Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations and Comprehensive Income (Loss)

v3.4.0.3
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenue:    
Natural gas sales $ 254,776 $ 314,942
Natural gas liquids sales 73,065 78,786
Oil sales 10,179 12,457
Gathering, compression and water distribution 3,844 6,168
Marketing 99,216 57,780
Commodity derivative fair value gains 279,924 759,554
Total revenue 721,004 1,229,687
Operating expenses:    
Lease operating 11,293 8,102
Gathering, compression, processing, and transportation 208,738 163,662
Production and ad valorem taxes 19,284 24,218
Marketing 137,933 73,349
Exploration 1,014 1,371
Impairment of unproved properties 15,526 8,577
Depletion, depreciation, and amortization 191,582 182,300
Accretion of asset retirement obligations 598 400
General and administrative (including equity-based compensation expense of $27,783 and $23,470 in 2015 and 2016, respectively) 56,287 59,049
Contract termination and rig stacking   8,965
Total operating expenses 642,255 529,993
Operating income 78,749 699,694
Other expenses:    
Interest (63,284) (53,185)
Total other expenses (63,284) (53,185)
Income before income taxes 15,465 646,509
Provision for income tax expense (4,815) (247,338)
Net income (loss) and comprehensive income (loss) including noncontrolling interest 10,650 399,171
Net income and comprehensive income attributable to noncontrolling interest 15,705 4,740
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation $ (5,055) $ 394,431
Earnings (loss) per common share:    
Continuing operations (in dollars per share) $ (0.02) $ 1.49
Earnings (loss) per common share assuming dilution:    
Continuing operation (in dollars per share) $ (0.02) $ 1.49
Weighted average number of shares outstanding    
Basic (in shares) 277,050,344 265,294,794
Diluted (in shares) 277,050,344 265,300,080