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Reporting Segments (Tables)
3 Months Ended
Mar. 31, 2019
Reporting Segments  
Schedule of financial information concerning the Partnership's segments

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Water

 

 

 

 

 

 

 

  

Gathering and

  

Handling and

  

 

  

Consolidated

 

 

   

Processing

  

Treatment

   

Unallocated (1)

   

Total

 

Three months ended March 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue–Antero Resources

 

$

33,534

 

 

22,351

 

 

 —

 

 

55,885

 

Revenue–third-party

 

 

 —

 

 

 4

 

 

 —

 

 

 4

 

Amortization of customer contracts

 

 

(501)

 

 

(1,280)

 

 

 —

 

 

(1,781)

 

Total revenues

 

 

33,033

 

 

21,075

 

 

 —

 

 

54,108

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

Direct operating

 

 

2,935

 

 

12,047

 

 

 —

 

 

14,982

 

General and administrative (excluding equity-based compensation)

 

 

1,020

 

 

574

 

 

6,792

 

 

8,386

 

Equity-based compensation

 

 

377

 

 

213

 

 

10,833

 

 

11,423

 

Depreciation

 

 

2,560

 

 

5,090

 

 

 —

 

 

7,650

 

Accretion and change in fair value of contingent acquisition consideration

 

 

 —

 

 

1,049

 

 

 —

 

 

1,049

 

Accretion of asset retirement obligations

 

 

 —

 

 

10

 

 

 —

 

 

10

 

Total expenses

 

 

6,892

 

 

18,983

 

 

17,625

 

 

43,500

 

Operating income

 

$

26,141

 

 

2,092

 

 

(17,625)

 

 

10,608

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity in earnings of unconsolidated affiliates

 

$

2,880

 

 

 —

 

 

 —

 

 

2,880

 

Total assets

 

$

4,818,809

 

 

1,841,516

 

 

8,102

 

 

6,668,427

 

Additions to property and equipment

 

$

7,677

 

 

8,328

 

 

 —

 

 

16,005

 

 


(1)Certain expenses that are not directly attributable to gathering and processing and water handling and treatment are managed and evaluated on a consolidated basis.