Antero Resources AR Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Antero Midstream | $314.21M+7.9% | $297M+3.3% | $294.82M+9.2% | $305.47M+13.2% | $291.13M+4.3% | |
| Exploration And Production | $1.9B+43.4% | $1.38B+21.6% | $1.18B+16.9% | $1.26B+36.0% | $1.33B+23.6% | |
| Marketing | $41.66M+63.0% | $31.7M-6.7% | $34.9M-26.0% | $33.74M-31.7% | $25.56M-47.3% | |
| Revenue Third Party by Business | ||||||
| Antero Midstream | $606K+20.0% | $911K+97.2% | $533K+34.3% | $466K+12.6% | $505K-24.7% | |
| Exploration And Production | $1.9B+43.4% | $1.38B+21.6% | $1.18B+16.9% | $1.26B+36.0% | $1.33B+23.6% | |
| Marketing | $41.66M+63.0% | $31.7M-6.7% | $34.9M-26.0% | $33.74M-31.7% | $25.56M-47.3% | |
| Revenue Intersegment by Business | ||||||
| Antero Midstream | $313.61M+7.9% | $296.09M+3.2% | $294.29M+9.2% | $305.01M+13.2% | $290.62M+4.4% | |
| Exploration And Production | $558K+1.8% | $593K+8.6% | $575K-0.5% | $560K-5.4% | $548K-5.8% | |
| Segment Reporting Other Item Amount by Business | ||||||
| Antero Midstream | -$579K-1,216% | -$49K— | -$49K-112% | -$50K+96.5% | -$44K0.0% | |
| Exploration And Production | -$13.91M-5,621% | -$4.67M+3.9% | -$14.56M-1,913% | -$15.76M-256% | $252K+107% | |
| Operating Income by Business | ||||||
| Antero Midstream | $188.61M+6.4% | $100.51M-43.5% | $180.49M+11.1% | $186.44M+22.1% | $177.22M+6.6% | |
| Exploration And Production | $750.34M+160% | $301.86M+297% | $134.28M+1,444% | $223.13M+480% | $288.68M+389% | |
| Marketing | -$20.89M-21.4% | -$12.68M+30.2% | -$16.17M-7.9% | -$18.25M+14.7% | -$17.21M-52.4% | |
| Total Assets by Business | ||||||
| Antero Midstream | $6.41B+11.4% | $5.88B+2.1% | $5.72B-1.0% | $5.73B-0.8% | $5.75B+0.1% | |
| Exploration And Production | $15.33B+17.6% | $13.24B+1.8% | $12.9B-2.4% | $12.76B-4.8% | $13.04B-3.7% | |
| Marketing | $19.14M+118% | $7.39M-26.9% | $13.47M+13.6% | $8.65M-51.4% | $8.77M-26.1% | |
| Total Costs & Expenses by Business | ||||||
| Antero Midstream | $125.6M+10.3% | $196.5M+79.1% | $114.33M+6.4% | $119.03M+1.7% | $113.91M+1.0% | |
| Exploration And Production | $1.15B+11.0% | $1.08B+1.8% | $1.04B+2.6% | $1.04B+5.3% | $1.04B+2.3% | |
| Marketing | $62.55M+46.3% | $44.38M-14.9% | $51.07M-17.8% | $51.99M-26.6% | $42.77M-28.5% | |
| 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-224% | $48.82M+27.3% | $46.18M-16.9% | $36.73M-15.4% | $30.53M-13.0% | |
| Exploration And Production | $206.1M0.0% | $202.91M+58.1% | $202.66M+16.7% | $208.41M+8.3% | $206.15M-7.3% | |
| General And Administrative Expense Excluding Share Based Compensation by Business | ||||||
| Antero Midstream | $11.77M+10.8% | $10.35M+11.1% | $10.29M-5.8% | $10.72M+11.4% | $10.62M-10.7% | |
| Exploration And Production | $51.61M+9.1% | $41.64M-1.4% | $41.44M+7.5% | $41.33M-2.2% | $47.3M+18.9% | |
| Income Loss From Equity Method Investments by Business | ||||||
| Antero Midstream | $30.01M+7.1% | $28.72M+3.4% | $29.69M+7.3% | $30.02M+8.8% | $28.02M+1.8% | |
| Exploration And Production | $30.12M+5.1% | $10.21M-57.3% | $29.06M+13.3% | $30.56M+46.4% | $28.66M+22.8% | |
| D&A by Business | ||||||
| Antero Midstream | $34.64M+5.8% | $33.73M+2.9% | $34.47M+5.9% | $33.36M-11.2% | $32.75M-11.7% | |
| Exploration And Production | $206.24M+10.7% | $186.96M-3.5% | $188.78M-0.3% | $187.59M-0.6% | $186.35M-2.2% | |
| Stock-Based Comp by Business | ||||||
| Antero Midstream | $10.58M-14.7% | $11.12M-2.9% | $11.03M-7.7% | $11.41M-1.7% | $12.4M+33.0% | |
| Exploration And Production | $11.73M-22.5% | $14.31M-16.6% | $15.5M-3.5% | $15.86M-7.6% | $15.15M-5.8% | |
| Equity Method Investments by Business | ||||||
| Antero Midstream | $580.97M-3.2% | $585.78M-3.0% | $592.24M-2.8% | $598.34M-2.4% | $600.35M-3.0% | |
| Exploration And Production | $253.16M+5.6% | $245.65M+6.3% | $256.5M+13.1% | $249.16M+11.5% | $239.67M+6.0% | |
| Revenue by Product | ||||||
| Amortization Of Deferred Revenue Vpp | $5.8M-7.0% | $6.37M-6.5% | $6.37M-6.5% | $6.3M-6.5% | $6.23M-7.5% | |
| Commodity Derivative Fair Value Gains Losses | $35.02M+149% | $90.07M— | $39.24M+114% | $53.41M+1,056% | -$71.67M-859% | |
| Marketings | $41.66M+63.0% | $31.7M-6.7% | $34.9M-26.0% | $33.74M-31.7% | $25.56M-47.3% | |
| Natural Gas Liquids Sales | $503.65M-10.3% | $474.26M-14.7% | $470.39M-6.7% | $480.76M-1.7% | $561.43M+8.4% | |
| Natural Gas Production | $1.31B+68.1% | $773.6M+42.3% | $630.89M+48.2% | $688.75M+83.9% | $780.01M+64.5% | |
| Oil And Condensate | $46.7M-7.2% | $34.77M-29.2% | $31.35M-40.5% | $33.7M-46.9% | $50.34M-22.2% | |
| Other Revenue And Income | $827K+1.1% | $869K+5.7% | $851K-0.4% | $833K-3.7% | $818K-4.3% | |
| Revenue (Gross) by Product | ||||||
| Marketings | $41.66M+63.0% | $31.7M-6.7% | $34.9M-26.0% | $33.74M-31.7% | $25.56M-47.3% | |
| Natural Gas Production | $1.31B+68.1% | $773.6M+42.3% | $630.89M+48.2% | $688.75M+83.9% | $780.01M+64.5% | |
| Oil And Condensate | $46.7M-7.2% | $34.77M-29.2% | $31.35M-40.5% | $33.7M-46.9% | $50.34M-22.2% | |
| Business Combination Pro Forma Information Pro Forma Revenue And Other by Product | ||||||
| Amortization Of Deferred Revenue Vpp | $5.8M-7.0% | —— | —— | —— | $6.23M— | |
| Commodity Derivative Fair Value Gains Losses | -$108.74M+60.5% | —— | —— | —— | -$275.5M— | |
| Marketings | $41.66M+63.0% | —— | —— | —— | $25.56M— | |
| Natural Gas Liquids Sales | $512.55M-11.2% | —— | —— | —— | $577.52M— | |
| Natural Gas Production | $1.42B+43.4% | —— | —— | —— | $987.86M— | |
| Oil And Condensate | $47.87M-6.3% | —— | —— | —— | $51.07M— | |
| Other Revenue And Income | $1.29M-44.0% | —— | —— | —— | $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+18.6% | $830K+18.2% | $844K+25.8% | $648K+0.8% | $668K+11.0% | |
| Marketings | $62.55M+46.3% | $44.38M-14.9% | $51.07M-17.8% | $51.99M-26.6% | $42.77M-28.5% | |
| Natural Gas Gathering Transportation Marketing And Processing | $789.11M+13.5% | $749.68M+9.9% | $711M+3.8% | $701.72M+5.8% | $695.02M+3.4% |
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.
