Natural Gas Sales was the largest of ANTERO RESOURCES Corp’s 6 reported lines in fiscal 2024, at $1.82B — 42% of $4.30B.
| Segment | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2024 |
|---|---|---|---|---|---|---|---|
| Natural Gas Sales | $3.44B | $1.82B | |||||
| Natural Gas Liquids Sales (C3+ Ngls) | $1.94B | $1.79B | |||||
| Marketing | $718.92M | $179.07M | |||||
| Gathering, Compression, Water Handling & Treatment, Processing, And Transportation | — | — | |||||
| Gathering, Compression, Water Handling & Treatment | — | — | |||||
| Oil Sales | $201.23M | $230.03M | |||||
| Natural Gas Liquids Sales (Ethane) | $206.89M | $275.12M | |||||
| Gathering & Compression | — | — | |||||
| Water Handling & Treatment | — | — | |||||
| Other | — | $1.10M | |||||
| Other Income | — | — | |||||
| Total | $6.51B | $4.30B |
In fiscal 2024, which ended December 31, 2024, the 6 segments ANTERO RESOURCES Corp reported in this breakdown added up to $4.30B. The segments reported changed from fiscal 2021, so the total is not directly comparable with the $6.51B reported that year. Natural Gas Sales was the largest segment, at $1.82B or 42.3% of the total, followed by Natural Gas Liquids Sales (C3+ Ngls) ($1.79B, 41.7%) and Natural Gas Liquids Sales (Ethane) ($275.12M, 6.4%). Together, the two largest segments made up 84.0% of this total.
Compared with fiscal 2021, the latest earlier year reported, Natural Gas Liquids Sales (Ethane) grew the fastest, rising 33.0% to $275.12M. Marketing fell the most, down 75.1% to $179.07M. Because segments were added or dropped between the two years, part of this reflects how ANTERO RESOURCES Corp regrouped its reporting.
The table also keeps 5 segments that ANTERO RESOURCES Corp no longer reports, so earlier years can still be read on their original basis; use "Show 5 discontinued" beneath the table to see them. This breakdown covers 7 fiscal years between 2016 and 2024, as reported in ANTERO RESOURCES Corp's annual filings.
Exploration & Production was the largest of ANTERO RESOURCES Corp’s 2 reported lines in fiscal 2024, at $1.82B — 91% of $2.00B.
| Statement Business Segments | FY 2014 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2024 |
|---|---|---|---|---|---|---|---|---|
| Exploration & Production | $3.44B | $1.82B | ||||||
| Marketing | $718.92M | $179.07M | ||||||
| Gathering & Compression | — | — | ||||||
| Water Handling & Treatment | — | — | ||||||
| Fresh Water Distribution | — | — | ||||||
| Total | $4.16B | $2.00B |
In fiscal 2024, which ended December 31, 2024, the 2 segments ANTERO RESOURCES Corp reported in this breakdown added up to $2.00B. That is less than the $4.30B in its breakdown by segment, so these segments do not account for all of its revenue that year. Exploration & Production was the largest segment, at $1.82B or 91.0% of the total, followed by Marketing ($179.07M, 9.0%).
Compared with fiscal 2021, the latest earlier year reported, every sizeable segment reported in both years shrank. Exploration & Production held up best, down 47.2% to $1.82B, while Marketing fell the most, down 75.1% to $179.07M.
The table also keeps 3 segments that ANTERO RESOURCES Corp no longer reports, so earlier years can still be read on their original basis; use "Show 3 discontinued" beneath the table to see them. This breakdown covers 8 fiscal years between 2014 and 2024, as reported in ANTERO RESOURCES Corp's annual filings.
ANTERO RESOURCES Corp (AR) breaks its revenue down by segment. In fiscal 2024, its largest segment was Natural Gas Sales, with $1.82B or 42.3% of the total, followed by Natural Gas Liquids Sales (C3+ Ngls) at $1.79B (41.7%).
Natural Gas Sales was ANTERO RESOURCES Corp's largest segment in fiscal 2024, with $1.82B in revenue, 42.3% of the $4.30B reported across its 6 segments.
Every figure is taken from ANTERO RESOURCES Corp's annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.
The breakdown by segment covers fiscal 2016 to 2024. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.