XML 79 R66.htm IDEA: XBRL DOCUMENT v3.25.3
Reportable Segments (Details)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
USD ($)
Sep. 30, 2024
USD ($)
Sep. 30, 2025
USD ($)
segment
Sep. 30, 2024
USD ($)
Operating results and assets of reportable segments        
Number of reportable segments | segment     3  
Sales and revenues:        
Sales and revenues - Third-party $ 1,213,419 $ 1,055,342 $ 3,862,511 $ 3,155,093
Sales and revenues - Intersegment 575 578 1,683 1,752
Revenues 1,213,994 1,055,920 3,864,194 3,156,845
Operating expenses:        
Lease operating 32,415 29,597 103,645 88,477
Production and ad valorem taxes 28,884 47,423 119,013 147,524
General and administrative (excluding equity-based compensation) 41,443 38,562 130,071 120,624
Equity-based compensation 15,501 16,065 46,501 49,293
Depletion, depreciation and amortization 188,778 189,266 562,719 568,374
Impairment of property and equipment 12,228 13,455 24,143 18,958
Other 14,557 (803) 30,062 7,244
Total operating expenses 1,095,877 1,080,892 3,269,722 3,214,164
Operating income (loss) 118,117 (24,972) 594,472 (57,319)
Equity in earnings of unconsolidated affiliates 29,055 25,634 88,279 69,862
Capital expenditures for segment assets $ 202,659 $ 173,630 $ 617,213 $ 588,464
Segment reporting Amounts include charges for exploration, accretion of asset retirement obligations, loss on settlement of asset retirement obligations, contract termination, loss contingency and settlements, loss (gain) on sale of assets and other operating expenses, as applicable, which represent segment operating expenses that are not considered significant. Amounts include charges for exploration, accretion of asset retirement obligations, loss on settlement of asset retirement obligations, contract termination, loss contingency and settlements, loss (gain) on sale of assets and other operating expenses, as applicable, which represent segment operating expenses that are not considered significant. Amounts include charges for exploration, accretion of asset retirement obligations, loss on settlement of asset retirement obligations, contract termination, loss contingency and settlements, loss (gain) on sale of assets and other operating expenses, as applicable, which represent segment operating expenses that are not considered significant. Amounts include charges for exploration, accretion of asset retirement obligations, loss on settlement of asset retirement obligations, contract termination, loss contingency and settlements, loss (gain) on sale of assets and other operating expenses, as applicable, which represent segment operating expenses that are not considered significant.
Gathering and compression        
Operating expenses:        
Cost of goods and services sold $ 231,413 $ 226,224 $ 704,377 $ 671,893
Processing        
Operating expenses:        
Cost of goods and services sold 289,035 276,569 834,230 802,349
Transportation        
Operating expenses:        
Cost of goods and services sold 190,555 182,390 569,135 546,664
Marketing        
Sales and revenues:        
Revenues 34,902 47,160 94,203 145,098
Operating expenses:        
Cost of goods and services sold 51,068 62,144 145,826 192,764
Operating segments | Exploration and Production        
Sales and revenues:        
Sales and revenues - Third-party 1,178,517 1,008,182 3,768,308 3,009,995
Sales and revenues - Intersegment 575 578 1,683 1,752
Revenues 1,179,092 1,008,760 3,769,991 3,011,747
Operating expenses:        
Lease operating 32,415 29,597 103,645 88,477
Production and ad valorem taxes 28,884 47,423 119,013 147,524
General and administrative (excluding equity-based compensation) 41,443 38,562 130,071 120,624
Equity-based compensation 15,501 16,065 46,501 49,293
Depletion, depreciation and amortization 188,778 189,266 562,719 568,374
Impairment of property and equipment 12,228 13,455 24,143 18,958
Other 14,557 (803) 30,062 7,244
Total operating expenses 1,044,809 1,018,748 3,123,896 3,021,400
Operating income (loss) 134,283 (9,988) 646,095 (9,653)
Equity in earnings of unconsolidated affiliates 29,055 25,634 88,279 69,862
Capital expenditures for segment assets 202,659 173,630 617,213 588,464
Operating segments | Exploration and Production | Gathering and compression        
Operating expenses:        
Cost of goods and services sold 231,413 226,224 704,377 671,893
Operating segments | Exploration and Production | Processing        
Operating expenses:        
Cost of goods and services sold 289,035 276,569 834,230 802,349
Operating segments | Exploration and Production | Transportation        
Operating expenses:        
Cost of goods and services sold 190,555 182,390 569,135 546,664
Operating segments | Marketing        
Sales and revenues:        
Sales and revenues - Third-party 34,902 47,160 94,203 145,098
Revenues 34,902 47,160 94,203 145,098
Operating expenses:        
Total operating expenses 51,068 62,144 145,826 192,764
Operating income (loss) (16,166) (14,984) (51,623) (47,666)
Operating segments | Marketing | Marketing        
Operating expenses:        
Cost of goods and services sold 51,068 62,144 145,826 192,764
Operating segments | Equity Method Investment in Antero Midstream        
Sales and revenues:        
Sales and revenues - Third-party 533 397 1,504 1,482
Sales and revenues - Intersegment 294,288 269,473 889,918 817,234
Revenues 294,821 269,870 891,422 818,716
Operating expenses:        
General and administrative (excluding equity-based compensation) 10,290 10,927 31,630 32,441
Equity-based compensation 11,026 11,945 34,835 32,871
Facility idling 445 405 1,263 1,339
Depletion, depreciation and amortization 34,465 32,534 100,577 107,205
Impairment of property and equipment 167 332 984 332
Other 49 (424) 143 1,046
Total operating expenses 114,328 107,443 347,262 337,285
Operating income (loss) 180,493 162,427 544,160 481,431
Equity in earnings of unconsolidated affiliates 29,688 27,668 87,724 82,795
Capital expenditures for segment assets 46,175 55,535 113,437 134,007
Operating segments | Equity Method Investment in Antero Midstream | Gathering and compression        
Operating expenses:        
Cost of goods and services sold 29,077 24,516 80,932 76,849
Operating segments | Equity Method Investment in Antero Midstream | Water handling        
Operating expenses:        
Cost of goods and services sold 28,809 27,208 96,898 85,202
Elimination of Unconsolidated Affiliate        
Sales and revenues:        
Sales and revenues - Third-party (533) (397) (1,504) (1,482)
Sales and revenues - Intersegment (294,288) (269,473) (889,918) (817,234)
Revenues (294,821) (269,870) (891,422) (818,716)
Operating expenses:        
General and administrative (excluding equity-based compensation) (10,290) (10,927) (31,630) (32,441)
Equity-based compensation (11,026) (11,945) (34,835) (32,871)
Facility idling (445) (405) (1,263) (1,339)
Depletion, depreciation and amortization (34,465) (32,534) (100,577) (107,205)
Impairment of property and equipment (167) (332) (984) (332)
Other (49) 424 (143) (1,046)
Total operating expenses (114,328) (107,443) (347,262) (337,285)
Operating income (loss) (180,493) (162,427) (544,160) (481,431)
Equity in earnings of unconsolidated affiliates (29,688) (27,668) (87,724) (82,795)
Capital expenditures for segment assets (46,175) (55,535) (113,437) (134,007)
Elimination of Unconsolidated Affiliate | Gathering and compression        
Operating expenses:        
Cost of goods and services sold (29,077) (24,516) (80,932) (76,849)
Elimination of Unconsolidated Affiliate | Water handling        
Operating expenses:        
Cost of goods and services sold $ (28,809) $ (27,208) $ (96,898) $ (85,202)