The Company’s quarterly consolidated financial information for the years ended December 31, 2014 and 2015 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, 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) including noncontrolling interest		(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


	First quarter		Second quarter		Third quarter		Fourth quarter
Year Ended December 31, 2015:
Total operating revenues	$	1,229,687	$	376,714	$	1,443,335	$	905,122
Total operating expenses		529,993		540,463		502,220		591,896
Operating income (loss)		699,694		(163,749)		941,115		313,226
Income (loss) from continuing operations		399,171		(139,483)		544,734		175,574
Net income (loss) and comprehensive income (loss) including noncontrolling interest		399,171		(139,483)		544,734		175,574
Net income attributable to noncontrolling interest		4,740		5,890		10,892		17,110
Net income (loss) attributable to Antero Resources Corporation		394,431		(145,373)		533,842		158,464

Earnings (loss) per common share	$	1.49	$	(0.52)	$	1.93	$	0.57

Earnings (loss) per common share—diluted	$	1.49	$	(0.52)	$	1.93	$	0.57