Income Statement Image
v3.19.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue and other:        
Revenues from contracts with customers $ 969,477 $ 934,118 $ 2,084,145 $ 1,845,548
Commodity derivative fair value gains (losses) 328,427 55,336 251,059 77,773
Marketing derivative fair value gains   (110)   94,124
Total revenue 1,299,664 989,344 2,337,071 2,017,445
Operating expenses:        
Production and ad valorem taxes 30,968 25,891 66,646 51,714
Impairment of oil and gas properties 130,999 134,437 212,243 184,973
Impairment of gathering systems and facilities   8,501 6,982 8,501
Depletion, depreciation, and amortization 242,302 238,050 482,503 466,294
Loss on sale of assets 951   951  
Accretion of asset retirement obligations 918 700 1,894 1,390
General and administrative 42,382 61,687 110,584 121,717
Contract termination and rig stacking 5,604   13,964  
Total operating expenses 1,199,668 1,022,107 2,270,782 1,903,714
Operating income (loss) 99,996 (32,763) 66,289 113,731
Other income (expenses):        
Equity in earnings (loss) of unconsolidated affiliates 13,585 9,264 27,666 17,126
Interest expense, net (54,164) (69,349) (126,114) (133,775)
Gain on deconsolidation of Antero Midstream Partners LP     1,406,042  
Total other expenses (40,579) (60,085) 1,307,594 (116,649)
Income (loss) before income taxes 59,417 (92,848) 1,373,883 (2,918)
Provision for income tax (expense) benefit (17,249) 25,573 (305,959) 16,453
Net income (loss) and comprehensive income (loss) including noncontrolling interests 42,168 (67,275) 1,067,924 13,535
Net income (loss) and comprehensive income (loss) attributable to noncontrolling interests   69,110 46,993 135,087
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation $ 42,168 $ (136,385) $ 1,020,931 $ (121,552)
Earnings (loss) per common share-basic (in dollars per share)        
Earnings (loss) per common share-basic (in dollars per share) $ 0.14 $ (0.43) $ 3.31 $ (0.38)
Earnings (loss) per common share-assuming dilution (in dollars per share)        
Earnings (loss) per common share-assuming dilution (in dollars per share) $ 0.14 $ (0.43) $ 3.30 $ (0.38)
Weighted average number of shares outstanding        
Basic (in shares) 309,062 316,992 308,879 316,733
Diluted (in shares) 309,137 316,992 309,082 316,733
Natural gas sales        
Revenue and other:        
Revenues from contracts with customers $ 553,372 $ 473,540 $ 1,210,638 $ 971,203
Natural gas liquids sales        
Revenue and other:        
Revenues from contracts with customers 303,963 255,985 617,648 490,155
Oil sales        
Revenue and other:        
Revenues from contracts with customers 49,062 38,873 97,114 69,146
Gathering, compression, water handling and treatment        
Revenue and other:        
Revenues from contracts with customers   5,518 4,479 10,453
Operating expenses:        
Cost of goods and services sold 566,834 307,786 991,363 599,724
Marketing        
Revenue and other:        
Revenues from contracts with customers 63,080 160,202 154,266 304,591
Operating expenses:        
Cost of goods and services sold 137,539 213,420 300,623 409,159
Other income        
Revenue and other:        
Revenues from contracts with customers 1,760   1,867  
Lease operating        
Operating expenses:        
Cost of goods and services sold 40,857 30,164 82,589 56,886
Exploration        
Operating expenses:        
Cost of goods and services sold $ 314 $ 1,471 $ 440 $ 3,356

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