XML 51 R36.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Reportable Segments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Reportable Segments |
Schedule of operating results and assets of the Company's reportable segments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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.

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration