Quarterly Financial Information (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information (Unaudited)

Schedule of quarterly financial information

The Company’s quarterly consolidated financial information for the years ended December 31, 2015 and 2016 is summarized in the following tables (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, 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
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—basic	$	1.49	$	(0.52)	$	1.93	$	0.57
Earnings (loss) per common share—assuming dilution	$	1.49	$	(0.52)	$	1.93	$	0.57

	First quarter		Second quarter		Third quarter		Fourth quarter
Year Ended December 31, 2016:
Total operating revenues	$	721,004	$	(249,198)	$	1,116,503	$	156,216
Total operating expenses		642,255		640,675		649,171		788,225
Operating income (loss)		78,749		(889,873)		467,332		(632,009)
Net income (loss) and comprehensive income (loss) including noncontrolling interest		10,650		(575,490)		268,196		(452,804)
Net income attributable to noncontrolling interest		15,705		20,754		29,941		32,968
Net income (loss) attributable to Antero Resources Corporation		(5,055)		(596,244)		238,255		(485,772)
Earnings (loss) per common share	$	(0.02)	$	(2.12)	$	0.78	$	(1.55)
Earnings (loss) per common share—diluted	$	(0.02)	$	(2.12)	$	0.77	$	(1.55)