Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenues    
LNG terminal revenues $ 67,260 $ 70,001
Marketing and trading revenues 2,658 8,449
Oil and gas sales 550 768
Other 6 13
Total revenues 70,474 79,231
Operating costs and expenses    
General and administrative expense 19,993 21,510
Depreciation, depletion and amortization 16,290 15,386
LNG terminal and pipeline operating expense 11,557 10,194
LNG terminal and pipeline development expense 21,819 8,437
Other 94 138
Total operating costs and expenses 69,753 55,665
Income from operations 721 23,566
Other income (expense)    
Interest expense, net (58,350) (64,154)
Loss on early extinguishment of debt (507) 0
Derivative loss (800) 0
Other income 125 109
Total other expense (59,568) (64,045)
Loss before income taxes and non-controlling interest (58,847) (40,479)
Income tax provision (6) 0
Loss before non-controlling interest (58,853) (40,479)
Non-controlling interest 2,438 641
Net loss $ (56,415) $ (39,838)
Net loss per share attributable to common stockholders - basic and diluted $ (0.43) $ (0.60)
Weighted average number of common shares outstanding - basic and diluted 131,107 66,950