Reporting Segments (Tables)

9 Months Ended

Sep. 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 September 30, 2017
Revenues:
Revenue–Antero Resources	$	100,518		93,111		193,629
Total revenues		100,518		93,111		193,629
Operating expenses:
Direct operating		10,560		52,470		63,030
General and administrative (before equity-based compensation)		4,225		2,892		7,117
Equity-based compensation		5,111		2,088		7,199
Depreciation		21,803		8,753		30,556
Accretion of contingent acquisition consideration		—		2,556		2,556
Total expenses		41,699		68,759		110,458
Operating income	$	58,819		24,352		83,171
Equity in earnings of unconsolidated affiliates	$	7,033		—		7,033
Total assets	$	2,142,409		752,982		2,895,391
Additions to property and equipment	$	99,254		48,019		147,273
Three Months Ended September 30, 2018
Revenues:
Revenue–Antero Resources	$	133,202		132,898		266,100
Revenue–third-party		—		105		105
Total revenues		133,202		133,003		266,205
Operating expenses:
Direct operating		12,317		69,158		81,475
General and administrative (before equity-based compensation)		8,117		2,373		10,490
Equity-based compensation		3,666		862		4,528
Impairment of property and equipment		1,157		—		1,157
Depreciation		25,830		12,626		38,456
Accretion of contingent acquisition consideration		—		4,020		4,020
Accretion of asset retirement obligations		—		33		33
Total expenses		51,087		89,072		140,159
Operating income	$	82,115		43,931		126,046
Equity in earnings of unconsolidated affiliates	$	10,706		—		10,706
Total assets	$	2,483,494		931,334		3,414,828
Additions to property and equipment	$	130,870		19,271		150,141

			Water
	Gathering and		Handling and		Consolidated
	Processing		Treatment		Total
Nine months ended September 30, 2017
Revenues:
Revenue–Antero Resources	$	290,675		271,226		561,901
Revenue–third-party		264		—		264
Total revenues		290,939		271,226		562,165
Operating expenses:
Direct operating		28,596		134,296		162,892
General and administrative (before equity-based compensation)		15,242		7,884		23,126
Equity-based compensation		14,937		5,499		20,436
Depreciation		63,773		24,831		88,604
Accretion of contingent acquisition consideration		—		9,672		9,672
Total expenses		122,548		182,182		304,730
Operating income	$	168,391		89,044		257,435
Equity in earnings of unconsolidated affiliates	$	12,887		—		12,887
Total assets	$	2,142,409		752,982		2,895,391
Additions to property and equipment	$	254,619		143,470		398,089
Nine months ended September 30, 2018
Revenues:
Revenue–Antero Resources	$	359,515		386,018		745,533
Revenue–third-party		—		655		655
Gain on sale of assets–third-party		583		—		583
Total revenues		360,098		386,673		746,771
Operating expenses:
Direct operating		36,103		188,251		224,354
General and administrative (before equity-based compensation)		21,062		7,299		28,361
Equity-based compensation		13,078		3,528		16,606
Impairment of property and equipment		5,771		—		5,771
Depreciation		73,502		33,819		107,321
Accretion of contingent acquisition consideration		—		11,841		11,841
Accretion of asset retirement obligations		—		101		101
Total expenses		149,516		244,839		394,355
Operating income	$	210,582		141,834		352,416
Equity in earnings of unconsolidated affiliates	$	27,832		—		27,832
Total assets	$	2,483,494		931,334		3,414,828
Additions to property and equipment	$	337,623		68,325		405,948