Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.19.1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2019
Segment Information  
Schedule of operating results and assets of reportable segments

The operating results and assets of the Company’s reportable segments were as follows for the three months ended March 31, 2018 and 2019 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Exploration
and
production

    

Marketing

    

Antero Midstream Corporation

    

Elimination of
intersegment
transactions

    

Consolidated
total

 

Three months ended March 31, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

Sales and revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Third-party

 

$

784,543

 

238,623

 

4,935

 

 —

 

1,028,101

 

Intersegment

 

 

5,875

 

 —

 

224,656

 

(230,531)

 

 —

 

Total

 

$

790,418

 

238,623

 

229,591

 

(230,531)

 

1,028,101

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Lease operating

 

$

31,262

 

 —

 

54,872

 

(59,412)

 

26,722

 

Gathering, compression, processing, and transportation

 

 

384,345

 

 —

 

11,368

 

(103,775)

 

291,938

 

Depletion, depreciation, and amortization

 

 

195,588

 

 —

 

32,656

 

 —

 

228,244

 

General and administrative

 

 

46,420

 

 —

 

14,455

 

(845)

 

60,030

 

Other

 

 

77,884

 

195,739

 

4,924

 

(3,874)

 

274,673

 

Total

 

 

735,499

 

195,739

 

118,275

 

(167,906)

 

881,607

 

Operating income

 

$

54,919

 

42,884

 

111,316

 

(62,625)

 

146,494

 

Equity in earnings of unconsolidated affiliates

 

$

 —

 

 —

 

7,862

 

 —

 

7,862

 

Segment assets

 

$

13,200,108

 

41,548

 

3,151,024

 

(969,831)

 

15,422,849

 

Capital expenditures for segment assets

 

$

472,767

 

 —

 

133,955

 

(60,759)

 

545,963

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Exploration
and
production

    

Marketing

    

Equity Method Investment in Antero Midstream Corporation

    

Elimination of

intersegment

transactions and

unconsolidated

affiliates

    

Consolidated
total

Three months ended March 31, 2019:

 

 

 

 

 

 

 

 

 

 

 

Sales and revenues:

 

 

 

 

 

 

 

 

 

 

 

Third-party

 

$

941,635

 

91,186

 

 4

 

 —

 

1,032,825

Intersegment

 

 

1,758

 

 —

 

54,104

 

(51,280)

 

4,582

Total

 

$

943,393

 

91,186

 

54,108

 

(51,280)

 

1,037,407

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

Lease operating

 

$

42,969

 

 —

 

11,815

 

(13,052)

 

41,732

Gathering, compression, processing, and transportation

 

 

535,015

 

 —

 

2,935

 

(113,421)

 

424,529

Impairment of unproved properties

 

 

81,244

 

 —

 

 —

 

 —

 

81,244

Impairment of gathering systems and facilities

 

 

 —

 

 —

 

6,982

 

 —

 

6,982

Depletion, depreciation, and amortization

 

 

218,494

 

 —

 

7,650

 

14,057

 

240,201

General and administrative

 

 

49,908

 

 —

 

2,184

 

16,110

 

68,202

Other

 

 

44,137

 

163,084

 

1,291

 

(288)

 

208,224

Total

 

 

971,767

 

163,084

 

32,857

 

(96,594)

 

1,071,114

Operating income (loss)

 

$

(28,374)

 

(71,898)

 

21,251

 

45,314

 

(33,707)

Equity in earnings of unconsolidated affiliates

 

$

1,817

 

 —

 

2,880

 

9,384

 

14,081

Investments in unconsolidated affiliates

 

$

1,989,612

 

 —

 

1,153,943

 

(1,153,943)

 

1,989,612

Segment assets

 

$

17,263,369

 

25,361

 

6,660,325

 

(6,660,325)

 

17,288,730

Capital expenditures for segment assets

 

$

399,278

 

 —

 

16,005

 

56,650

 

471,933