

6,243

13,453

4,289

3,057

9,295

4,545

350

48

General and administrative

9,880

13,867

14,580

13,564

28,930

10,998

12,937

10,697

9,757

12,344

11,347

10,730

10,132

9,719

8,036

10,402

11,274

8,039

13,710

12,717

11,943

13,389

11,897

8,429

8,394

6,042

4,979

Rig termination and standby

-

-

1,221

-

-

-

-

-

-

-

-

-

-

3

-112

1,292

2,663

-

174

-

-

-

-

-

-

-

-

Loss on sale of assets

-554

-254

733

-1

-2

-

-6

1,553

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Rig termination and standby

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

366

7,057

-

-

-

-

-

-

Impairment of proved oil and gas properties

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

17,665

-

-

-

-

-

4,605

-

-

-

-

Accretion of asset retirement obligations

-

-

-

-

-

-

-

-

-

-

143

128

124

116

100

89

86

426

412

399

386

216

198

191

186

117

117

(Gain) loss on sale of assets

-

-

-

-

-

-

-

-

267

-

13

-6

5

-7,880

-102

1,024

22

-446

-290

5,553

-80

-

-

-

-

-

-

Other expense

16

22

2

12

24

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

148,149

-

-

-

136,642

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on reduction of pension obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,208

0

0

Total operating expenses

-

-

158,394

145,370

-

-

108,929

92,989

95,651

-

94,338

80,589

87,632

89,527

78,678

84,017

100,214

903,288

123,462

114,909

93,248

101,026

60,806

34,166

25,992

10,055

5,766

OPERATING INCOME (LOSS)

-14,724

20,963

4,901

10,170

4,855

47,618

21,194

10,633

14,541

-4,375

-2,789

5,602

14,231

-5,644

-24,199

-36,951

-50,608

-837,406

-52,290

-40,456

-49,434

-50,655

-25,104

-7,211

-1,204

-5,545

-5,196

OTHER INCOME (EXPENSE)
Gain (loss) on derivative instruments

40,131

7,977

15,812

29,738

-4,931

2,886

-3,263

-16,577

-4,215

3,980

-1,889

18,177

25,097

-43,931

10,639

-29,596

10,550

24,494

23,679

-3,523

11,371

19,693

5,572

-863

-3,611

-

-

Interest expense, net

-14,834

-14,914

-15,192

-15,109

-13,840

-14,014

-13,932

-13,092

-12,952

-12,727

-12,016

-12,285

-12,462

-12,496

-12,393

-12,439

-13,461

-13,204

-11,774

-14,401

-14,021

-13,027

-10,066

-11,618

-13,636

-10,939

-544

Gain (loss) on early extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

5,825

8,664

-

-59,392

-

-

-

-

-

-

-

-

Other income

12

-

-

8

-

-

-1

-

-

0

0

0

-19

-12

4

-2

-139

0

0

-2

402

-

-

1,585

-

-

-

Total other income (expense), net

25,309

-6,929

620

14,637

-18,771

-11,128

-17,196

-29,669

-17,167

-8,747

-13,905

5,892

12,616

-56,439

-1,750

-36,212

5,614

11,290

-47,487

-17,926

-2,248

5,434

-4,494

-10,896

-17,247

-10,939

-544

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES

10,585

14,034

5,521

24,807

-13,916

36,490

3,998

-19,036

-2,626

-13,122

-16,694

11,494

26,847

-62,083

-25,949

-73,163

-44,994

-826,116

-99,777

-58,382

-51,682

-45,221

-29,598

-18,107

-18,451

-16,484

-5,740

Income tax benefit (expense)

-

-

-

-

-

-

-

-

-

-

-

-

-

6

0

0

540

-21,866

-18,309

-16,412

-17,579

-

-10,544

94,541

-

-

-

INCOME (LOSS) FROM CONTINUING OPERATIONS

10,585

14,034

5,521

24,807

-13,916

36,490

3,998

-19,036

-2,626

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from discontinued operations, net of income tax

-7,757

30

-1,237

2,705

-182

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCOME (LOSS)

2,828

14,064

4,284

27,512

-14,098

36,490

3,998

-19,036

-2,626

-13,122

-16,694

11,494

26,847

-62,089

-25,949

-73,163

-45,534

-804,250

-81,468

-41,970

-34,103

-33,023

-19,054

-112,648

-18,451

-16,484

-5,740

EARNINGS (LOSS) PER SHARE OF COMMON STOCK
Basic:
Basic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.37

-0.19

-0.17

-0.16

-0.12

-0.84

-0.15

-

-

Weighted average common stock outstanding

35,772

35,918

35,684

35,678

25,564

20,160

20,144

20,129

19,563

-716,198

262,586

262,423

261,105

-640,225

258,812

223,013

222,784

-

-

-

-

-

-

-

-

-

-

Income (loss) from continuing operations

0.30

0.62

0.15

0.69

-0.54

-

0.20

-0.95

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from discontinued operations

-0.22

0.00

-0.03

0.08

-0.01

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

0.08

0.62

0.12

0.77

-0.55

1.82

0.20

-0.95

-0.13

0.41

-0.06

0.04

0.10

-12.21

-0.10

-0.33

-0.20

-

-

-

-

-

-

-

-

-

-

Diluted:
Weighted average common stock outstanding

35,858

36,209

35,697

35,826

25,564

20,486

20,170

20,129

19,563

-720,505

262,586

264,420

264,215

-640,225

258,812

223,013

222,784

-

-

-

-

-

-

-

-

-

-

Income (loss) from continuing operations

0.30

0.61

0.15

0.69

-0.54

-

0.20

-0.95

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from discontinued operations

-0.22

0.00

-0.03

0.08

-0.01

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

0.08

0.61

0.12

0.77

-0.55

1.82

0.20

-0.95

-0.13

0.40

-0.06

0.04

0.10

-12.21

-0.10

-0.33

-0.20

-

-

-

-

-

-

-

-

-

-

Basic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

222,537

222,502

203,750

160,582

160,000

134,309

122,585

-

-

Oil and Gas [Member]
Revenues

123,871

163,421

153,021

143,429

131,828

157,973

127,179

103,257

110,184

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Brokered Natural Gas and Marketing Revenue [Member]
Revenues

9,488

10,527

10,228

11,989

9,530

13,235

2,944

365

8

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Revenue [Member]
Revenues

66

161

46

122

139

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Natural Gas, Gathering, Transportation, Marketing and Processing [Member]
Transportation, gathering and compression

-

-

57,027

51,870

-

-

39,066

31,371

27,689

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-