Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

 v2.3.0.11
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data
 3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues        
LNG terminal revenues $ 67,302 $ 66,337 $ 137,303 $ 133,164
Marketing and trading 4,606 1,029 13,054 13,170
Oil and gas sales 884 884 1,653 1,421
Other 18 25 31 37
Total revenues 72,810 68,275 152,041 147,792
Operating costs and expenses        
General and administrative expense 19,378 16,910 40,889 36,128
Depreciation, depletion and amortization 15,625 15,612 31,011 31,236
LNG terminal and pipeline operating expense 7,853 9,807 18,048 22,619
LNG terminal and pipeline development expense 13,356 1,143 21,793 1,861
Oil and gas production and exploration costs 137 113 275 211
Total operating costs and expenses 56,349 43,585 112,016 92,055
Income from operations 16,461 24,690 40,025 55,737
Other income (expense)        
Gain on sale of equity method investment 0 128,329 0 128,329
Interest expense, net (64,587) (66,950) (128,741) (134,145)
Loss on early extinguishment of debt 0 (1,011) 0 (1,011)
Derivative gain (loss), net (448) (44) (448) 461
Other income (expense) 118 158 227 152
Total other expense (64,917) 60,482 (128,962) (6,214)
Loss before income taxes and non-controlling interest (48,456) 85,172 (88,937) 49,523
Income tax provision 0 0 0 0
Loss before non-controlling interest (48,456) 85,172 (88,937) 49,523
Non-controlling interest 1,285 505 1,927 987
Net loss $ (47,171) $ 85,677 $ (87,010) $ 50,510
Net loss per share attributable to common stockholders—basic $ (0.67) $ 1.55 $ (1.26) $ 0.92
Net loss per share attributable to common stockholders—diluted $ (0.67) $ 0.86 $ (1.26) $ 0.62
Weighted average number of common shares outstanding—basic 70,630 55,317 68,800 55,161
Weighted average number of common shares outstanding—diluted 70,630 116,596 68,800 110,610