Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

v3.10.0.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenue:        
Revenues from contracts with customers $ 934,118 $ 704,748 $ 1,845,548 $ 1,461,552
Marketing derivative gains (losses) (110)   94,124  
Commodity derivative fair value gains 55,336 85,641 77,773 524,416
Total revenue and other 989,344 790,389 2,017,445 1,985,968
Operating expenses:        
Production and ad valorem taxes 25,891 22,553 51,714 47,346
Impairment of unproved properties 134,437 15,199 184,973 42,098
Impairment of gathering systems and facilities 8,501   8,501  
Depletion, depreciation, and amortization 238,050 201,182 466,294 403,911
Accretion of asset retirement obligations 700 649 1,390 1,286
General and administrative 61,687 64,099 121,717 128,797
Total operating expenses 1,022,107 666,646 1,903,714 1,360,882
Operating income (loss) (32,763) 123,743 113,731 625,086
Other income (expenses):        
Equity in earnings of unconsolidated affiliates 9,264 3,623 17,126 5,854
Interest (69,349) (68,582) (133,775) (135,252)
Total other expenses (60,085) (64,959) (116,649) (129,398)
Income (loss) before income taxes (92,848) 58,784 (2,918) 495,688
Provision for income tax (expense) benefit 25,573 (18,819) 16,453 (150,165)
Net income (loss) and comprehensive income (loss) including noncontrolling interest (67,275) 39,965 13,535 345,523
Net income and comprehensive income attributable to noncontrolling interest 69,110 45,097 135,087 82,259
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation $ (136,385) $ (5,132) $ (121,552) $ 263,264
Earnings (loss) per common share:        
Earnings (loss) per common share - basic (in dollars per share) $ (0.43) $ (0.02) $ (0.38) $ 0.84
Earnings (loss) per common share assuming dilution:        
Earnings (loss) per common share—assuming dilution (in dollars per share) $ (0.43) $ (0.02) $ (0.38) $ 0.83
Weighted average number of shares outstanding        
Basic (in shares) 316,992 315,401 316,733 315,179
Diluted (in shares) 316,992 315,401 316,733 315,927
Natural gas sales        
Revenue:        
Revenues from contracts with customers $ 473,540 $ 454,257 $ 971,203 $ 920,921
Natural gas liquids sales        
Revenue:        
Revenues from contracts with customers 255,985 170,819 490,155 365,471
Oil sales        
Revenue:        
Revenues from contracts with customers 38,873 26,512 69,146 53,472
Gathering, compression, water handling and treatment        
Revenue:        
Revenues from contracts with customers 5,518 3,192 10,453 5,796
Operating expenses:        
Cost of goods and services sold 307,786 266,747 599,724 533,576
Oil and Gas, Operation and Maintenance        
Operating expenses:        
Cost of goods and services sold 30,164 16,992 56,886 32,543
Marketing        
Revenue:        
Revenues from contracts with customers 160,202 49,968 304,591 115,892
Operating expenses:        
Cost of goods and services sold 213,420 77,421 409,159 167,414
Exploration        
Operating expenses:        
Cost of goods and services sold $ 1,471 $ 1,804 $ 3,356 $ 3,911