Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

v3.7.0.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenue:    
Natural gas sales $ 466,664 $ 254,776
Natural gas liquids sales 194,652 73,065
Oil sales 26,960 10,179
Gathering, processing, and water handling and treatment 2,604 3,844
Marketing 65,924 99,216
Commodity derivative fair value gains (losses) 438,775 279,924
Total revenue and other 1,195,579 721,004
Operating expenses:    
Lease operating 15,551 11,293
Gathering, compression, processing, and transportation 266,829 208,738
Production and ad valorem taxes 24,793 19,284
Marketing 89,993 137,933
Exploration 2,107 1,014
Impairment of unproved properties 26,899 15,526
Depletion, depreciation, and amortization 202,729 191,582
Accretion of asset retirement obligations 637 598
General and administrative (including equity-based compensation expense of $23,470 and $25,503 in 2016 and 2017, respectively) 64,698 56,287
Total operating expenses 694,236 642,255
Operating income (loss) 501,343 78,749
Other income (expenses):    
Equity in earnings of unconsolidated affiliate 2,231  
Interest (66,670) (63,284)
Total other expenses (64,439) (63,284)
Income (loss) before income taxes 436,904 15,465
Provision for income tax (expense) benefit (131,346) (4,815)
Net income (loss) and comprehensive income (loss) including noncontrolling interest 305,558 10,650
Net income and comprehensive income attributable to noncontrolling interest 37,162 15,705
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation $ 268,396 $ (5,055)
Earnings (loss) per common share:    
Earnings (loss) per common share - basic (in dollars per share) $ 0.85 $ (0.02)
Earnings (loss) per common share assuming dilution:    
Earnings per common share—assuming dilution (in dollars per share) $ 0.85 $ (0.02)
Weighted average number of shares outstanding    
Basic (in shares) 314,954 277,050
Diluted (in shares) 315,769 277,050