v3.24.1.u1
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue and other:    
Total revenue $ 1,122,271 $ 1,408,348
Operating expenses:    
Lease operating 29,121 29,321
Production and ad valorem taxes 58,168 49,276
General and administrative (including equity-based compensation expense of $13,018 and $16,077 in 2023 and 2024, respectively) 55,862 57,261
Depletion, depreciation and amortization 173,054 167,582
Impairment of property and equipment 5,190 15,560
Accretion of asset retirement obligations 776 878
Contract termination and loss contingency 2,039 29,550
Loss (gain) on sale of assets 188 (91)
Other operating expense 17 225
Total operating expenses 1,057,111 1,076,858
Operating income 65,160 331,490
Other income (expense):    
Interest expense, net (30,187) (25,700)
Equity in earnings of unconsolidated affiliate 23,347 17,681
Loss on convertible note inducements   (86)
Total other expense (6,840) (8,105)
Income before income taxes 58,320 323,385
Income tax expense (10,033) (62,183)
Net income and comprehensive income including noncontrolling interests 48,287 261,202
Less: net income and comprehensive income attributable to noncontrolling interests 11,942 47,771
Net income and comprehensive income attributable to Antero Resources Corporation $ 36,345 $ 213,431
Net income per common share-basic (in dollars per share) $ 0.12 $ 0.72
Net income per common share-diluted (in dollars per share) $ 0.12 $ 0.69
Weighted average number of common shares outstanding:    
Basic (in shares) 304,943 296,763
Diluted (in shares) 312,503 311,846
Natural gas sales    
Revenue and other:    
Total revenue $ 474,133 $ 668,315
Natural gas liquids sales    
Revenue and other:    
Total revenue 517,862 495,435
Oil sales    
Revenue and other:    
Total revenue 64,717 51,811
Gathering, compression, water handling and treatment, processing, and transportation    
Operating expenses:    
Cost of goods and services sold 672,281 645,172
Commodity derivative fair value gains    
Revenue and other:    
Total revenue 9,446 126,192
Marketing.    
Revenue and other:    
Total revenue 48,520 58,529
Operating expenses:    
Cost of goods and services sold 59,813 81,361
Amortization of deferred revenue, VPP    
Revenue and other:    
Total revenue 6,738 7,533
Other revenue and income    
Revenue and other:    
Total revenue 855 533
Exploration and mine expenses    
Operating expenses:    
Cost of goods and services sold $ 602 $ 763

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