Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

v3.19.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenue and other:    
Revenues from contracts with customers $ 1,114,668 $ 911,430
Commodity derivative fair value gains (losses) (77,368) 22,437
Marketing derivative fair value gains 91,186 94,234
Total revenue 1,037,407 1,028,101
Operating expenses:    
Production and ad valorem taxes 35,678 25,823
Impairment of unproved properties 81,244 50,536
Impairment of gathering systems and facilities 6,982  
Depletion, depreciation, and amortization 240,201 228,244
Accretion of asset retirement obligations 976 690
General and administrative (including equity-based compensation expense of $21,156 and $8,903 in 2018 and 2019, respectively) 68,202 60,030
Contract termination and rig stacking 8,360  
Total operating expenses 1,071,114 881,607
Operating income (loss) (33,707) 146,494
Other income (expenses):    
Equity in earnings of unconsolidated affiliates 14,081 7,862
Interest (71,950) (64,426)
Gain on deconsolidation of Antero Midstream Partners LP 1,406,042  
Total other expenses 1,348,173 (56,564)
Income before income taxes 1,314,466 89,930
Provision for income tax expense (288,710) (9,120)
Net income and comprehensive income including noncontrolling interests 1,025,756 80,810
Net income and comprehensive income attributable to noncontrolling interests 46,993 65,977
Net income and comprehensive income attributable to Antero Resources Corporation $ 978,763 $ 14,833
Earnings per common share:    
Earnings per common share - basic (in dollars per share) $ 3.17 $ 0.05
Earnings per common share assuming dilution:    
Earnings per common share—assuming dilution (in dollars per share) $ 3.17 $ 0.05
Weighted average number of shares outstanding    
Basic (in shares) 308,694 316,471
Diluted (in shares) 308,788 316,911
Natural gas sales    
Revenue and other:    
Revenues from contracts with customers $ 657,266 $ 497,663
Natural gas liquids sales    
Revenue and other:    
Revenues from contracts with customers 313,685 234,170
Oil sales    
Revenue and other:    
Revenues from contracts with customers 48,052 30,273
Gathering, compression, water handling and treatment    
Revenue and other:    
Revenues from contracts with customers 4,479 4,935
Operating expenses:    
Cost of goods and services sold 424,529 291,938
Marketing    
Revenue and other:    
Revenues from contracts with customers 91,186 144,389
Operating expenses:    
Cost of goods and services sold 163,084 195,739
Other income    
Revenue and other:    
Revenues from contracts with customers 107  
Lease operating    
Operating expenses:    
Cost of goods and services sold 41,732 26,722
Exploration    
Operating expenses:    
Cost of goods and services sold $ 126 $ 1,885