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Reporting Segments (Tables)
9 Months Ended
Sep. 30, 2016
Reporting Segments  
Schedule of financial information concerning the Partnership's segments

Summarized financial information concerning the Partnership’s segments for the periods indicated is shown in the following table (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Water

 

 

 

 

  

Gathering and

  

Handling and

  

Consolidated

 

    

Compression

    

Treatment

    

Total

Three months ended September 30, 2015

 

 

 

 

 

 

 

 

 

Revenues:

 

 

 

 

 

 

 

 

 

Revenue - Antero

 

$

59,220

 

$

21,819

 

$

81,039

Revenue - third-party

 

 

38

 

 

627

 

 

665

Total revenues

 

 

59,258

 

 

22,446

 

 

81,704

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

Direct operating

 

 

(3,164)

 

 

4,773

 

 

1,609

General and administrative

 

 

11,265

 

 

2,577

 

 

13,842

Depreciation

 

 

15,076

 

 

6,485

 

 

21,561

Total expenses

 

 

23,177

 

 

13,835

 

 

37,012

 

 

 

 

 

 

 

 

 

 

Operating income

 

$

36,081

 

$

8,611

 

$

44,692

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

1,395,057

 

$

487,734

 

$

1,882,791

Additions to property and equipment

 

$

82,751

 

$

48,381

 

$

131,132

 

 

 

 

 

 

 

 

 

 

Three months ended September 30, 2016

 

 

 

 

 

 

 

 

 

Revenues:

 

 

 

 

 

 

 

 

 

Revenue - Antero

 

$

77,871

 

$

72,411

 

$

150,282

Revenue - third-party

 

 

193

 

 

 -

 

 

193

Total revenues

 

 

78,064

 

 

72,411

 

 

150,475

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

Direct operating

 

 

4,692

 

 

28,521

 

 

33,213

General and administrative

 

 

10,281

 

 

3,035

 

 

13,316

Depreciation

 

 

18,298

 

 

7,838

 

 

26,136

Accretion of contingent acquisition consideration

 

 

 -

 

 

3,527

 

 

3,527

Total expenses

 

 

33,271

 

 

42,921

 

 

76,192

 

 

 

 

 

 

 

 

 

 

Operating income

 

$

44,793

 

$

29,490

 

$

74,283

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

1,653,292

 

$

562,995

 

$

2,216,287

Additions to property and equipment

 

$

55,800

 

$

58,730

 

$

114,530

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Water

 

 

 

 

  

Gathering and

  

Handling and

  

Consolidated

 

    

Compression

    

Treatment

    

Total

Nine months ended September 30, 2015

 

 

 

 

 

 

 

 

 

Revenues:

 

 

 

 

 

 

 

 

 

Revenue - Antero

 

$

168,056

 

$

86,759

 

$

254,815

Revenue - third-party

 

 

38

 

 

778

 

 

816

Total revenues

 

 

168,094

 

 

87,537

 

 

255,631

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

Direct operating

 

 

19,817

 

 

19,013

 

 

38,830

General and administrative

 

 

30,685

 

 

7,238

 

 

37,923

Depreciation

 

 

44,748

 

 

18,767

 

 

63,515

Total expenses

 

 

95,250

 

 

45,018

 

 

140,268

 

 

 

 

 

 

 

 

 

 

Operating income

 

$

72,844

 

$

42,519

 

$

115,363

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

1,395,057

 

$

487,734

 

$

1,882,791

Additions to property and equipment

 

$

242,549

 

$

81,646

 

$

324,195

 

 

 

 

 

 

 

 

 

 

Nine months ended September 30, 2016

 

 

 

 

 

 

 

 

 

Revenues:

 

 

 

 

 

 

 

 

 

Revenue - Antero

 

$

218,938

 

$

203,750

 

$

422,688

Revenue - third-party

 

 

669

 

 

 —

 

 

669

Total revenues

 

 

219,607

 

 

203,750

 

 

423,357

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

Direct operating

 

 

19,758

 

 

105,193

 

 

124,951

General and administrative

 

 

29,755

 

 

9,957

 

 

39,712

Depreciation

 

 

52,125

 

 

21,975

 

 

74,100

Accretion of contingent acquisition consideration

 

 

 —

 

 

10,384

 

 

10,384

Total expenses

 

 

101,638

 

 

147,509

 

 

249,147

 

 

 

 

 

 

 

 

 

 

Operating income

 

$

117,969

 

$

56,241

 

$

174,210

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

1,653,292

 

$

562,995

 

$

2,216,287

Additions to property and equipment

 

$

152,769

 

$

137,355

 

$

290,124