Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Information (Unaudited) (Tables)

v3.8.0.1
Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information (Unaudited)  
Schedule of Quarterly Financial Information

Our quarterly financial information for the years ended December 31, 2016 and 2017 is as follows (in thousands, except per unit data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First

 

Second

 

Third

 

Forth

 

 

    

quarter

    

quarter

    

quarter

    

quarter

 

Year ended December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

Total operating revenues

 

$

136,072

 

 

136,810

 

 

150,475

 

 

166,854

 

Total operating expenses

 

 

89,452

 

 

83,503

 

 

76,192

 

 

82,953

 

Operating income

 

 

46,620

 

 

53,307

 

 

74,283

 

 

83,901

 

Net income

 

 

42,916

 

 

49,912

 

 

70,524

 

 

73,351

 

Less: general partner's interest in net income

 

 

(1,850)

 

 

(2,731)

 

 

(4,806)

 

 

(7,557)

 

Net income attributable to limited partner units

 

$

41,066

 

 

47,181

 

 

65,718

 

 

65,794

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per limited partner unit - basic and diluted

 

$

0.23

 

 

0.27

 

 

0.37

 

 

0.37

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

Total operating revenues

 

$

174,770

 

 

193,766

 

 

193,629

 

 

210,332

 

Total operating expenses(1)

 

 

93,073

 

 

101,199

 

 

110,458

 

 

143,089

 

Operating income

 

 

81,697

 

 

92,567

 

 

83,171

 

 

67,243

 

Net income

 

 

75,092

 

 

87,175

 

 

80,893

 

 

64,155

 

Less: general partner's interest in net income

 

 

(11,553)

 

 

(15,328)

 

 

(19,067)

 

 

(23,772)

 

Net income attributable to limited partner units

 

$

63,539

 

 

71,847

 

 

61,826

 

 

40,383

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per limited partner unit - basic and diluted

 

$

0.35

 

 

0.39

 

 

0.33

 

 

0.22

 


(1)Operating expenses in the fourth quarter of 2017 include $23 million of impairment on certain condensate gathering lines that Antero Resources no longer uses.