AR

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Antero Resources Corp.

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Key Metrics

Previous Close: $37.07
52-Week Range: $29.10 – $45.75
Market Cap: $11.58B
P/E (TTM): 10.79
EPS (TTM): 3.49
Dividend Yield: —

Advanced Metrics

Price/Book: 1.40
PEG Ratio: 0.49
Return on Equity: 14.22%
Return on Assets: 6.61%
Gross Margin: 67.15%
Operating Margin: 26.02%
Profit Margin: 18.75%
Current Ratio: 0.40
Debt/Equity: 0.55
Total Debt: $4.62B
Free Cash Flow: $391.22M
Revenue Growth: 12.60%
Earnings Growth: 79.90%
Enterprise Value: —

AR Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$8.30B	$4.28B	$4.12B	$5.01B
Cost of Revenue	$3.71B	$3.67B	$3.79B	$3.91B
Gross Profit	$4.59B	$612.47M	$327.33M	$1.11B
Selling, General & Admin	$704.21M	$509.48M	$474.24M	$422.73M
Operating Expenses	$261.89M	$279.09M	$274.84M	$278.55M
Operating Income	$4.33B	$333.38M	$52.49M	$829.70M
EBITDA	$3.29B	$1.23B	$859.55M	$1.73B
Pretax Income	$2.44B	$360.95M	-$24.49M	$890.43M
Income Tax	$441.26M	$63.63M	-$118.19M	$215.87M
Net Income	$1.87B	$198.40M	$57.23M	$634.42M
Diluted EPS	5.77	0.64	0.18	2.03
Diluted Shares	329.22M	311.60M	313.41M	312.36M

AR Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Receivables	$743.17M	$443.42M	$488.03M	$507.23M
Current Assets	$787.52M	$475.69M	$507.55M	$831.78M
Total Assets	$14.12B	$13.52B	$13.01B	$13.25B
Current Liabilities	$1.77B	$1.45B	$1.45B	$1.50B
Long-Term Debt	$1.18B	$1.54B	$1.49B	$1.40B
Total Debt	$4.63B	$4.51B	$4.03B	$3.53B
Total Liabilities	$7.10B	$6.38B	$5.79B	$5.53B
Retained Earnings	$913.90M	$1.05B	$1.11B	$1.68B
Shareholders' Equity	$6.75B	$6.90B	$7.02B	$7.55B
Working Capital	-$987.38M	-$976.40M	-$938.38M	-$671.53M
Net Debt	$1.18B	$1.54B	$1.49B	$1.40B

AR Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$3.05B	$994.72M	$849.29M	$1.63B
Capital Expenditure	-$163.32M	-$167.52M	-$101.92M	-$387.78M
Free Cash Flow	$2.89B	$827.20M	$747.36M	$1.24B
Stock-Based Compensation	$35.44M	$59.52M	$66.46M	$60.81M
Investing Cash Flow	-$943.61M	-$1.14B	-$714.15M	-$1.08B
Financing Cash Flow	-$2.11B	$146.05M	-$135.13M	-$343.12M
Share Repurchases	-$873.74M	-$75.36M	$0.00	-$136.40M
Net Change in Cash	—	—	—	$210.00M

AR Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$1.20B	$1.13B	$1.28B	$1.86B	$1.34B
Cost of Revenue	$961.38M	$961.08M	$1.01B	$1.12B	$1.06B
Gross Profit	$242.66M	$172.40M	$271.25M	$741.78M	$276.17M
Selling, General & Admin	$109.17M	$108.01M	$100.33M	$125.89M	$129.85M
Operating Expenses	$70.75M	$68.56M	$64.19M	$80.31M	$69.84M
Operating Income	$171.91M	$103.84M	$207.07M	$661.46M	$206.32M
EBITDA	$423.25M	$336.90M	$483.01M	$937.99M	$631.17M
Pretax Income	$214.76M	$128.94M	$272.87M	$693.72M	$365.42M
Income Tax	$48.19M	$43.33M	$69.95M	$145.51M	$79.00M
Net Income	$156.59M	$76.18M	$193.68M	$535.22M	$278.66M
Diluted EPS	0.50	0.24	0.62	1.72	0.90
Diluted Shares	313.18M	311.03M	311.08M	311.43M	310.64M

AR Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Receivables	$399.55M	$394.02M	$507.23M	$486.65M	$483.26M
Current Assets	$427.53M	$427.79M	$831.78M	$677.93M	$693.57M
Total Assets	$12.77B	$12.91B	$13.25B	$15.35B	$15.23B
Current Liabilities	$1.40B	$1.39B	$1.50B	$1.69B	$1.73B
Long-Term Debt	$1.10B	$1.31B	$1.40B	$2.66B	$2.43B
Total Debt	$3.49B	$3.57B	$3.53B	$4.75B	$4.62B
Total Liabilities	$5.28B	$5.39B	$5.53B	$7.13B	$6.92B
Retained Earnings	$1.44B	$1.49B	$1.68B	$2.22B	$2.48B
Shareholders' Equity	$7.31B	$7.35B	$7.55B	$8.06B	$8.32B
Working Capital	-$977.20M	-$958.25M	-$671.53M	-$1.02B	-$1.04B
Net Debt	$1.10B	$1.31B	$1.40B	$2.66B	$2.61B

AR Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$492.36M	$310.09M	$370.74M	$859.06M	$438.85M
Capital Expenditure	-$27.21M	-$276.85M	-$52.71M	-$29.18M	-$25.26M
Free Cash Flow	$465.15M	$33.24M	$318.03M	$829.88M	$413.58M
Stock-Based Compensation	$15.86M	$15.50M	$14.31M	$11.73M	$13.27M
Investing Cash Flow	-$197.49M	-$448.81M	-$223.62M	-$2.28B	-$341.24M
Financing Cash Flow	-$294.87M	$138.72M	$62.88M	$1.21B	-$97.61M
Share Repurchases	-$74.87M	-$51.35M	-$83.00K	$0.00	-$37.89M
Net Change in Cash	—	—	—	-$210.00M	$0.00

Market Snapshot

About

Antero Resources Corp. is a leading independent natural gas and natural gas liquids producer with operations in the Appalachian Basin, primarily in the Marcellus and Utica shale formations of West Virginia and Ohio. The company is one of the largest producers of natural gas and the largest producer of natural gas liquids in the United States. Antero develops and produces natural gas, NGLs (ethane, propane, butane), and oil from its extensive acreage position. The company has invested in processing and fractionation infrastructure through Antero Midstream to support its production. Antero emphasizes maintaining a premium NGL-rich portfolio, hedge program for commodity price protection, and long reserve life. Founded in 2002 and headquartered in Denver, Colorado, Antero Resources benefits from its premier Appalachian Basin position, proximity to Northeast demand markets, and NGL-rich gas production. The company navigates natural gas and NGL price volatility, capital allocation decisions, and environmental considerations while generating free cash flow and returning capital to shareholders.