Income Statement Image
v3.20.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenue and other:    
Revenue $ 750,474 $ 1,114,668
Commodity derivative fair value gains (losses) 565,833 (77,368)
Total revenue and other 1,317,105 1,037,407
Operating expenses:    
Production and ad valorem taxes 25,699 35,678
Impairment of oil and gas properties 89,220 81,244
Impairment of midstream assets   6,982
Depletion, depreciation, and amortization 199,677 240,201
Accretion of asset retirement obligations 1,104 976
General and administrative (including equity-based compensation expense of $8,903 and $3,329 in 2019 and 2020, respectively) 31,221 68,202
Contract termination and rig stacking 0 8,360
Total operating expenses 1,054,672 1,071,114
Operating income (loss) 262,433 (33,707)
Other income (expenses):    
Equity in earnings (loss) of unconsolidated affiliates (128,055) 14,081
Impairment of equity investments (610,632)  
Gain on deconsolidation of Antero Midstream Partners LP   1,406,042
Interest expense, net (53,102) (71,950)
Gain on early extinguishment of debt 80,561  
Total other income (expenses) (711,228) 1,348,173
Income (loss) before income taxes (448,795) 1,314,466
Provision for income tax (expense) benefit 109,985 (288,710)
Net income (loss) and comprehensive income (loss) including noncontrolling interests (338,810) 1,025,756
Net income and comprehensive income attributable to noncontrolling interests   46,993
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation $ (338,810) $ 978,763
Income (loss) per share-basic (in dollars per share) $ (1.19) $ 3.17
Income (loss) per share-diluted (in dollars per share) $ (1.19) $ 3.17
Weighted average number of shares outstanding:    
Basic (in shares) 284,227 308,694
Diluted (in shares) 284,227 308,788
Natural gas sales    
Revenue and other:    
Revenue $ 411,082 $ 657,266
Natural gas liquids sales    
Revenue and other:    
Revenue 257,673 313,685
Oil sales    
Revenue and other:    
Revenue 35,646 48,052
Commodity derivative fair value gains (losses) 35,646  
Gathering, compression, water handling and treatment    
Revenue and other:    
Revenue   4,479
Commodity derivative fair value gains (losses) 565,833  
Operating expenses:    
Cost of goods and services sold 588,624 424,529
Marketing    
Revenue and other:    
Revenue 46,073 91,186
Operating expenses:    
Cost of goods and services sold 93,273 163,084
Other income    
Revenue and other:    
Revenue 798 107
Lease operating    
Operating expenses:    
Cost of goods and services sold 25,644 41,732
Exploration    
Operating expenses:    
Cost of goods and services sold $ 210 $ 126

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