Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2024

Summary of Significant Accounting Policies

Reconciliation of income attributable to common stockholders for basic and diluted income per share

The following is a reconciliation of the Company’s income attributable to common stockholders for basic and diluted net income per common share (in thousands):

	Three Months Ended March 31,
	2023		2024
Net income attributable to Antero Resources Corporation—common shareholders	$	213,431		36,345
Add: Interest expense for 2026 Convertible Notes		616		256
Less: Tax-effect of interest expense for 2026 Convertible Notes		(132)		(56)
Net income attributable to Antero Resources Corporation—common shareholders and assumed conversions	$	213,915		36,545
Net income per common share—basic	$	0.72		0.12
Net income per common share—diluted	$	0.69		0.12
Weighted average common shares outstanding—basic		296,763		304,943
Weighted average common shares outstanding—diluted		311,846		312,503

Reconciliation of basic weighted average shares outstanding to diluted weighted average shares outstanding

The following is a reconciliation of the Company’s basic weighted average common shares outstanding to diluted weighted average common shares outstanding during the periods presented (in thousands):

	Three Months Ended March 31,
	2023	2024
Basic weighted average number of common shares outstanding	296,763	304,943
Add: Dilutive effect of RSUs	2,150	1,307
Add: Dilutive effect of PSUs	1,060	1,389
Add: Dilutive effect of 2026 Convertible Notes	11,873	4,864
Diluted weighted average number of common shares outstanding	311,846	312,503
Weighted average number of outstanding securities excluded from calculation of diluted net income per common share (1):
RSUs	969	371
PSUs	414	—
Stock options	324	259

(1) The potential dilutive effects of these awards were excluded from the computation of net income per common share—diluted because the inclusion of these awards would have been anti-dilutive.