FinEdge Labs
A

AR

ARUnverified
3 segments tracked|8 years of data|Annual (10-K)
Total Revenue
$6.5B19.0%
FY2025
Operating Segments
3
Active segments
Blended Margin
23.6%
Operating margin
Highest Margin
54.2%
Antero Midstream
Segment Shift

Antero Midstream has grown from 20.3% to 18.4% of total revenue since FY2018, with 54.2% operating margins. Meanwhile, Exploration And Production is the fastest growing at +24.2% YoY.

Segment Revenue Over Time

Revenue Mix

Segment Breakdown — FY2025

SegmentRevenueOp. IncomeMargin% of TotalYoY
Exploration And Production$5.1B$948M18.4%79.7%+24.2%
Antero Midstream$1.2B$645M54.2%18.4%+7.4%
Marketing$126M$-64M-51.1%1.9%-29.7%

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