Segment Information (Tables)

3 Months Ended

Mar. 31, 2020

Segment Information

Schedule of operating results and assets of reportable segments

The operating results and assets of the Company’s reportable segments were as follows for the three months ended March 31, 2019 and 2020 (in thousands):

					Equity Method		Elimination of
					Investment in		intersegment
	Exploration				Antero		transactions and
	and				Midstream		unconsolidated		Consolidated
	production		Marketing		Corporation		affiliates		total
Three months ended March 31, 2019:
Sales and revenues:
Third-party	$	941,635		91,186		4		—		1,032,825
Intersegment		1,758		—		54,104		(51,280)		4,582
Total	$	943,393		91,186		54,108		(51,280)		1,037,407
Operating expenses:
Lease operating	$	42,969		—		11,815		(13,052)		41,732
Gathering, compression, processing, and transportation		535,015		—		2,935		(113,421)		424,529
Impairment of oil and gas properties		81,244		—		—		—		81,244
Impairment of midstream assets		—		—		6,982		—		6,982
Depletion, depreciation, and amortization		218,494		—		7,650		14,057		240,201
General and administrative		49,908		—		2,184		16,110		68,202
Other		44,137		163,084		1,291		(288)		208,224
Total		971,767		163,084		32,857		(96,594)		1,071,114
Operating income (loss)	$	(28,374)		(71,898)		21,251		45,314		(33,707)
Equity in earnings of unconsolidated affiliates	$	1,817		—		2,880		9,384		14,081
Investments in unconsolidated affiliates	$	1,989,612		—		1,153,943		(1,153,943)		1,989,612
Segment assets	$	17,263,369		25,361		6,660,325		(6,660,325)		17,288,730
Capital expenditures for segment assets	$	399,278		—		16,005		56,650		471,933

					Equity Method		Elimination of
					Investment in		intersegment
	Exploration				Antero		transactions and
	and				Midstream		unconsolidated		Consolidated
	production		Marketing		Corporation		affiliates		total
Three months ended March 31, 2020:
Sales and revenues:
Third-party	$	1,270,234		46,073		—		—		1,316,307
Intersegment		798		—		243,708		(243,708)		798
Total	$	1,271,032		46,073		243,708		(243,708)		1,317,105
Operating expenses:
Lease operating	$	25,644		—		—		—		25,644
Gathering, compression, processing, and transportation		588,624		—		55,908		(55,908)		588,624
Impairment of oil and gas properties		89,220		—		—		—		89,220
Impairment of midstream assets		—		—		664,544		(664,544)		—
Depletion, depreciation, and amortization		199,677		—		27,343		(27,343)		199,677
General and administrative		31,221		—		10,199		(10,199)		31,221
Other		27,013		93,273		4,878		(4,878)		120,286
Total		961,399		93,273		762,872		(762,872)		1,054,672
Operating income (loss)	$	309,633		(47,200)		(519,164)		519,164		262,433
Equity in earnings (loss) of unconsolidated affiliates	$	(128,055)		—		19,077		(19,077)		(128,055)
Investments in unconsolidated affiliates	$	291,989		—		716,778		(716,778)		291,989
Segment assets	$	14,516,150		9,639		5,781,359		(5,781,359)		14,525,789
Capital expenditures for segment assets	$	311,611		—		67,983		(67,983)		311,611