QUARTERLY FINANCIAL DATA (Unaudited)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

The following table summarizes quarterly financial data for 2018 and 2017. Alpine High Midstream was identified as the accounting acquirer in the Business Combination. As a result, the financial statements information provided in the table below reflects (i) the historical operating results of Alpine High Midstream prior to the Business Combination; (ii) the consolidated results of the Company and Alpine High Midstream following the closing of the Business Combination; and (iii) the Company’s equity structure for all periods presented.

For further information on the presentation of financial information, the Business Combination, and the calculation of earnings per share data, please refer to Note 1 — Summary of Significant Accounting Policies, Note 2 — Recapitalization Transaction, and Note 12 — Net Loss Per Share.



	First			Second			Third			Fourth
	(In thousands, except per common share data)
2018
Midstream service revenue - Affiliate and other	$	12,099		$	12,517		$	25,437		$	28,305
Net income (loss) before income taxes	(7,570		)	(7,468		)	284			4,014
Net income (loss) attributable to Class A common shareholders	(12,607		)	(11,621		)	19,208			632
Net income (loss) attributable to Class A common shareholders, per share:
Basic	$	(0.09	)	$	(0.06	)	$	0.09		$	0.004
Diluted	(0.09		)	(0.06		)	0.09			0.004

2017
Midstream service revenue - Affiliate	$	—		$	1,570		$	5,368		$	8,204
Net loss before income taxes	—			(2,129		)	(3,354		)	(6,051		)
Net loss attributable to Class A common shareholders	—			(2,429		)	(3,828		)	(12,318		)
Net loss attributable to Class A common shareholders, per share:
Basic	$	—		$	(0.05	)	$	(0.05	)	$	(0.11	)
Diluted	—			(0.05		)	(0.05		)	(0.11		)