v3.25.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue and other:        
Total revenue $ 1,297,493 $ 978,654 $ 2,650,200 $ 2,100,925
Operating expenses:        
Lease operating 37,244 29,759 71,230 58,880
Production and ad valorem taxes 34,830 41,933 90,129 100,101
General and administrative 57,183 59,428 119,628 115,290
Depletion, depreciation and amortization 187,589 188,633 373,941 379,108
Impairment of property and equipment 6,297 313 11,915 5,503
Accretion of asset retirement obligations 942 780 1,881 1,556
Contract termination, loss contingency and settlements 13,596 3,009 12,288 5,048
Loss (gain) on sale of assets 546 (18) (29) 170
Other operating expense 25 11 49 28
Total operating expenses 1,092,610 1,058,740 2,173,845 2,133,272
Operating income (loss) 204,883 (80,086) 476,355 (32,347)
Other income (expense):        
Interest expense, net (19,954) (32,681) (43,322) (62,868)
Equity in earnings of unconsolidated affiliate 30,563 20,881 59,224 44,228
Loss on early extinguishment of debt (729)   (3,628)  
Total other income (expense) 9,880 (11,800) 12,274 (18,640)
Income (loss) before income taxes 214,763 (91,886) 488,629 (50,987)
Income tax benefit (expense) (48,190) 17,288 (102,590) 11,061
Net income (loss) and comprehensive income (loss) including noncontrolling interests 166,573 (74,598) 386,039 (39,926)
Less: net income and comprehensive income attributable to noncontrolling interests 9,988 5,208 21,483 17,150
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation $ 156,585 $ (79,806) $ 364,556 $ (57,076)
Net income (loss) per common share-basic (in dollars per share) $ 0.5 $ (0.26) $ 1.17 $ (0.19)
Net income (loss) per common share-diluted (in dollars per share) $ 0.5 $ (0.26) $ 1.16 $ (0.19)
Weighted average number of common shares outstanding:        
Basic (in shares) 310,323 310,806 310,822 307,875
Diluted (in shares) 313,184 310,806 314,096 307,875
Natural gas sales        
Revenue and other:        
Total revenue $ 688,753 $ 374,568 $ 1,468,758 $ 848,701
Natural gas liquids sales        
Revenue and other:        
Total revenue 480,757 489,191 1,042,189 1,007,053
Oil sales        
Revenue and other:        
Total revenue 33,700 63,458 84,035 128,175
Gathering, compression, processing and transportation        
Operating expenses:        
Cost of goods and services sold 701,722 663,442 1,396,739 1,335,723
Commodity derivative fair value gains (losses)        
Revenue and other:        
Total revenue 53,409 (5,585) (18,262) 3,861
Marketing        
Revenue and other:        
Total revenue 33,743 49,418 59,301 97,938
Operating expenses:        
Cost of goods and services sold 51,988 70,807 94,758 130,620
Amortization of deferred revenue, VPP        
Revenue and other:        
Total revenue 6,298 6,739 12,528 13,477
Other revenue and income        
Revenue and other:        
Total revenue 833 865 1,651 1,720
Exploration        
Operating expenses:        
Cost of goods and services sold $ 648 $ 643 $ 1,316 $ 1,245

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