Quarterly report pursuant to Section 13 or 15(d)

Reportable Segments (Tables)

v3.21.1
Reportable Segments (Tables)
3 Months Ended
Mar. 31, 2021
Reportable Segments  
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, 2020 and 2021 (in thousands):

Three Months Ended March 31, 2020

Equity Method

Elimination of

Investment in

Intersegment

Exploration

Antero

Transactions and

and

Midstream

Unconsolidated

Consolidated

 

Production

 

Marketing

 

Corporation

 

Affiliates

 

Total

Sales and revenues:

Third-party

$

1,270,234

46,073

1,316,307

Intersegment

 

798

243,708

(243,708)

798

Total

$

1,271,032

46,073

243,708

(243,708)

1,317,105

Operating expenses:

Lease operating

$

25,644

25,644

Gathering, compression, processing, and transportation

588,624

55,908

(55,908)

588,624

Impairment of oil and gas properties

89,220

89,220

Impairment of midstream assets

664,544

(664,544)

Depletion, depreciation, and amortization

199,677

27,343

(27,343)

199,677

General and administrative

31,221

13,537

(13,537)

31,221

Other

27,013

93,273

4,836

(4,836)

120,286

Total

961,399

93,273

766,168

(766,168)

1,054,672

Operating income (loss)

$

309,633

(47,200)

(522,460)

522,460

262,433

Equity in earnings (loss) of unconsolidated affiliates

$

(128,055)

19,077

(19,077)

(128,055)

Investments in unconsolidated affiliates

$

291,989

716,778

(716,778)

291,989

Segment assets

$

14,516,150

9,639

5,781,359

(5,781,359)

14,525,789

Capital expenditures for segment assets

$

311,611

67,983

(67,983)

311,611

Three Months Ended March 31, 2021

Equity Method

Elimination of

Investment in

Intersegment

Exploration

Antero

Transactions and

and

Midstream

Unconsolidated

Consolidated

 

Production

 

Marketing

 

Corporation

 

Affiliates

 

Total

Sales and revenues:

Third-party

$

1,038,768

164,790

1,203,558

Intersegment

 

640

224,121

(224,121)

640

Total

$

1,039,408

164,790

224,121

(224,121)

1,204,198

Operating expenses:

Lease operating

$

24,547

24,547

Gathering, compression, processing, and transportation

605,077

39,314

(39,314)

605,077

Impairment of oil and gas properties

34,062

34,062

Impairment of midstream assets

1,379

(1,379)

Depletion, depreciation, and amortization

194,026

26,850

(26,850)

194,026

General and administrative

44,074

17,930

(17,930)

44,074

Other

45,795

162,077

5,061

(5,061)

207,872

Total

947,581

162,077

90,534

(90,534)

1,109,658

Operating income

$

91,827

2,713

133,587

(133,587)

94,540

Equity in earnings of unconsolidated affiliates

$

18,694

20,744

(20,744)

18,694

Investments in unconsolidated affiliates

$

241,158

712,069

(712,069)

241,158

Segment assets

$

13,000,382

5,546,760

(5,546,760)

13,000,382

Capital expenditures for segment assets

$

123,158

28,389

(28,389)

123,158