XML 93 R74.htm IDEA: XBRL DOCUMENT v3.24.0.1
Income Taxes (Detail) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income tax expense from continuing operations      
Current income tax expense $ 1,587 $ 847 $ 216
Deferred income tax expense (benefit) 74,407 447,845 (74,293)
Total income tax expense (benefit) $ 75,994 $ 448,692 $ (74,077)
U.S. Statutory federal income tax rate (as a percent) 21.00% 21.00% 21.00%
Reconciliation of income tax expense (benefit) from the amount that would be computed by applying the U.S. statutory federal income tax rate to income or loss before taxes      
Federal income tax expense (benefit) $ 87,746 $ 519,679 $ (47,919)
State income tax expense (benefit), net of federal benefit 3,512 12,461 (6,576)
Change in state tax rate, net of federal effect 11,417 (52,747) (30,910)
Equity-based compensation (772) (9,717) 1,117
Dividends received deduction (3,186) (1,749) (3,832)
Noncontrolling interest (21,525) (27,347) (7,862)
Change in valuation allowance (2,567) 7,070 4,606
Nondeductible loss on 2026 Convertible Notes equitizations and inducement 81 36 12,174
Other 1,288 1,006 5,125
Total income tax expense (benefit) 75,994 448,692 $ (74,077)
Deferred income tax assets:      
NOL carryforwards 281,217 282,829  
Interest expense carryforwards 25,258    
Equity-based compensation 7,056 3,362  
Investment in Antero Midstream 234,423 254,164  
Unrealized losses on derivative instruments 51,025 83,269  
Lease liabilities 644,622 740,254  
Asset retirement obligations and other 17,093 15,859  
Total deferred income tax assets 1,260,694 1,379,737  
Valuation allowance (54,805) (57,375)  
Deferred income tax assets, net 1,205,889 1,322,362  
Deferred income tax liabilities:      
Oil and gas properties 1,338,442 1,295,847  
Lease right-of-use assets 644,870 740,254  
Investment in Martica 55,759 45,507  
2026 Convertible Notes and other 1,086 615  
Total deferred income tax liabilities 2,040,157 2,082,223  
Deferred tax liability, net $ (834,268) $ (759,861)