Income Statement Image
v3.20.2
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue and other:        
Revenue $ 889,492 $ 896,612 $ 2,292,185 $ 2,980,757
Commodity derivative fair value gains (losses) (514,751) 220,788 (116,933) 471,847
Amortization of deferred revenue, VPP 5,175   5,175  
Total revenue 380,591 1,118,881 2,182,607 3,455,952
Operating expenses:        
Production and ad valorem taxes 25,790 28,863 71,481 95,509
Impairment of oil and gas properties 29,392 1,041,469 155,962 1,253,712
Impairment of midstream assets   7,800   14,782
Depletion, depreciation, and amortization 238,418 241,503 652,130 724,006
Loss on sale of assets       951
Accretion of asset retirement obligations 1,115 927 3,330 2,821
General and administrative 31,640 35,923 101,264 146,507
Contract termination and rig stacking 1,246 62 12,317 14,026
Total operating expenses 1,134,700 2,104,759 3,281,205 4,375,541
Operating loss (754,109) (985,878) (1,098,598) (919,589)
Other income (expenses):        
Equity in earnings (loss) of unconsolidated affiliates 24,419 (117,859) (83,408) (90,193)
Impairment of equity investment     (610,632)  
Gain on deconsolidation of Antero Midstream Partners LP       1,406,042
Transaction expense (524)   (6,662)  
Interest expense, net (48,043) (47,754) (152,956) (173,868)
Gain on early extinguishment of debt 55,633   175,365  
Total other income (expenses) 31,485 (165,613) (678,293) 1,141,981
Income (loss) before income taxes (722,624) (1,151,491) (1,776,891) 222,392
Provision for income tax (expense) benefit 168,778 272,627 421,167 (33,332)
Net income (loss) and comprehensive income (loss) including noncontrolling interests (553,846) (878,864) (1,355,724) 189,060
Less: net income and comprehensive income attributable to noncontrolling interests (18,233)   (17,997) 46,993
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation $ (535,613) $ (878,864) $ (1,337,727) $ 142,067
Income (loss) per share-basic $ (1.99) $ (2.86) $ (4.89) $ 0.46
Income (loss) per share-diluted $ (1.99) $ (2.86) $ (4.89) $ 0.46
Weighted average number of shares outstanding:        
Basic (in shares) 268,511 307,781 273,689 308,509
Diluted (in shares) 268,511 307,781 273,689 308,646
Natural gas sales        
Revenue and other:        
Revenue $ 436,304 $ 524,448 $ 1,214,801 $ 1,735,086
Natural gas liquids sales        
Revenue and other:        
Revenue 327,426 284,958 797,296 902,606
Oil sales        
Revenue and other:        
Revenue 34,265 40,561 78,233 137,675
Gathering, compression, water handling and treatment        
Revenue and other:        
Revenue       4,479
Operating expenses:        
Cost of goods and services sold 656,615 603,860 1,877,084 1,595,223
Marketing        
Revenue and other:        
Revenue 91,497 46,645 201,855 200,911
Operating expenses:        
Cost of goods and services sold 128,580 108,216 334,906 408,839
Other income        
Revenue and other:        
Revenue 675 1,481 2,180 3,348
Lease operating        
Operating expenses:        
Cost of goods and services sold 21,450 35,928 71,836 118,517
Exploration        
Operating expenses:        
Cost of goods and services sold $ 454 $ 208 $ 895 $ 648

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