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+8.3% | $1.19B+7.4% | $1.18B+9.3% | $1.15B+7.6% | $1.12B+5.4% | |
| Exploration And Production | $5.73B+30.1% | $5.15B+24.2% | $4.9B+18.0% | $4.73B+12.2% | $4.4B+4.8% | |
| Marketing | $142M-9.0% | $125.9M-29.7% | $128.17M-34.5% | $140.43M-30.4% | $156.11M-20.4% | |
| Revenue Third Party by Business | ||||||
| Antero Midstream | $2.52M+41.5% | $2.42M+24.2% | $1.97M-0.1% | $1.83M-6.3% | $1.78M-1.9% | |
| Exploration And Production | $5.72B+30.2% | $5.15B+24.2% | $4.9B+18.1% | $4.73B+12.2% | $4.4B+4.8% | |
| Marketing | $142M-9.0% | $125.9M-29.7% | $128.17M-34.5% | $140.43M-30.4% | $156.11M-20.4% | |
| Revenue Intersegment by Business | ||||||
| Antero Midstream | $1.21B+8.3% | $1.19B+7.4% | $1.18B+9.3% | $1.15B+7.6% | $1.12B+5.4% | |
| Exploration And Production | $2.29M+1.0% | $2.28M-1.0% | $2.23M-4.1% | $2.23M-2.6% | $2.26M+6.8% | |
| Segment Reporting Other Item Amount by Business | ||||||
| Antero Midstream | -$727K— | -$192K— | —— | —— | —— | |
| Exploration And Production | -$48.89M-495% | -$34.73M-187% | -$34.92M-119% | -$19.56M+23.0% | -$8.22M+72.2% | |
| Operating Income by Business | ||||||
| Antero Midstream | $656.06M-2.1% | $644.67M-2.2% | $721.9M+13.3% | $703.83M+10.5% | $670.14M+6.4% | |
| Exploration And Production | $1.41B+376% | $947.95M+1,330% | $722.05M+585% | $577.77M+208% | $295.95M+64.6% | |
| Marketing | -$67.99M+5.3% | -$64.31M+2.3% | -$69.79M-7.7% | -$68.61M-3.5% | -$71.76M-6.6% | |
| Total Assets by Business | ||||||
| Antero Midstream | $23.74B+2.9% | $23.08B+0.1% | $22.96B-0.3% | $23.02B0.0% | $23.07B+0.3% | |
| Exploration And Production | $54.22B+3.0% | $51.93B-2.3% | $51.7B-3.6% | $52.01B-4.0% | $52.65B-3.4% | |
| Marketing | $48.66M+0.2% | $38.29M-25.9% | $41.01M-30.1% | $39.4M-41.2% | $48.54M-29.5% | |
| Total Costs & Expenses by Business | ||||||
| Antero Midstream | $555.45M+23.9% | $543.76M+21.6% | $457M+3.4% | $450.12M+3.3% | $448.13M+3.8% | |
| Exploration And Production | $4.32B+5.2% | $4.2B+3.0% | $4.18B+3.3% | $4.16B+3.1% | $4.1B+2.1% | |
| Marketing | $209.99M-7.8% | $190.21M-22.3% | $197.97M-24.0% | $209.04M-22.0% | $227.86M-13.5% | |
| Segment Expenditure Addition To Long Lived Assets by Business | ||||||
| Antero Midstream | $93.82M-44.1% | $162.26M-5.9% | $151.78M-19.1% | $161.14M-9.2% | $167.8M-4.6% | |
| Exploration And Production | $820.08M+17.1% | $820.12M+14.4% | $745.53M-7.8% | $716.5M-53.7% | $700.48M-57.3% | |
| General And Administrative Expense Excluding Share Based Compensation by Business | ||||||
| Antero Midstream | $43.12M+6.5% | $41.98M+0.5% | $40.94M-3.2% | $41.58M+0.8% | $40.48M-2.4% | |
| Exploration And Production | $176.02M+3.3% | $171.71M+5.4% | $172.32M+6.5% | $169.44M+3.0% | $170.39M+4.2% | |
| Income Loss From Equity Method Investments by Business | ||||||
| Antero Midstream | $118.43M+6.6% | $116.44M+5.3% | $115.5M+4.6% | $113.48M+3.0% | $111.06M+2.3% | |
| Exploration And Production | $99.94M+0.8% | $98.48M+5.0% | $112.2M+19.6% | $108.78M+20.3% | $99.1M+11.8% | |
| D&A by Business | ||||||
| Antero Midstream | $136.2M+0.4% | $134.31M-4.1% | $133.37M-6.1% | $131.44M-6.3% | $135.65M-1.7% | |
| Exploration And Production | $769.56M+1.5% | $749.68M-1.6% | $756.41M-5.4% | $756.9M-3.8% | $757.95M-1.5% | |
| Stock-Based Comp by Business | ||||||
| Antero Midstream | $44.14M-6.9% | $45.96M+3.7% | $46.3M+13.5% | $47.22M+28.5% | $47.41M+43.5% | |
| Exploration And Production | $57.4M-12.4% | $60.81M-8.5% | $63.67M-0.8% | $64.23M+2.0% | $65.53M+7.9% | |
| Equity Method Investments by Business | ||||||
| Antero Midstream | $2.36B-2.9% | $2.38B-2.8% | $2.39B-3.0% | $2.41B-3.3% | $2.43B-3.8% | |
| Exploration And Production | $1B+9.0% | $990.98M+9.2% | $976.38M+8.6% | $946.74M+6.1% | $921.13M+3.9% | |
| Revenue by Product | ||||||
| Amortization Of Deferred Revenue Vpp | $24.83M-6.6% | $25.26M-6.8% | $25.71M-8.1% | $26.15M-9.4% | $26.59M-10.6% | |
| Commodity Derivative Fair Value Gains Losses | $217.74M— | $111.05M— | —— | —— | —— | |
| Marketings | $142M-9.0% | $125.9M-29.7% | $128.17M-34.5% | $140.43M-30.4% | $156.11M-20.4% | |
| Natural Gas Liquids Sales | $1.93B-8.6% | $1.99B-3.9% | $2.07B+4.9% | $2.1B+7.8% | $2.11B+13.5% | |
| Natural Gas Production | $3.4B+60.3% | $2.87B+58.0% | $2.64B+43.3% | $2.44B+26.0% | $2.12B+6.3% | |
| Oil And Condensate | $146.52M-32.1% | $150.16M-34.7% | $164.51M-35.6% | $185.89M-30.0% | $215.65M-17.1% | |
| Other Revenue And Income | $3.38M+0.6% | $3.37M-0.7% | $3.32M+2.6% | $3.33M+13.5% | $3.36M+17.8% | |
| Revenue (Gross) by Product | ||||||
| Marketings | $142M-9.0% | $125.9M-29.7% | $128.17M-34.5% | $140.43M-30.4% | $156.11M-20.4% | |
| Natural Gas Production | $3.4B+60.3% | $2.87B+58.0% | $2.64B+43.3% | $2.44B+26.0% | $2.12B+6.3% | |
| Oil And Condensate | $146.52M-32.1% | $150.16M-34.7% | $164.51M-35.6% | $185.89M-30.0% | $215.65M-17.1% | |
| Cost of Goods Sold by Product | ||||||
| Exploration | $3.11M+16.0% | $2.99M+14.2% | $2.86M— | $2.69M— | $2.68M— | |
| Marketings | $209.99M-7.8% | $190.21M-22.3% | $197.97M-24.0% | $209.04M-22.0% | $227.86M-13.5% | |
| Natural Gas Gathering Transportation Marketing And Processing | $2.95B+8.3% | $2.86B+5.7% | $2.79B+4.0% | $2.76B+3.6% | $2.73B+2.1% |
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.
