Revenue

6 Months Ended

Jun. 30, 2020

(5) Revenue

(a)Disaggregation of Revenue

Revenue is disaggregated by type in the following table. The table also identifies which reportable segment that the disaggregated revenues relate. For more information on reportable segments, see Note 18—Segment Information.


	Three months ended June 30,				Six months ended June 30,				Segment to which
(in thousands)	2019		2020		2019		2020		revenues relate
Revenues from contracts with customers:
Natural gas sales	$	553,372		367,415	$	1,210,638		778,497	Exploration and production
Natural gas liquids sales (ethane)		30,374		26,644		65,890		53,440	Exploration and production
Natural gas liquids sales (C3+ NGLs)		273,589		185,553		551,758		416,430	Exploration and production
Oil sales		49,062		8,322		97,114		43,968	Exploration and production
Gathering and compression ⁽¹⁾		—		—		3,972		—	Equity method investment in AMC
Water handling and treatment ⁽¹⁾		—		—		507		—	Equity method investment in AMC
Marketing		63,080		64,285		154,266		110,358	Marketing
Total revenue from contracts with customers		969,477		652,219		2,084,145		1,402,693
Income from derivatives and other sources		330,187		(167,308)		252,926		399,323
Total revenue and other	$	1,299,664		484,911	$	2,337,071		1,802,016

(1)	Gathering and compression and water handling and treatment revenues were included through March 12, 2019. See Note 3—Deconsolidation of Antero Midstream Partners to the unaudited condensed consolidated financial statements for further discussion on the Transactions.

(b)Transaction Price Allocated to Remaining Performance Obligations

For our product sales that have a contract term greater than one year, we have utilized the practical expedient, which does not require the disclosure of the transaction price allocated to remaining performance obligations if the variable consideration is allocated entirely to a wholly unsatisfied performance obligation. Under our product sales contracts, each unit of product delivered to the customer represents a separate performance obligation; therefore, future volumes are wholly unsatisfied and disclosure of the transaction price allocated to remaining performance obligations is not required. For our product sales that have a contract term of one year or less, we have utilized the practical expedient, which does not require the disclosure of the transaction price allocated to remaining performance obligations if the performance obligation is part of a contract that has an original expected duration of one year or less.

(c)Contract Balances

Under our sales contracts, we invoice customers after our performance obligations have been satisfied, at which point payment is unconditional. Accordingly, our contracts do not give rise to contract assets or liabilities. At December 31, 2019 and June 30, 2020, our receivables from contracts with customers were $318 million and $255 million, respectively.