Reportable Segments (Details)
$ in Thousands |
3 Months Ended |
6 Months Ended |
|
Jun. 30, 2026
USD ($)
|
Jun. 30, 2025
USD ($)
|
Jun. 30, 2026
USD ($)
segment
|
Jun. 30, 2025
USD ($)
|
| Operating results and assets of reportable segments |
|
|
|
|
| Number of reportable segments | segment |
|
|
3
|
|
| Sales and revenues: |
|
|
|
|
| Sales and revenues - Third-party |
$ 1,559,333
|
$ 1,296,933
|
$ 3,503,901
|
$ 2,649,092
|
| Sales and revenues - Intersegment |
509
|
560
|
1,067
|
1,108
|
| Total revenue |
1,559,842
|
1,297,493
|
3,504,968
|
2,650,200
|
| Operating expenses: |
|
|
|
|
| Lease operating |
48,148
|
37,244
|
92,677
|
71,230
|
| Production and ad valorem taxes |
37,535
|
34,830
|
118,532
|
90,129
|
| General and administrative (excluding equity-based compensation) |
44,529
|
41,328
|
96,136
|
88,628
|
| Equity-based compensation |
13,266
|
15,855
|
24,999
|
31,000
|
| Depletion, depreciation and amortization |
227,254
|
187,589
|
433,493
|
373,941
|
| Impairment of property and equipment |
4,455
|
6,297
|
5,403
|
11,915
|
| Gain on sale of assets |
(14,616)
|
546
|
(60,566)
|
(29)
|
| Other |
(11,044)
|
15,757
|
17,484
|
15,505
|
| Total operating expenses |
1,184,383
|
1,092,610
|
2,400,057
|
2,173,845
|
| Operating income (loss) |
375,459
|
204,883
|
1,104,911
|
476,355
|
| Equity in earnings of unconsolidated affiliates |
29,379
|
30,563
|
59,497
|
59,224
|
| Capital expenditures for segment assets |
$ 340,716
|
$ 208,409
|
$ 546,817
|
$ 414,554
|
| 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 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 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 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 and other operating expenses, as applicable, which represent segment operating expenses that are not considered significant.
|
| Gathering and compression |
|
|
|
|
| Operating expenses: |
|
|
|
|
| Gathering, compression, processing, transportation, water handling and marketing |
$ 270,225
|
$ 236,830
|
$ 539,338
|
$ 472,964
|
| Processing |
|
|
|
|
| Operating expenses: |
|
|
|
|
| Gathering, compression, processing, transportation, water handling and marketing |
292,745
|
284,040
|
580,513
|
545,195
|
| Transportation |
|
|
|
|
| Operating expenses: |
|
|
|
|
| Gathering, compression, processing, transportation, water handling and marketing |
185,211
|
180,852
|
417,436
|
378,580
|
| Marketing |
|
|
|
|
| Sales and revenues: |
|
|
|
|
| Total revenue |
56,066
|
33,743
|
97,727
|
59,301
|
| Operating expenses: |
|
|
|
|
| Gathering, compression, processing, transportation, water handling and marketing |
72,059
|
51,988
|
134,612
|
94,758
|
| Operating segments | Exploration and Production |
|
|
|
|
| Sales and revenues: |
|
|
|
|
| Sales and revenues - Third-party |
1,503,267
|
1,263,190
|
3,406,174
|
2,589,791
|
| Sales and revenues - Intersegment |
509
|
560
|
1,067
|
1,108
|
| Total revenue |
1,503,776
|
1,263,750
|
3,407,241
|
2,590,899
|
| Operating expenses: |
|
|
|
|
| Lease operating |
48,148
|
37,244
|
92,677
|
71,230
|
| Production and ad valorem taxes |
37,535
|
34,830
|
118,532
|
90,129
|
| General and administrative (excluding equity-based compensation) |
44,529
|
41,328
|
96,136
|
88,628
|
| Equity-based compensation |
13,266
|
15,855
|
24,999
|
31,000
|
| Depletion, depreciation and amortization |
227,254
|
187,589
|
433,493
|
373,941
|
| Impairment of property and equipment |
4,455
|
6,297
|
5,403
|
11,915
|
| Gain on sale of assets |
|
|
(60,566)
|
|
| Other |
(11,044)
|
15,757
|
17,484
|
15,505
|
| Total operating expenses |
1,112,324
|
1,040,622
|
2,265,445
|
2,079,087
|
| Operating income (loss) |
391,452
|
223,128
|
1,141,796
|
511,812
|
| Equity in earnings of unconsolidated affiliates |
29,379
|
30,563
|
59,497
|
59,224
|
| Capital expenditures for segment assets |
340,716
|
208,409
|
546,817
|
414,554
|
| Operating segments | Exploration and Production | Gathering and compression |
|
|
|
|
| Operating expenses: |
|
|
|
|
| Gathering, compression, processing, transportation, water handling and marketing |
270,225
|
236,830
|
539,338
|
472,964
|
| Operating segments | Exploration and Production | Processing |
|
|
|
|
| Operating expenses: |
|
|
|
|
| Gathering, compression, processing, transportation, water handling and marketing |
292,745
|
284,040
|
580,513
|
545,195
|
| Operating segments | Exploration and Production | Transportation |
|
|
|
|
| Operating expenses: |
|
|
|
|
| Gathering, compression, processing, transportation, water handling and marketing |
185,211
|
180,852
|
417,436
|
378,580
|
| Operating segments | Marketing |
|
|
|
|
| Sales and revenues: |
|
|
|
|
| Sales and revenues - Third-party |
56,066
|
33,743
|
97,727
|
59,301
|
| Total revenue |
56,066
|
33,743
|
97,727
|
59,301
|
| Operating expenses: |
|
|
|
|
| Total operating expenses |
72,059
|
51,988
|
134,612
|
94,758
|
| Operating income (loss) |
(15,993)
|
(18,245)
|
(36,885)
|
(35,457)
|
| Operating segments | Marketing | Marketing |
|
|
|
|
| Operating expenses: |
|
|
|
|
| Gathering, compression, processing, transportation, water handling and marketing |
72,059
|
51,988
|
134,612
|
94,758
|
| Operating segments | Equity Method Investment in Antero Midstream |
|
|
|
|
| Sales and revenues: |
|
|
|
|
| Sales and revenues - Third-party |
|
466
|
606
|
971
|
| Sales and revenues - Intersegment |
327,244
|
305,006
|
640,849
|
595,630
|
| Total revenue |
327,244
|
305,472
|
641,455
|
596,601
|
| Operating expenses: |
|
|
|
|
| General and administrative (excluding equity-based compensation) |
11,729
|
10,718
|
23,497
|
21,340
|
| Equity-based compensation |
10,828
|
11,407
|
21,407
|
23,809
|
| Facility idling |
287
|
375
|
832
|
818
|
| Depletion, depreciation and amortization |
37,378
|
33,364
|
72,013
|
66,112
|
| Impairment of property and equipment |
133
|
|
133
|
817
|
| Gain on sale of assets |
|
|
(2,658)
|
|
| Other |
454
|
50
|
488
|
94
|
| Total operating expenses |
145,335
|
119,028
|
270,935
|
232,934
|
| Operating income (loss) |
181,909
|
186,444
|
370,520
|
363,667
|
| Equity in earnings of unconsolidated affiliates |
28,525
|
30,016
|
58,537
|
58,036
|
| Capital expenditures for segment assets |
52,743
|
36,734
|
90,649
|
67,262
|
| Operating segments | Equity Method Investment in Antero Midstream | Gathering and compression |
|
|
|
|
| Operating expenses: |
|
|
|
|
| Gathering, compression, processing, transportation, water handling and marketing |
36,533
|
25,662
|
66,563
|
51,855
|
| Operating segments | Equity Method Investment in Antero Midstream | Water handling |
|
|
|
|
| Operating expenses: |
|
|
|
|
| Gathering, compression, processing, transportation, water handling and marketing |
47,993
|
37,452
|
88,660
|
68,089
|
| Elimination of Unconsolidated Affiliate |
|
|
|
|
| Sales and revenues: |
|
|
|
|
| Sales and revenues - Third-party |
|
(466)
|
(606)
|
(971)
|
| Sales and revenues - Intersegment |
(327,244)
|
(305,006)
|
(640,849)
|
(595,630)
|
| Total revenue |
(327,244)
|
(305,472)
|
(641,455)
|
(596,601)
|
| Operating expenses: |
|
|
|
|
| General and administrative (excluding equity-based compensation) |
(11,729)
|
(10,718)
|
(23,497)
|
(21,340)
|
| Equity-based compensation |
(10,828)
|
(11,407)
|
(21,407)
|
(23,809)
|
| Facility idling |
(287)
|
(375)
|
(832)
|
(818)
|
| Depletion, depreciation and amortization |
(37,378)
|
(33,364)
|
(72,013)
|
(66,112)
|
| Impairment of property and equipment |
(133)
|
|
(133)
|
(817)
|
| Gain on sale of assets |
|
|
2,658
|
|
| Other |
(454)
|
(50)
|
(488)
|
(94)
|
| Total operating expenses |
(145,335)
|
(119,028)
|
(270,935)
|
(232,934)
|
| Operating income (loss) |
(181,909)
|
(186,444)
|
(370,520)
|
(363,667)
|
| Equity in earnings of unconsolidated affiliates |
(28,525)
|
(30,016)
|
(58,537)
|
(58,036)
|
| Capital expenditures for segment assets |
(52,743)
|
(36,734)
|
(90,649)
|
(67,262)
|
| Elimination of Unconsolidated Affiliate | Gathering and compression |
|
|
|
|
| Operating expenses: |
|
|
|
|
| Gathering, compression, processing, transportation, water handling and marketing |
(36,533)
|
(25,662)
|
(66,563)
|
(51,855)
|
| Elimination of Unconsolidated Affiliate | Water handling |
|
|
|
|
| Operating expenses: |
|
|
|
|
| Gathering, compression, processing, transportation, water handling and marketing |
$ (47,993)
|
$ (37,452)
|
$ (88,660)
|
$ (68,089)
|