A
AR
ARUnverified3 segments tracked|8 years of data|Annual (10-K)
Total Revenue
$6.5B19.0%
FY2025
Operating Segments
3Active 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
| Segment | Revenue | Op. Income | Margin | % of Total | YoY |
|---|---|---|---|---|---|
| Exploration And Production | $5.1B | $948M | 18.4% | 79.7% | +24.2% |
| Antero Midstream | $1.2B | $645M | 54.2% | 18.4% | +7.4% |
| Marketing | $126M | $-64M | -51.1% | 1.9% | -29.7% |
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