Reportable Segments (Details)
$ in Thousands |
12 Months Ended |
|
Dec. 31, 2025
USD ($)
segment
|
Dec. 31, 2024
USD ($)
|
Dec. 31, 2023
USD ($)
|
| Operating results and assets of reportable segments |
|
|
|
| Number of reportable segments | segment |
3
|
|
|
| Sales and revenues: |
|
|
|
| Sales and revenues - Third-party |
$ 5,273,547
|
$ 4,323,298
|
$ 4,680,091
|
| Sales and revenues - Intersegment |
2,276
|
2,298
|
1,881
|
| Revenues |
5,275,823
|
4,325,596
|
4,681,972
|
| Operating expenses: |
|
|
|
| Lease operating |
135,124
|
118,693
|
118,441
|
| Production and ad valorem taxes |
163,135
|
207,671
|
158,855
|
| General and administrative (excluding equity-based compensation) |
171,714
|
162,876
|
164,997
|
| Equity-based compensation |
60,812
|
66,462
|
59,519
|
| Depletion, depreciation and amortization |
749,675
|
762,068
|
746,849
|
| Impairment of property and equipment |
29,358
|
47,433
|
51,302
|
| Other |
34,727
|
12,097
|
58,439
|
| Total operating expenses |
4,392,177
|
4,325,136
|
4,285,725
|
| Operating income (loss) |
883,646
|
460
|
396,247
|
| Equity in earnings of unconsolidated affiliates |
98,484
|
93,787
|
82,952
|
| Capital expenditures for segment assets |
$ 820,122
|
$ 716,779
|
$ 1,131,863
|
| Segment reporting |
Amounts include charges for exploration expenses, accretion 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 expenses, 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 expenses, accretion of asset retirement obligations, loss on settlement of asset retirement obligations, contract termination, loss contingency and settlements, loss (gain) on sale of assets, as applicable, which represent segment operating expenses that are not considered significant.
|
| Gathering and compression |
|
|
|
| Operating expenses: |
|
|
|
| Gathering, compression, processing and transportation |
$ 946,900
|
$ 897,160
|
$ 858,462
|
| Processing |
|
|
|
| Operating expenses: |
|
|
|
| Gathering, compression, processing and transportation |
1,125,358
|
1,069,887
|
1,014,181
|
| Transportation |
|
|
|
| Operating expenses: |
|
|
|
| Gathering, compression, processing and transportation |
785,168
|
735,883
|
769,715
|
| Marketing |
|
|
|
| Sales and revenues: |
|
|
|
| Revenues |
125,900
|
179,069
|
206,122
|
| Operating expenses: |
|
|
|
| Gathering, compression, processing and transportation |
190,206
|
244,906
|
284,965
|
| Operating segments | Exploration and Production |
|
|
|
| Sales and revenues: |
|
|
|
| Sales and revenues - Third-party |
5,147,647
|
4,144,229
|
4,473,969
|
| Sales and revenues - Intersegment |
2,276
|
2,298
|
1,881
|
| Revenues |
5,149,923
|
4,146,527
|
4,475,850
|
| Operating expenses: |
|
|
|
| Lease operating |
135,124
|
118,693
|
118,441
|
| Production and ad valorem taxes |
163,135
|
207,671
|
158,855
|
| General and administrative (excluding equity-based compensation) |
171,714
|
162,876
|
164,997
|
| Equity-based compensation |
60,812
|
66,462
|
59,519
|
| Depletion, depreciation and amortization |
749,675
|
762,068
|
746,849
|
| Impairment of property and equipment |
29,358
|
47,433
|
51,302
|
| Other |
34,727
|
12,097
|
34,676
|
| Total operating expenses |
4,201,971
|
4,080,230
|
3,976,997
|
| Operating income (loss) |
947,952
|
66,297
|
498,853
|
| Equity in earnings of unconsolidated affiliates |
98,484
|
93,787
|
82,952
|
| Capital expenditures for segment assets |
820,122
|
716,779
|
1,131,863
|
| Operating segments | Exploration and Production | Gathering and compression |
|
|
|
| Operating expenses: |
|
|
|
| Gathering, compression, processing and transportation |
946,900
|
897,160
|
858,462
|
| Operating segments | Exploration and Production | Processing |
|
|
|
| Operating expenses: |
|
|
|
| Gathering, compression, processing and transportation |
1,125,358
|
1,069,887
|
1,014,181
|
| Operating segments | Exploration and Production | Transportation |
|
|
|
| Operating expenses: |
|
|
|
| Gathering, compression, processing and transportation |
785,168
|
735,883
|
769,715
|
| Operating segments | Marketing |
|
|
|
| Sales and revenues: |
|
|
|
| Sales and revenues - Third-party |
125,900
|
179,069
|
206,122
|
| Revenues |
125,900
|
179,069
|
206,122
|
| Operating expenses: |
|
|
|
| Other |
|
|
23,763
|
| Total operating expenses |
190,206
|
244,906
|
308,728
|
| Operating income (loss) |
(64,306)
|
(65,837)
|
(102,606)
|
| Operating segments | Marketing | Marketing |
|
|
|
| Operating expenses: |
|
|
|
| Gathering, compression, processing and transportation |
190,206
|
244,906
|
284,965
|
| Operating segments | Equity Method Investment in Antero Midstream |
|
|
|
| Sales and revenues: |
|
|
|
| Sales and revenues - Third-party |
2,415
|
1,944
|
1,414
|
| Sales and revenues - Intersegment |
1,186,011
|
1,104,249
|
1,040,357
|
| Revenues |
1,188,426
|
1,106,193
|
1,041,771
|
| Operating expenses: |
|
|
|
| General and administrative (excluding equity-based compensation) |
41,976
|
41,754
|
39,462
|
| Equity-based compensation |
45,958
|
44,332
|
31,606
|
| Facility idling |
1,801
|
1,721
|
2,459
|
| Depletion, depreciation and amortization |
134,310
|
140,000
|
136,059
|
| Impairment of property and equipment |
984
|
332
|
146
|
| Loss on long-lived assets |
86,626
|
|
|
| Other |
192
|
912
|
7,012
|
| Total operating expenses |
543,757
|
447,027
|
429,909
|
| Operating income (loss) |
644,669
|
659,166
|
611,862
|
| Equity in earnings of unconsolidated affiliates |
116,439
|
110,573
|
105,456
|
| Capital expenditures for segment assets |
162,255
|
172,347
|
183,733
|
| Operating segments | Equity Method Investment in Antero Midstream | Gathering and compression |
|
|
|
| Operating expenses: |
|
|
|
| Gathering, compression, processing and transportation |
107,846
|
103,053
|
95,507
|
| Operating segments | Equity Method Investment in Antero Midstream | Water handling |
|
|
|
| Operating expenses: |
|
|
|
| Gathering, compression, processing and transportation |
124,064
|
114,923
|
117,658
|
| Elimination of Unconsolidated Affiliate |
|
|
|
| Sales and revenues: |
|
|
|
| Sales and revenues - Third-party |
(2,415)
|
(1,944)
|
(1,414)
|
| Sales and revenues - Intersegment |
(1,186,011)
|
(1,104,249)
|
(1,040,357)
|
| Revenues |
(1,188,426)
|
(1,106,193)
|
(1,041,771)
|
| Operating expenses: |
|
|
|
| General and administrative (excluding equity-based compensation) |
(41,976)
|
(41,754)
|
(39,462)
|
| Equity-based compensation |
(45,958)
|
(44,332)
|
(31,606)
|
| Facility idling |
(1,801)
|
(1,721)
|
(2,459)
|
| Depletion, depreciation and amortization |
(134,310)
|
(140,000)
|
(136,059)
|
| Impairment of property and equipment |
(984)
|
(332)
|
(146)
|
| Loss on long-lived assets |
(86,626)
|
|
|
| Other |
(192)
|
(912)
|
(7,012)
|
| Total operating expenses |
(543,757)
|
(447,027)
|
(429,909)
|
| Operating income (loss) |
(644,669)
|
(659,166)
|
(611,862)
|
| Equity in earnings of unconsolidated affiliates |
(116,439)
|
(110,573)
|
(105,456)
|
| Capital expenditures for segment assets |
(162,255)
|
(172,347)
|
(183,733)
|
| Elimination of Unconsolidated Affiliate | Gathering and compression |
|
|
|
| Operating expenses: |
|
|
|
| Gathering, compression, processing and transportation |
(107,846)
|
(103,053)
|
(95,507)
|
| Elimination of Unconsolidated Affiliate | Water handling |
|
|
|
| Operating expenses: |
|
|
|
| Gathering, compression, processing and transportation |
$ (124,064)
|
$ (114,923)
|
$ (117,658)
|