v3.23.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue and other:    
Total revenue $ 1,408,348 $ 786,840
Operating expenses:    
Lease operating 29,321 17,780
Production and ad valorem taxes 49,276 52,808
General and administrative (including equity-based compensation expense of $4,649 and $13,018 in 2022 and 2023, respectively) 57,261 35,691
Depletion, depreciation and amortization 167,582 168,388
Impairment of property and equipment 15,560 22,462
Accretion of asset retirement obligations 878 2,444
Contract termination 29,550 8
Loss (gain) on sale of assets (91) 1,786
Other operating expense 225  
Total operating expenses 1,076,858 991,439
Operating income (loss) 331,490 (204,599)
Other income (expense):    
Interest expense, net (25,700) (37,713)
Equity in earnings of unconsolidated affiliate 17,681 25,178
Loss on early extinguishment of debt   (10,654)
Loss on convertible note inducement (86)  
Total other expense (8,105) (23,189)
Income (loss) before income taxes 323,385 (227,788)
Income tax benefit (expense) (62,183) 53,092
Net income (loss) and comprehensive income (loss) including noncontrolling interests 261,202 (174,696)
Less: net income and comprehensive income attributable to noncontrolling interests 47,771 (18,277)
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation $ 213,431 $ (156,419)
Income (loss) per share-basic (in dollars per share) $ 0.72 $ (0.50)
Income (loss) per share-diluted (in dollars per share) $ 0.69 $ (0.50)
Weighted average number of shares outstanding:    
Basic (in shares) 296,763 314,081
Diluted (in shares) 311,846 314,081
Natural gas sales    
Revenue and other:    
Total revenue $ 668,315 $ 995,792
Natural gas liquids sales    
Revenue and other:    
Total revenue 495,435 660,305
Oil sales    
Revenue and other:    
Total revenue 51,811 63,294
Gathering, compression, water handling and treatment, processing, and transportation    
Operating expenses:    
Cost of goods and services sold 645,172 590,278
Marketing.    
Revenue and other:    
Total revenue 58,529 69,038
Operating expenses:    
Cost of goods and services sold 81,361 98,896
Commodity derivative fair value gains (losses)    
Revenue and other:    
Total revenue 126,192 (1,011,380)
Amortization of deferred revenue, VPP    
Revenue and other:    
Total revenue 7,533 9,272
Other revenue and income    
Revenue and other:    
Total revenue 533 519
Exploration and mine expenses    
Operating expenses:    
Cost of goods and services sold $ 763 $ 898

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