Annual report pursuant to Section 13 and 15(d)

Combined Consolidated Statements of Operations and Comprehensive Income

v3.6.0.2
Combined Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenue:      
Gathering and compression-Antero Resources $ 303,250 $ 230,210 $ 95,746
Water handling and treatment-Antero Resources 282,267 155,954 162,283
Gathering and compression-third party 835 382  
Water handling and treatment-third party   778 8,245
Gain on sale of assets 3,859    
Total revenues 590,211 387,324 266,274
Operating expenses:      
Direct operating 161,587 78,852 48,821
General and administrative (including $11,618, $22,470 and $26,049 of equity-based compensation in 2014, 2015 and 2016, respectively) 54,163 51,206 30,366
Depreciation 99,861 86,670 53,029
Accretion of contingent acquisition consideration 16,489 3,333  
Total operating expenses 332,100 220,061 132,216
Operating income 258,111 167,263 134,058
Interest expense, net (21,893) (8,158) (6,183)
Equity in earnings of unconsolidated affiliates 485    
Net income and comprehensive income 236,703 159,105 127,875
Pre-IPO net income attributable to parent     (98,219)
Pre-Water Acquisition net income attributed to parent   (40,193) (22,234)
General partner's interest in net income attributable to incentive distribution rights (16,944) (1,264)  
Limited partners' interest in net income $ 219,759 $ 117,648 $ 7,422
Basic      
Common units (in dollars per unit) $ 1.24 $ 0.76 $ 0.05
Subordinated units (in dollars per unit) 1.24 0.73 0.05
Diluted      
Common units (in dollars per unit) 1.24 0.76 0.05
Subordinated units (in dollars per unit) $ 1.24 $ 0.73 $ 0.05
Basic      
Common units 100,706 82,538 75,941
Subordinated units 75,941 75,941 75,941
Diluted      
Common units 100,860 82,586 75,941
Subordinated units 75,941 75,941 75,941