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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue and other:        
Revenue $ 652,219 $ 969,477 $ 1,402,693 $ 2,084,145
Commodity derivative fair value gains (losses) (168,015) 328,427 397,818 251,059
Total revenue 484,911 1,299,664 1,802,016 2,337,071
Operating expenses:        
Production and ad valorem taxes 19,992 30,968 45,691 66,646
Impairment of oil and gas properties 37,350 130,999 126,570 212,243
Impairment of midstream assets       6,982
Depletion, depreciation, and amortization 214,035 242,302 413,712 482,503
Loss on sale of assets   951   951
Accretion of asset retirement obligations 1,111 918 2,215 1,894
General and administrative 38,403 42,382 69,624 110,584
Contract termination and rig stacking 11,071 5,604 11,071 13,964
Total operating expenses 1,091,833 1,199,668 2,146,505 2,270,782
Operating income (loss) (606,922) 99,996 (344,489) 66,289
Other income (expenses):        
Equity in earnings (loss) of unconsolidated affiliates 20,228 13,585 (107,827) 27,666
Impairment of equity investment     (610,632)  
Gain on deconsolidation of Antero Midstream Partners LP       1,406,042
Transaction expense (6,138)   (6,138)  
Interest expense, net (51,811) (54,164) (104,913) (126,114)
Gain on early extinguishment of debt 39,171   119,732  
Total other income (expenses) 1,450 (40,579) (709,778) 1,307,594
Income (loss) before income taxes (605,472) 59,417 (1,054,267) 1,373,883
Provision for income tax (expense) benefit 142,404 (17,249) 252,389 (305,959)
Net income (loss) and comprehensive income (loss) including noncontrolling interests (463,068) 42,168 (801,878) 1,067,924
Less: Net income and comprehensive income attributable to noncontrolling interests 236   236 46,993
Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation $ (463,304) $ 42,168 $ (802,114) $ 1,020,931
Income (loss) per share-basic $ (1.73) $ 0.14 $ (2.90) $ 3.31
Income (loss) per share-diluted $ (1.73) $ 0.14 $ (2.90) $ 3.30
Weighted average number of shares outstanding:        
Basic (in shares) 268,386 309,062 276,306 308,879
Diluted (in shares) 268,386 309,137 276,306 309,082
Natural gas sales        
Revenue and other:        
Revenue $ 367,415 $ 553,372 $ 778,497 $ 1,210,638
Natural gas liquids sales        
Revenue and other:        
Revenue 212,197 303,963 469,870 617,648
Oil sales        
Revenue and other:        
Revenue 8,322 49,062 43,968 97,114
Gathering, compression, water handling and treatment        
Revenue and other:        
Revenue       4,479
Operating expenses:        
Cost of goods and services sold 631,845 566,834 1,220,469 991,363
Marketing        
Revenue and other:        
Revenue 64,285 63,080 110,358 154,266
Operating expenses:        
Cost of goods and services sold 113,053 137,539 206,326 300,623
Other income        
Revenue and other:        
Revenue 707 1,760 1,505 1,867
Lease operating        
Operating expenses:        
Cost of goods and services sold 24,742 40,857 50,386 82,589
Exploration        
Operating expenses:        
Cost of goods and services sold $ 231 $ 314 $ 441 $ 440