XML 41 R30.htm IDEA: XBRL DOCUMENT v3.10.0.1
Reporting Segments (Tables)
6 Months Ended
Jun. 30, 2018
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, 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

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2018

 

 

 

 

 

 

 

 

 

 

Revenues:

 

 

 

 

 

 

 

 

 

 

Revenue - Antero Resources

 

$

118,136

 

 

132,231

 

 

250,367

 

Revenue - third-party

 

 

 —

 

 

25

 

 

25

 

Gain on sale of assets - Antero Resources

 

 

583

 

 

 —

 

 

583

 

Total revenues

 

 

118,719

 

 

132,256

 

 

250,975

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

Direct operating

 

 

12,405

 

 

63,218

 

 

75,623

 

General and administrative (before equity-based compensation)

 

 

7,240

 

 

2,387

 

 

9,627

 

Equity-based compensation

 

 

4,754

 

 

1,113

 

 

5,867

 

Impairment of property and equipment

 

 

4,614

 

 

 —

 

 

4,614

 

Depreciation

 

 

24,258

 

 

12,175

 

 

36,433

 

Accretion of contingent acquisition consideration

 

 

 —

 

 

3,947

 

 

3,947

 

Accretion of asset retirement obligations

 

 

 —

 

 

34

 

 

34

 

Total expenses

 

 

53,271

 

 

82,874

 

 

136,145

 

Operating income

 

$

65,448

 

 

49,382

 

 

114,830

 

 

 

 

 

 

 

 

 

 

 

 

Equity in earnings of unconsolidated affiliates

 

$

9,264

 

 

 —

 

 

9,264

 

Total assets

 

$

2,302,885

 

 

993,344

 

 

3,296,229

 

Additions to property and equipment

 

$

112,979

 

 

14,857

 

 

127,836

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Water

 

 

 

 

 

  

Gathering and

  

Handling and

  

Consolidated

 

 

    

Processing

    

Treatment

    

Total

 

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

 

 

 

 

 

 

 

 

 

 

 

 

Six months ended June 30, 2018

 

 

 

 

 

 

 

 

 

 

Revenues:

 

 

 

 

 

 

 

 

 

 

Revenue - Antero Resources

 

$

226,313

 

 

253,120

 

 

479,433

 

Revenue - third-party

 

 

 

 

550

 

 

550

 

Gain on sale of assets - Antero Resources

 

 

583

 

 

 —

 

 

583

 

Total revenues

 

 

226,896

 

 

253,670

 

 

480,566

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

Direct operating

 

 

23,786

 

 

119,093

 

 

142,879

 

General and administrative  (before equity-based compensation)

 

 

12,945

 

 

4,926

 

 

17,871

 

Equity-based compensation

 

 

9,412

 

 

2,666

 

 

12,078

 

Impairment of property and equipment

 

 

4,614

 

 

 —

 

 

4,614

 

Depreciation

 

 

47,672

 

 

21,193

 

 

68,865

 

Accretion of contingent acquisition consideration

 

 

 —

 

 

7,821

 

 

7,821

 

Accretion of asset retirement obligations

 

 

 —

 

 

68

 

 

68

 

Total expenses

 

 

98,429

 

 

155,767

 

 

254,196

 

Operating income

 

$

128,467

 

 

97,903

 

 

226,370

 

 

 

 

 

 

 

 

 

 

 

 

Equity in earnings of unconsolidated affiliates

 

$

17,126

 

 

 —

 

 

17,126

 

Total assets

 

$

2,302,885

 

 

993,344

 

 

3,296,229

 

Additions to property and equipment

 

$

206,753

 

 

49,054

 

 

255,807