Quarterly report pursuant to Section 13 or 15(d)

Subsidiary Guarantors - Statements of Operations (Details)

v3.19.2
Subsidiary Guarantors - Statements of Operations (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2018
Mar. 31, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue and other:            
Revenues from contracts with customers $ 969,477   $ 934,118   $ 2,084,145 $ 1,845,548
Commodity derivative fair value gains (losses) 328,427   55,336   251,059 77,773
Marketing derivative gains     (110)     94,124
Loss on sale of assets 951       951  
Total revenue 1,299,664   989,344   2,337,071 2,017,445
Operating expenses:            
Production and ad valorem taxes 30,968   25,891   66,646 51,714
Impairment of oil and gas properties 130,999   134,437   212,243 184,973
Impairment of gathering systems and facilities     8,501   6,982 8,501
Depletion, depreciation, and amortization 242,302   238,050   482,503 466,294
Accretion of asset retirement obligations 918   700   1,894 1,390
General and administrative 42,382   61,687   110,584 121,717
Contract termination and rig stacking 5,604       13,964  
Total operating expenses 1,199,668   1,022,107   2,270,782 1,903,714
Operating income (loss) 99,996   (32,763)   66,289 113,731
Equity in earnings (loss) of unconsolidated affiliates 13,585   9,264   27,666 17,126
Interest expense, net (54,164)   (69,349)   (126,114) (133,775)
Gain on deconsolidation of Antero Midstream Partners LP         1,406,042  
Total other expenses (40,579)   (60,085)   1,307,594 (116,649)
Income (loss) before income taxes 59,417   (92,848)   1,373,883 (2,918)
Provision for income tax (expense) benefit (17,249)   25,573   (305,959) 16,453
Net income (loss) and comprehensive income (loss) including noncontrolling interests 42,168 $ 1,025,756 (67,275) $ 80,810 1,067,924 13,535
Net income (loss) and comprehensive income (loss) attributable to noncontrolling interests     69,110   46,993 135,087
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation 42,168   (136,385)   1,020,931 (121,552)
Natural gas sales            
Revenue and other:            
Revenues from contracts with customers 553,372   473,540   1,210,638 971,203
Natural gas liquids sales            
Revenue and other:            
Revenues from contracts with customers 303,963   255,985   617,648 490,155
Oil sales            
Revenue and other:            
Revenues from contracts with customers 49,062   38,873   97,114 69,146
Gathering, compression, water handling and treatment            
Revenue and other:            
Revenues from contracts with customers     5,518   4,479 10,453
Operating expenses:            
Cost of goods and services sold 566,834   307,786   991,363 599,724
Marketing            
Revenue and other:            
Revenues from contracts with customers 63,080   160,202   154,266 304,591
Operating expenses:            
Cost of goods and services sold 137,539   213,420   300,623 409,159
Exploration            
Operating expenses:            
Cost of goods and services sold 314   1,471   440 3,356
Lease operating            
Operating expenses:            
Cost of goods and services sold 40,857   30,164   82,589 56,886
Other income            
Revenue and other:            
Revenues from contracts with customers 1,760       1,867  
Reportable legal entity | Parent (Antero)            
Revenue and other:            
Commodity derivative fair value gains (losses) 328,427   55,336   251,059 77,773
Marketing derivative gains     (110)     94,124
Loss on sale of assets 951       951  
Total revenue 1,299,664   989,005   2,334,243 2,018,046
Operating expenses:            
Production and ad valorem taxes 30,968   24,886   65,706 49,693
Impairment of oil and gas properties 130,999   134,437   212,243 184,973
Impairment of gathering systems and facilities     4,470     4,470
Depletion, depreciation, and amortization 242,302   201,617   460,796 397,429
Accretion of asset retirement obligations 918   666   1,831 1,322
General and administrative 42,382   46,662   92,290 93,082
Contract termination and rig stacking 5,604       13,964  
Accretion of contingent acquisition consideration           (7,821)
Total operating expenses 1,199,668   1,069,649   2,334,519 2,001,111
Operating income (loss) 99,996   (80,644)   (276) 16,935
Equity in earnings (loss) of unconsolidated affiliates 13,585       4,999  
Interest expense, net (54,164)   (54,388)   (109,299) (107,886)
Equity in earnings (loss) of consolidated subsidiaries     (26,926)   15,021 (47,054)
Gain on deconsolidation of Antero Midstream Partners LP         1,205,705  
Total other expenses (40,579)   (81,314)   1,116,426 (154,940)
Income (loss) before income taxes 59,417   (161,958)   1,116,150 (138,005)
Provision for income tax (expense) benefit (17,249)   25,573   (305,959) 16,453
Net income (loss) and comprehensive income (loss) including noncontrolling interests 42,168   (136,385)   810,191 (121,552)
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation 42,168   (136,385)   810,191 (121,552)
Reportable legal entity | Parent (Antero) | Natural gas sales            
Revenue and other:            
Revenues from contracts with customers 553,372   473,540   1,210,638 971,203
Reportable legal entity | Parent (Antero) | Natural gas liquids sales            
Revenue and other:            
Revenues from contracts with customers 303,963   255,985   617,648 490,155
Reportable legal entity | Parent (Antero) | Oil sales            
Revenue and other:            
Revenues from contracts with customers 49,062   38,873   97,114 69,146
Reportable legal entity | Parent (Antero) | Gathering, compression, water handling and treatment            
Operating expenses:            
Cost of goods and services sold 566,834   409,708   1,101,849 794,053
Reportable legal entity | Parent (Antero) | Marketing            
Revenue and other:            
Revenues from contracts with customers 63,080   160,202   154,266 304,591
Operating expenses:            
Cost of goods and services sold 137,539   213,420   300,623 409,159
Reportable legal entity | Parent (Antero) | Exploration            
Operating expenses:            
Cost of goods and services sold 314   1,471   440 3,356
Reportable legal entity | Parent (Antero) | Lease operating            
Operating expenses:            
Cost of goods and services sold 40,857   32,312   83,826 63,574
Reportable legal entity | Parent (Antero) | Other income            
Revenue and other:            
Revenues from contracts with customers $ 1,760   5,179   3,518 11,054
Reportable legal entity | Guarantor Subsidiaries            
Operating expenses:            
Equity in earnings (loss) of unconsolidated affiliates         10,403  
Gain on deconsolidation of Antero Midstream Partners LP         200,337  
Total other expenses         210,740  
Income (loss) before income taxes         210,740  
Net income (loss) and comprehensive income (loss) including noncontrolling interests         210,740  
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation         210,740  
Reportable legal entity | Non-Guarantor Subsidiaries            
Revenue and other:            
Loss on sale of assets     (583)     (583)
Total revenue     250,975   218,360 480,566
Operating expenses:            
Production and ad valorem taxes     1,005     2,021
Impairment of gathering systems and facilities     4,614   6,982 4,614
Depletion, depreciation, and amortization     36,433   21,707 68,865
Accretion of asset retirement obligations     34   63 68
General and administrative     15,494   18,793 29,949
Accretion of contingent acquisition consideration     3,947   1,928 7,821
Total operating expenses     136,145   114,291 254,196
Operating income (loss)     114,830   104,069 226,370
Equity in earnings (loss) of unconsolidated affiliates     9,264   12,264 17,126
Interest expense, net     (14,628)   (16,815) (25,925)
Total other expenses     (5,364)   (4,551) (8,799)
Income (loss) before income taxes     109,466   99,518 217,571
Net income (loss) and comprehensive income (loss) including noncontrolling interests     109,466   99,518 217,571
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation     109,466   99,518 217,571
Reportable legal entity | Non-Guarantor Subsidiaries | Gathering, compression, water handling and treatment            
Revenue and other:            
Revenues from contracts with customers     250,392   218,360 479,983
Operating expenses:            
Cost of goods and services sold     12,400     23,768
Reportable legal entity | Non-Guarantor Subsidiaries | Lease operating            
Operating expenses:            
Cost of goods and services sold     62,218   64,818 117,090
Eliminations            
Revenue and other:            
Loss on sale of assets     583     583
Total revenue     (250,636)   (215,532) (481,167)
Operating expenses:            
Production and ad valorem taxes         940  
Impairment of gathering systems and facilities     (583)     (583)
General and administrative     (469)   (499) (1,314)
Accretion of contingent acquisition consideration     (3,947)   (1,928) (7,821)
Total operating expenses     (183,687)   (178,028) (351,593)
Operating income (loss)     (66,949)   (37,504) (129,574)
Interest expense, net     (333)     36
Equity in earnings (loss) of consolidated subsidiaries     26,926   (15,021) 47,054
Total other expenses     26,593   (15,021) 47,090
Income (loss) before income taxes     (40,356)   (52,525) (82,484)
Net income (loss) and comprehensive income (loss) including noncontrolling interests     (40,356)   (52,525) (82,484)
Net income (loss) and comprehensive income (loss) attributable to noncontrolling interests     69,110   46,993 135,087
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation     (109,466)   (99,518) (217,571)
Eliminations | Gathering, compression, water handling and treatment            
Revenue and other:            
Revenues from contracts with customers     (244,874)   (213,881) (469,530)
Operating expenses:            
Cost of goods and services sold     (114,322)   (110,486) (218,097)
Eliminations | Lease operating            
Operating expenses:            
Cost of goods and services sold     (64,366)   (66,055) (123,778)
Eliminations | Other income            
Revenue and other:            
Revenues from contracts with customers     $ (5,179)   $ (1,651) $ (11,054)