Annual report pursuant to Section 13 and 15(d)

Condensed Consolidating Financial Information - Statements of Operations (Details)

v3.19.3.a.u2
Condensed Consolidating Financial Information - Statements of Operations (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenue and other:                      
Revenues from contracts with customers                 $ 3,940,558 $ 4,133,139 $ 3,018,685
Commodity derivative fair value gains (losses)                 463,972 (87,594) 658,283
Marketing derivative fair value gains (losses)                 0 94,081 (21,394)
Gain on sale of assets                 (951)    
Total revenue and other $ 952,738 $ 1,118,881 $ 1,299,664 $ 1,037,407 $ 1,045,649 $ 1,076,532 $ 989,344 $ 1,028,101 4,408,690 4,139,626 3,655,574
Operating expenses:                      
Water earnout                 125,000    
Production and ad valorem taxes                 125,142 126,474 94,521
Impairment of oil and gas properties                 1,300,444 549,437 159,598
Impairment of midstream assets                 14,782 9,658 23,431
Impairment of equity investments                 (467,590)    
Impairment of gathering systems and facilities                     23,431
Depletion, depreciation, and amortization                 914,867 972,465 824,610
Accretion of asset retirement obligations                 3,762 2,819 2,610
General and administrative                 178,696 240,344 251,196
Contract termination and rig stacking                 14,026    
Total operating expenses 1,020,194 2,104,759 1,199,668 1,071,114 1,092,279 1,071,728 1,022,107 881,607 5,395,735 4,067,721 2,915,481
Operating income (loss) (67,456) (985,878) 99,996 (33,707) (46,630) 4,804 (32,763) 146,494 (987,045) 71,905 740,093
Equity in earnings (loss) of unconsolidated affiliates                 (143,216) 40,280 20,194
Interest expense, net                 (228,111) (286,743) (268,701)
Gain (loss) on early extinguishment of debt                 36,419   (1,500)
Gain on deconsolidation of Antero Midstream Partners LP       1,406,042         1,406,042    
Total other income (expenses)                 619,799 (246,463) (250,007)
Income (loss) before                 (367,246) (174,558) 490,086
Provision for income tax benefit                 74,110 128,857 295,051
Net income (loss) and comprehensive income (loss) including noncontrolling interests (482,196) (878,864) 42,168 1,025,756 18,736 (77,972) (67,275) 80,810 (293,136) (45,701) 785,137
Net income and comprehensive income attributable to noncontrolling interests       46,993 140,282 76,447 69,110 65,977 46,993 351,816 170,067
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation $ (482,196) $ (878,864) $ 42,168 $ 978,763 $ (121,546) $ (154,419) $ (136,385) $ 14,833 (340,129) (397,517) 615,070
Natural gas sales                      
Revenue and other:                      
Revenues from contracts with customers                 2,247,162 2,287,939 1,769,284
Natural gas liquids sales                      
Revenue and other:                      
Revenues from contracts with customers                 1,219,162 1,177,777 870,441
Oil sales                      
Revenue and other:                      
Revenues from contracts with customers                 177,549 187,178 108,195
Gathering, compression, water handling and treatment                      
Revenue and other:                      
Revenues from contracts with customers                 4,478 21,344 12,720
Operating expenses:                      
Cost of goods and services sold                 2,146,647 1,339,358 1,095,639
Marketing                      
Revenue and other:                      
Revenues from contracts with customers                 292,207 458,901 258,045
Operating expenses:                      
Cost of goods and services sold                 549,814 686,055 366,281
Exploration                      
Operating expenses:                      
Cost of goods and services sold                 884 4,958 8,538
Lease operating                      
Operating expenses:                      
Cost of goods and services sold                 145,720 136,153 89,057
Other income                      
Revenue and other:                      
Revenues from contracts with customers                 4,160    
Reportable legal entity | Parent (Antero)                      
Revenue and other:                      
Commodity derivative fair value gains (losses)                 463,972 (87,594) 658,283
Marketing derivative fair value gains (losses)                   94,081 (21,394)
Gain on sale of assets                 (951)    
Total revenue and other                 4,405,862 4,031,065 3,660,212
Operating expenses:                      
Water earnout                 125,000    
Production and ad valorem taxes                 124,202 122,305 90,832
Impairment of oil and gas properties                 1,300,444 549,437 159,598
Impairment of midstream assets                 7,800 4,470  
Impairment of equity investments                 (143,090)    
Depletion, depreciation, and amortization                 893,160 842,452 705,048
Accretion of asset retirement obligations                 3,699 2,684 2,610
General and administrative                 160,402 181,305 195,153
Contract termination and rig stacking                 14,026    
Change in fair value of contingent acquisition consideration                   (93,019) 13,476
Total operating expenses                 5,459,472 4,328,798 3,062,947
Operating income (loss)                 (1,053,610) (297,733) 597,265
Equity in earnings (loss) of unconsolidated affiliates                 (49,442)    
Interest expense, net                 (211,296) (224,977) (232,331)
Gain (loss) on early extinguishment of debt                 36,419   (1,205)
Equity in earnings (loss) of consolidated subsidiaries                 15,021 (3,664) (43,710)
Gain on deconsolidation of Antero Midstream Partners LP                 1,205,705    
Total other income (expenses)                 869,572 (228,641) (277,246)
Income (loss) before                 (184,038) (526,374) 320,019
Provision for income tax benefit                 74,110 128,857 295,051
Net income (loss) and comprehensive income (loss) including noncontrolling interests                 (109,928) (397,517) 615,070
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation                 (109,928) (397,517) 615,070
Reportable legal entity | Parent (Antero) | Natural gas sales                      
Revenue and other:                      
Revenues from contracts with customers                 2,247,162 2,287,939 1,769,975
Reportable legal entity | Parent (Antero) | Natural gas liquids sales                      
Revenue and other:                      
Revenues from contracts with customers                 1,219,162 1,177,777 870,441
Reportable legal entity | Parent (Antero) | Oil sales                      
Revenue and other:                      
Revenues from contracts with customers                 177,549 187,178 108,195
Reportable legal entity | Parent (Antero) | Gathering, compression, water handling and treatment                      
Operating expenses:                      
Cost of goods and services sold                 2,257,133 1,792,898 1,441,129
Reportable legal entity | Parent (Antero) | Marketing                      
Revenue and other:                      
Revenues from contracts with customers                 292,207 458,901 258,045
Operating expenses:                      
Cost of goods and services sold                 549,814 686,055 366,281
Reportable legal entity | Parent (Antero) | Exploration                      
Operating expenses:                      
Cost of goods and services sold                 884 4,958 8,538
Reportable legal entity | Parent (Antero) | Lease operating                      
Operating expenses:                      
Cost of goods and services sold                 146,957 142,234 93,758
Reportable legal entity | Parent (Antero) | Other income                      
Revenue and other:                      
Revenues from contracts with customers                 5,810 (87,217) 16,667
Reportable legal entity | Guarantor Subsidiaries                      
Operating expenses:                      
Impairment of equity investments                 (324,500)    
Equity in earnings (loss) of unconsolidated affiliates                 (106,038)    
Gain on deconsolidation of Antero Midstream Partners LP                 200,337    
Total other income (expenses)                 (230,201)    
Income (loss) before                 (230,201)    
Net income (loss) and comprehensive income (loss) including noncontrolling interests                 (230,201)    
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation                 (230,201)    
Reportable legal entity | Non-Guarantor Subsidiaries                      
Revenue and other:                      
Gain on sale of assets                   583  
Total revenue and other                 218,360 1,028,522 772,497
Operating expenses:                      
Production and ad valorem taxes                   4,169 3,689
Impairment of midstream assets                 6,982 5,771 23,431
Impairment of gathering systems and facilities                     23,431
Depletion, depreciation, and amortization                 21,707 130,013 119,562
Accretion of asset retirement obligations                 63 135  
General and administrative                 18,793 61,629 58,812
Accretion of contingent acquisition consideration                 1,928 (93,019)  
Change in fair value of contingent acquisition consideration                   93,019 (13,476)
Total operating expenses                 114,291 420,952 447,819
Operating income (loss)                 104,069 607,570 324,678
Equity in earnings (loss) of unconsolidated affiliates                 12,264 40,280 20,194
Interest expense, net                 (16,815) (61,906) (37,262)
Gain (loss) on early extinguishment of debt                     (295)
Total other income (expenses)                 (4,551) (21,626) (17,363)
Income (loss) before                 99,518 585,944 307,315
Net income (loss) and comprehensive income (loss) including noncontrolling interests                 99,518 585,944 307,315
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation                 99,518 585,944 307,315
Reportable legal entity | Non-Guarantor Subsidiaries | Gathering, compression, water handling and treatment                      
Revenue and other:                      
Revenues from contracts with customers                 218,360 1,027,939 772,497
Operating expenses:                      
Cost of goods and services sold                   49,550 39,147
Reportable legal entity | Non-Guarantor Subsidiaries | Lease operating                      
Operating expenses:                      
Cost of goods and services sold                 64,818 262,704 189,702
Eliminations                      
Revenue and other:                      
Gain on sale of assets                   (583)  
Total revenue and other                 (215,532) (919,961) (777,135)
Operating expenses:                      
Production and ad valorem taxes                 940    
Impairment of midstream assets                   (583)  
General and administrative                 (499) (2,590) (2,769)
Accretion of contingent acquisition consideration                 (1,928) 93,019  
Change in fair value of contingent acquisition consideration                     13,476
Total operating expenses                 (178,028) (682,029) (595,285)
Operating income (loss)                 (37,504) (237,932) (181,850)
Interest expense, net                   140 892
Equity in earnings (loss) of consolidated subsidiaries                 (15,021) 3,664 43,710
Total other income (expenses)                 (15,021) 3,804 44,602
Income (loss) before                 (52,525) (234,128) (137,248)
Net income (loss) and comprehensive income (loss) including noncontrolling interests                 (52,525) (234,128) (137,248)
Net income and comprehensive income attributable to noncontrolling interests                 46,993 351,816 170,067
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation                 (99,518) (585,944) (307,315)
Eliminations | Natural gas sales                      
Revenue and other:                      
Revenues from contracts with customers                     (691)
Eliminations | Gathering, compression, water handling and treatment                      
Revenue and other:                      
Revenues from contracts with customers                 (213,882) (1,006,595) (759,777)
Operating expenses:                      
Cost of goods and services sold                 (110,486) (503,090) (384,637)
Eliminations | Lease operating                      
Operating expenses:                      
Cost of goods and services sold                 (66,055) (268,785) (194,403)
Eliminations | Other income                      
Revenue and other:                      
Revenues from contracts with customers                 $ (1,650) $ 87,217 $ (16,667)