Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations and Comprehensive Income (Loss)

v3.3.0.814
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenue:        
Natural gas sales $ 253,975 $ 310,390 $ 810,982 $ 936,877
Natural gas liquids sales 50,092 91,111 188,403 244,807
Oil sales 20,138 29,304 55,627 89,059
Gathering, compression and water distribution 4,426 4,875 15,084 11,964
Marketing 35,633 17,835 143,242 23,048
Commodity derivative fair value losses 1,079,071 308,975 1,836,398 (63,720)
Total revenue 1,443,335 762,490 3,049,736 1,242,035
Operating expenses:        
Lease operating 10,786 8,680 25,561 18,570
Gathering, compression, processing, and transportation 160,302 128,531 490,633 315,878
Production and ad valorem taxes 10,721 21,726 57,458 64,123
Marketing 61,799 32,192 214,201 58,119
Exploration 1,087 7,476 3,086 21,176
Impairment of unproved properties 8,754 4,542 43,670 7,895
Depletion, depreciation, and amortization 188,667 124,624 548,013 320,984
Accretion of asset retirement obligations 419 320 1,227 931
General and administrative (including equity-based compensation expense of $32,474 and $27,582 for the three months ended 2014 and 2015, respectively and $61,611 and $55,365 for the six months ended 2014 and 2015 respectively) 59,685 53,000 177,925 162,342
Contract termination and rig stacking     10,902  
Total operating expenses 502,220 381,091 1,572,676 970,018
Operating income (loss) 941,115 381,399 1,477,060 272,017
Other expenses:        
Interest (60,921) (42,455) (173,929) (111,057)
Loss on early extinguishment of debt       (20,386)
Total other expenses (60,921)   (173,929) (131,443)
Income (loss) from continuing operations before income taxes and discontinued operations 880,194 338,944 1,303,131 140,574
Provision for income tax (expense) benefit (335,460) (135,035) (498,709) (75,919)
Income (loss) from continuing operations     804,422 64,655
Discontinued Operations:        
Income from sale of discontinued operations, net of income tax expense       2,210
Net income (loss) and comprehensive income (loss) including noncontrolling interest 544,734 203,909 804,422 66,865
Net income and comprehensive income attributable to noncontrolling interest 10,892   21,522  
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation $ 533,842 $ 203,909 $ 782,900 $ 66,865
Earnings (loss) per common share:        
Continuing operations (in dollars per share) $ 1.93 $ 0.78 $ 2.87 $ 0.25
Discontinued operations (in dollars per share)       0.01
Total (in dollars per share)     2.87 0.26
Earnings (loss) per common share assuming dilution        
Continuing operation (in dollars per share) $ 1.93 $ 0.78 2.87 0.25
Discontinued operations (in dollars per share)       0.01
Total (in dollars per share)     $ 2.87 $ 0.26
Weighted average number of shares outstanding        
Basic (in shares) 277,007,427 262,049,948 273,144,573 262,049,756
Diluted (in shares) 277,014,756 262,069,878 273,153,965 262,066,632