Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information (Unaudited)

Quarterly Financial Information (Unaudited)

(15) Quarterly Financial Information (Unaudited)

The Company’s quarterly consolidated financial information for the years ended December 31, 2013 and 2014 is summarized in the following table (in thousands, except per share amounts).  The Company’s quarterly operating results are affected by the volatility of commodity prices and the resulting effect on our production revenues and the fair value of commodity derivatives.

	First quarter		Second quarter		Third quarter		Fourth quarter
Year Ended December 31, 2013:
Total operating revenues	$	61,454	$	387,144	$	384,522	$	480,014
Total operating expenses		109,923		138,758		161,914		561,332
Operating income (loss)		(48,469)		248,386		222,608		(81,318)
Income (loss) from continuing operations		(47,997)		131,193		117,794		(225,177)
Income from discontinued operations		—		—		3,100		2,157
Net income (loss) and comprehensive income (loss)		(47,997)		131,193		120,894		(223,020)
Earnings (loss) per common share:
Continuing operations	$	(0.18)	$	0.50	$	0.45	$	(0.86)
Discontinued operations		—		—		0.01		0.01
Net income (loss)	$	(0.18)	$	0.50	$	0.46	$	(0.85)
Earnings (loss) per common share—diluted:
Continuing operations	$	(0.18)	$	0.50	$	0.45	$	(0.86)
Discontinued operations		—		—		0.01		0.01
Net income (loss)	$	(0.18)	$	0.50	$	0.46	$	(0.85)

	First quarter		Second quarter		Third quarter		Fourth quarter
Year Ended December 31, 2014:
Total operating revenues	$	164,981	$	311,338	$	762,490	$	1,481,823
Total operating expenses		269,060		316,641		381,091		454,106
Operating income (loss)		(104,079)		(5,303)		381,399		1,027,717
Income (loss) from continuing operations		(94,759)		(44,495)		203,909		608,970
Income from discontinued operations		—		2,210		—		—
Net income (loss) and comprehensive income (loss)		(94,759)		(42,285)		203,909		608,970
Net income attributable to noncontrolling interest		—		—		—		2,248
Net income (loss) attributable to Antero Resources Corporation		(94,759)		(42,285)		203,909		606,722
Earnings (loss) per common share:
Continuing operations	$	(0.36)	$	(0.17)	$	0.78	$	2.31
Discontinued operations		—		0.01		—		—
Net income (loss)	$	(0.36)	$	(0.16)	$	0.78	$	2.31
Earnings (loss) per common share—diluted:
Continuing operations	$	(0.36)	$	(0.17)	$	0.78	$	2.31
Discontinued operations		—		0.01		—		—
Net income (loss)	$	(0.36)	$	(0.16)	$	0.78	$	2.31