v3.24.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue and other:        
Total revenue $ 978,654 $ 953,305 $ 2,100,925 $ 2,361,653
Operating expenses:        
Lease operating 29,759 28,748 58,880 58,069
Production and ad valorem taxes 41,933 36,158 100,101 85,434
General and administrative (including equity-based compensation expense) 59,428 53,901 115,290 111,162
Depletion, depreciation and amortization 170,536 171,406 343,590 338,988
Impairment of property and equipment 313 15,710 5,503 31,270
Accretion of asset retirement obligations 780 1,204 1,556 2,082
Contract termination and loss contingency 3,009 4,441 5,048 33,991
Loss (gain) on sale of assets (18) (220) 170 (311)
Other operating expense 11   28 225
Total operating expenses 1,040,643 1,042,241 2,097,754 2,119,099
Operating income (loss) (61,989) (88,936) 3,171 242,554
Other income (expense):        
Interest expense, net (32,681) (27,928) (62,868) (53,628)
Equity in earnings of unconsolidated affiliate 20,881 19,098 44,228 36,779
Loss on convertible note inducement       (86)
Total other expense (11,800) (8,830) (18,640) (16,935)
Income (loss) before income taxes (73,789) (97,766) (15,469) 225,619
Income tax benefit (expense) 13,334 29,833 3,301 (32,350)
Net income (loss) and comprehensive income (loss) including noncontrolling interests (60,455) (67,933) (12,168) 193,269
Less: net income and comprehensive income attributable to noncontrolling interests 5,208 15,151 17,150 62,922
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation $ (65,663) $ (83,084) $ (29,318) $ 130,347
Net income (loss) per common share-basic (in dollars per share) $ (0.21) $ (0.28) $ (0.10) $ 0.44
Net income (loss) per common share-diluted (in dollars per share) $ (0.21) $ (0.28) $ (0.10) $ 0.42
Weighted average number of common shares outstanding:        
Basic (in shares) 310,806 300,141 307,875 298,461
Diluted (in shares) 310,806 300,141 307,875 311,488
Natural gas sales        
Revenue and other:        
Total revenue $ 374,568 $ 437,130 $ 848,701 $ 1,105,445
Natural gas liquids sales        
Revenue and other:        
Total revenue 489,191 397,733 1,007,053 893,168
Oil sales        
Revenue and other:        
Total revenue 63,458 57,962 128,175 109,773
Gathering, compression, processing and transportation        
Operating expenses:        
Cost of goods and services sold 663,442 663,975 1,335,723 1,309,147
Commodity derivative fair value gains (losses)        
Revenue and other:        
Total revenue (5,585) 8,284 3,861 134,476
Marketing        
Revenue and other:        
Total revenue 49,418 43,793 97,938 102,322
Operating expenses:        
Cost of goods and services sold 70,807 66,175 130,620 147,536
Amortization of deferred revenue, VPP        
Revenue and other:        
Total revenue 6,739 7,618 13,477 15,151
Other revenue and income        
Revenue and other:        
Total revenue 865 785 1,720 1,318
Exploration        
Operating expenses:        
Cost of goods and services sold $ 643 $ 743    
Exploration and mine expenses        
Operating expenses:        
Cost of goods and services sold     $ 1,245 $ 1,506

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