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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
REVENUES:      
Midstream services revenue — affiliate (Note 3) $ 135,798,000 $ 76,750,000 $ 15,142,000
Total revenues 135,798,000 76,750,000 15,142,000
COSTS AND EXPENSES:      
Operations and maintenance [1] 55,858,000 53,922,000 16,597,000
General and administrative [2] 10,301,000 7,368,000 3,991,000
Depreciation and accretion 41,480,000 20,068,000 5,991,000
Impairments 1,300,719,000 0 0
Taxes other than income 13,231,000 7,633,000 97,000
Total costs and expenses 1,421,589,000 88,991,000 26,676,000
Operating loss (1,285,791,000) (12,241,000) (11,534,000)
Unrealized derivative instrument loss (8,470,000) 0 0
Interest income 3,606,000 1,608,000 0
Income from equity method interests, net 19,069,000 0 0
Other (622,000) 0 0
Total other income 13,583,000 1,608,000 0
Financing costs, net of capitalized interest 1,792,000 107,000 0
NET LOSS BEFORE INCOME TAXES (1,274,000,000) (10,740,000) (11,534,000)
Current income tax benefit (15,000) (1,041,000) 0
Deferred income tax (benefit) expense 64,915,000 (9,460,000) 7,041,000
NET LOSS INCLUDING NONCONTROLLING INTERESTS (1,338,900,000) (239,000) (18,575,000)
Net income attributable to Preferred Unit limited partners 38,809,000 0 0
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS (1,377,709,000) (239,000) (18,575,000)
Net income (loss) attributable to Apache limited partner (1,008,039,000) 4,149,000 0
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (369,670,000) $ (4,388,000) $ (18,575,000)
NET LOSS ATTRIBUTABLE TO CLASS A COMMON SHAREHOLDERS, PER SHARE      
Basic (in USD per share) $ (4.93) $ (0.03) $ (0.30)
Diluted (in USD per share) $ (4.93) $ (0.03) $ (0.30)
WEIGHTED AVERAGE SHARES      
Basic (in shares) [3] 74,929 173,125 62,259
Diluted (in shares) [3] 74,929 173,125 62,259
[1]
Includes amounts of $8.8 million, $9.1 million, and $4.7 million to related parties for the years ended December 31, 2019, 2018, and 2017, respectively. Refer to Note 3—Transactions with Affiliates.
[2]
Includes amounts of $5.4 million, $6.5 million, and $4.0 million to related parties for the years ended December 31, 2019, 2018, and 2017, respectively. Refer to Note 3—Transactions with Affiliates.
[3]
For periods prior to the Business Combination, the number of shares has been retroactively restated to reflect the number of shares received by Apache. For further detail of the Business Combination and associated financial statement presentation, please refer to Note 1—Summary of Significant Accounting Policies and Note 2—Recapitalization Transaction.