Antero Resources Corp
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Antero Resources Corp (AR). It shows which part of the business is growing — and which one is holding it back.
Revenue by product line
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Natural gas sales | PZA3.44B 74.5% | PZA5.52B 77.3% · +60.4% | PZA2.19B 46.8% · -60.3% | PZA1.82B 42.0% · -17.1% | PZA2.87B 54.5% · +58.0% |
| Natural gas liquids sales | PZA2.15B 46.5% | PZA2.50B 35.0% · +16.4% | PZA1.84B 39.2% · -26.5% | PZA2.07B 47.8% · +12.5% | PZA1.99B 37.7% · -3.9% |
| Oil sales | PZA201.2M 4.4% | PZA275.7M 3.9% · +37.0% | PZA247.1M 5.3% · -10.3% | PZA230.0M 5.3% · -6.9% | PZA150.2M 2.8% · -34.7% |
| Marketing | PZA718.9M 15.6% | PZA416.8M 5.8% · -42.0% | PZA206.1M 4.4% · -50.5% | PZA179.1M 4.1% · -13.1% | PZA125.9M 2.4% · -29.7% |
| Commodity derivative fair value gains (losses) | -PZA1.94B -41.9% | -PZA1.62B -22.6% · +16.6% | PZA166.3M 3.6% · +110.3% | PZA731.0K 0.0% · -99.6% | PZA111.0M 2.1% · +15,091.4% |
| Amortization of deferred revenue, VPP | PZA45.2M 1.0% | PZA37.6M 0.5% · -16.9% | PZA30.6M 0.7% · -18.8% | PZA27.1M 0.6% · -11.3% | PZA25.3M 0.5% · -6.8% |
| Other revenue and income | PZA1.0M 0.0% | PZA5.2M 0.1% · +403.6% | PZA2.5M 0.1% · -51.0% | PZA3.4M 0.1% · +34.3% | PZA3.4M 0.1% · -0.7% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 11, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.