Reporting Segments (Tables)

3 Months Ended

Mar. 31, 2020

Reporting Segments

Schedule of operating results and assets of the Company's reportable segments

	Gathering and		Water				Consolidated
(in thousands)	Processing		Handling		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 relationships		(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 operating 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 are managed and evaluated on a consolidated basis.

	Gathering and		Water				Consolidated
(in thousands)	Processing		Handling		Unallocated (1)		Total
Three months ended March 31, 2020
Revenues:
Revenue–Antero Resources	$	163,129		98,184		—		261,313
Amortization of customer relationships		(9,238)		(8,367)		—		(17,605)
Total revenues		153,891		89,817		—		243,708
Operating expenses:
Direct operating		13,391		35,337		—		48,728
General and administrative (excluding equity-based compensation)		5,044		2,905		2,250		10,199
Facility idling		—		8,678		—		8,678
Impairment of goodwill		575,461		—		—		575,461
Impairment of property and equipment		—		89,083		—		89,083
Equity-based compensation		2,533		555		250		3,338
Depreciation		13,050		14,293		—		27,343
Accretion of asset retirement obligations		—		42		—		42
Total operating expenses		609,479		150,893		2,500		762,872
Operating loss	$	(455,588)		(61,076)		(2,500)		(519,164)
Equity in earnings of unconsolidated affiliates	$	19,077		—		—		19,077
Total assets	$	4,347,932		1,184,095		249,332		5,781,359
Additions to property and equipment, net	$	54,659		13,324		—		67,983

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