A method of generating a synthesis gas product stream and carbon dioxide in which a fuel is combusted in an oxygen transport membrane combustor to produce a flue gas stream containing the carbon dioxide and water. Reforming duty is divided between a combined reforming process and a gas heated reformer to produce the product stream. The flue gas stream is used to supply heat to a primary, steam methane reforming stage of the combined reforming process. Residual methane, produced in the primary stage, is reacted in a secondary stage having an oxygen transport membrane reactor. Heat produced in the secondary stage is supplied to the gas heated reactor to support its operation. The flue gas stream is cooled and water is separated therefrom to produce the carbon dioxide at a concentration of at least 85 mol percent.