| Schedule Of Quarterly Financial Information |
The following tables summarize the Company’s results of operations by quarter for the years ended December 31, 2015 and 2014:
|
|
|
2015 |
|
|
|
|
First
Quarter |
|
|
Second
Quarter |
|
|
Third
Quarter |
|
|
Fourth
Quarter |
|
|
|
|
(in thousands, except share and per share data) |
|
|
Revenues |
|
$ |
34,372 |
|
|
$ |
21,928 |
|
|
$ |
28,386 |
|
|
$ |
22,608 |
|
|
Income (loss) from operations(1) |
|
|
8,172 |
|
|
|
(107,462 |
) |
|
|
(180,272 |
) |
|
|
(149,272 |
) |
|
Income (loss) before provision for income taxes |
|
|
614 |
|
|
|
(114,395 |
) |
|
|
(188,201 |
) |
|
|
(157,525 |
) |
|
Net income (loss) |
|
|
614 |
|
|
|
(114,395 |
) |
|
|
(188,201 |
) |
|
|
(157,525 |
) |
|
Dividend on preferred stock |
|
|
3,618 |
|
|
|
3,619 |
|
|
|
3,618 |
|
|
|
3,618 |
|
|
Net loss attributable to common stockholders |
|
|
(3,004 |
) |
|
|
(118,014 |
) |
|
|
(191,819 |
) |
|
|
(161,143 |
) |
|
Net loss per share of common stock attributable to
common stockholders: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
$ |
(0.04 |
) |
|
$ |
(1.52 |
) |
|
$ |
(2.47 |
) |
|
$ |
(2.07 |
) |
|
Diluted |
|
$ |
(0.04 |
) |
|
$ |
(1.52 |
) |
|
$ |
(2.47 |
) |
|
$ |
(2.07 |
) |
|
Weighted average shares of common stock outstanding: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
77,114,826 |
|
|
|
77,611,167 |
|
|
|
77,628,120 |
|
|
|
77,685,049 |
|
|
Diluted |
|
|
77,114,826 |
|
|
|
77,611,167 |
|
|
|
77,628,120 |
|
|
|
77,685,049 |
|
(1)Income (loss) from operations for the second, third and fourth quarters of 2015 includes impairment of oil and natural gas properties of $100.2 million, $182.0 million and $144.8 million, respectively.
|
|
|
2014 |
|
|
|
|
First
Quarter |
|
|
Second
Quarter |
|
|
Third
Quarter |
|
|
Fourth
Quarter |
|
|
|
|
(in thousands, except share and per share data) |
|
|
Revenues |
|
$ |
32,327 |
|
|
$ |
35,897 |
|
|
$ |
41,746 |
|
|
$ |
61,448 |
|
|
Income from operations |
|
|
8,497 |
|
|
|
12,539 |
|
|
|
20,413 |
|
|
|
37,063 |
|
|
Income before provision for income taxes |
|
|
1,611 |
|
|
|
5,627 |
|
|
|
13,425 |
|
|
|
30,290 |
|
|
Net income |
|
|
1,611 |
|
|
|
5,627 |
|
|
|
13,425 |
|
|
|
30,290 |
|
|
Dividend on preferred stock |
|
|
3,576 |
|
|
|
3,611 |
|
|
|
3,618 |
|
|
|
3,619 |
|
|
Net (loss) income attributable to common stockholders |
|
|
(1,965 |
) |
|
|
2,016 |
|
|
|
9,807 |
|
|
|
26,671 |
|
|
Net (loss) income per share of common stock attributable to
common stockholders: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
$ |
(0.03 |
) |
|
$ |
0.03 |
|
|
$ |
0.16 |
|
|
$ |
0.35 |
|
|
Diluted |
|
$ |
(0.03 |
) |
|
$ |
0.03 |
|
|
$ |
0.15 |
|
|
$ |
0.34 |
|
|
Weighted average shares of common stock outstanding: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
58,204,532 |
|
|
|
58,702,982 |
|
|
|
60,006,903 |
|
|
|
75,994,979 |
|
|
Diluted |
|
|
58,204,532 |
|
|
|
61,922,874 |
|
|
|
63,399,446 |
|
|
|
78,577,762 |
|
|