Quarterly Financial Information (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information (Unaudited)

Schedule of quarterly financial information

The Company’s quarterly consolidated financial information for the years ended December 31, 2017 and 2018 is summarized in the tables below (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, 2017:
Total operating revenues	$	1,195,579		790,389		647,880		1,021,726
Total operating expenses		694,236		666,646		719,932		834,667
Operating income (loss)		501,343		123,743		(72,052)		187,059
Net income (loss) and comprehensive income (loss) including noncontrolling interest		305,558		39,965		(90,000)		529,614
Net income attributable to noncontrolling interest		37,162		45,097		45,063		42,745
Net income (loss) attributable to Antero Resources Corporation		268,396		(5,132)		(135,063)		486,869
Earnings (loss) per common share—basic	$	0.85		(0.02)		(0.43)		1.54
Earnings (loss) per common share—assuming dilution	$	0.85		(0.02)		(0.43)		1.54

	First quarter		Second quarter		Third quarter		Fourth quarter
Year Ended December 31, 2018:
Total operating revenues	$	1,028,101		989,344		1,076,532		1,045,649
Total operating expenses		881,607		1,022,107		1,071,728		1,092,279
Operating income (loss)		146,494		(32,763)		4,804		(46,630)
Net income (loss) and comprehensive income (loss) including noncontrolling interest		80,810		(67,275)		(77,972)		18,736
Net income attributable to noncontrolling interest		65,977		69,110		76,447		140,282
Net income (loss) attributable to Antero Resources Corporation		14,833		(136,385)		(154,419)		(121,546)
Earnings (loss) per common share	$	0.05		(0.43)		(0.49)		(0.39)
Earnings (loss) per common share—diluted	$	0.05		(0.43)		(0.49)		(0.39)