XML 23 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenue and other:      
Total revenue $ 4,681,972 $ 7,138,436 $ 4,619,432
Operating expenses:      
Lease operating 118,441 99,595 96,793
Production and ad valorem taxes 158,855 287,406 197,910
General and administrative (including equity-based compensation expense of $20,437, $35,443 and $59,519 in 2021, 2022 and 2023, respectively) 224,516 172,909 145,006
Depletion, depreciation and amortization 689,966 680,600 742,009
Impairment of property and equipment 51,302 149,731 90,523
Accretion of asset retirement obligations 3,244 4,627 3,820
Contract termination and loss contingency 52,606 25,099 4,305
Loss (gain) on sale of assets (447) 471 (2,232)
Other operating expense 336    
Total operating expenses 4,228,842 4,564,531 4,595,572
Operating income 453,130 2,573,905 23,860
Other income (expense):      
Interest expense, net (117,870) (125,372) (181,868)
Equity in earnings of unconsolidated affiliate 82,952 72,327 77,085
Loss on early extinguishment of debt   (46,027) (93,191)
Loss on convertible note inducements and equitizations (374) (169) (50,777)
Transaction expense     (3,295)
Total other expense (35,292) (99,241) (252,046)
Income (loss) before income taxes 417,838 2,474,664 (228,186)
Income tax benefit (expense) (75,994) (448,692) 74,077
Net income (loss) and comprehensive income (loss) including noncontrolling interests 341,844 2,025,972 (154,109)
Less: net income and comprehensive income attributable to noncontrolling interests 98,925 127,201 32,790
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation $ 242,919 $ 1,898,771 $ (186,899)
Net income (loss) per common share-basic (in dollars per share) $ 0.81 $ 6.18 $ (0.61)
Net income (loss) per common share-diluted (in dollars per share) $ 0.78 $ 5.78 $ (0.61)
Weighted average number of common shares outstanding:      
Basic (in shares) 299,793 307,202 308,146
Diluted (in shares) 311,597 329,223 308,146
Natural gas sales      
Revenue and other:      
Total revenue $ 2,192,349 $ 5,520,419 $ 3,442,028
Natural gas liquids sales      
Revenue and other:      
Total revenue 1,836,950 2,498,657 2,147,499
Oil sales      
Revenue and other:      
Total revenue 247,146 275,673 201,232
Gathering, compression, water handling and treatment, processing, and transportation      
Operating expenses:      
Cost of goods and services sold 2,642,358 2,605,380 2,499,174
Commodity derivative fair value gains (losses)      
Revenue and other:      
Total revenue 166,324 (1,615,836) (1,936,509)
Marketing.      
Revenue and other:      
Total revenue 206,122 416,758 718,921
Operating expenses:      
Cost of goods and services sold 284,965 531,304 811,698
Amortization of deferred revenue, VPP      
Revenue and other:      
Total revenue 30,552 37,603 45,236
Other revenue and income      
Revenue and other:      
Total revenue 2,529 5,162 1,025
Exploration      
Operating expenses:      
Cost of goods and services sold $ 2,700 $ 7,409 $ 6,566