Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Information (Unaudited) (Tables)

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Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information (Unaudited)  
Schedule of quarterly financial information

The Company’s quarterly consolidated financial information for the years ended December 31, 2018 and 2019 is summarized in the tables below (in thousands, except per share amounts). The Company’s quarterly operating results are affected by the volatility of commodity prices and the resulting effect on our production revenues and the fair value of commodity derivatives.

First

Second

Third

Fourth

 

quarter

quarter

quarter

quarter

Year Ended December 31, 2018:

Total operating revenues

$

1,028,101

 

989,344

 

1,076,532

 

1,045,649

Total operating expenses

 

881,607

 

1,022,107

 

1,071,728

 

1,092,279

Operating income (loss)

 

146,494

 

(32,763)

 

4,804

 

(46,630)

Net income (loss) and comprehensive income (loss) including noncontrolling interest

80,810

 

(67,275)

 

(77,972)

 

18,736

Net income attributable to noncontrolling interest

65,977

 

69,110

 

76,447

 

140,282

Net income (loss) attributable to Antero Resources Corporation

 

14,833

 

(136,385)

 

(154,419)

 

(121,546)

 

 

 

Earnings (loss) per common share—basic

$

0.05

 

(0.43)

 

(0.49)

 

(0.39)

Earnings (loss) per common share—assuming dilution

$

0.05

 

(0.43)

 

(0.49)

 

(0.39)

First

Second

Third

Fourth

 

quarter

quarter

quarter

quarter

 

Year Ended December 31, 2019:

Total operating revenues

$

1,037,407

1,299,664

1,118,881

 

952,738

Total operating expenses

 

1,071,114

1,199,668

2,104,759

 

1,020,194

Operating income (loss)

 

(33,707)

 

99,996

 

(985,878)

 

(67,456)

Gain on deconsolidation of Antero Midstream Partners LP

1,406,042

Net income (loss) and comprehensive income (loss) including noncontrolling interest

1,025,756

42,168

(878,864)

 

(482,196)

Net income attributable to noncontrolling interest

46,993

 

Net income (loss) attributable to Antero Resources Corporation

 

978,763

 

42,168

 

(878,864)

 

(482,196)

 

 

 

Earnings (loss) per common share

$

3.17

 

0.14

 

(2.86)

 

(1.61)

Earnings (loss) per common share—diluted

$

3.17

 

0.14

 

(2.86)

 

(1.61)