XML 44 R33.htm IDEA: XBRL DOCUMENT v3.22.2.2
Reportable Segments (Tables)
9 Months Ended
Sep. 30, 2022
Reportable Segments  
Schedule of operating results and assets of the Company's reportable segments

The summarized operating results of the Company’s reportable segments are as follows:

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Three Months Ended September 30, 2021

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​

​

Gathering and

​

Water

​

​

​

Consolidated

​

(in thousands)

  

Processing

  

Handling

  

Unallocated (1)

  

Total

​

Revenues:

​

​

​

​

​

​

​

​

​

​

​

​

​

Revenue–Antero Resources

​

$

188,716

​

​

53,511

​

​

—

​

​

242,227

​

Revenue–third-party

​

​

—

​

​

245

​

​

—

​

​

245

​

Amortization of customer relationships

​

​

(9,271)

​

​

(8,397)

​

​

—

​

​

(17,668)

​

Total revenues

​

​

179,445

​

​

45,359

​

​

—

​

​

224,804

​

Operating expenses:

​

​

​

​

​

​

​

​

​

​

​

​

​

Direct operating

​

​

16,161

​

​

23,338

​

​

—

​

​

39,499

​

General and administrative

​

​

9,076

​

​

4,554

​

​

1,180

​

​

14,810

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Facility idling

​

​

—

​

​

870

​

​

—

​

​

870

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Depreciation

​

​

15,151

​

​

12,336

​

​

—

​

​

27,487

​

Impairment of property and equipment

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​

—

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​

203

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​

—

​

​

203

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Accretion of asset retirement obligations

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​

—

​

​

114

​

​

—

​

​

114

​

Total operating expenses

​

​

40,388

​

​

41,415

​

​

1,180

​

​

82,983

​

Operating income

​

$

139,057

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​

3,944

​

​

(1,180)

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​

141,821

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​

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​

​

​

​

​

​

​

​

​

​

​

​

Equity in earnings of unconsolidated affiliates

​

$

24,088

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​

—

​

​

—

​

​

24,088

​

Additions to property and equipment

​

$

69,069

​

​

13,514

​

​

—

​

​

82,583

​

​

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

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​

​

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​

​

​

Three Months Ended September 30, 2022

​

​

​

Gathering and

​

Water

​

​

​

Consolidated

​

(in thousands)

   

Processing

   

Handling

   

Unallocated (1)

  

Total

​

Revenues:

​

​

​

​

​

​

​

​

​

​

​

​

​

Revenue–Antero Resources

​

$

185,640

​

​

61,411

​

​

—

​

​

247,051

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Revenue–third-party

​

​

—

​

​

1,651

​

​

—

​

​

1,651

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Amortization of customer relationships

​

​

(9,271)

​

​

(8,397)

​

​

—

​

​

(17,668)

​

Total revenues

​

​

176,369

​

​

54,665

​

​

—

​

​

231,034

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Operating expenses:

​

​

​

​

​

​

​

​

​

​

​

​

​

Direct operating

​

​

19,813

​

​

26,835

​

​

—

​

​

46,648

​

General and administrative

​

​

9,890

​

​

2,425

​

​

1,272

​

​

13,587

​

Facility idling

​

​

—

​

​

865

​

​

—

​

​

865

​

Depreciation

​

​

21,177

​

​

13,029

​

​

—

​

​

34,206

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Accretion of asset retirement obligations

​

​

—

​

​

50

​

​

—

​

​

50

​

Gain on asset sale

​

​

(2,056)

​

​

(36)

​

​

—

​

​

(2,092)

​

Total operating expenses

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​

48,824

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​

43,168

​

​

1,272

​

​

93,264

​

Operating income

​

$

127,545

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​

11,497

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​

(1,272)

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​

137,770

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​

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​

​

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Equity in earnings of unconsolidated affiliates

​

$

24,411

​

​

—

​

​

—

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​

24,411

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Additions to property and equipment, net

​

$

58,742

​

​

15,378

​

​

—

​

​

74,120

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​

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

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​

​

​

​

Nine Months Ended September 30, 2021

​

​

​

Gathering and

​

Water

​

​

​

Consolidated

​

(in thousands)

    

Processing

    

Handling

    

Unallocated (1)

​

Total

​

Revenues:

​

​

​

​

​

​

​

​

​

​

​

​

​

Revenue–Antero Resources

​

$

566,544

​

​

167,832

​

​

—

​

​

734,376

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Revenue–third-party

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​

—

​

​

340

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​

—

​

​

340

​

Amortization of customer relationships

​

​

(27,813)

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​

(25,191)

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​

—

​

​

(53,004)

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Total revenues

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​

538,731

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​

142,981

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​

—

​

​

681,712

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Operating expenses:

​

​

​

​

​

​

​

​

​

​

​

​

​

Direct operating

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​

50,409

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​

67,959

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​

—

​

​

118,368

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General and administrative

​

​

26,459

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​

17,107

​

​

3,425

​

​

46,991

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Facility idling

​

​

—

​

​

3,033

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​

—

​

​

3,033

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Depreciation

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​

44,268

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​

36,688

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​

—

​

​

80,956

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Impairment of property and equipment

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​

1,218

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​

364

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​

—

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​

1,582

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Accretion of asset retirement obligations

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​

—

​

​

347

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​

—

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​

347

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Loss on asset sale

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​

3,628

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​

—

​

​

—

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​

3,628

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Total operating expenses

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​

125,982

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​

125,498

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​

3,425

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​

254,905

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Operating income

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$

412,749

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​

17,483

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(3,425)

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​

426,807

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Equity in earnings of unconsolidated affiliates

​

$

66,347

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​

—

​

​

—

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​

66,347

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Additions to property and equipment

​

$

120,727

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​

36,221

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​

—

​

​

156,948

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

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​

​

​

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​

​

​

Nine Months Ended September 30, 2022

​

​

​

Gathering and

​

Water

​

​

​

Consolidated

​

(in thousands)

    

Processing

    

Handling

    

Unallocated (1)

​

Total

​

Revenues:

​

​

​

​

​

​

​

​

​

​

​

​

​

Revenue–Antero Resources

​

$

552,154

​

​

176,994

​

​

—

​

​

729,148

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Revenue–third-party

​

​

—

​

​

2,288

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​

—

​

​

2,288

​

Amortization of customer relationships

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​

(27,814)

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​

(25,190)

​

​

—

​

​

(53,004)

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Total revenues

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​

524,340

​

​

154,092

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​

—

​

​

678,432

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Operating expenses:

​

​

​

​

​

​

​

​

​

​

​

​

​

Direct operating

​

​

56,338

​

​

75,621

​

​

—

​

​

131,959

​

General and administrative

​

​

30,081

​

​

13,015

​

​

4,501

​

​

47,597

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Facility idling

​

​

—

​

​

3,198

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​

—

​

​

3,198

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Depreciation

​

​

59,838

​

​

38,343

​

​

—

​

​

98,181

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Impairment of property and equipment

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​

1,130

​

​

2,572

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​

—

​

​

3,702

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Accretion of asset retirement obligations

​

​

—

​

​

178

​

​

—

​

​

178

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Loss on settlement of asset retirement obligations

​

​

—

​

​

539

​

​

—

​

​

539

​

Gain on asset sale

​

​

(2,119)

​

​

(123)

​

​

—

​

​

(2,242)

​

Total operating expenses

​

​

145,268

​

​

133,343

​

​

4,501

​

​

283,112

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Operating income

​

$

379,072

​

​

20,749

​

​

(4,501)

​

​

395,320

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Equity in earnings of unconsolidated affiliates

​

$

70,467

​

​

—

​

​

—

​

​

70,467

​

Additions to property and equipment, net

​

$

190,407

​

​

45,747

​

​

—

​

​

236,154

​

​

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

​

​

The summarized total assets of the Company’s reportable segments are as follows:

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​

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​

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​

​

​

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​

​

​

​

​

​

(Unaudited)

​

​

​

​

​

​

​

​

​

December 31,

​

September 30,

​

(in thousands)

​

​

​

​

​

​

​

2021

​

2022

​

Gathering and Processing

​

​

​

​

​

​

​

$

4,450,939

​

​

4,489,750

​

Water Handling

​

​

​

​

​

​

​

​

1,092,122

​

​

1,073,000

​

Unallocated (1)

​

​

​

​

​

​

​

​

940

​

​

1,071

​

Total assets

​

​

​

​

​

​

​

$

5,544,001

​

​

5,563,821

​

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