v3.26.3
Reportable Segments (Details)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
USD ($)
Sep. 30, 2025
USD ($)
Sep. 30, 2026
USD ($)
segment
Sep. 30, 2025
USD ($)
Operating results and assets of reportable segments        
Number of reportable segments | segment     3  
Sales and revenues:        
Sales and revenues - Third-party $ 1,562,268 $ 1,213,419 $ 5,066,169 $ 3,862,511
Sales and revenues - Intersegment 569 575 1,636 1,683
Total revenue 1,562,837 1,213,994 5,067,805 3,864,194
Operating expenses:        
Lease operating 44,121 32,415 136,798 103,645
Production and ad valorem taxes 30,920 28,884 149,452 119,013
General and administrative (excluding equity-based compensation) 44,643 41,443 140,779 130,071
Equity-based compensation 13,152 15,501 38,151 46,501
Depletion, depreciation and amortization 241,167 188,778 674,660 562,719
Impairment of property and equipment 1,555 12,228 6,958 24,143
Loss (gain) on sale of assets (1,153) 171 (61,719) 142
Other 13,769 14,557 32,406 30,062
Total operating expenses 1,171,054 1,095,877 3,571,111 3,269,722
Operating income (loss) 391,783 118,117 1,496,694 594,472
Equity in earnings of unconsolidated affiliate 110,710 29,055 170,207 88,279
Capital expenditures for segment assets $ 360,447 $ 202,659 $ 907,264 $ 617,213
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 $ 270,055 $ 231,413 $ 809,393 $ 704,377
Processing        
Operating expenses:        
Gathering, compression, processing, transportation, water handling and marketing 310,030 289,035 890,543 834,230
Transportation        
Operating expenses:        
Gathering, compression, processing, transportation, water handling and marketing 145,934 190,555 563,370 569,135
Marketing        
Sales and revenues:        
Total revenue 40,102 34,902 137,829 94,203
Operating expenses:        
Gathering, compression, processing, transportation, water handling and marketing 55,708 51,068 190,320 145,826
Operating segments | Exploration and Production        
Sales and revenues:        
Sales and revenues - Third-party 1,522,166 1,178,517 4,928,340 3,768,308
Sales and revenues - Intersegment 569 575 1,636 1,683
Total revenue 1,522,735 1,179,092 4,929,976 3,769,991
Operating expenses:        
Lease operating 44,121 32,415 136,798 103,645
Production and ad valorem taxes 30,920 28,884 149,452 119,013
General and administrative (excluding equity-based compensation) 44,643 41,443 140,779 130,071
Equity-based compensation 13,152 15,501 38,151 46,501
Depletion, depreciation and amortization 241,167 188,778 674,660 562,719
Impairment of property and equipment 1,555 12,228 6,958 24,143
Loss (gain) on sale of assets     (61,719)  
Other 13,769 14,557 32,406 30,062
Total operating expenses 1,115,346 1,044,809 3,380,791 3,123,896
Operating income (loss) 407,389 134,283 1,549,185 646,095
Equity in earnings of unconsolidated affiliate 110,710 29,055 170,207 88,279
Capital expenditures for segment assets 360,447 202,659 907,264 617,213
Operating segments | Exploration and Production | Gathering and compression        
Operating expenses:        
Gathering, compression, processing, transportation, water handling and marketing 270,055 231,413 809,393 704,377
Operating segments | Exploration and Production | Processing        
Operating expenses:        
Gathering, compression, processing, transportation, water handling and marketing 310,030 289,035 890,543 834,230
Operating segments | Exploration and Production | Transportation        
Operating expenses:        
Gathering, compression, processing, transportation, water handling and marketing 145,934 190,555 563,370 569,135
Operating segments | Marketing        
Sales and revenues:        
Sales and revenues - Third-party 40,102 34,902 137,829 94,203
Total revenue 40,102 34,902 137,829 94,203
Operating expenses:        
Total operating expenses 55,708 51,068 190,320 145,826
Operating income (loss) (15,606) (16,166) (52,491) (51,623)
Operating segments | Marketing | Marketing        
Operating expenses:        
Gathering, compression, processing, transportation, water handling and marketing 55,708 51,068 190,320 145,826
Operating segments | Equity Method Investment in Antero Midstream        
Sales and revenues:        
Sales and revenues - Third-party 24 533 630 1,504
Sales and revenues - Intersegment 326,998 294,288 967,847 889,918
Total revenue 327,022 294,821 968,477 891,422
Operating expenses:        
General and administrative (excluding equity-based compensation) 10,164 10,290 33,661 31,630
Equity-based compensation 10,960 11,026 32,367 34,835
Facility idling 297 445 1,129 1,263
Depletion, depreciation and amortization 37,963 34,465 109,976 100,577
Impairment of property and equipment 2,921 167 3,054 984
Loss (gain) on sale of assets     (1,500)  
Gain on litigation (376,963)   (376,963)  
Other 1,203 49 533 143
Total operating expenses (230,206) 114,328 40,729 347,262
Operating income (loss) 557,228 180,493 927,748 544,160
Equity in earnings of unconsolidated affiliate 27,950 29,688 86,487 87,724
Capital expenditures for segment assets 44,721 46,175 135,370 113,437
Operating segments | Equity Method Investment in Antero Midstream | Gathering and compression        
Operating expenses:        
Gathering, compression, processing, transportation, water handling and marketing 38,553 29,077 105,116 80,932
Operating segments | Equity Method Investment in Antero Midstream | Water handling        
Operating expenses:        
Gathering, compression, processing, transportation, water handling and marketing 44,696 28,809 133,356 96,898
Elimination of Unconsolidated Affiliate        
Sales and revenues:        
Sales and revenues - Third-party (24) (533) (630) (1,504)
Sales and revenues - Intersegment (326,998) (294,288) (967,847) (889,918)
Total revenue (327,022) (294,821) (968,477) (891,422)
Operating expenses:        
General and administrative (excluding equity-based compensation) (10,164) (10,290) (33,661) (31,630)
Equity-based compensation (10,960) (11,026) (32,367) (34,835)
Facility idling (297) (445) (1,129) (1,263)
Depletion, depreciation and amortization (37,963) (34,465) (109,976) (100,577)
Impairment of property and equipment (2,921) (167) (3,054) (984)
Loss (gain) on sale of assets     1,500  
Gain on litigation 376,963   376,963  
Other (1,203) (49) (533) (143)
Total operating expenses 230,206 (114,328) (40,729) (347,262)
Operating income (loss) (557,228) (180,493) (927,748) (544,160)
Equity in earnings of unconsolidated affiliate (27,950) (29,688) (86,487) (87,724)
Capital expenditures for segment assets (44,721) (46,175) (135,370) (113,437)
Elimination of Unconsolidated Affiliate | Gathering and compression        
Operating expenses:        
Gathering, compression, processing, transportation, water handling and marketing (38,553) (29,077) (105,116) (80,932)
Elimination of Unconsolidated Affiliate | Water handling        
Operating expenses:        
Gathering, compression, processing, transportation, water handling and marketing $ (44,696) $ (28,809) $ (133,356) $ (96,898)