Reportable Segments (Tables)

12 Months Ended

Dec. 31, 2023

Reportable Segments

Schedule of operating results and assets of reportable segments

The operating results and assets of the Company’s reportable segments were as follows (in thousands):

	Year Ended December 31, 2021
					Equity Method
	Exploration				Investment in		Elimination of
	and				Antero		Unconsolidated		Consolidated
	Production		Marketing		Midstream		Affiliate		Total
Sales and revenues:
Third-party	$	3,899,486		718,921		516		(516)		4,618,407
Intersegment		1,025		—		897,686		(897,686)		1,025
Total revenue		3,900,511		718,921		898,202		(898,202)		4,619,432
Operating expenses:
Lease operating		96,793		—		—		—		96,793
Gathering, compression, processing, transportation and water handling		2,499,174		—		157,120		(157,120)		2,499,174
General and administrative		145,006		—		63,838		(63,838)		145,006
Depletion, depreciation and amortization		742,009		—		108,790		(108,790)		742,009
Impairment of property and equipment		90,523		—		5,042		(5,042)		90,523
Other		210,369		811,698		8,085		(8,085)		1,022,067
Total operating expenses		3,783,874		811,698		342,875		(342,875)		4,595,572
Operating income (loss)	$	116,637		(92,777)		555,327		(555,327)		23,860
Equity in earnings of unconsolidated affiliates	$	77,085		—		90,451		(90,451)		77,085
Capital expenditures for segment assets	$	715,936		—		232,825		(232,825)		715,936

	Year Ended December 31, 2022
					Equity Method
	Exploration				Investment in		Elimination of
	and				Antero		Unconsolidated		Consolidated
	Production		Marketing		Midstream		Affiliate		Total
Sales and revenues:
Third-party	$	6,720,212		416,758		2,622		(2,622)		7,136,970
Intersegment		1,466		—		917,363		(917,363)		1,466
Total revenue		6,721,678		416,758		919,985		(919,985)		7,138,436
Operating expenses:
Lease operating		99,595		—		—		—		99,595
Gathering, compression, processing, transportation and water handling		2,605,380		—		180,254		(180,254)		2,605,380
General and administrative		172,909		—		62,125		(62,125)		172,909
Depletion, depreciation and amortization		680,600		—		131,762		(131,762)		680,600
Impairment of property and equipment		149,731		—		3,702		(3,702)		149,731
Other		325,012		531,304		2,676		(2,676)		856,316
Total operating expenses		4,033,227		531,304		380,519		(380,519)		4,564,531
Operating income (loss)	$	2,688,451		(114,546)		539,466		(539,466)		2,573,905
Equity in earnings of unconsolidated affiliates	$	72,327		—		94,218		(94,218)		72,327
Capital expenditures for segment assets	$	943,971		—		298,924		(298,924)		943,971

	Year Ended December 31, 2023
					Equity Method
	Exploration				Investment in		Elimination of
	and				Antero		Unconsolidated		Consolidated
	Production		Marketing		Midstream		Affiliate		Total
Sales and revenues:
Third-party	$	4,473,969		206,122		1,414		(1,414)		4,680,091
Intersegment		1,881		—		1,040,357		(1,040,357)		1,881
Total revenue		4,475,850		206,122		1,041,771		(1,041,771)		4,681,972
Operating expenses:
Lease operating		118,441		—		—		—		118,441
Gathering, compression, processing, transportation and water handling		2,642,358		—		213,165		(213,165)		2,642,358
General and administrative		224,516		—		71,068		(71,068)		224,516
Depletion, depreciation and amortization		689,966		—		136,059		(136,059)		689,966
Impairment of property and equipment		51,302		—		146		(146)		51,302
Other		193,531		308,728		9,471		(9,471)		502,259
Total operating expenses		3,920,114		308,728		429,909		(429,909)		4,228,842
Operating income (loss)	$	555,736		(102,606)		611,862		(611,862)		453,130
Equity in earnings of unconsolidated affiliates	$	82,952		—		105,456		(105,456)		82,952
Capital expenditures for segment assets	$	1,131,863		—		183,733		(183,733)		1,131,863

	As of December 31, 2022
					Equity Method
	Exploration				Investment in		Elimination of
	and				Antero		Unconsolidated		Consolidated
	Production		Marketing		Midstream		Affiliate		Total
Investments in unconsolidated affiliates	$	220,429		—		652,767		(652,767)		220,429
Total assets		14,081,077		36,962		5,791,320		(5,791,320)		14,118,039

	As of December 31, 2023
					Equity Method
	Exploration				Investment in		Elimination of
	and				Antero		Unconsolidated		Consolidated
	Production		Marketing		Midstream		Affiliate		Total
Investments in unconsolidated affiliates	$	222,255		—		626,650		(626,650)		222,255
Total assets		13,602,297		17,117		5,737,618		(5,737,618)		13,619,414