Income Statement Image
v3.22.2
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue and other:        
Revenue $ 2,456,717 $ 1,308,260 $ 4,245,146 $ 2,678,424
Commodity derivative fair value losses (265,662) (831,840) (1,277,042) (1,009,596)
Amortization of deferred revenue, VPP 9,375 11,279 18,647 22,429
Other income (loss) 1,255 (619) 1,774 21
Total revenue 2,201,685 487,080 2,988,525 1,691,278
Operating expenses:        
Lease operating 25,253 21,645 43,033 46,192
Production and ad valorem taxes 81,842 33,694 134,650 78,391
General and administrative 44,439 32,177 80,130 76,251
Depletion, depreciation, and amortization 173,395 187,330 341,783 381,356
Impairment of oil and gas properties 23,363 9,303 45,825 43,365
Accretion of asset retirement obligations 804 1,331 3,248 2,119
Contract termination 2,096 844 2,104 935
(Gain) loss on sale of assets 71 (2,288) 1,857 (2,288)
Total operating expenses 1,140,167 1,130,030 2,131,606 2,239,688
Operating income (loss) 1,061,518 (642,950) 856,919 (548,410)
Other income (expense):        
Interest expense, net (34,213) (49,963) (71,926) (92,706)
Equity in earnings of unconsolidated affiliates 14,713 17,477 39,891 36,171
Loss on early extinguishment of debt (4,414) (23,065) (15,068) (66,269)
Loss on convertible note equitizations   (11,731)   (50,777)
Transaction expense   (185)   (2,476)
Total other expense (23,914) (67,467) (47,103) (176,057)
Income (loss) before income taxes 1,037,604 (710,417) 809,816 (724,467)
Income tax benefit (expense) (225,571) 175,966 (172,479) 178,912
Net income (loss) and comprehensive income (loss) including noncontrolling interests 812,033 (534,451) 637,337 (545,555)
Less: net income (loss) and comprehensive income (loss) attributable to noncontrolling interests 46,898 (10,984) 28,621 (6,589)
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation $ 765,135 $ (523,467) $ 608,716 $ (538,966)
Income (loss) per share-basic (in dollars per share) $ 2.46 $ (1.70) $ 1.95 $ (1.78)
Income (loss) per share-diluted (in dollars per share) $ 2.29 $ (1.70) $ 1.81 $ (1.78)
Weighted average number of shares outstanding:        
Basic (in shares) 310,535 307,879 312,300 302,343
Diluted (in shares) 334,561 307,879 337,589 302,343
Natural gas sales        
Revenue and other:        
Revenue $ 1,558,994 $ 626,520 $ 2,554,786 $ 1,346,889
Natural gas liquids sales        
Revenue and other:        
Revenue 702,388 464,381 1,362,693 904,700
Oil sales        
Revenue and other:        
Revenue 89,185 51,906 152,479 96,592
Gathering, compression, water handling and treatment, processing, and transportation        
Operating expenses:        
Cost of goods and services sold 656,212 641,362 1,246,490 1,246,439
Marketing.        
Revenue and other:        
Revenue 106,150 165,453 175,188 330,243
Operating expenses:        
Cost of goods and services sold 131,298 198,994 230,194 361,071
Exploration and mine expenses        
Operating expenses:        
Cost of goods and services sold $ 1,394 $ 5,638 $ 2,292 $ 5,857

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