XML 23 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenue:              
Natural gas sales $ 172,332 $ 44,688 $ 294,278 $ 89,822 $ 259,743 $ 195,116 $ 47,392
Natural gas liquids sales 17,244   27,816   3,719    
Oil sales 2,085 277 2,962 325 1,520 173 39
Commodity derivative fair value gains 195,483 (6,040) 123,542 211,214 179,546 496,064 77,599
Gain on sale of gathering system       291,305 291,190    
Total revenue 387,144 38,925 448,598 592,666 735,718 691,353 125,030
Operating expenses:              
Lease operating expenses 1,454 1,866 2,525 2,559 6,243 4,608 1,158
Gathering, compression, processing, and transportation 48,670 20,079 89,640 31,654 91,094 37,315 9,237
Production taxes 10,108 3,371 18,727 7,113 20,210 11,915 2,885
Exploration expenses 7,300 2,952 11,662 4,756 14,675 4,034 2,350
Impairment of unproved properties 4,803 1,295 6,359 1,581 12,070 4,664 6,076
Depletion, depreciation and amortization 52,589 22,321 92,953 38,431 102,026 55,716 18,522
Accretion of asset retirement obligations 267 24 531 46 101 76 11
General and administrative 13,567 10,473 26,284 19,646 45,284 33,342 21,952
Total operating expenses 138,758 62,381 248,681 105,786 291,703 160,370 64,735
Operating income (loss) 248,386 (23,456) 199,917 486,880 444,015 530,983 60,295
Interest expense (33,468) (24,223) (63,396) (48,593) (97,510) (74,404) (56,463)
Income (loss) from continuing operations before income taxes and discontinued operations 214,918 (47,679) 136,521 438,287 346,505 456,485 1,155
Income tax (expense) benefit (83,725) 14,442 (53,325) (183,969) (121,229) (185,297) (939)
Income (loss) from continuing operations 131,193 (33,237) 83,196 254,318 225,276 271,188 216
Discontinued operations:              
Loss from results of operations and sale of discontinued operations   (444,850)   (404,674) (510,345) 121,490 228,412
Net income (loss) and comprehensive income (loss) attributable to Antero equity owners $ 131,193 $ (478,087) $ 83,196 $ (150,356) $ (285,069) $ 392,678 $ 228,628
Pro forma earnings (loss) per common share - basic              
Continuing operations (in dollars per share) $ 0.52 $ (0.13) $ 0.33 $ 1.00 $ 0.89 $ 1.06  
Discontinued operations (in dollars per share)   $ (1.75)   $ (1.59) $ (2.01) $ 0.48 $ 0.90
Net income (loss) (in dollars per share) $ 0.52 $ (1.88) $ 0.33 $ (0.59) $ (1.12) $ 1.54 $ 0.90
Pro forma earnings (loss) per common share - diluted              
Continuing operations (in dollars per share) $ 0.52 $ (0.13) $ 0.33 $ 1.00 $ 0.89 $ 1.06  
Discontinued operations (in dollars per share)   $ (1.75)   $ (1.59) $ (2.01) $ 0.48 $ 0.90
Net income (loss) (in dollars per share) $ 0.52 $ (1.88) $ 0.33 $ (0.59) $ (1.12) $ 1.54 $ 0.90
Pro forma weighted average number of shares outstanding:              
Basic (in shares) 254,375 254,375 254,375 254,375 254,375 254,375 254,375
Diluted (in shares) 254,375 254,375 254,375 254,375 254,375 254,375 254,375