In Q2 fiscal 2026 (the quarter ended June 30, 2026), Antero Resources's largest business segment was Exploration and Production, with $1.50 billion or 96% of revenue, up 19.0% from a year earlier. Next: Marketing (4%).
By product or service, Natural Gas, Production brought in 44%, Natural Gas Liquids Sales brought in 38% and Commodity Derivative Fair Value Gains Losses brought in 10% of revenue in Q2 fiscal 2026.
From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q1 fiscal 2018.

Fiscal quarters, from company filings
| Business segment | Q2 FY26 | Q1 FY26 | Q3 FY25 | Q2 FY25 | Share |
|---|---|---|---|---|---|
| Exploration and Production | $1.5B | $1.9B | $1.2B | $1.3B | 96% |
| Marketing | $56.1M | $41.7M | $34.9M | $33.7M | 4% |
In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.
| Product or service | Q2 FY26 | Q1 FY26 | Q3 FY25 | Q2 FY25 | Share |
|---|---|---|---|---|---|
| Natural Gas, Production | $688.5M | $1.3B | $630.9M | $688.8M | 44% |
| Natural Gas Liquids Sales | $587.7M | $503.6M | $470.4M | $480.8M | 38% |
| Commodity Derivative Fair Value Gains Losses | $160.6M | $35.0M | $39.2M | $53.4M | 10% |
| Oil and Condensate | $59.6M | $46.7M | $31.4M | $33.7M | 4% |
| Marketings | $56.1M | $41.7M | $34.9M | $33.7M | 4% |
| Amortization of Deferred Revenue VPP | $5.9M | $5.8M | $6.4M | $6.3M | under 1% |
| Other Revenue and Income | $1.5M | $827,000 | $851,000 | $833,000 | under 1% |
In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.
Exploration and Production and Marketing (as reported for Q2 fiscal 2026).
Exploration and Production: $1.50 billion, or 96% of revenue, in Q2 fiscal 2026.
By revenue in Q2 fiscal 2026: Natural Gas, Production (44%), Natural Gas Liquids Sales (38%), Commodity Derivative Fair Value Gains Losses (10%) and Oil and Condensate (4%).
Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i
Fiscal quarter ended Jun 30, 2026
| Item | Revenue | Share |
|---|---|---|
| Exploration and Production | USD 1.50B | 96.4% |
| Marketing | USD 56.07M | 3.6% |
Sum of items USD 1.56B. Shares are of the items shown. Click an item with › to see its parts.
Every item and period in one grid. Purple = calculated; "–" = not available.
| Item | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 | Q4 FY23 | Q3 FY23 | Q2 FY23 | Q1 FY23 | Q4 FY22 | Q3 FY22 | Q2 FY22 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q2 FY20 | Q1 FY20 | Q4 FY19 | Q3 FY19 | Q2 FY19 | Q1 FY19 | Q4 FY18 | Q3 FY18 | Q2 FY18 | Q1 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Exploration and Production | 1.5B | 1.9B | 1.3B | 1.2B | 1.3B | 1.4B | 1.1B | 1.0B | 928.6M | 1.1B | 1.1B | 1.1B | 909.1M | 1.3B | 1.8B | 2.4B | 2.4B | 1.7B | 1.9B | 1.5B | 1.1B | 1.2B | 993.6M | 798.0M | 587.9M | 1.3B | 868.5M | 1.1B | 1.2B | 1.0B | 1.2B | 987.3M | 828.9M | 784.5M |
| Marketing | 56.1M | 41.7M | 31.7M | 34.9M | 33.7M | 25.6M | 34.0M | 47.2M | 49.4M | 48.5M | 50.7M | 53.1M | 43.8M | 58.5M | 81.6M | 160.0M | 106.2M | 69.0M | 156.0M | 232.7M | 165.5M | 164.8M | 108.7M | 91.5M | 64.3M | 46.1M | 91.3M | 46.6M | 63.1M | 91.2M | 64.7M | 89.6M | 160.1M | 238.6M |
| Antero Midstream | – | 606.0K | – | 533.0K | 466.0K | – | 462.0K | 397.0K | 414.0K | 671.0K | 485.0K | 383.0K | 274.0K | 272.0K | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 46.0K | – | – | 266.2M | 251.0M | 4.9M |