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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
REVENUES:      
Total revenues $ 160,617 $ 148,409 $ 135,798
COSTS AND EXPENSES:      
General and administrative [1] 14,182 13,155 10,301
Depreciation and accretion 16,201 15,945 41,480
Impairments 441 1,643 1,300,719
Taxes other than income 13,886 15,069 13,231
Total costs and expenses 95,005 86,793 1,421,589
OPERATING INCOME (LOSS) 65,612 61,616 (1,285,791)
Unrealized derivative instrument gain (loss) 82,114 (36,080) (8,470)
Interest income 4 9 3,606
Income from equity method interests, net 113,764 58,739 19,069
Impairment on equity method interests (160,441) 0 0
Warrants valuation adjustment 664 1,200 11,180
Transaction costs (4,472) 0 0
Other 12,574 (2,306) (622)
Total other income 44,207 21,562 24,763
Financing costs, net of capitalized interest 10,598 2,190 1,792
NET INCOME (LOSS) BEFORE INCOME TAXES 99,221 80,988 (1,262,820)
Current income tax benefit 0 (696) (15)
Deferred income tax expense 0 0 64,915
NET INCOME (LOSS) INCLUDING NONCONTROLLING INTERESTS 99,221 81,684 (1,327,720)
Net income attributable to Preferred Unit limited partners 161,906 75,906 38,809
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS (62,685) 5,778 (1,366,529)
Net income (loss) attributable to Apache limited partner (48,741) 2,987 (1,008,039)
NET INCOME (LOSS) ATTRIBUTABLE TO CLASS A COMMON SHAREHOLDERS $ (13,944) $ 2,791 $ (358,490)
NET INCOME (LOSS) ATTRIBUTABLE TO CLASS A COMMON SHAREHOLDERS, PER SHARE      
Basic (in USD per share) [2] $ (3.72) $ 0.75 $ (95.70)
Diluted (in USD per share) [2] $ (3.86) $ 0.36 $ (95.70)
WEIGHTED AVERAGE SHARES      
Basic (in shares) [2] 3,746 3,746 3,746
Diluted (in shares) [2] 16,246 16,246 3,746
Service      
REVENUES:      
Revenue, affiliate $ 142,727 $ 144,714 $ 135,798
COSTS AND EXPENSES:      
Cost of product and services [3] 32,748 37,993 55,858
Product      
REVENUES:      
Revenue, affiliate 9,754 0 0
Product sales 8,136 3,695 0
COSTS AND EXPENSES:      
Costs of product sales — affiliate (Note 3) 9,754 0 0
Cost of product and services $ 7,793 $ 2,988 $ 0
[1] Includes amounts of $9.1 million, $7.0 million, and $5.4 million associated with related parties for the years ended December 31, 2021, 2020, and 2019, respectively. Refer to Note 2—Transactions with Affiliates.
[2] Share and per share amounts have been retroactively restated to reflect the Company’s reverse stock split, which was effected June 30, 2020. Refer to Note—10 Equity and Warrants for further information.
[3] Includes amounts of $5.6 million, $5.4 million, and $8.8 million associated with related parties for the years ended December 31, 2021, 2020, and 2019, respectively. Refer to Note 2—Transactions with Affiliates.