Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Loss

v3.21.1
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenue and other:    
Revenue $ 1,370,164 $ 750,474
Commodity derivative fair value gains (losses) (177,756) 565,833
Amortization of deferred revenue, VPP 11,150  
Total revenue 1,204,198 1,317,105
Operating expenses:    
Production and ad valorem taxes 44,697 25,699
Impairment of oil and gas properties 34,062 89,220
Depletion, depreciation, and amortization 194,026 199,677
Accretion of asset retirement obligations 788 1,104
General and administrative (including equity-based compensation expense of $3,329 and $5,642 in 2020 and 2021, respectively) 44,074 31,221
Contract termination and rig stacking 91  
Total operating expenses 1,109,658 1,054,672
Operating income 94,540 262,433
Other income (expense):    
Interest expense, net (42,743) (53,102)
Equity in earnings (loss) of unconsolidated affiliates 18,694 (128,055)
Gain (loss) on early extinguishment of debt (43,204) 80,561
Loss on convertible note equitization (39,046)  
Impairment of equity method investment   (610,632)
Transaction expense (2,291)  
Total other expenses (108,590) (711,228)
Loss before income taxes (14,050) (448,795)
Provision for income tax benefit 2,946 109,985
Net loss and comprehensive loss including noncontrolling interests (11,104) (338,810)
Less: net income and comprehensive income attributable to noncontrolling interests 4,395  
Net loss and comprehensive loss attributable to Antero Resources Corporation $ (15,499) $ (338,810)
Loss per share-basic (in dollars per share) $ (0.05) $ (1.19)
Loss per share-diluted (in dollars per share) $ (0.05) $ (1.19)
Weighted average number of shares outstanding:    
Basic (in shares) 296,746 284,227
Diluted (in shares) 296,746 284,227
Natural gas sales    
Revenue and other:    
Revenue $ 720,369 $ 411,082
Natural gas liquids sales    
Revenue and other:    
Revenue 440,319 257,673
Oil sales    
Revenue and other:    
Revenue 44,686 35,646
Gathering, compression, water handling and treatment    
Operating expenses:    
Cost of goods and services sold 605,077 588,624
Marketing    
Revenue and other:    
Revenue 164,790 46,073
Operating expenses:    
Cost of goods and services sold 162,077 93,273
Other income    
Revenue and other:    
Revenue 640 798
Lease operating    
Operating expenses:    
Cost of goods and services sold 24,547 25,644
Exploration    
Operating expenses:    
Cost of goods and services sold $ 219 $ 210