Income Statement Image
v3.10.0.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenue:                      
Revenues from contracts with customers                 $ 4,133,139 $ 3,018,685 $ 2,161,071
Marketing derivative fair value gains (losses)                 94,081 (21,394)  
Commodity derivative fair value gains (losses)                 (87,594) 658,283 (514,181)
Gain on sale of assets                     97,635
Total revenue and other $ 1,045,649 $ 1,076,532 $ 989,344 $ 1,028,101 $ 1,021,726 $ 647,880 $ 790,389 $ 1,195,579 4,139,626 3,655,574 1,744,525
Operating expenses:                      
Production and ad valorem taxes                 126,474 94,521 66,588
Impairment of unproved properties                 549,437 159,598 162,935
Impairment of gathering systems and facilities                 9,658 23,431 0
Depletion, depreciation, and amortization                 972,465 824,610 809,873
Accretion of asset retirement obligations                 2,819 2,610 2,473
General and administrative                 240,344 251,196 239,324
Total operating expenses 1,092,279 1,071,728 1,022,107 881,607 834,667 719,932 666,646 694,236 4,067,721 2,915,481 2,720,326
Operating income (loss) (46,630) 4,804 (32,763) 146,494 187,059 (72,052) 123,743 501,343 71,905 740,093 (975,801)
Other income (expenses):                      
Equity in earnings of unconsolidated affiliates                 40,280 20,194 485
Interest                 (286,743) (268,701) (253,552)
Loss on early extinguishment of debt                   (1,500) (16,956)
Total other expenses                 (246,463) (250,007) (270,023)
Income (loss) before income taxes                 (174,558) 490,086 (1,245,824)
Provision for income tax benefit                 128,857 295,051 496,376
Net income (loss) and comprehensive income (loss) including noncontrolling interest 18,736 (77,972) (67,275) 80,810 529,614 (90,000) 39,965 305,558 (45,701) 785,137 (749,448)
Net income and comprehensive income attributable to noncontrolling interest 140,282 76,447 69,110 65,977 42,745 45,063 45,097 37,162 351,816 170,067 99,368
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation $ (121,546) $ (154,419) $ (136,385) $ 14,833 $ 486,869 $ (135,063) $ (5,132) $ 268,396 $ (397,517) $ 615,070 $ (848,816)
Earnings (loss) per common share:                      
Earnings (loss) per common share - basic (in dollars per share) $ (0.39) $ (0.49) $ (0.43) $ 0.05 $ 1.54 $ (0.43) $ (0.02) $ 0.85 $ (1.26) $ 1.95 $ (2.88)
Earnings (loss) per common share assuming dilution:                      
Earnings (loss) per common share—assuming dilution (in dollars per share) $ (0.39) $ (0.49) $ (0.43) $ 0.05 $ 1.54 $ (0.43) $ (0.02) $ 0.85 $ (1.26) $ 1.94 $ (2.88)
Weighted average number of shares outstanding                      
Basic (in shares)                 316,036 315,426 294,945
Diluted (in shares)                 316,036 316,283 294,945
Natural gas sales                      
Revenue:                      
Revenues from contracts with customers                 $ 2,287,939 $ 1,769,284 $ 1,260,750
Natural gas liquids sales                      
Revenue:                      
Revenues from contracts with customers                 1,177,777 870,441 432,992
Oil sales                      
Revenue:                      
Revenues from contracts with customers                 187,178 108,195 61,319
Gathering, compression, water handling and treatment                      
Revenue:                      
Revenues from contracts with customers                 21,344 12,720 12,961
Operating expenses:                      
Cost of goods and services sold                 1,339,358 1,095,639 882,838
Oil and Gas, Operation and Maintenance                      
Operating expenses:                      
Cost of goods and services sold                 136,153 89,057 50,090
Marketing                      
Revenue:                      
Revenues from contracts with customers                 458,901 258,045 393,049
Operating expenses:                      
Cost of goods and services sold                 686,055 366,281 499,343
Exploration                      
Operating expenses:                      
Cost of goods and services sold                 $ 4,958 $ 8,538 $ 6,862

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