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STATEMENT OF CONSOLIDATED OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
REVENUES:        
Midstream services revenue — affiliate (Note 3) $ 34,009 $ 25,437 $ 91,994 $ 50,053
Total revenues 34,009 25,437 91,994 50,053
COSTS AND EXPENSES:        
Operations and maintenance [1] 13,063 16,579 43,466 38,798
General and administrative [2] 3,242 1,865 8,314 5,126
Depreciation and accretion 11,710 5,483 28,468 14,404
Impairments 9,338 0 9,338 0
Taxes other than income 3,239 1,226 9,702 6,479
Total costs and expenses 40,592 25,153 99,288 64,807
Operating income (loss) (6,583) 284 (7,294) (14,754)
Unrealized derivative instrument loss (3,769) 0 (3,769) 0
Interest income 617 0 3,584 0
Income from equity method interests, net 1,564 0 536 0
Other 0 0 (17) 0
Total other income (loss) (1,588) 0 334 0
Financing costs, net of capitalized interest 522 0 1,508 0
NET INCOME (LOSS) BEFORE INCOME TAXES (8,693) 284 (8,468) (14,754)
Deferred income tax benefit (505) (18,924) (510) (9,733)
NET INCOME (LOSS) INCLUDING NONCONTROLLING INTERESTS (8,188) 19,208 (7,958) (5,021)
Net income attributable to Preferred Unit limited partners 17,480 0 21,623 0
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS (25,668) 19,208 (29,581) (5,021)
Net loss attributable to Apache limited partner [3] (20,804) 0 (23,524) 0
NET INCOME (LOSS) ATTRIBUTABLE TO CLASS A COMMON SHAREHOLDERS [3] $ (4,864) $ 19,208 $ (6,057) $ (5,021)
NET INCOME (LOSS) ATTRIBUTABLE TO CLASS A COMMON SHAREHOLDERS, PER SHARE        
Basic (in USD per share) [3] $ (0.06) $ 0.09 $ (0.08) $ (0.03)
Diluted (in USD per share) [3] $ (0.07) $ 0.09 $ (0.09) $ (0.03)
WEIGHTED AVERAGE SHARES        
Basic (in shares) [3] 74,929 218,470 74,929 179,493
Diluted (in shares) [3] 324,929 218,470 324,929 179,493
[1]
Includes amounts of $2.2 million and $2.3 million to related parties for the three months ended September 30, 2019 and 2018, respectively, and $7.1 million and $6.6 million for the nine months ended September 30, 2019 and 2018, respectively. Refer to Note 3 — Transactions with Affiliates.
[2]
Includes amounts of $2.1 million and $1.8 million to related parties for the three months ended September 30, 2019 and 2018, respectively, and $4.7 million and $5.1 million for the nine months ended September 30, 2019 and 2018, respectively. Refer to Note 3 — Transactions with Affiliates.
[3]
(3)
For periods prior to the Business Combination (as defined below), the number of shares has been retroactively restated to reflect the number of shares received by Apache. For further detail of the Business Combination and associated financial statement presentation, please refer to Note 1 — Summary of Significant Accounting Policies and Note 2 — Recapitalization Transaction.