XML 16 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue:        
Gathering and compression-Antero Resources $ 98,633 $ 71,715 $ 190,157 $ 141,066
Water handling and treatment-Antero Resources 95,004 64,893 178,115 131,339
Gathering and compression-third party 129 202 264 477
Total revenue 193,766 136,810 368,536 272,882
Operating expenses:        
Direct operating 52,308 42,597 99,862 91,738
General and administrative (including $6,951 and $6,793 for three months ended and $13,237 and $12,766 for six months ended of equity-based compensation in 2016 and 2017, respectively) 14,789 13,305 29,246 26,397
Depreciation 30,512 24,140 58,048 47,963
Accretion of contingent acquisition consideration 3,590 3,461 7,116 6,857
Total operating expenses 101,199 83,503 194,272 172,955
Operating income 92,567 53,307 174,264 99,927
Interest expense, net (9,015) (3,879) (17,851) (7,582)
Equity in earnings of unconsolidated affiliates 3,623 484 5,854 484
Net income and comprehensive income 87,175 49,912 162,267 92,829
Net income attributable to incentive distribution rights (15,328) (2,731) (26,881) (4,581)
Limited partners' interest in net income $ 71,847 $ 47,181 $ 135,386 $ 88,248
Net income per limited partner unit - basic $ 0.39 $ 0.27 $ 0.73 $ 0.50
Net income per limited partner unit - diluted $ 0.39 $ 0.27 $ 0.73 $ 0.50
Weighted average limited partner units outstanding - basic 186,065 176,172 184,558 176,167
Weighted average limited partner units outstanding - diluted 186,533 176,226 185,002 176,203