XML 17 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenue:    
Revenues from contracts with customers $ 911,430 $ 756,804
Marketing derivative gains 94,234  
Commodity derivative fair value gains (losses) 22,437 438,775
Total revenue 1,028,101 1,195,579
Operating expenses:    
Production and ad valorem taxes 25,823 24,793
Impairment of unproved properties 50,536 26,899
Depletion, depreciation, and amortization 228,244 202,729
Accretion of asset retirement obligations 690 637
General and administrative (including equity-based compensation expense of $25,503 and $21,245 in 2017 and 2018, respectively) 60,030 64,698
Total operating expenses 881,607 694,236
Operating income (loss) 146,494 501,343
Other income (expenses):    
Equity in earnings of unconsolidated affiliate 7,862 2,231
Interest (64,426) (66,670)
Total other expenses (56,564) (64,439)
Income (loss) before income taxes 89,930 436,904
Provision for income tax (expense) benefit (9,120) (131,346)
Net income (loss) and comprehensive income (loss) including noncontrolling interest 80,810 305,558
Net income and comprehensive income attributable to noncontrolling interest 65,977 37,162
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation $ 14,833 $ 268,396
Earnings (loss) per common share:    
Earnings (loss) per common share - basic (in dollars per share) $ 0.05 $ 0.85
Earnings (loss) per common share assuming dilution:    
Earnings (loss) per common share—assuming dilution (in dollars per share) $ 0.05 $ 0.85
Weighted average number of shares outstanding    
Basic (in shares) 316,471 314,954
Diluted (in shares) 316,911 315,769
Natural gas sales    
Revenue:    
Revenues from contracts with customers $ 497,663 $ 466,664
Natural gas liquids sales    
Revenue:    
Revenues from contracts with customers 234,170 194,652
Oil sales    
Revenue:    
Revenues from contracts with customers 30,273 26,960
Natural Gas, Gathering, Transportation, Marketing and Processing    
Revenue:    
Revenues from contracts with customers 4,935 2,604
Operating expenses:    
Cost of goods and services sold 291,938 266,829
Oil and Gas, Operation and Maintenance    
Operating expenses:    
Cost of goods and services sold 26,722 15,551
Marketing    
Revenue:    
Revenues from contracts with customers 144,389 65,924
Operating expenses:    
Cost of goods and services sold 195,739 89,993
Exploration    
Revenue:    
Revenues from contracts with customers   2,107
Operating expenses:    
Cost of goods and services sold $ 1,885 $ 2,107