Antero Resources AR Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Antero Midstream | $1.21B+1.9% | $1.19B+0.8% | $1.18B+2.2% | $1.15B+3.2% | $1.12B+1.1% | |
| Exploration And Production | $5.73B+11.2% | $5.15B+5.0% | $4.9B+3.6% | $4.73B+7.6% | $4.4B+6.1% | |
| Marketing | $142M+12.8% | $125.9M-1.8% | $128.17M-8.7% | $140.43M-10.0% | $156.11M-12.8% | |
| Revenue Third Party by Business | ||||||
| Antero Midstream | $2.52M+4.2% | $2.42M+22.8% | $1.97M+7.4% | $1.83M+2.9% | $1.78M-8.5% | |
| Exploration And Production | $5.72B+11.2% | $5.15B+5.0% | $4.9B+3.6% | $4.73B+7.6% | $4.4B+6.1% | |
| Marketing | $142M+12.8% | $125.9M-1.8% | $128.17M-8.7% | $140.43M-10.0% | $156.11M-12.8% | |
| Revenue Intersegment by Business | ||||||
| Antero Midstream | $1.21B+1.9% | $1.19B+0.8% | $1.18B+2.2% | $1.15B+3.2% | $1.12B+1.1% | |
| Exploration And Production | $2.29M+0.4% | $2.28M+2.1% | $2.23M-0.1% | $2.23M-1.4% | $2.26M-1.5% | |
| Segment Reporting Other Item Amount by Business | ||||||
| Antero Midstream | -$727K-279% | -$192K— | —— | —— | —— | |
| Exploration And Production | -$48.89M-40.8% | -$34.73M+0.5% | -$34.92M-78.5% | -$19.56M-138% | -$8.22M+32.0% | |
| Operating Income by Business | ||||||
| Antero Midstream | $656.06M+1.8% | $644.67M-10.7% | $721.9M+2.6% | $703.83M+5.0% | $670.14M+1.7% | |
| Exploration And Production | $1.41B+48.7% | $947.95M+31.3% | $722.05M+25.0% | $577.77M+95.2% | $295.95M+346% | |
| Marketing | -$67.99M-5.7% | -$64.31M+7.9% | -$69.79M-1.7% | -$68.61M+4.4% | -$71.76M-9.0% | |
| Total Assets by Business | ||||||
| Antero Midstream | $23.74B+2.8% | $23.08B+0.5% | $22.96B-0.3% | $23.02B-0.2% | $23.07B0.0% | |
| Exploration And Production | $54.22B+4.4% | $51.93B+0.5% | $51.7B-0.6% | $52.01B-1.2% | $52.65B-0.9% | |
| Marketing | $48.66M+27.1% | $38.29M-6.6% | $41.01M+4.1% | $39.4M-18.8% | $48.54M-6.0% | |
| Total Costs & Expenses by Business | ||||||
| Antero Midstream | $555.45M+2.2% | $543.76M+19.0% | $457M+1.5% | $450.12M+0.4% | $448.13M+0.2% | |
| Exploration And Production | $4.32B+2.7% | $4.2B+0.5% | $4.18B+0.6% | $4.16B+1.3% | $4.1B+0.6% | |
| Marketing | $209.99M+10.4% | $190.21M-3.9% | $197.97M-5.3% | $209.04M-8.3% | $227.86M-7.0% | |
| Segment Expenditure Addition To Long Lived Assets by Business | ||||||
| Antero Midstream | $93.82M-42.2% | $162.26M+6.9% | $151.78M-5.8% | $161.14M-4.0% | $167.8M-2.6% | |
| Exploration And Production | $820.08M0.0% | $820.12M+10.0% | $745.53M+4.1% | $716.5M+2.3% | $700.48M-2.3% | |
| General And Administrative Expense Excluding Share Based Compensation by Business | ||||||
| Antero Midstream | $43.12M+2.7% | $41.98M+2.5% | $40.94M-1.5% | $41.58M+2.7% | $40.48M-3.0% | |
| Exploration And Production | $176.02M+2.5% | $171.71M-0.4% | $172.32M+1.7% | $169.44M-0.6% | $170.39M+4.6% | |
| Income Loss From Equity Method Investments by Business | ||||||
| Antero Midstream | $118.43M+1.7% | $116.44M+0.8% | $115.5M+1.8% | $113.48M+2.2% | $111.06M+0.4% | |
| Exploration And Production | $99.94M+1.5% | $98.48M-12.2% | $112.2M+3.1% | $108.78M+9.8% | $99.1M+5.7% | |
| D&A by Business | ||||||
| Antero Midstream | $136.2M+1.4% | $134.31M+0.7% | $133.37M+1.5% | $131.44M-3.1% | $135.65M-3.1% | |
| Exploration And Production | $769.56M+2.7% | $749.68M-0.9% | $756.41M-0.1% | $756.9M-0.1% | $757.95M-0.5% | |
| Stock-Based Comp by Business | ||||||
| Antero Midstream | $44.14M-4.0% | $45.96M-0.7% | $46.3M-1.9% | $47.22M-0.4% | $47.41M+6.9% | |
| Exploration And Production | $57.4M-5.6% | $60.81M-4.5% | $63.67M-0.9% | $64.23M-2.0% | $65.53M-1.4% | |
| Equity Method Investments by Business | ||||||
| Antero Midstream | $2.36B-0.8% | $2.38B-0.8% | $2.39B-0.7% | $2.41B-0.6% | $2.43B-0.8% | |
| Exploration And Production | $1B+1.4% | $990.98M+1.5% | $976.38M+3.1% | $946.74M+2.8% | $921.13M+1.5% | |
| Revenue by Product | ||||||
| Amortization Of Deferred Revenue Vpp | $24.83M-1.7% | $25.26M-1.7% | $25.71M-1.7% | $26.15M-1.7% | $26.59M-1.9% | |
| Commodity Derivative Fair Value Gains Losses | $217.74M+96.1% | $111.05M— | —— | —— | —— | |
| Marketings | $142M+12.8% | $125.9M-1.8% | $128.17M-8.7% | $140.43M-10.0% | $156.11M-12.8% | |
| Natural Gas Liquids Sales | $1.93B-2.9% | $1.99B-3.9% | $2.07B-1.6% | $2.1B-0.4% | $2.11B+2.1% | |
| Natural Gas Production | $3.4B+18.5% | $2.87B+8.7% | $2.64B+8.4% | $2.44B+14.8% | $2.12B+16.8% | |
| Oil And Condensate | $146.52M-2.4% | $150.16M-8.7% | $164.51M-11.5% | $185.89M-13.8% | $215.65M-6.3% | |
| Other Revenue And Income | $3.38M+0.3% | $3.37M+1.4% | $3.32M-0.1% | $3.33M-1.0% | $3.36M-1.1% | |
| Revenue (Gross) by Product | ||||||
| Marketings | $142M+12.8% | $125.9M-1.8% | $128.17M-8.7% | $140.43M-10.0% | $156.11M-12.8% | |
| Natural Gas Production | $3.4B+18.5% | $2.87B+8.7% | $2.64B+8.4% | $2.44B+14.8% | $2.12B+16.8% | |
| Oil And Condensate | $146.52M-2.4% | $150.16M-8.7% | $164.51M-11.5% | $185.89M-13.8% | $215.65M-6.3% | |
| Cost of Goods Sold by Product | ||||||
| Exploration | $3.11M+4.1% | $2.99M+4.5% | $2.86M+6.4% | $2.69M+0.2% | $2.68M+2.5% | |
| Marketings | $209.99M+10.4% | $190.21M-3.9% | $197.97M-5.3% | $209.04M-8.3% | $227.86M-7.0% | |
| Natural Gas Gathering Transportation Marketing And Processing | $2.95B+3.3% | $2.86B+2.4% | $2.79B+0.9% | $2.76B+1.4% | $2.73B+0.8% |
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.
