Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2023

Summary of Significant Accounting Policies

Reconciliation of earnings (loss) attributable to common stockholders for basic and diluted earnings (loss) per share

The following is a reconciliation of the Company’s income (loss) attributable to common stockholders for basic and diluted income (loss) per share (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2023		2022		2023
Net income (loss) attributable to Antero Resources Corporation—common shareholders	$	765,135		(83,084)		608,716		130,347
Add: Interest expense for 2026 Convertible Notes		967		—		1,934		1,085
Less: Tax-effect of interest expense for 2026 Convertible Notes		(224)		—		(449)		(233)
Net income (loss) attributable to Antero Resources Corporation—common shareholders and assumed conversions	$	765,878		(83,084)		610,201		131,199
Income (loss) per share—basic	$	2.46		(0.28)		1.95		0.44
Income (loss) per share—diluted	$	2.29		(0.28)		1.81		0.42
Weighted average common shares outstanding—basic		310,535		300,141		312,300		298,461
Weighted average common shares outstanding—diluted		334,561		300,141		337,589		311,488

Reconciliation of basic weighted average shares outstanding to diluted weighted average shares outstanding

The following is a reconciliation of the Company’s basic weighted average shares outstanding to diluted weighted average shares outstanding during the periods presented (in thousands):

	Three Months Ended June 30,		Six Months Ended June 30,
	2022	2023	2022	2023
Basic weighted average number of shares outstanding	310,535	300,141	312,300	298,461
Add: Dilutive effect of RSUs	3,161	—	3,629	1,593
Add: Dilutive effect of PSUs	2,108	—	2,892	967
Add: Dilutive effect of 2026 Convertible Notes	18,757	—	18,768	10,467
Diluted weighted average number of shares outstanding	334,561	300,141	337,589	311,488
Weighted average number of outstanding securities excluded from calculation of diluted income (loss) per common share (1):
RSUs	—	4,070	—	2,260
PSUs	—	1,791	—	377
Stock options	351	324	351	324
2026 Convertible Notes	—	9,076	—	—

(1) The potential dilutive effects of these awards were excluded from the computation of income (loss) per common share—diluted because the inclusion of these awards would have been anti-dilutive.