Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 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				Nine Months Ended
	September 30,				September 30,
	2023		2024		2023		2024
Net income (loss) attributable to Antero Resources Corporation—common shareholders	$	17,808		(20,444)		148,155		(49,762)
Add: Interest expense for 2026 Convertible Notes		470		—		1,555		—
Less: Tax-effect of interest expense for 2026 Convertible Notes		(101)		—		(334)		—
Net income (loss) attributable to Antero Resources Corporation—common shareholders and assumed conversions	$	18,177		(20,444)		149,376		(49,762)
Net income (loss) per common share—basic	$	0.06		(0.07)		0.50		(0.16)
Net income (loss) per common share—diluted	$	0.06		(0.07)		0.48		(0.16)
Weighted average common shares outstanding—basic		300,141		311,025		298,461		308,932
Weighted average common shares outstanding—diluted		311,534		311,025		310,958		308,932

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 September 30,		Nine Months Ended September 30,
	2023	2024	2023	2024
Basic weighted average number of common shares outstanding	300,141	311,025	298,461	308,932
Add: Dilutive effect of RSUs	1,213	—	1,419	—
Add: Dilutive effect of PSUs	1,105	—	1,080	—
Add: Dilutive effect of 2026 Convertible Notes	9,075	—	9,998	—
Diluted weighted average number of common shares outstanding	311,534	311,025	310,958	308,932
Weighted average number of outstanding securities excluded from calculation of diluted net income (loss) per common share (1):
RSUs	1,128	3,274	1,267	3,526
PSUs	100	1,675	199	1,790
Stock options	323	257	324	258
2026 Convertible Notes	—	—	—	1,615

(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.