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Antero Resources AR Antero Midstream — Revenue Intersegment

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Other financials

Income statement

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Revenue$1.6B+20.2%
Operating income$375.5M+83.3%
Net income$286.4M+71.9%
EPS (diluted)$0.90+80.0%

Balance sheet

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Total debt$4.6B+32.2%
Total equity$8.3B+13.8%
Total assets$15.2B+19.3%

Cash flow

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Operating cash flow$438.8M-10.9%
CapEx$4.3M+337%
Free cash flow$434.6M-11.6%

Valuation

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Market cap$10.55B+3.5%
P/E9.4×-11.3×
P/S1.7×-0.4×

Profitability

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Operating margin24.7%+15.0pp
Net margin18.3%+8.2pp
FCF margin32.1%+3.5pp

Returns & leverage

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Return on equity14.4%+7.5pp
Debt / equity0.6×+0.1×
Current ratio0.4×+0.1×

Where this comes from

Reported directly by Antero Resources in its filing.

Tagged under the XBRL concept ar:RevenueIntersegment.

The source filing: Antero Resources’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:17 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-088153
Line itemExploration / and / ProductionMarketingEquity Method / Investment in / Antero / Midstream (1)Elimination of / Unconsolidated / AffiliateConsolidated / Total
Sales and revenues:
Third-party$1,503,26756,0661,559,333
Intersegment509327,244(327,244)509
Total revenue1,503,77656,066327,244(327,244)1,559,842
Operating expenses:
Lease operating48,14848,148
Gathering and compression270,22536,533(36,533)270,225
Processing292,745292,745

Item 1. Financial Statements (Unaudited)

FAQ

What is Antero Resources's antero midstream — revenue intersegment?
Antero Resources (AR) reported antero midstream — revenue intersegment of $327.24M in Q2 2026.
How has Antero Resources's antero midstream — revenue intersegment changed year-over-year?
Antero Resources's antero midstream — revenue intersegment increased by 7.3% year-over-year, from $305.01M to $327.24M.
What is the long-term trend for Antero Resources's antero midstream — revenue intersegment?
Over 4 years (2021 to 2025), Antero Resources's antero midstream — revenue intersegment has grown at a 30.8% compound annual growth rate (CAGR), from $405.28M to $1.19B.
What does antero midstream — revenue intersegment mean?
Revenue derived from services provided to other internal business segments within the same parent organization. This reflects the internal transfer pricing for midstream services like gathering, processing, or transportation provided to the upstream exploration and production segment.

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