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Reportable Segments | 12 Months Ended
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Dec. 31, 2023
Reportable Segments |
Reportable Segments | (16) Reportable Segments ​ The Company’s operations, which are located in the United States, are organized into two reportable segments: (i) gathering and processing and (ii) water handling. These segments are monitored separately by management for performance and are consistent with internal financial reporting. These segments have been identified based on the differing products and services, regulatory environment and the expertise required for these operations. Management evaluates the performance of the Company’s business segments based on operating income. Interest expense is primarily managed and evaluated on a consolidated basis. (a)Summary of Reportable Segments Gathering and Processing The gathering and processing segment includes a network of gathering pipelines and compressor stations that collect and process production from Antero Resources’ wells in West Virginia and Ohio. The gathering and processing segment also includes equity in earnings from the Company’s investments in the Joint Venture and Stonewall. Water Handling The Company’s water handling segment includes two independent systems that deliver water from sources including the Ohio River, local reservoirs and several regional waterways. Portions of these water handling systems are also utilized to transport flowback and produced water. The water handling systems consist of permanent buried pipelines, surface pipelines and water storage facilities, as well as pumping stations, blending facilities and impoundments to transport water throughout the systems used to deliver water for well completions. (b)Reportable Segments Financial Information The summarized operating results of the Company’s reportable segments are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, 2021 | ​
​ | ​ | Gathering and | ​ | Water | ​ | ​ | ​ | Consolidated | ​
(in thousands) |  | Processing |  | Handling |  | Unallocated (1) | ​ | Total | ​
Revenues: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revenue–Antero Resources | ​ | $ | 749,737 | ​ | ​ | 218,621 | ​ | ​ | — | ​ | ​ | 968,358 | ​
Revenue–third-party | ​ | ​ | — | ​ | ​ | 516 | ​ | ​ | — | ​ | ​ | 516 | ​
Amortization of customer relationships | ​ | ​ | (37,086) | ​ | ​ | (33,586) | ​ | ​ | — | ​ | ​ | (70,672) | ​
Total revenues | ​ | ​ | 712,651 | ​ | ​ | 185,551 | ​ | ​ | — | ​ | ​ | 898,202 | ​
Operating expenses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Direct operating | ​ | ​ | 65,983 | ​ | ​ | 91,137 | ​ | ​ | — | ​ | ​ | 157,120 | ​
General and administrative | ​ | ​ | 36,380 | ​ | ​ | 22,817 | ​ | ​ | 4,641 | ​ | ​ | 63,838 | ​
Facility idling | ​ | ​ | — | ​ | ​ | 3,997 | ​ | ​ | — | ​ | ​ | 3,997 | ​
Depreciation | ​ | ​ | 59,692 | ​ | ​ | 49,098 | ​ | ​ | — | ​ | ​ | 108,790 | ​
Impairment of property and equipment | ​ | ​ | 4,608 | ​ | ​ | 434 | ​ | ​ | — | ​ | ​ | 5,042 | ​
Accretion of asset retirement obligations | ​ | ​ | — | ​ | ​ | 460 | ​ | ​ | — | ​ | ​ | 460 | ​
Loss on asset sale | ​ | ​ | 3,628 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 3,628 | ​
Total operating expenses | ​ | ​ | 170,291 | ​ | ​ | 167,943 | ​ | ​ | 4,641 | ​ | ​ | 342,875 | ​
Operating income | ​ | $ | 542,360 | ​ | ​ | 17,608 | ​ | ​ | (4,641) | ​ | ​ | 555,327 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Equity in earnings of unconsolidated affiliates | ​ | $ | 90,451 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 90,451 | ​
Additions to property and equipment | ​ | $ | 186,588 | ​ | ​ | 46,237 | ​ | ​ | — | ​ | ​ | 232,825 | ​
(1) | Certain expenses that are not directly attributable to gathering and processing and water handling are managed and evaluated on a consolidated basis.
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, 2022 | ​
​ | ​ | Gathering and | ​ | Water | ​ | ​ | ​ | Consolidated | ​
(in thousands) |  | Processing |  | Handling |  | Unallocated (1) | ​ | Total | ​
Revenues: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revenue–Antero Resources | ​ | $ | 743,265 | ​ | ​ | 244,770 | ​ | ​ | — | ​ | ​ | 988,035 | ​
Revenue–third-party | ​ | ​ | — | ​ | ​ | 2,622 | ​ | ​ | — | ​ | ​ | 2,622 | ​
Amortization of customer relationships | ​ | ​ | (37,086) | ​ | ​ | (33,586) | ​ | ​ | — | ​ | ​ | (70,672) | ​
Total revenues | ​ | ​ | 706,179 | ​ | ​ | 213,806 | ​ | ​ | — | ​ | ​ | 919,985 | ​
Operating expenses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Direct operating | ​ | ​ | 75,889 | ​ | ​ | 104,365 | ​ | ​ | — | ​ | ​ | 180,254 | ​
General and administrative | ​ | ​ | 38,972 | ​ | ​ | 17,495 | ​ | ​ | 5,658 | ​ | ​ | 62,125 | ​
Facility idling | ​ | ​ | — | ​ | ​ | 4,166 | ​ | ​ | — | ​ | ​ | 4,166 | ​
Depreciation | ​ | ​ | 81,390 | ​ | ​ | 50,372 | ​ | ​ | — | ​ | ​ | 131,762 | ​
Impairment of property and equipment | ​ | ​ | 1,130 | ​ | ​ | 2,572 | ​ | ​ | — | ​ | ​ | 3,702 | ​
Accretion of asset retirement obligations | ​ | ​ | — | ​ | ​ | 222 | ​ | ​ | — | ​ | ​ | 222 | ​
Loss on settlement of asset retirement obligations | ​ | ​ | — | ​ | ​ | 539 | ​ | ​ | — | ​ | ​ | 539 | ​
Gain on asset sale | ​ | ​ | (2,120) | ​ | ​ | (131) | ​ | ​ | — | ​ | ​ | (2,251) | ​
Total operating expenses | ​ | ​ | 195,261 | ​ | ​ | 179,600 | ​ | ​ | 5,658 | ​ | ​ | 380,519 | ​
Operating income | ​ | $ | 510,918 | ​ | ​ | 34,206 | ​ | ​ | (5,658) | ​ | ​ | 539,466 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Equity in earnings of unconsolidated affiliates | ​ | $ | 94,218 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 94,218 | ​
Additions to property and equipment | ​ | $ | 227,561 | ​ | ​ | 71,363 | ​ | ​ | — | ​ | ​ | 298,924 | ​
(1) | Certain expenses that are not directly attributable to gathering and processing and water handling are managed and evaluated on a consolidated basis.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, 2023 | ​
​ | ​ | Gathering and | ​ | Water | ​ | ​ | ​ | Consolidated | ​
(in thousands) |  | Processing |  | Handling |  | Unallocated (1) | ​ | Total | ​
Revenues: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revenue–Antero Resources | ​ | $ | 842,362 | ​ | ​ | 268,667 | ​ | ​ | — | ​ | ​ | 1,111,029 | ​
Revenue–third-party | ​ | ​ | — | ​ | ​ | 1,414 | ​ | ​ | — | ​ | ​ | 1,414 | ​
Amortization of customer relationships | ​ | ​ | (37,086) | ​ | ​ | (33,586) | ​ | ​ | — | ​ | ​ | (70,672) | ​
Total revenues | ​ | ​ | 805,276 | ​ | ​ | 236,495 | ​ | ​ | — | ​ | ​ | 1,041,771 | ​
Operating expenses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Direct operating | ​ | ​ | 95,507 | ​ | ​ | 117,658 | ​ | ​ | — | ​ | ​ | 213,165 | ​
General and administrative | ​ | ​ | 45,845 | ​ | ​ | 19,859 | ​ | ​ | 5,364 | ​ | ​ | 71,068 | ​
Facility idling | ​ | ​ | — | ​ | ​ | 2,459 | ​ | ​ | — | ​ | ​ | 2,459 | ​
Depreciation | ​ | ​ | 83,409 | ​ | ​ | 52,650 | ​ | ​ | — | ​ | ​ | 136,059 | ​
Impairment of property and equipment | ​ | ​ | 133 | ​ | ​ | 13 | ​ | ​ | — | ​ | ​ | 146 | ​
Accretion of asset retirement obligations | ​ | ​ | — | ​ | ​ | 177 | ​ | ​ | — | ​ | ​ | 177 | ​
Loss on settlement of asset retirement obligations | ​ | ​ | — | ​ | ​ | 805 | ​ | ​ | — | ​ | ​ | 805 | ​
Loss (gain) on asset sale | ​ | ​ | 6,039 | ​ | ​ | (9) | ​ | ​ | — | ​ | ​ | 6,030 | ​
Total operating expenses | ​ | ​ | 230,933 | ​ | ​ | 193,612 | ​ | ​ | 5,364 | ​ | ​ | 429,909 | ​
Operating income | ​ | $ | 574,343 | ​ | ​ | 42,883 | ​ | ​ | (5,364) | ​ | ​ | 611,862 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Equity in earnings of unconsolidated affiliates | ​ | $ | 105,456 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 105,456 | ​
Additions to property and equipment | ​ | $ | 130,305 | ​ | ​ | 53,428 | ​ | ​ | — | ​ | ​ | 183,733 | ​
(1) | Certain expenses that are not directly attributable to gathering and processing and water handling are managed and evaluated on a consolidated basis.
​ The summarized total assets of the Company’s reportable segments are as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | December 31, | ​
(in thousands) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 2022 | ​ | 2023 | ​
Gathering and Processing | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 4,711,069 | ​ | ​ | 4,691,827 | ​
Water Handling | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 1,079,297 | ​ | ​ | 1,045,725 | ​
Unallocated (1) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 954 | ​ | ​ | 66 | ​
Total assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 5,791,320 | ​ | ​ | 5,737,618 | ​
(1) | Certain assets that are not directly attributable to gathering and processing and water handling are managed and evaluated on a consolidated basis.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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