Antero Resources Corp (AR)
Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Production; Marketing; and Equity Method Investment in Antero Midstream. As of December 31, 2025, the company had approximately 537,000 net acres in the Appalachian Basin; and approximately 168,000 net acres in the Upper Devonian Shale. Its gathering and compression systems also comprise 731 miles of gas gathering pipelines in the Appalachian Basin. 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 incorporated in 2002 and is headquartered in Denver, Colorado.
- Symbol
- AR
- Exchange
- NYSE
- Sector
- Energy
- Industry
- Oil & Gas E&P
- Market cap
- $11.01B
- 52 week range
- 29.1 - 45.75
Valuation
- Share price
- $35.65 (close of 2026-09-23)
- P/E (TTM)
- 10.16x
- Price to book
- 1.32x
- Price to free cash flow
- 5.56x
- Enterprise value
- $15.62B
- Book value per share
- $26.94
Price performance
| Period | Change |
|---|
| 1 day | +4.98% |
| 5 days | -8.19% |
| 1 month | -6.04% |
| 3 months | +3.24% |
| 6 months | -16.24% |
| Year to date | +3.45% |
| 1 year | +6.93% |
| 3 years | +49.66% |
| 5 years | +99.72% |
| 10 years | +35.35% |
| All time | -31.46% |
Profitability and growth
- Return on equity
- 8.74%
- Return on invested capital
- 6.05%
- Return on assets
- 5.09%
- Return on capital employed
- 7.53%
- Gross margin
- 21.16%
- Net margin
- 12.79%
- EBITDA margin
- 30.96%
- Revenue growth
- 21.97%
- Net income growth
- 619.95%
- Free cash flow growth
- 92.03%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 17.98%
- Current ratio
- 0.40x
- Net debt to EBITDA
- 1.93x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $5.28B
- Cost of revenue
- $4.16B
- Gross profit
- $1.12B
- EBITDA
- $1.63B
- Net income
- $674.57M
- Earnings per share
- $2.05
- Shares outstanding
- 309.72M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $5.28B | $1.12B | $674.57M | $2.05 |
| 2024-12-31 | $4.33B | $229.80M | $93.70M | $0.18 |
| 2023-12-31 | $4.68B | $620.76M | $297.33M | $0.66 |
| 2022-12-31 | $7.14B | $2.71B | $2.00B | $6.09 |
| 2021-12-31 | $4.62B | $168.87M | $-154.11M | $-0.61 |
| 2020-12-31 | $3.49B | - | $-1.26B | $-4.65 |
| 2019-12-31 | $4.41B | - | $-293.14M | $-1.11 |
| 2018-12-31 | $4.14B | $312.25M | $-45.70M | $-1.26 |
| 2017-12-31 | $3.66B | $991.29M | $785.14M | $1.95 |
| 2016-12-31 | $1.74B | - | $-749.45M | $-2.88 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 21.16% | 12.79% | 8.74% | 6.05% |
| 2024-12-31 | 5.31% | 2.17% | 1.30% | 0.00% |
| 2023-12-31 | 13.26% | 6.35% | 4.17% | 2.86% |
| 2022-12-31 | 38.00% | 28.00% | 28.63% | 18.07% |
| 2021-12-31 | 3.66% | -3.34% | -2.54% | 0.21% |
| 2020-12-31 | - | -36.10% | -20.70% | -4.75% |
| 2019-12-31 | - | -6.65% | -4.21% | -6.70% |
| 2018-12-31 | 7.54% | -1.10% | -0.54% | 0.52% |
| 2017-12-31 | 27.12% | 21.48% | 8.85% | 5.42% |
| 2016-12-31 | - | -42.96% | -9.70% | -3.93% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $210.00M | $1.40B |
| 2024-12-31 | - | $1.49B |
| 2023-12-31 | - | $1.54B |
| 2022-12-31 | - | $1.18B |
| 2021-12-31 | - | $2.13B |
| 2020-12-31 | - | $3.00B |
| 2019-12-31 | - | $3.76B |
| 2018-12-31 | - | $5.46B |
| 2017-12-31 | $28.44M | $4.80B |
| 2016-12-31 | $31.61M | $4.70B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $1.63B | $60.81M |
| 2024-12-31 | $849.29M | $66.46M |
| 2023-12-31 | $994.72M | $59.52M |
| 2022-12-31 | $2.11B | $35.44M |
| 2021-12-31 | $944.18M | $20.44M |
| 2020-12-31 | $-138.72M | $23.32M |
| 2019-12-31 | $-318.70M | $23.56M |
| 2018-12-31 | $-128.60M | $70.41M |
| 2017-12-31 | $-210.46M | $103.44M |
| 2016-12-31 | $1.24B | $102.42M |
Dividend history
- Most recent payment
- 2017-05-01
| Payment date | Dividend per share |
|---|
| 2017-05-01 | $0.30 |
| 2016-05-09 | $0.24 |
| 2015-11-06 | $0.21 |
| 2015-05-11 | $0.18 |
| 2015-02-11 | $0.09 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-04
- Consensus EPS estimate
- $0.92
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-07-29 | Jun/2026 | $0.73 |
| 2026-04-29 | - | - |
| 2026-02-11 | - | - |
| 2025-10-29 | - | - |
| 2025-07-30 | - | - |
| 2025-07-29 | - | - |
| 2025-04-30 | - | - |
| 2025-04-22 | - | - |
Filings and sources
- Company website
- anteroresources.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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