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Antero Resources Corporation(AR)Earnings, Financials & Key Ratios
AR•NYSE
$36.84
$11.41B mkt cap·18.1× P/E·Price updated May 6, 2026
AboutAntero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2021, it had approximately 502,000 net acres in the Appalachian Basin; and 174,000 net acres in the Upper Devonian Shale. The company also owned and operated 494 miles of gas gathering pipelines in the Appalachian Basin; and 21 compressor stations. It had estimated proved reserves of 17.7 trillion cubic feet of natural gas equivalent, including 10.2 trillion cubic feet of natural gas; 718 million barrels of assumed recovered ethane; 501 million barrels of primarily propane, isobutane, normal butane, and natural gasoline; and 36 million barrels of oil. The company was formerly known as Antero Resources Appalachian Corporation and changed its name to Antero Resources Corporation in June 2013. Antero Resources Corporation was founded in 2002 and is headquartered in Denver, Colorado.Show more
- Revenue$5.01B+21.7%
- EBITDA$1.58B+106.6%
- Net Income$634M+1008.6%
- EPS (Diluted)2.03+1027.8%
- Gross Margin22.1%+178.1%
- EBITDA Margin31.58%+69.7%
- Operating Margin16.55%+147658.9%
- Net Margin12.65%+810.7%
- ROE8.5%+965.5%
- ROIC5.21%+173533.3%
- Debt/Equity0.67+19.1%
- Interest Coverage11.64+1368.2%
AR Key Insights
Antero Resources Corporation (AR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong Piotroski F-Score: 8/9
- ✓FCF machine: 24.8% free cash flow margin
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 10.2%
- ✓Trading at only 1.5x book value
✗Weaknesses
- ✗Weak 3Y average ROE of 4.0%
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
AR Price & Volume
Antero Resources Corporation (AR) stock price & volume — 10-year historical chart
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AR Growth Metrics
Antero Resources Corporation (AR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years13.81%
5 Years10.21%
3 Years-15.47%
TTM23.13%
Profit CAGR
10 Years-3.87%
5 Years-
3 Years-30.28%
TTM347.89%
EPS CAGR
10 Years-5.11%
5 Years-
3 Years-29.08%
TTM356.77%
Return on Capital
10 Years1.57%
5 Years6.26%
3 Years3.36%
Last Year6.81%
AR Recent Earnings
Antero Resources Corporation (AR) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
Apr 29, 2026EPS
$1.15
Est $1.15
+0.0%
Revenue
$1.9B
Est $1.7B
+16.8%
Q1 2026
Feb 11, 2026EPS
$0.42
Est $0.50
-16.5%
Revenue
$1.4B
Est $1.3B
+7.9%
Q4 2025
Oct 29, 2025EPS
$0.15
Est $0.22
-31.8%
Revenue
$1.2B
Est $1.4B
-16.8%
Q3 2025
Jul 30, 2025EPS
$0.35
Est $0.42
-16.5%
Revenue
$1.2B
Est $1.2B
-3.1%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 29, 2026 | $1.15vs $1.15+0.0% | $1.9Bvs $1.7B+16.8% |
| Q1 2026 | Feb 11, 2026 | $0.42vs $0.50-16.5% | $1.4Bvs $1.3B+7.9% |
| Q4 2025 | Oct 29, 2025 | $0.15vs $0.22-31.8% | $1.2Bvs $1.4B-16.8% |
| Q3 2025 | Jul 30, 2025 | $0.35vs $0.42-16.5% | $1.2Bvs $1.2B-3.1% |
Based on last 12 quarters of dataView full earnings history →
AR Peer Comparison
Antero Resources Corporation (AR) competitors in U.S. natural gas shale producers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 EQT | 35.81B | 57.36 | 17.33 | 73.74% | 33.4% | 12.41% | 0.29 | |
 RRC | 9.7B | 41.17 | 15.03 | 27.56% | 28.41% | 20.93% | 0.29 | |
 CNX | 5.19B | 36.55 | 9.18 | 59.19% | 50.85% | 27.46% | 0.57 | |
 CTRA | 24.72B | 32.55 | 14.47 | -49.62% | 25.71% | 11.26% | 0.27 | |
 AM | 10.05B | 21.16 | 24.60 | 6.99% | 31.94% | 20.38% | 1.63 | |
 GPOR | 3.26B | 180.44 | 8.40 | 42.53% | 41.91% | 32.67% | 0.43 | |
 CRK | 4.41B | 14.99 | 11.10 | 52.22% | 32.58% | 23.57% | 1.00 | |
 ET | 68.36B | 19.87 | 14.72 | -0.05% | 5.93% | 10.38% | 1.45 |
Compare AR vs Peers
Antero Resources Corporation (AR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
AR Income Statement
Antero Resources Corporation (AR) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 2.76B | 3.65B | 3.64B | 3.08B | 5.79B | 8.3B | 4.28B | 4.12B | 5.01B | 5.48B |
| Revenue Growth % | 57.3% | 32.32% | -0.25% | -15.37% | 87.81% | 43.3% | -48.45% | -3.75% | 21.73% | 23.13% |
| Cost of Goods Sold | 2.1B | 2.57B | 3.33B | 3.6B | 3.54B | 3.71B | 3.67B | 3.79B | 3.91B | 4.06B |
| COGS % of Revenue | 76.21% | 70.48% | 91.45% | 116.68% | 61.05% | 44.67% | 85.69% | 92.05% | 77.9% | - |
| Gross Profit | 656.81M▲ 0% | 1.08B▲ 64.2% | 311.5M▼ 71.1% | -514.44M▼ 265.2% | 2.26B▲ 538.5% | 4.59B▲ 103.6% | 612.47M▼ 86.7% | 327.33M▼ 46.6% | 1.11B▲ 238.6% | 1.43B▲ 0% |
| Gross Margin % | 23.79% | 29.52% | 8.55% | -16.68% | 38.95% | 55.33% | 14.31% | 7.95% | 22.1% | 26.04% |
| Gross Profit Growth % | 1308.98% | 64.19% | -71.12% | -265.15% | 538.51% | 103.57% | -86.66% | -46.56% | 238.57% | - |
| Operating Expenses | -83.28M | 1.01B | 1.3B | 439M | 2.23B | 2.05B | 216.22M | 326.87M | 278.55M | 283.81M |
| OpEx % of Revenue | -3.02% | 27.55% | 35.64% | 14.24% | 38.54% | 24.74% | 5.05% | 7.94% | 5.56% | - |
| Selling, General & Admin | 617.48M | 926.4M | 728.51M | 603.89M | 956.7M | 704.21M | 509.48M | 474.24M | 422.73M | 443.41M |
| SG&A % of Revenue | 22.37% | 25.36% | 19.99% | 19.58% | 16.52% | 8.48% | 11.91% | 11.51% | 8.43% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | -700.76M | 80.14M | 570.03M | -164.88M | 1.28B | 1.35B | -293.26M | -147.37M | -144.18M | -4M |
| Operating Income | 740.09M▲ 0% | 71.91M▼ 90.3% | -987.04M▼ 1472.7% | -953.45M▲ 3.4% | 23.86M▲ 102.5% | 2.54B▲ 10542.7% | 396.25M▼ 84.4% | 460K▼ 99.9% | 829.7M▲ 180269.8% | 1.14B▲ 0% |
| Operating Margin % | 26.81% | 1.97% | -27.09% | -30.92% | 0.41% | 30.59% | 9.26% | 0.01% | 16.55% | 20.87% |
| Operating Income Growth % | 175.84% | -90.28% | -1472.71% | 3.4% | 102.5% | 10542.67% | -84.4% | -99.88% | 180269.78% | - |
| EBITDA | 1.57B | 1.05B | -68.42M | -88.16M | 769.69M | 3.26B | 1.15B | 766.29M | 1.58B | 1.92B |
| EBITDA Margin % | 56.77% | 28.67% | -1.88% | -2.86% | 13.29% | 39.27% | 26.79% | 18.61% | 31.58% | 34.97% |
| EBITDA Growth % | 1058.87% | -33.19% | -106.53% | -28.85% | 973.1% | 323.43% | -64.83% | -33.15% | 106.62% | 86.94% |
| D&A (Non-Cash Add-back) | 827.22M | 975.28M | 918.63M | 865.29M | 745.83M | 719.79M | 750.09M | 765.83M | 753.57M | 773.58M |
| EBIT | 758.79M | 112.19M | -139.13M | -1.46B | -46.32M | 2.57B | 478.82M | 93.72M | 974.12M | 1.41B |
| Net Interest Income | -268.7M | -286.74M | -228.11M | -199.87M | -181.87M | -125.37M | -117.87M | -118.21M | -83.68M | -97.28M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 268.7M | 286.74M | 228.11M | 199.87M | 181.87M | 125.37M | 117.87M | 118.21M | 83.68M | 97.28M |
| Other Income/Expense | -250.01M | -246.46M | 619.8M | -704.45M | -252.05M | -99.24M | -35.29M | -24.95M | 60.73M | 166M |
| Pretax Income | 490.09M▲ 0% | -174.56M▼ 135.6% | -367.25M▼ 110.4% | -1.66B▼ 351.4% | -228.19M▲ 86.2% | 2.44B▲ 1169.3% | 360.95M▼ 85.2% | -24.49M▼ 106.8% | 890.43M▲ 3736.2% | 1.31B▲ 0% |
| Pretax Margin % | 17.75% | -4.78% | -10.08% | -53.76% | -3.94% | 29.4% | 8.44% | -0.59% | 17.76% | 23.89% |
| Income Tax | -295.05M | -128.86M | -74.11M | -397.48M | -74.08M | 441.26M | 63.63M | -118.19M | 215.87M | 306.98M |
| Effective Tax Rate % | -60.2% | 73.82% | 20.18% | 23.98% | 32.46% | 18.08% | 17.63% | 482.62% | 24.24% | 23.43% |
| Net Income | 615.07M▲ 0% | -397.52M▼ 164.6% | -340.13M▲ 14.4% | -1.27B▼ 272.8% | -186.9M▲ 85.3% | 1.87B▲ 1101.4% | 198.4M▼ 89.4% | 57.23M▼ 71.2% | 634.42M▲ 1008.6% | 961.66M▲ 0% |
| Net Margin % | 22.28% | -10.88% | -9.33% | -41.11% | -3.23% | 22.55% | 4.64% | 1.39% | 12.65% | 17.54% |
| Net Income Growth % | 172.46% | -164.63% | 14.44% | -272.77% | 85.26% | 1101.42% | -89.4% | -71.16% | 1008.62% | 347.89% |
| Net Income (Continuing) | 785.14M | -45.7M | -293.14M | -1.26B | -154.11M | 2B | 297.33M | 93.7M | 674.57M | 1B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 726.96M | 821.67M | 0 | 322.57M | 308.93M | 262.6M | 232.7M | 194.88M | 164.82M | 160.17M |
| EPS (Diluted) | 1.94▲ 0% | -1.26▼ 164.9% | -1.11▲ 11.9% | -4.65▼ 318.9% | -0.61▲ 86.9% | 5.69▲ 1032.8% | 0.64▼ 88.8% | 0.18▼ 71.9% | 2.03▲ 1027.8% | 3.09▲ 0% |
| EPS Growth % | 167.36% | -164.95% | 11.9% | -318.92% | 86.88% | 1032.79% | -88.75% | -71.88% | 1027.78% | 356.77% |
| EPS (Basic) | 1.95 | -1.26 | -1.11 | -4.65 | -0.61 | 6.09 | 0.66 | 0.18 | 2.05 | - |
| Diluted Shares Outstanding | 316.28M | 316.04M | 306.4M | 272.43M | 308.15M | 329.22M | 311.6M | 313.41M | 312.36M | 311.43M |
| Basic Shares Outstanding | 315.43M | 315.49M | 306.4M | 272.43M | 308.15M | 307.2M | 299.79M | 309.49M | 309.72M | 308.93M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
AR Balance Sheet
Antero Resources Corporation (AR) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 833.09M | 806.61M | 922.88M | 574.14M | 686.12M | 787.52M | 475.69M | 507.55M | 831.78M | 677.93M |
| Cash & Short-Term Investments | 28.44M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 210M | 0 |
| Cash Only | 28.44M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 210M | 0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 335.02M | 525.9M | 489.31M | 453.77M | 670.44M | 743.17M | 443.42M | 488.03M | 507.23M | 486.65M |
| Days Sales Outstanding | 44.29 | 52.55 | 49.01 | 53.71 | 42.25 | 32.68 | 37.82 | 43.25 | 36.93 | 29.74 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 469.63M | 280.71M | 433.58M | 120.37M | 15.68M | 33.77M | 19.37M | 7.1M | 100M | 191.28M |
| Total Non-Current Assets | 14.43B | 14.71B | 14.27B | 12.58B | 13.21B | 13.33B | 13.04B | 12.5B | 13.46B | 14.67B |
| Property, Plant & Equipment | 13.24B | 13.87B | 12.87B | 12.26B | 12.95B | 13.08B | 12.79B | 12.24B | 11.34B | 2.21B |
| Fixed Asset Turnover | 0.21x | 0.26x | 0.28x | 0.25x | 0.45x | 0.63x | 0.33x | 0.34x | 0.44x | 0.58x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 303.3M | 433.64M | 1.06B | 255.08M | 232.4M | 220.43M | 222.25M | 231.05M | 258.18M | 1.07B |
| Other Non-Current Assets | 889.55M | 409.29M | 354.27M | 61.08M | 31.05M | 26.95M | 30.95M | 34.51M | 817.63M | 13.06B |
| Total Assets | 15.26B▲ 0% | 15.52B▲ 1.7% | 15.2B▼ 2.1% | 13.15B▼ 13.5% | 13.9B▲ 5.7% | 14.12B▲ 1.6% | 13.52B▼ 4.3% | 13.01B▼ 3.8% | 14.29B▲ 9.8% | 15.35B▲ 0% |
| Asset Turnover | 0.18x | 0.24x | 0.24x | 0.23x | 0.42x | 0.59x | 0.32x | 0.32x | 0.35x | 0.40x |
| Asset Growth % | 7.06% | 1.69% | -2.07% | -13.47% | 5.67% | 1.59% | -4.26% | -3.75% | 9.84% | 20.26% |
| Total Current Liabilities | 762.1M | 853.54M | 1.04B | 983.05M | 2.07B | 1.77B | 1.45B | 1.45B | 1.5B | 1.69B |
| Accounts Payable | 62.98M | 66.29M | 14.5M | 26.73M | 24.82M | 77.54M | 38.99M | 62.21M | 150.97M | 77.97M |
| Days Payables Outstanding | 10.93 | 9.4 | 1.59 | 2.71 | 2.56 | 7.63 | 3.88 | 5.99 | 14.11 | 7.42 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 516.26M | 536.3M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 45.26M | 37.6M | 30.55M | 27.1M | 25.26M | 23.5M | 95.48M |
| Other Current Liabilities | 46.27M | 8.89M | 13.6M | 33.54M | 570.99M | 99.47M | 16.53M | 34.97M | 427.81M | 1.06B |
| Current Ratio | 1.09x | 0.95x | 0.89x | 0.58x | 0.33x | 0.44x | 0.33x | 0.35x | 0.55x | 0.55x |
| Quick Ratio | 1.09x | 0.95x | 0.89x | 0.58x | 0.33x | 0.44x | 0.33x | 0.35x | 0.55x | 0.55x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | 22.32 |
| Total Non-Current Liabilities | 5.62B | 6.18B | 7.19B | 6.08B | 5.76B | 5.33B | 4.93B | 4.35B | 5.07B | 5.43B |
| Long-Term Debt | 4.8B | 5.46B | 3.76B | 3B | 2.13B | 1.18B | 1.54B | 1.49B | 3.01B | 2.66B |
| Capital Lease Obligations | 0 | 2.87M | 2.58B | 2.35B | 2.96B | 2.89B | 2.43B | 2.05B | 1.61B | 6.79B |
| Deferred Tax Liabilities | 779.64M | 650.79M | 781.99M | 412.25M | 318.13M | 759.86M | 811.98M | 693.34M | 1.95B | 4.73B |
| Other Non-Current Liabilities | 43.52M | 63.1M | 62.15M | 158.87M | 236.27M | 404.97M | 92.19M | 79.23M | -1.51B | -1.27B |
| Total Liabilities | 6.39B | 7.03B | 8.23B | 7.06B | 7.83B | 7.1B | 6.38B | 5.79B | 6.57B | 7.13B |
| Total Debt | 4.8B | 5.47B | 6.65B | 5.62B | 5.55B | 4.63B | 4.51B | 4.03B | 5.14B | 4.75B |
| Net Debt | 4.77B | 5.47B | 6.65B | 5.62B | 5.55B | 4.63B | 4.51B | 4.03B | 4.93B | 4.75B |
| Debt / Equity | 0.54x | 0.64x | 0.95x | 0.92x | 0.91x | 0.66x | 0.63x | 0.56x | 0.67x | 0.67x |
| Debt / EBITDA | 3.06x | 5.22x | - | - | 7.21x | 1.42x | 3.93x | 5.26x | 3.24x | 2.48x |
| Net Debt / EBITDA | 3.04x | 5.22x | - | - | 7.21x | 1.42x | 3.93x | 5.26x | 3.11x | 3.11x |
| Interest Coverage | 2.82x | 0.39x | -0.61x | -7.29x | -0.25x | 20.46x | 4.06x | 0.79x | 11.64x | 14.47x |
| Total Equity | 8.88B▲ 0% | 8.49B▼ 4.4% | 6.97B▼ 17.9% | 6.09B▼ 12.6% | 6.07B▼ 0.4% | 7.02B▲ 15.7% | 7.13B▲ 1.7% | 7.22B▲ 1.2% | 7.72B▲ 6.9% | 8.22B▲ 0% |
| Equity Growth % | 14.85% | -4.38% | -17.87% | -12.63% | -0.4% | 15.68% | 1.67% | 1.15% | 6.92% | 26.66% |
| Book Value per Share | 28.06 | 26.86 | 22.75 | 22.36 | 19.69 | 21.31 | 22.90 | 23.03 | 24.70 | 26.41 |
| Total Shareholders' Equity | 8.15B | 7.67B | 6.97B | 5.77B | 5.76B | 6.75B | 6.9B | 7.02B | 7.55B | 8.06B |
| Common Stock | 3.16M | 3.09M | 2.96M | 2.69M | 3.14M | 2.97M | 3.04M | 3.11M | 3.08M | 3.1M |
| Retained Earnings | 1.58B | 1.18B | 837.42M | -430.48M | -617.38M | 913.9M | 1.05B | 1.11B | 1.68B | 2.22B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | -1.16M | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 726.96M | 821.67M | 0 | 322.57M | 308.93M | 262.6M | 232.7M | 194.88M | 164.82M | 160.17M |
AR Cash Flow Statement
Antero Resources Corporation (AR) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 2.01B | 2.08B | 1.1B | 735.64M | 1.66B | 3.05B | 994.72M | 849.29M | 1.63B | 1.63B |
| Operating CF Margin % | 72.67% | 57% | 30.28% | 23.85% | 28.66% | 36.76% | 23.25% | 20.62% | 32.53% | - |
| Operating CF Growth % | 61.63% | 3.77% | -47% | -33.33% | 125.67% | 83.8% | -67.4% | -14.62% | 92.03% | 450.75% |
| Net Income | 785.14M | -45.7M | -293.14M | -1.26B | -154.11M | 2B | 297.33M | 93.7M | 634.42M | 961.66M |
| Depreciation & Amortization | 827.22M | 975.28M | 918.63M | 865.29M | 745.83M | 719.79M | 750.09M | 765.83M | 753.57M | 773.58M |
| Stock-Based Compensation | 103.44M | 70.41M | 23.56M | 23.32M | 20.44M | 35.44M | 59.52M | 66.46M | 60.81M | 57.4M |
| Deferred Taxes | -295.13M | -128.86M | -79.16M | -397.27M | -74.29M | 440.42M | 62.04M | -118.64M | 213.97M | 304.32M |
| Other Non-Cash Items | 509.58M | 1.24B | 498.02M | 1.61B | 1.01B | -80.34M | -317.54M | 66.75M | -37.7M | -373.84M |
| Working Capital Changes | 76.03M | -25.42M | 35.54M | -109.05M | 114.67M | -62.81M | 143.28M | -24.81M | 5.87M | 267.48M |
| Change in Receivables | -43.38M | -189.86M | 188.57M | -116.92M | -221.69M | -72.73M | 314.43M | -27.4M | -39.38M | 76.81M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 9.46M | 9.31M | -28M | -19.28M | -1.18M | 32.37M | -16.84M | 35.3M | -2.35M | 46.38M |
| Cash from Investing | -2.46B | -2.35B | -1.04B | -530.06M | -710.78M | -943.61M | -1.14B | -714.15M | -1.08B | -3.15B |
| Capital Expenditures | -934.77M | -722.01M | -1.42B | -48.09M | -114.76M | -163.32M | -167.52M | -101.92M | -1.09B | -21.7M |
| CapEx % of Revenue | 33.86% | 19.77% | 39.03% | 1.56% | 1.98% | 1.97% | 3.91% | 2.47% | 21.82% | - |
| Acquisitions | -235M | -136.47M | 371.59M | 125M | 0 | 0 | 0 | 0 | 16.28M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -1.29B | -1.49B | 9.07M | -606.97M | -596.02M | -780.29M | -973.25M | -612.23M | 0 | -3.13B |
| Cash from Financing | 452.17M | 240.3M | 557.56M | -205.58M | -949.33M | -2.11B | 146.05M | -135.13M | -343.12M | 1.12B |
| Debt Issued (Net) | 90M | 660.38M | 690.91M | -466.52M | -857.3M | -992.93M | 382.03M | -24M | -105.32M | 1.37B |
| Equity Issued (Net) | 560.06M | -129.08M | -38.77M | -43.44M | -13.27M | -873.74M | -75.36M | -29.61M | -136.4M | -126.31M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -125.25M |
| Share Repurchases | 0 | -129.08M | -38.77M | -43.44M | -13.27M | -873.74M | -75.36M | -29.61M | -136.4M | -126.31M |
| Other Financing | -197.89M | -291M | -94.57M | 304.38M | -78.76M | -241.06M | -160.63M | -81.53M | -101.4M | 3.83M |
| Net Change in Cash | -3.17M▲ 0% | 240.3M▲ 7682.7% | 619.53M▲ 157.8% | 0▼ 100.0% | 0▲ 0% | 0▲ 0% | 0▲ 0% | 0▲ 0% | 210M▲ 0% | 0▲ 0% |
| Free Cash Flow | 1.07B▲ 0% | 1.36B▲ 26.9% | 935.42M▼ 31.2% | 687.55M▼ 26.5% | 1.55B▲ 124.8% | 2.89B▲ 86.9% | 827.2M▼ 71.4% | 747.36M▼ 9.7% | 1.24B▲ 66.3% | -1.02B▲ 0% |
| FCF Margin % | 38.81% | 37.23% | 25.67% | 22.29% | 26.68% | 34.8% | 19.33% | 18.15% | 24.8% | -18.63% |
| FCF Growth % | 1356.15% | 26.92% | -31.22% | -26.5% | 124.76% | 86.88% | -71.36% | -9.65% | 66.34% | -199.63% |
| FCF per Share | 3.39 | 4.30 | 3.05 | 2.52 | 5.02 | 8.77 | 2.65 | 2.38 | 3.98 | 3.98 |
| FCF Conversion (FCF/Net Income) | 3.26x | -5.24x | -3.24x | -0.58x | -8.88x | 1.63x | 5.01x | 14.84x | 2.57x | -1.06x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.17M |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
AR Key Ratios
Antero Resources Corporation (AR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 7.41% | -4.58% | -4.4% | -19.41% | -3.07% | 28.61% | 2.8% | 0.8% | 8.5% | 12.43% |
| Return on Invested Capital (ROIC) | 4.26% | 0.39% | -5.37% | -5.65% | 0.15% | 16.38% | 2.55% | 0% | 5.21% | 5.21% |
| Gross Margin | 23.79% | 29.52% | 8.55% | -16.68% | 38.95% | 55.33% | 14.31% | 7.95% | 22.1% | 26.04% |
| Net Margin | 22.28% | -10.88% | -9.33% | -41.11% | -3.23% | 22.55% | 4.64% | 1.39% | 12.65% | 17.54% |
| Debt / Equity | 0.54x | 0.64x | 0.95x | 0.92x | 0.91x | 0.66x | 0.63x | 0.56x | 0.67x | 0.67x |
| Interest Coverage | 2.82x | 0.39x | -0.61x | -7.29x | -0.25x | 20.46x | 4.06x | 0.79x | 11.64x | 14.47x |
| FCF Conversion | 3.26x | -5.24x | -3.24x | -0.58x | -8.88x | 1.63x | 5.01x | 14.84x | 2.57x | -1.06x |
| Revenue Growth | 57.3% | 32.32% | -0.25% | -15.37% | 87.81% | 43.3% | -48.45% | -3.75% | 21.73% | 23.13% |
AR SEC Filings & Documents
Antero Resources Corporation (AR) SEC filings — annual & quarterly reports (10-K, 10-Q)
AR Frequently Asked Questions
Antero Resources Corporation (AR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Antero Resources Corporation (AR) reported $5.48B in revenue for fiscal year 2025. This represents a 2708% increase from $195.3M in 2011.
Antero Resources Corporation (AR) grew revenue by 21.7% over the past year. This is strong growth.
Yes, Antero Resources Corporation (AR) is profitable, generating $961.7M in net income for fiscal year 2025 (12.7% net margin).
Dividend & Returns
Antero Resources Corporation (AR) has a return on equity (ROE) of 8.5%. This is below average, suggesting room for improvement.
Antero Resources Corporation (AR) had negative free cash flow of $1.02B in fiscal year 2025, likely due to heavy capital investments.
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