Income Statement Image
v3.22.1
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue and other:    
Revenue $ 1,788,429 $ 1,370,164
Commodity derivative fair value losses (1,011,380) (177,756)
Amortization of deferred revenue, VPP 9,272 11,150
Other income 519 640
Total revenue 786,840 1,204,198
Operating expenses:    
Lease operating 17,780 24,547
Production and ad valorem taxes 52,808 44,697
General and administrative (including equity-based compensation expense of $5,642 and $4,649 in 2021 and 2022, respectively) 35,691 44,074
Depletion, depreciation, and amortization 168,388 194,026
Impairment of oil and gas properties 22,462 34,062
Accretion of asset retirement obligations 2,444 788
Contract termination 8 91
Loss on sale of assets (1,786)  
Total operating expenses 991,439 1,109,658
Operating income (loss) (204,599) 94,540
Other income (expense):    
Interest expense, net (37,713) (42,743)
Equity in earnings of unconsolidated affiliates 25,178 18,694
Loss on early extinguishment of debt (10,654) (43,204)
Loss on convertible note equitizations   (39,046)
Transaction expense   (2,291)
Total other expense (23,189) (108,590)
Loss before income taxes (227,788) (14,050)
Income tax benefit 53,092 2,946
Net loss and comprehensive loss including noncontrolling interests (174,696) (11,104)
Less: net income (loss) and comprehensive income (loss) attributable to noncontrolling interests (18,277) 4,395
Net loss and comprehensive loss attributable to Antero Resources Corporation $ (156,419) $ (15,499)
Loss per share-basic (in dollars per share) $ (0.50) $ (0.05)
Loss per share-diluted (in dollars per share) $ (0.50) $ (0.05)
Weighted average number of shares outstanding:    
Basic (in shares) 314,081 296,746
Diluted (in shares) 314,081 296,746
Natural gas sales    
Revenue and other:    
Revenue $ 995,792 $ 720,369
Natural gas liquids sales    
Revenue and other:    
Revenue 660,305 440,319
Oil sales    
Revenue and other:    
Revenue 63,294 44,686
Gathering, compression, water handling and treatment, processing, and transportation    
Operating expenses:    
Cost of goods and services sold 590,278 605,077
Marketing.    
Revenue and other:    
Revenue 69,038 164,790
Operating expenses:    
Cost of goods and services sold 98,896 162,077
Exploration    
Operating expenses:    
Cost of goods and services sold $ 898 $ 219

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