Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2024

Summary of Significant Accounting Policies

Reconciliation of income (loss) attributable to common stockholders for basic and diluted net income (loss) common per share

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2024		2023		2024
Net income (loss) attributable to Antero Resources Corporation—common shareholders	$	(83,084)		(65,663)		130,347		(29,318)
Add: Interest expense for 2026 Convertible Notes		—		—		1,085		—
Less: Tax-effect of interest expense for 2026 Convertible Notes		—		—		(233)		—
Net income (loss) attributable to Antero Resources Corporation—common shareholders and assumed conversions	$	(83,084)		(65,663)		131,199		(29,318)
Net income (loss) per common share—basic	$	(0.28)		(0.21)		0.44		(0.10)
Net income (loss) per common share—diluted	$	(0.28)		(0.21)		0.42		(0.10)
Weighted average common shares outstanding—basic		300,141		310,806		298,461		307,875
Weighted average common shares outstanding—diluted		300,141		310,806		311,488		307,875

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 June 30,		Six Months Ended June 30,
	2023	2024	2023	2024
Basic weighted average number of common shares outstanding	300,141	310,806	298,461	307,875
Add: Dilutive effect of RSUs	—	—	1,593	—
Add: Dilutive effect of PSUs	—	—	967	—
Add: Dilutive effect of 2026 Convertible Notes	—	—	10,467	—
Diluted weighted average number of common shares outstanding	300,141	310,806	311,488	307,875
Weighted average number of outstanding securities excluded from calculation of diluted net income (loss) per common share (1):
RSUs	4,070	3,537	2,260	3,654
PSUs	1,791	2,010	377	2,032
Stock options	324	259	324	259
2026 Convertible Notes	9,076	—	—	2,432

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