Income Statement Image
v3.19.3
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue and other:        
Revenues from contracts with customers $ 896,612 $ 1,019,555 $ 2,980,757 $ 2,865,104
Commodity derivative fair value gains 220,788 57,019 471,847 134,793
Marketing derivative fair value gains (losses) 0 (42) 0 94,081
Total revenue 1,118,881 1,076,532 3,455,952 3,093,978
Operating expenses:        
Production and ad valorem taxes 28,863 30,518 95,509 82,232
Impairment of oil and gas properties 1,041,469 221,094 1,253,712 406,068
Impairment of midstream assets 7,800 1,157 14,782 9,658
Depletion, depreciation, and amortization 241,503 243,186 724,006 709,480
Loss on sale of assets     951  
Accretion of asset retirement obligations 927 710 2,821 2,101
General and administrative 35,923 59,860 146,507 181,576
Contract termination and rig stacking 62   14,026  
Total operating expenses 2,104,759 1,071,728 4,375,541 2,975,444
Operating income (loss) (985,878) 4,804 (919,589) 118,534
Other income (expenses):        
Equity in earnings (loss) of unconsolidated affiliates (117,859) 10,705 (90,193) 27,832
Interest expense, net (47,754) (74,528) (173,868) (208,303)
Gain on deconsolidation of Antero Midstream Partners LP     1,406,042  
Total other income (expenses) (165,613) (63,823) 1,141,981 (180,471)
Income (loss) before income taxes (1,151,491) (59,019) 222,392 (61,937)
Provision for income tax (expense) benefit 272,627 (18,953) (33,332) (2,500)
Net income (loss) and comprehensive income (loss) including noncontrolling interests (878,864) (77,972) 189,060 (64,437)
Net income and comprehensive income attributable to noncontrolling interests   76,447 46,993 211,534
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation $ (878,864) $ (154,419) $ 142,067 $ (275,971)
Earnings (loss) per common share-basic (in dollars per share)        
Earnings (loss) per common share-basic (in dollars per share) $ (2.86) $ (0.49) $ 0.46 $ (0.87)
Earnings (loss) per common share-assuming dilution (in dollars per share)        
Earnings (loss) per common share-assuming dilution (in dollars per share) $ (2.19) $ (0.49) $ 0.46 $ (0.87)
Weighted average number of shares outstanding        
Basic (in shares) 307,781 317,082 308,509 316,850
Diluted (in shares) 307,781 317,082 308,646 316,850
Natural gas sales        
Revenue and other:        
Revenues from contracts with customers $ 524,448 $ 527,122 $ 1,735,086 $ 1,498,324
Natural gas liquids sales        
Revenue and other:        
Revenues from contracts with customers 284,958 338,269 902,606 828,424
Oil sales        
Revenue and other:        
Revenues from contracts with customers 40,561 59,722 137,675 128,869
Gathering, compression, water handling and treatment        
Revenue and other:        
Revenues from contracts with customers   4,844 4,479 15,298
Operating expenses:        
Cost of goods and services sold 603,860 326,504 1,595,223 926,228
Marketing        
Revenue and other:        
Revenues from contracts with customers 46,645 89,598 200,911 394,189
Operating expenses:        
Cost of goods and services sold 108,216 151,764 408,839 560,924
Other income        
Revenue and other:        
Revenues from contracts with customers 1,481   3,348  
Lease operating        
Operating expenses:        
Cost of goods and services sold 35,928 36,269 118,517 93,155
Exploration        
Operating expenses:        
Cost of goods and services sold $ 208 $ 666 $ 648 $ 4,022

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