XML 41 R29.htm IDEA: XBRL DOCUMENT v3.7.0.1
Reporting Segments (Tables)
6 Months Ended
Jun. 30, 2017
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

 

    

Processing

    

Treatment

    

Total

Three months ended June 30, 2016

 

 

 

 

 

 

 

 

 

Revenues:

 

 

 

 

 

 

 

 

 

Revenue - Antero Resources

 

$

71,715

 

 

64,893

 

 

136,608

Revenue - third-party

 

 

202

 

 

 —

 

 

202

Total revenues

 

 

71,917

 

 

64,893

 

 

136,810

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

Direct operating

 

 

7,447

 

 

35,150

 

 

42,597

General and administrative (before equity-based compensation)

 

 

4,837

 

 

1,675

 

 

6,512

Equity-based compensation

 

 

5,301

 

 

1,492

 

 

6,793

Depreciation

 

 

16,964

 

 

7,176

 

 

24,140

Accretion of contingent acquisition consideration

 

 

 —

 

 

3,461

 

 

3,461

Total expenses

 

 

34,549

 

 

48,954

 

 

83,503

Operating income

 

$

37,368

 

 

15,939

 

 

53,307

 

 

 

 

 

 

 

 

 

 

Equity in earnings of unconsolidated affiliates

 

$

484

 

 

 -

 

 

484

Total assets

 

$

1,583,246

 

 

569,624

 

 

2,152,870

Additions to property and equipment

 

$

48,283

 

 

41,589

 

 

89,872

 

 

 

 

 

 

 

 

 

 

Three months ended June 30, 2017

 

 

 

 

 

 

 

 

 

Revenues:

 

 

 

 

 

 

 

 

 

Revenue - Antero Resources

 

$

98,633

 

 

95,004

 

 

193,637

Revenue - third-party

 

 

129

 

 

 —

 

 

129

Total revenues

 

 

98,762

 

 

95,004

 

 

193,766

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

Direct operating

 

 

9,922

 

 

42,386

 

 

52,308

General and administrative (before equity-based compensation)

 

 

5,468

 

 

2,370

 

 

7,838

Equity-based compensation

 

 

5,237

 

 

1,714

 

 

6,951

Depreciation

 

 

22,271

 

 

8,241

 

 

30,512

Accretion of contingent acquisition consideration

 

 

 —

 

 

3,590

 

 

3,590

Total expenses

 

 

42,898

 

 

58,301

 

 

101,199

Operating income

 

$

55,864

 

 

36,703

 

 

92,567

 

 

 

 

 

 

 

 

 

 

Equity in earnings of unconsolidated affiliates

 

$

3,623

 

 

 -

 

 

3,623

Total assets

 

$

2,050,202

 

 

711,735

 

 

2,761,937

Additions to property and equipment

 

$

88,806

 

 

58,497

 

 

147,303

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Water

 

 

 

 

  

Gathering and

  

Handling and

  

Consolidated

 

    

Processing

    

Treatment

    

Total

Six months ended June 30, 2016

 

 

 

 

 

 

 

 

 

Revenues:

 

 

 

 

 

 

 

 

 

Revenue - Antero Resources

 

$

141,066

 

$

131,339

 

$

272,405

Revenue - third-party

 

 

477

 

 

 -

 

 

477

Total revenues

 

 

141,543

 

 

131,339

 

 

272,882

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

Direct operating

 

 

15,066

 

 

76,672

 

 

91,738

General and administrative  (before equity-based compensation)

 

 

9,785

 

 

3,846

 

 

13,631

Equity-based compensation

 

 

9,688

 

 

3,078

 

 

12,766

Depreciation

 

 

33,826

 

 

14,137

 

 

47,963

Accretion of contingent acquisition consideration

 

 

 -

 

 

6,857

 

 

6,857

Total expenses

 

 

68,365

 

 

104,590

 

 

172,955

 

 

 

 

 

 

 

 

 

 

Operating income

 

$

73,178

 

$

26,749

 

$

99,927

 

 

 

 

 

 

 

 

 

 

Equity in earnings of unconsolidated affiliates

 

$

484

 

$

 -

 

$

484

Total assets

 

$

1,583,246

 

$

569,624

 

$

2,152,870

Additions to property and equipment

 

$

96,969

 

$

78,625

 

$

175,594

 

 

 

 

 

 

 

 

 

 

Six months ended June 30, 2017

 

 

 

 

 

 

 

 

 

Revenues:

 

 

 

 

 

 

 

 

 

Revenue - Antero Resources

 

$

190,157

 

 

178,115

 

 

368,272

Revenue - third-party

 

 

264

 

 

 —

 

 

264

Total revenues

 

 

190,421

 

 

178,115

 

 

368,536

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

Direct operating

 

 

18,036

 

 

81,826

 

 

99,862

General and administrative  (before equity-based compensation)

 

 

11,017

 

 

4,992

 

 

16,009

Equity-based compensation

 

 

9,826

 

 

3,411

 

 

13,237

Depreciation

 

 

41,970

 

 

16,078

 

 

58,048

Accretion of contingent acquisition consideration

 

 

 —

 

 

7,116

 

 

7,116

Total expenses

 

 

80,849

 

 

113,423

 

 

194,272

 

 

 

 

 

 

 

 

 

 

Operating income

 

$

109,572

 

 

64,692

 

 

174,264

 

 

 

 

 

 

 

 

 

 

Equity in earnings of unconsolidated affiliates

 

$

5,854

 

 

 —

 

 

5,854

Total assets

 

$

2,050,202

 

 

711,735

 

 

2,761,937

Additions to property and equipment

 

$

155,365

 

 

95,451

 

 

250,816