Antero Resources AR Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Antero Midstream | $314.21M+5.8% | $297M+0.7% | $294.82M-3.5% | $305.47M+4.9% | $291.13M+1.3% | |
| Exploration And Production | $1.9B+37.9% | $1.38B+17.0% | $1.18B-6.7% | $1.26B-4.8% | $1.33B+17.0% | |
| Marketing | $41.66M+31.4% | $31.7M-9.2% | $34.9M+3.4% | $33.74M+32.0% | $25.56M-24.8% | |
| Revenue Third Party by Business | ||||||
| Antero Midstream | $606K-33.5% | $911K+70.9% | $533K+14.4% | $466K-7.7% | $505K+9.3% | |
| Exploration And Production | $1.9B+38.0% | $1.38B+17.0% | $1.18B-6.7% | $1.26B-4.8% | $1.33B+17.0% | |
| Marketing | $41.66M+31.4% | $31.7M-9.2% | $34.9M+3.4% | $33.74M+32.0% | $25.56M-24.8% | |
| Revenue Intersegment by Business | ||||||
| Antero Midstream | $313.61M+5.9% | $296.09M+0.6% | $294.29M-3.5% | $305.01M+4.9% | $290.62M+1.3% | |
| Exploration And Production | $558K-5.9% | $593K+3.1% | $575K+2.7% | $560K+2.2% | $548K+0.4% | |
| Segment Reporting Other Item Amount by Business | ||||||
| Antero Midstream | -$579K-1,082% | -$49K0.0% | -$49K+2.0% | -$50K-13.6% | -$44K— | |
| Exploration And Production | -$13.91M-198% | -$4.67M+68.0% | -$14.56M+7.6% | -$15.76M-6,353% | $252K+105% | |
| Operating Income by Business | ||||||
| Antero Midstream | $188.61M+87.7% | $100.51M-44.3% | $180.49M-3.2% | $186.44M+5.2% | $177.22M-0.3% | |
| Exploration And Production | $750.34M+149% | $301.86M+125% | $134.28M-39.8% | $223.13M-22.7% | $288.68M+280% | |
| Marketing | -$20.89M-64.7% | -$12.68M+21.5% | -$16.17M+11.4% | -$18.25M-6.0% | -$17.21M+5.3% | |
| Total Assets by Business | ||||||
| Antero Midstream | $6.41B+8.9% | $5.88B+2.9% | $5.72B-0.2% | $5.73B-0.4% | $5.75B-0.2% | |
| Exploration And Production | $15.33B+15.8% | $13.24B+2.6% | $12.9B+1.1% | $12.76B-2.2% | $13.04B+0.3% | |
| Marketing | $19.14M+159% | $7.39M-45.1% | $13.47M+55.8% | $8.65M-1.4% | $8.77M-13.3% | |
| Total Costs & Expenses by Business | ||||||
| Antero Midstream | $125.6M-36.1% | $196.5M+71.9% | $114.33M-3.9% | $119.03M+4.5% | $113.91M+3.8% | |
| Exploration And Production | $1.15B+7.0% | $1.08B+3.2% | $1.04B+0.4% | $1.04B+0.2% | $1.04B-1.9% | |
| Marketing | $62.55M+40.9% | $44.38M-13.1% | $51.07M-1.8% | $51.99M+21.6% | $42.77M-18.0% | |
| Gain Loss On Disposition Of Assets1 by Business | ||||||
| Antero Midstream | $2.66M— | —— | —— | —— | —— | |
| Exploration And Production | $45.95M— | —— | —— | —— | —— | |
| Segment Expenditure Addition To Long Lived Assets by Business | ||||||
| Antero Midstream | -$37.91M-178% | $48.82M+5.7% | $46.18M+25.7% | $36.73M+20.3% | $30.53M-20.4% | |
| Exploration And Production | $206.1M+1.6% | $202.91M+0.1% | $202.66M-2.8% | $208.41M+1.1% | $206.15M+60.7% | |
| General And Administrative Expense Excluding Share Based Compensation by Business | ||||||
| Antero Midstream | $11.77M+13.7% | $10.35M+0.5% | $10.29M-4.0% | $10.72M+0.9% | $10.62M+14.1% | |
| Exploration And Production | $51.61M+23.9% | $41.64M+0.5% | $41.44M+0.3% | $41.33M-12.6% | $47.3M+11.9% | |
| Income Loss From Equity Method Investments by Business | ||||||
| Antero Midstream | $30.01M+4.5% | $28.72M-3.3% | $29.69M-1.1% | $30.02M+7.1% | $28.02M+0.9% | |
| Exploration And Production | $30.12M+195% | $10.21M-64.9% | $29.06M-4.9% | $30.56M+6.6% | $28.66M+19.8% | |
| D&A by Business | ||||||
| Antero Midstream | $34.64M+2.7% | $33.73M-2.1% | $34.47M+3.3% | $33.36M+1.9% | $32.75M-0.1% | |
| Exploration And Production | $206.24M+10.3% | $186.96M-1.0% | $188.78M+0.6% | $187.59M+0.7% | $186.35M-3.8% | |
| Stock-Based Comp by Business | ||||||
| Antero Midstream | $10.58M-4.9% | $11.12M+0.9% | $11.03M-3.3% | $11.41M-8.0% | $12.4M+8.2% | |
| Exploration And Production | $11.73M-18.0% | $14.31M-7.7% | $15.5M-2.2% | $15.86M+4.7% | $15.15M-11.8% | |
| Equity Method Investments by Business | ||||||
| Antero Midstream | $580.97M-0.8% | $585.78M-1.1% | $592.24M-1.0% | $598.34M-0.3% | $600.35M-0.6% | |
| Exploration And Production | $253.16M+3.1% | $245.65M-4.2% | $256.5M+2.9% | $249.16M+4.0% | $239.67M+3.7% | |
| Revenue by Product | ||||||
| Amortization Of Deferred Revenue Vpp | $5.8M-9.0% | $6.37M0.0% | $6.37M+1.1% | $6.3M+1.1% | $6.23M-8.5% | |
| Commodity Derivative Fair Value Gains Losses | $35.02M-61.1% | $90.07M+130% | $39.24M-26.5% | $53.41M+175% | -$71.67M— | |
| Marketings | $41.66M+31.4% | $31.7M-9.2% | $34.9M+3.4% | $33.74M+32.0% | $25.56M-24.8% | |
| Natural Gas Liquids Sales | $503.65M+6.2% | $474.26M+0.8% | $470.39M-2.2% | $480.76M-14.4% | $561.43M+1.0% | |
| Natural Gas Production | $1.31B+69.5% | $773.6M+22.6% | $630.89M-8.4% | $688.75M-11.7% | $780.01M+43.4% | |
| Oil And Condensate | $46.7M+34.3% | $34.77M+10.9% | $31.35M-7.0% | $33.7M-33.0% | $50.34M+2.5% | |
| Other Revenue And Income | $827K-4.8% | $869K+2.1% | $851K+2.2% | $833K+1.8% | $818K-0.5% | |
| Revenue (Gross) by Product | ||||||
| Marketings | $41.66M+31.4% | $31.7M-9.2% | $34.9M+3.4% | $33.74M+32.0% | $25.56M-24.8% | |
| Natural Gas Production | $1.31B+69.5% | $773.6M+22.6% | $630.89M-8.4% | $688.75M-11.7% | $780.01M+43.4% | |
| Oil And Condensate | $46.7M+34.3% | $34.77M+10.9% | $31.35M-7.0% | $33.7M-33.0% | $50.34M+2.5% | |
| Business Combination Pro Forma Information Pro Forma Revenue And Other by Product | ||||||
| Amortization Of Deferred Revenue Vpp | $5.8M— | —— | —— | —— | $6.23M— | |
| Commodity Derivative Fair Value Gains Losses | -$108.74M— | —— | —— | —— | -$275.5M— | |
| Marketings | $41.66M— | —— | —— | —— | $25.56M— | |
| Natural Gas Liquids Sales | $512.55M— | —— | —— | —— | $577.52M— | |
| Natural Gas Production | $1.42B— | —— | —— | —— | $987.86M— | |
| Oil And Condensate | $47.87M— | —— | —— | —— | $51.07M— | |
| Other Revenue And Income | $1.29M— | —— | —— | —— | $2.31M— | |
| Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual by Product | ||||||
| Commodity Derivative Fair Value Gains Losses | $49.22M— | —— | —— | —— | —— | |
| Natural Gas Liquids Sales | $15.59M— | —— | —— | —— | —— | |
| Natural Gas Production | $178.3M— | —— | —— | —— | —— | |
| Oil And Condensate | $2.8M— | —— | —— | —— | —— | |
| Cost of Goods Sold by Product | ||||||
| Exploration | $792K-4.6% | $830K-1.7% | $844K+30.2% | $648K-3.0% | $668K-4.8% | |
| Marketings | $62.55M+40.9% | $44.38M-13.1% | $51.07M-1.8% | $51.99M+21.6% | $42.77M-18.0% | |
| Natural Gas Gathering Transportation Marketing And Processing | $789.11M+5.3% | $749.68M+5.4% | $711M+1.3% | $701.72M+1.0% | $695.02M+1.9% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Antero Resources break its business down?
- Antero Resources (AR) reports revenue by business across 3 parts — Antero Midstream, Exploration And Production and Marketing. Each is extracted from the segment footnotes and tracked over time.
- Where does Antero Resources's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Antero Resources's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
