Quarterly report pursuant to Section 13 or 15(d)

Reporting Segments (Tables)

v3.8.0.1
Reporting Segments (Tables)
3 Months Ended
Mar. 31, 2018
Reporting Segments  
Schedule of financial information concerning the Partnership's segments

Summarized financial information concerning the Partnership’s segments for the periods indicated is shown in the following table (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Water

 

 

 

 

  

Gathering and

  

Handling and

  

Consolidated

 

    

Processing

    

Treatment

    

Total

Three months ended March 31, 2017

 

 

 

 

 

 

 

 

 

Revenues:

 

 

 

 

 

 

 

 

 

Revenue - Antero Resources

 

$

91,524

 

 

83,110

 

 

174,634

Revenue - third-party

 

 

135

 

 

 —

 

 

135

Total revenues

 

 

91,659

 

 

83,110

 

 

174,769

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

Direct operating

 

 

8,114

 

 

39,440

 

 

47,554

General and administrative (before equity-based compensation)

 

 

5,549

 

 

2,622

 

 

8,171

Equity-based compensation

 

 

4,589

 

 

1,697

 

 

6,286

Depreciation

 

 

19,700

 

 

7,836

 

 

27,536

Accretion of contingent acquisition consideration

 

 

 —

 

 

3,526

 

 

3,526

Total expenses

 

 

37,952

 

 

55,121

 

 

93,073

Operating income

 

$

53,707

 

 

27,989

 

 

81,696

 

 

 

 

 

 

 

 

 

 

Equity in earnings of unconsolidated affiliates

 

$

2,231

 

 

 —

 

 

2,231

Total assets

 

$

1,925,752

 

 

645,941

 

 

2,571,693

Additions to property and equipment

 

$

66,559

 

 

36,954

 

 

103,513

 

 

 

 

 

 

 

 

 

 

Three months ended March 31, 2018

 

 

 

 

 

 

 

 

 

Revenues:

 

 

 

 

 

 

 

 

 

Revenue - Antero Resources

 

$

108,177

 

 

120,889

 

 

229,066

Revenue - third-party

 

 

 —

 

 

525

 

 

525

Total revenues

 

 

108,177

 

 

121,414

 

 

229,591

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

Direct operating

 

 

11,382

 

 

55,874

 

 

67,256

General and administrative (before equity-based compensation)

 

 

5,704

 

 

2,540

 

 

8,244

Equity-based compensation

 

 

4,658

 

 

1,553

 

 

6,211

Depreciation

 

 

23,414

 

 

9,018

 

 

32,432

Accretion of contingent acquisition consideration

 

 

 —

 

 

3,874

 

 

3,874

Accretion of asset retirement obligations

 

 

 —

 

 

34

 

 

34

Total expenses

 

 

45,158

 

 

72,893

 

 

118,051

Operating income

 

$

63,019

 

 

48,521

 

 

111,540

 

 

 

 

 

 

 

 

 

 

Equity in earnings of unconsolidated affiliates

 

$

7,862

 

 

 —

 

 

7,862

Total assets

 

$

2,202,193

 

 

933,909

 

 

3,136,102

Additions to property and equipment

 

$

93,774

 

 

34,197

 

 

127,971