| 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):
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Exploration
and
production
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Marketing
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Antero Midstream Corporation
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Elimination of
intersegment
transactions
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Consolidated
total
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Three months ended March 31, 2018:
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Sales and revenues:
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Third-party
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$
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784,543
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238,623
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4,935
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—
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1,028,101
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Intersegment
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5,875
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—
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224,656
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(230,531)
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—
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Total
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$
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790,418
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238,623
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229,591
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(230,531)
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1,028,101
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Operating expenses:
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Lease operating
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$
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31,262
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—
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54,872
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(59,412)
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26,722
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Gathering, compression, processing, and transportation
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384,345
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—
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11,368
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(103,775)
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291,938
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Depletion, depreciation, and amortization
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195,588
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—
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32,656
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—
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228,244
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General and administrative
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46,420
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—
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14,455
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(845)
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60,030
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Other
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77,884
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195,739
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4,924
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(3,874)
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274,673
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Total
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735,499
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195,739
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118,275
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(167,906)
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881,607
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Operating income
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$
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54,919
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42,884
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111,316
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(62,625)
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146,494
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Equity in earnings of unconsolidated affiliates
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$
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—
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—
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7,862
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—
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7,862
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Segment assets
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$
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13,200,108
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41,548
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3,151,024
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(969,831)
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15,422,849
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Capital expenditures for segment assets
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$
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472,767
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—
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133,955
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(60,759)
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545,963
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Exploration
and
production
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Marketing
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Equity Method Investment in Antero Midstream Corporation
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Elimination of
intersegment
transactions and
unconsolidated
affiliates
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Consolidated
total
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Three months ended March 31, 2019:
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Sales and revenues:
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Third-party
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$
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941,635
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91,186
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4
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—
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1,032,825
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Intersegment
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1,758
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—
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54,104
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(51,280)
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4,582
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Total
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$
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943,393
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91,186
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54,108
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(51,280)
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1,037,407
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Operating expenses:
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Lease operating
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$
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42,969
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—
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11,815
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(13,052)
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41,732
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Gathering, compression, processing, and transportation
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535,015
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—
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2,935
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(113,421)
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424,529
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Impairment of unproved properties
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81,244
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—
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—
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—
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81,244
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Impairment of gathering systems and facilities
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—
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—
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6,982
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—
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6,982
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Depletion, depreciation, and amortization
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218,494
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—
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7,650
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14,057
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240,201
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General and administrative
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49,908
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—
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2,184
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16,110
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68,202
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Other
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44,137
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163,084
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1,291
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(288)
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208,224
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Total
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971,767
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163,084
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32,857
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(96,594)
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1,071,114
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Operating income (loss)
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$
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(28,374)
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(71,898)
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21,251
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45,314
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(33,707)
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Equity in earnings of unconsolidated affiliates
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$
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1,817
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—
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2,880
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9,384
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14,081
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Investments in unconsolidated affiliates
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$
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1,989,612
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—
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1,153,943
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(1,153,943)
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1,989,612
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Segment assets
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$
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17,263,369
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25,361
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6,660,325
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(6,660,325)
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17,288,730
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Capital expenditures for segment assets
|
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$
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399,278
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—
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16,005
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56,650
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|
471,933
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