Antero Resources Corporation logo

Antero Resources Corporation

AR

NYSEEnergyOil & Gas Exploration & Production

Regular session

$37.97

+$0.035 · +0.09%

Aug 24, 12:30 PM ET

AR company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

80

Undervalued

Momentum

39

Weakening

Sentiment

63

Bullish

Risk resilience

68

Moderate Risk

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Company profile

Company website

Antero Resources Corporation functions as an independent energy enterprise, primarily engaged in identifying, acquiring, developing, and extracting natural gas, natural gas liquids (NGLs), and crude oil deposits throughout the United States. As of the close of 2021 (December 31st), the company held significant land positions, including roughly 502,000 net acres within the Appalachian Basin and an additional 174,000 net acres in the Upper Devonian Shale. Its infrastructure in the Appalachian Basin also featured 494 miles of operational gas gathering pipelines and 21 compressor stations. The firm's estimated proven reserves were substantial, totaling 17.7 trillion cubic feet of natural gas equivalent. This quantity was composed of 10.2 trillion cubic feet of natural gas, 718 million barrels of ethane expected to be recovered, 501 million barrels of other NGLs (such as propane, isobutane, normal butane, and natural gasoline), and 36 million barrels of oil. Established in 2002, Antero Resources Corporation originally operated under the name Antero Resources Appalachian Corporation, adopting its current identity in June 2013. The company's main office is situated in Denver, Colorado.

Industry
Oil & Gas Exploration & Production
Sector
Energy
Headquarters
US
CEO
Michael N. Kennedy
Listed since
Oct 10, 2013
Employees
632

Market position

Day range

Current $37.97

52-week range

Current $37.97

Open
$38.03
Previous close
$37.935
Volume
1.33M
0.28× average
Average volume
4.66M
Average daily volume
Market cap
11.67B USD
Beta
0.34
Market reference 1
50-day average
$35.0746
+8.25% above average
200-day average
$36.023
+5.40% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
15.6B USD
P/E (TTM)
10.82×
P/B (TTM)
1.41×
P/S (TTM)
2.08×
EV / EBITDA
9.03×
Earnings yield
5.94%
Free cash flow yield
11.65%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
26.02%
Operating margin
20.98%
Net margin
19.29%
Return on equity
8.40%
Return on assets
4.44%
Return on invested capital
4.73%

Financial health

Debt / equity
0.55×
Current ratio
0.55×
Altman Z-score
1.87
Piotroski F-score
8 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends61%38%14%-9%Gross margin, FY2021: 38.95%Gross margin, FY2022: 55.33%Gross margin, FY2023: 14.31%Gross margin, FY2024: 7.95%Gross margin, FY2025: 22.10%Operating margin, FY2021: 0.41%Operating margin, FY2022: 30.59%Operating margin, FY2023: 9.26%Operating margin, FY2024: 1.27%Operating margin, FY2025: 16.55%Net margin, FY2021: -3.23%Net margin, FY2022: 22.55%Net margin, FY2023: 4.64%Net margin, FY2024: 1.39%Net margin, FY2025: 12.65%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 38.95%. Gross margin FY2022 55.33%. Gross margin FY2023 14.31%. Gross margin FY2024 7.95%. Gross margin FY2025 22.10%. Operating margin FY2021 0.41%. Operating margin FY2022 30.59%. Operating margin FY2023 9.26%. Operating margin FY2024 1.27%. Operating margin FY2025 16.55%. Net margin FY2021 -3.23%. Net margin FY2022 22.55%. Net margin FY2023 4.64%. Net margin FY2024 1.39%. Net margin FY2025 12.65%.

Income trends

Revenue

5.01B USD+21.73%

Operating income

829.7M USD+1480.62%

Net income

634.42M USD+1008.62%
Income trends across reported periods9.15B USD5.75B USD2.36B USD−1.04B USDRevenue, FY2021: 5.79B USDRevenue, FY2022: 8.3B USDRevenue, FY2023: 4.28B USDRevenue, FY2024: 4.12B USDRevenue, FY2025: 5.01B USDOperating income, FY2021: 23.86M USDOperating income, FY2022: 2.54B USDOperating income, FY2023: 396.25M USDOperating income, FY2024: 52.49M USDOperating income, FY2025: 829.7M USDNet income, FY2021: −186.9M USDNet income, FY2022: 1.87B USDNet income, FY2023: 198.4M USDNet income, FY2024: 57.23M USDNet income, FY2025: 634.42M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 5.79B USD. Revenue FY2022 8.3B USD. Revenue FY2023 4.28B USD. Revenue FY2024 4.12B USD. Revenue FY2025 5.01B USD. Operating income FY2021 23.86M USD. Operating income FY2022 2.54B USD. Operating income FY2023 396.25M USD. Operating income FY2024 52.49M USD. Operating income FY2025 829.7M USD. Net income FY2021 −186.9M USD. Net income FY2022 1.87B USD. Net income FY2023 198.4M USD. Net income FY2024 57.23M USD. Net income FY2025 634.42M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue5.01B USD4.12B USD4.28B USD8.3B USD5.79B USD
Cost of goods sold3.91B USD3.79B USD3.67B USD3.71B USD3.54B USD
Gross profit1.11B USD327.33M USD612.47M USD4.59B USD2.26B USD
Selling, general, and administrative422.73M USD474.24M USD509.48M USD704.21M USD956.7M USD
Operating expenses278.55M USD274.84M USD216.22M USD2.05B USD2.23B USD
Interest expense83.68M USD118.21M USD117.87M USD125.37M USD181.87M USD
Depreciation and amortization753.57M USD765.83M USD750.09M USD719.79M USD745.83M USD
Operating income829.7M USD52.49M USD396.25M USD2.54B USD23.86M USD
Net income634.42M USD57.23M USD198.4M USD1.87B USD−186.9M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
27%
3 beats, 8 misses, 0 met estimates
Average EPS surprise
-7.64%
11 comparable reports
Latest EPS result
0.76
Estimate 0.84 · Miss by 8.98%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.250.880.50.13Q1 '25BeatQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 12, 2025: actual 0.58, estimate 0.4, surprise +45.00%, Beat. Q2 2025, reported Apr 30, 2025: actual 0.78, estimate 0.834, surprise -6.47%, Miss. Q3 2025, reported Jul 30, 2025: actual 0.35, estimate 0.419, surprise -16.49%, Miss. Q4 2025, reported Oct 29, 2025: actual 0.15, estimate 0.22, surprise -31.82%, Miss. Q1 2026, reported Feb 11, 2026: actual 0.42, estimate 0.503, surprise -16.50%, Miss. Q2 2026, reported Apr 29, 2026: actual 1.15, estimate 1.17, surprise -1.71%, Miss. Q3 2026, reported Jul 29, 2026: actual 0.76, estimate 0.835, surprise -8.98%, Miss. Q4 2026, reported Oct 28, 2026: actual —, estimate 1.08, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates2.02B1.71B1.41B1.1BQ1 '25BeatQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 12, 2025: actual 1.23B USD, estimate 1.17B USD, surprise +4.53%, Beat. Q2 2025, reported Apr 30, 2025: actual 1.35B USD, estimate 1.4B USD, surprise -3.16%, Miss. Q3 2025, reported Jul 30, 2025: actual 1.2B USD, estimate 1.24B USD, surprise -3.10%, Miss. Q4 2025, reported Oct 29, 2025: actual 1.17B USD, estimate 1.41B USD, surprise -16.79%, Miss. Q1 2026, reported Feb 11, 2026: actual 1.41B USD, estimate 1.31B USD, surprise +7.91%, Beat. Q2 2026, reported Apr 29, 2026: actual 1.95B USD, estimate 1.67B USD, surprise +16.77%, Beat. Q3 2026, reported Jul 29, 2026: actual 1.56B USD, estimate 1.53B USD, surprise +2.26%, Beat. Q4 2026, reported Oct 28, 2026: actual —, estimate 1.6B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$50.18

32.16% upside
Past 12 months12-month forecastHigh $57.00Average $50.18Low $38.00

Rating distribution

50 ratings
Strong buy12%
Buy3366%
Hold1632%
Sell00%
Strong sell00%

Recent analyst actions

12 institutions

AR news

Corporate actions

Corporate action history

Dividend

Ex-dividend May 1, 2017

$0.30

Annual

Dividend

Ex-dividend May 9, 2016

$0.24

Semi-Annual

Dividend

Ex-dividend Nov 6, 2015

$0.21

Semi-Annual

Dividend

Ex-dividend May 11, 2015

$0.18

Quarterly

Dividend

Ex-dividend Feb 11, 2015

$0.09

Quarterly

AR peers

ETFs holding AR

Funds reporting this stock among their holdings, ordered by reported position size.

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