v3.10.0.1
Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information (Unaudited)  
Schedule of Quarterly Financial Information

 

 

First

 

Second

 

Third

 

Fourth

 

(in thousands, except per unit data)

    

quarter

    

quarter

    

quarter

    

quarter

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

 

Total operating revenues

 

$

229,591

 

 

250,975

 

 

266,205

 

 

281,751

 

Total operating expenses(2)

 

 

118,051

 

 

136,145

 

 

140,159

 

 

26,597

 

Operating income

 

 

111,540

 

 

114,830

 

 

126,046

 

 

255,154

 

Net income

 

 

108,105

 

 

109,466

 

 

119,764

 

 

248,609

 

Less: general partner's interest in net income

 

 

(28,453)

 

 

(33,145)

 

 

(37,816)

 

 

(43,492)

 

Net income attributable to limited partner units

 

$

79,652

 

 

76,321

 

 

81,948

 

 

205,117

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per limited partner unit–basic

 

$

0.43

 

 

0.41

 

 

0.44

 

 

1.10

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per limited partner unit–diluted

 

$

0.43

 

 

0.41

 

 

0.44

 

 

1.09

 


(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.

(2)Operating expenses in the fourth quarter of 2018 reflects a $106 million reduction in the fair value of contingent acquisition consideration.