Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations and Comprehensive Income (Loss)

v2.4.1.9
Consolidated Statements of Operations and Comprehensive Income (Loss) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenue:    
Natural gas sales $ 314,942us-gaap_NaturalGasProductionRevenue $ 312,336us-gaap_NaturalGasProductionRevenue
Natural gas liquids sales 78,786ar_NaturalGasLiquidsRevenues 73,928ar_NaturalGasLiquidsRevenues
Oil sales 12,457ar_OilRevenue 24,122ar_OilRevenue
Gathering, compression and water distribution 6,168ar_WaterDistributionAndGatheringRevenue 3,524ar_WaterDistributionAndGatheringRevenue
Marketing 57,780ar_MarketingRevenue 3,226ar_MarketingRevenue
Commodity derivative fair value gains (losses) 759,554us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet (248,929)us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
Total revenue 1,229,687us-gaap_Revenues 168,207us-gaap_Revenues
Operating expenses:    
Lease operating 8,102us-gaap_OilAndGasProductionExpense 4,869us-gaap_OilAndGasProductionExpense
Gathering, compression, processing, and transportation 163,662us-gaap_GasGatheringTransportationMarketingAndProcessingCosts 83,510us-gaap_GasGatheringTransportationMarketingAndProcessingCosts
Production and ad valorem taxes 24,218us-gaap_TaxesExcludingIncomeAndExciseTaxes 21,039us-gaap_TaxesExcludingIncomeAndExciseTaxes
Marketing 73,349ar_MarketingExpenses 11,981ar_MarketingExpenses
Exploration 1,371us-gaap_ExplorationExpense 6,997us-gaap_ExplorationExpense
Impairment of unproved properties 8,577us-gaap_ImpairmentOfOilAndGasProperties 1,397us-gaap_ImpairmentOfOilAndGasProperties
Depletion, depreciation, and amortization 182,300us-gaap_DepreciationDepletionAndAmortization 91,206us-gaap_DepreciationDepletionAndAmortization
Accretion of asset retirement obligations 400us-gaap_AssetRetirementObligationAccretionExpense 302us-gaap_AssetRetirementObligationAccretionExpense
General and administrative (including equity-based compensation expense of $29,137 and $27,783 iin 2014 and 2015, respectively) 59,049us-gaap_GeneralAndAdministrativeExpense 50,985us-gaap_GeneralAndAdministrativeExpense
Contract termination and rig stacking 8,965ar_ContractTerminationAndRigStacking  
Total operating expenses 529,993us-gaap_OperatingExpenses 272,286us-gaap_OperatingExpenses
Operating income 699,694us-gaap_OperatingIncomeLoss (104,079)us-gaap_OperatingIncomeLoss
Other expenses:    
Interest (53,185)us-gaap_InterestExpense (31,342)us-gaap_InterestExpense
Income (loss) before income taxes 646,509us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (135,421)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Provision for income tax expense (247,338)us-gaap_IncomeTaxExpenseBenefit 40,662us-gaap_IncomeTaxExpenseBenefit
Net income (loss) and comprehensive income (loss) including noncontrolling interest 399,171us-gaap_ProfitLoss (94,759)us-gaap_ProfitLoss
Net income and comprehensive income attributable to noncontrolling interest 4,740us-gaap_NetIncomeLossAttributableToNoncontrollingInterest  
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation $ 394,431us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ (94,759)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Earnings (loss) per common share:    
Earnings (loss) per common share $ 1.49us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ (0.36)us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Earnings (loss) per common share—assuming dilution    
Earnings (loss) per common share--assuming dilution $ 1.49us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ (0.36)us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Weighted average number of shares outstanding    
Basic (in dollars per share) 265,294,794us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 262,049,659us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in dollars per share) 265,300,080us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 262,049,659us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding