v3.25.0.1
Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue and other:      
Total revenue $ 4,325,596 $ 4,681,972 $ 7,138,436
Operating expenses:      
Lease operating 118,693 118,441 99,595
Production and ad valorem taxes 207,671 158,855 287,406
General and administrative (including equity-based compensation expense of $35,443, $59,519 and $66,462 in 2022, 2023 and 2024, respectively) 229,338 224,516 172,909
Depletion, depreciation and amortization 762,068 746,849 715,163
Impairment of property and equipment 47,433 51,302 149,731
Accretion of asset retirement obligations 3,759 3,244 4,627
Contract termination, loss contingency and settlements 4,468 52,606 25,099
Loss (gain) on sale of assets 862 (447) 471
Other operating expense 390 336  
Total operating expenses 4,325,136 4,285,725 4,599,094
Operating income 460 396,247 2,539,342
Other income (expense):      
Interest expense, net (118,207) (117,870) (125,372)
Equity in earnings of unconsolidated affiliates 93,787 82,952 72,327
Loss on early extinguishment of debt (528)   (46,027)
Loss on convertible note inducements   (374) (169)
Total other expense (24,948) (35,292) (99,241)
Income (loss) before income taxes (24,488) 360,955 2,440,101
Income tax (expense) benefit 118,185 (63,626) (441,264)
Net income and comprehensive income including noncontrolling interests 93,697 297,329 1,998,837
Less: net income and comprehensive income attributable to noncontrolling interests 36,471 98,925 127,201
Net income and comprehensive income attributable to Antero Resources Corporation $ 57,226 $ 198,404 $ 1,871,636
Income per share-basic (in dollars per share) $ 0.18 $ 0.66 $ 6.09
Income per share-diluted (in dollars per share) $ 0.18 $ 0.64 $ 5.69
Weighted average number of common shares outstanding:      
Basic (in shares) 309,489 299,793 307,202
Diluted (in shares) 313,414 311,597 329,223
Natural gas sales      
Revenue and other:      
Total revenue $ 1,818,297 $ 2,192,349 $ 5,520,419
Natural gas liquids sales      
Revenue and other:      
Total revenue 2,066,975 1,836,950 2,498,657
Oil sales      
Revenue and other:      
Total revenue 230,027 247,146 275,673
Gathering, compression, processing and transportation      
Operating expenses:      
Cost of goods and services sold 2,702,930 2,642,358 2,605,380
Commodity derivative fair value gains (losses)      
Revenue and other:      
Total revenue 731 166,324 (1,615,836)
Marketing      
Revenue and other:      
Total revenue 179,069 206,122 416,758
Operating expenses:      
Cost of goods and services sold 244,906 284,965 531,304
Amortization of deferred revenue, VPP      
Revenue and other:      
Total revenue 27,101 30,552 37,603
Other revenue and income      
Revenue and other:      
Total revenue 3,396 2,529 5,162
Exploration and mine expenses      
Operating expenses:      
Cost of goods and services sold $ 2,618 $ 2,700 $ 7,409

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