Income Statement Image
v3.22.2.2
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue and other:        
Revenue $ 2,583,865 $ 1,772,415 $ 6,829,011 $ 4,450,839
Commodity derivative fair value losses (530,523) (1,250,466) (1,807,565) (2,260,062)
Amortization of deferred revenue, VPP 9,478 11,404 28,125 33,833
Other income 1,804 530 3,578 551
Total revenue 2,064,624 533,883 5,053,149 2,225,161
Operating expenses:        
Lease operating 27,453 25,363 70,486 71,555
Production and ad valorem taxes 92,998 52,219 227,648 130,610
General and administrative 42,903 32,442 123,033 108,693
Depletion, depreciation, and amortization 169,607 182,810 511,390 564,166
Impairment of oil and gas properties 33,924 26,253 79,749 69,618
Accretion of asset retirement obligations 630 828 3,878 2,947
Contract termination 17,995 3,370 20,099 4,305
(Gain) loss on sale of assets 214 (539) 2,071 (2,827)
Total operating expenses 1,290,464 1,217,957 3,422,070 3,457,645
Operating income (loss) 774,160 (684,074) 1,631,079 (1,232,484)
Other income (expense):        
Interest expense, net (28,326) (45,414) (100,252) (138,120)
Equity in earnings of unconsolidated affiliates 14,972 21,450 54,863 57,621
Loss on early extinguishment of debt (30,307) (16,567) (45,375) (82,836)
Loss on convertible note inducement and equitizations (169)   (169) (50,777)
Transaction expense   (626)   (3,102)
Total other expense (43,830) (41,157) (90,933) (217,214)
Income (loss) before income taxes 730,330 (725,231) 1,540,146 (1,449,698)
Income tax benefit (expense) (135,823) 158,656 (308,302) 337,568
Net income (loss) and comprehensive income (loss) including noncontrolling interests 594,507 (566,575) 1,231,844 (1,112,130)
Less: net income (loss) and comprehensive income (loss) attributable to noncontrolling interests 34,748 (17,257) 63,369 (23,846)
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation $ 559,759 $ (549,318) $ 1,168,475 $ (1,088,284)
Income (loss) per share-basic (in dollars per share) $ 1.83 $ (1.75) $ 3.77 $ (3.55)
Income (loss) per share-diluted (in dollars per share) $ 1.72 $ (1.75) $ 3.51 $ (3.55)
Weighted average number of shares outstanding:        
Basic (in shares) 305,343 313,790 309,954 306,201
Diluted (in shares) 325,997 313,790 333,738 306,201
Natural gas sales        
Revenue and other:        
Revenue $ 1,736,039 $ 884,669 $ 4,290,825 $ 2,231,558
Natural gas liquids sales        
Revenue and other:        
Revenue 620,816 598,327 1,983,509 1,503,027
Oil sales        
Revenue and other:        
Revenue 67,025 56,734 219,504 153,326
Gathering, compression, water handling and treatment, processing, and transportation        
Operating expenses:        
Cost of goods and services sold 716,388 628,225 1,962,878 1,874,664
Marketing.        
Revenue and other:        
Revenue 159,985 232,685 335,173 562,928
Operating expenses:        
Cost of goods and services sold 185,377 266,751 415,571 627,822
Exploration and mine expenses        
Operating expenses:        
Cost of goods and services sold $ 2,975 $ 235 $ 5,267 $ 6,092

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