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STATEMENT OF CONSOLIDATED OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
REVENUES:    
Midstream services revenue — affiliate (Note 2) $ 40,767 $ 33,847
Total revenues 40,767 33,847
COSTS AND EXPENSES:    
Operations and maintenance [1] 10,591 16,399
General and administrative [2] 4,178 2,991
Depreciation and accretion 3,914 7,651
Taxes other than income 3,443 2,575
Total costs and expenses 22,126 29,616
OPERATING INCOME 18,641 4,231
OTHER INCOME (LOSS):    
Unrealized derivative instrument loss (61,984) 0
Interest income 7 2,161
Income from equity method interests, net 16,298 270
Other (177) 0
Total other income (loss) (45,856) 2,431
Financing costs, net of capitalized interest 273 508
Current income tax benefit (27,488) 6,154
Current income tax benefit (696) 0
Deferred income tax expense 0 426
NET INCOME (LOSS) INCLUDING NONCONTROLLING INTERESTS (26,792) 5,728
Net income attributable to Preferred Unit limited partners 18,262 0
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS (45,054) 5,728
Net income (loss) attributable to Apache limited partner (35,201) 4,628
NET INCOME (LOSS) ATTRIBUTABLE TO CLASS A COMMON SHAREHOLDERS $ (9,853) $ 1,100
NET INCOME (LOSS) ATTRIBUTABLE TO CLASS A COMMON SHAREHOLDERS, PER SHARE    
Basic (in USD per share) $ (0.13) $ 0.01
Diluted (in USD per share) $ (0.14) $ 0.01
WEIGHTED AVERAGE SHARES    
Basic (in shares) 74,929 74,929
Diluted (in shares) 324,929 324,929
[1]
Includes amounts of $1.4 million and $2.9 million to related parties for the three months ended March 31, 2020 and 2019, respectively. Refer to Note 2—Transactions with Affiliates.
[2]
Includes amounts of $2.0 million and $1.6 million to related parties for the three months ended March 31, 2020 and 2019, respectively. Refer to Note 2—Transactions with Affiliates.