Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Summary of Significant Accounting Policies

Reconciliation of income (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 net income (loss) per common share (in thousands):

	Year Ended December 31,
	2021		2022		2023
Net income (loss) attributable to Antero Resources Corporation—common shareholders	$	(186,899)		1,898,771		242,919
Add: Interest expense for 2026 Convertible Notes		—		3,369		1,955
Less: Tax-effect of interest expense for 2026 Convertible Notes		—		(724)		(425)
Net income (loss) attributable to Antero Resources Corporation—common shareholders and assumed conversions	$	(186,899)		1,901,416		244,449
Net income (loss) per common share—basic	$	(0.61)		6.18		0.81
Net income (loss) per common share—diluted	$	(0.61)		5.78		0.78
Weighted average common shares outstanding—basic		308,146		307,202		299,793
Weighted average common shares outstanding—diluted		308,146		329,223		311,597

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):

	Year Ended December 31,
	2021	2022	2023
Basic weighted average number of common shares outstanding	308,146	307,202	299,793
Add: Dilutive effect of RSUs	—	3,341	1,379
Add: Dilutive effect of PSUs	—	2,005	989
Add: Dilutive effect of 2026 Convertible Notes	—	16,675	9,436
Diluted weighted average number of common shares outstanding	308,146	329,223	311,597
Weighted average number of outstanding securities excluded from calculation of diluted net income (loss) per common share (1):
RSUs	6,407	111	1,200
PSUs	2,832	101	199
Stock options	379	346	310
2026 Convertible Notes	18,778	—	—

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