Antero Resources Corp

AR · NYSE · Energy / Oil & Gas E&P

38.74USD+0.03 (+0.08%)

Price History

Full chart

Market Stats

Previous Close38.71

Open38.57

Day Range38.27 – 39.14

52-Week Range31.08 – 45.75

Volume3.25M

Market Cap12.92B

P/E (TTM)9.50

Forward P/E9.15

EPS4.43

Dividend Yield0.00%

Beta0.54

50-Day Avg37.56

200-Day Avg36.82

About

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.

Company Details

SectorEnergy
IndustryOil & Gas E&P
CEOMr. Michael N. Kennedy
Employees632
Headquarters1615 Wynkoop Street, Denver, CO, United States, 80202, USA
Websitehttps://www.anteroresources.com

Leadership

Mr. Michael N. KennedyCEO, President & Director · b. 1975
Mr. Paul M. RadyCo-Founder & Chairman Emeritus · b. 1954
Mr. Brendan E. KruegerCFO, Senior VP of Finance & Treasurer · b. 1985
Ms. Yvette K. Schultz J.D.Chief Compliance Officer, Senior VP of Legal, General Counsel & Corporate Secretary · b. 1982
Mr. Jon S. McEversSenior Vice President of Operations
Ms. Sheri L. PearceSenior VP of Accounting & Chief Accounting Officer · b. 1967
Mr. Biren KumarChief Information Officer · b. 1967
Mr. Daniel Philip KatzenbergDirector of Finance and Investor Relations
Mr. Steven M. WoodwardSenior Vice President of Business Development · b. 1959
Mr. W. Patrick AshSenior Vice President of Reserves, Planning & Midstream · b. 1979

Financials

Income Statement

Currency: USD	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	47.43M	195.29M	264.98M	821.45M	1.76B	1.38B	1.76B	2.76B	3.65B	3.64B	3.08B	5.79B	8.30B	4.28B	4.12B	5.01B
Growth (%)	-	+311.73%	+35.69%	+210.00%	+114.11%	-21.82%	+27.63%	+57.30%	+32.32%	-0.25%	-15.37%	+87.81%	+43.30%	-48.45%	-3.75%	+21.73%
Cost of Revenue	31.80M	109.55M	219.57M	512.22M	1.06B	1.48B	1.81B	2.10B	2.57B	3.33B	3.60B	3.54B	3.71B	3.67B	3.79B	3.91B
Gross Profit	15.63M	85.73M	45.41M	309.22M	702.26M	-108.33M	-54.33M	656.81M	1.08B	311.50M	-514.44M	2.26B	4.59B	612.47M	327.33M	1.11B
Gross Margin	32.95%	43.90%	17.14%	37.64%	39.93%	-7.88%	-3.10%	23.79%	29.52%	8.55%	-16.68%	38.95%	55.33%	14.31%	7.95%	22.10%
Operating Expense	-44.67M	-445.25M	-398.61M	-31.99M	-597.48M	-1.90B	921.47M	-83.28M	1.01B	1.30B	439.00M	2.23B	2.05B	216.22M	274.84M	278.55M
Operating Income	60.30M	530.98M	444.01M	341.21M	1.30B	1.79B	-975.80M	740.09M	71.91M	-987.04M	-953.45M	23.86M	2.54B	396.25M	52.49M	829.70M
Operating Margin	127.12%	271.90%	167.56%	41.54%	73.90%	130.19%	-55.60%	26.81%	1.97%	-27.09%	-30.92%	0.41%	30.59%	9.26%	1.27%	16.55%
EBITDA	76.15M	586.68M	546.14M	533.58M	1.76B	2.50B	-179.93M	1.59B	1.09B	779.49M	-592.73M	699.51M	3.29B	1.23B	859.55M	1.73B
EBITDA Margin	160.55%	300.42%	206.11%	64.96%	99.98%	181.93%	-10.25%	57.45%	29.77%	21.39%	-19.22%	12.08%	39.58%	28.72%	20.87%	34.46%
Net Income	228.63M	392.68M	-285.07M	-18.93M	673.59M	941.36M	-848.82M	615.07M	-397.52M	-340.13M	-1.27B	-186.90M	1.87B	198.40M	57.23M	634.42M
Net Income Margin	482.02%	201.08%	-107.58%	-2.30%	38.30%	68.46%	-48.36%	22.28%	-10.88%	-9.33%	-41.11%	-3.23%	22.55%	4.64%	1.39%	12.65%
R&D	-	-	-	0	0	0	0	0	0	-	-	-	-	-	-	-
R&D as % of Total Revenue	-	-	-	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	-	-	-	-	-	-
Interest Expense	56.46M	74.40M	97.51M	136.62M	160.05M	234.40M	253.55M	268.70M	286.74M	228.11M	199.87M	181.87M	125.37M	117.87M	118.21M	83.68M
Interest Expense % of Total Revenue	119.04%	38.10%	36.80%	16.63%	9.10%	17.05%	14.45%	9.73%	7.85%	6.26%	6.48%	3.14%	1.51%	2.75%	2.87%	1.67%

Balance Sheet

Currency: USD	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	-	3.79B	3.62B	6.61B	11.57B	14.16B	14.26B	15.26B	15.52B	15.20B	13.15B	13.90B	14.12B	13.52B	13.01B	14.29B
Total Liabilities	-	1.83B	1.95B	3.01B	6.10B	6.87B	6.53B	6.39B	7.03B	8.23B	7.06B	7.83B	7.10B	6.38B	5.79B	6.57B
Total Equity	-	1.96B	1.67B	3.60B	4.38B	7.29B	7.73B	8.88B	8.49B	6.97B	6.09B	6.07B	7.02B	6.90B	7.02B	7.55B
Cash	-	3.34M	18.99M	17.49M	245.98M	23.47M	31.61M	28.44M	0	-2.89B	-2.61B	-3.42B	-3.45B	-	-	210.00M
Total Debt	-	1.32B	1.47B	2.08B	4.36B	4.71B	4.91B	4.83B	5.47B	6.65B	5.62B	5.55B	4.63B	4.51B	4.03B	5.14B
Net Debt	-	1.31B	1.45B	2.06B	4.12B	4.69B	4.67B	4.77B	5.46B	6.65B	5.62B	5.55B	4.63B	4.51B	4.03B	4.93B

Cash Flow

Currency: USD	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	127.79M	266.31M	332.25M	534.71M	998.12M	1.01B	1.24B	2.01B	2.08B	1.10B	735.64M	1.66B	3.05B	994.72M	849.29M	1.63B
Investing Cash Flow	-230.67M	-901.25M	-463.49M	-2.67B	-4.09B	-2.30B	-2.40B	-2.46B	-2.35B	-1.04B	-530.06M	-710.78M	-943.61M	-1.14B	-714.15M	-1.08B
Financing Cash Flow	101.20M	629.30M	146.88M	2.14B	3.32B	1.07B	1.16B	452.17M	240.30M	557.56M	-205.58M	-949.33M	-2.11B	146.05M	-135.13M	-343.12M
Capital Expenditure	91.05M	375.71M	843.40M	1.06B	1.61B	696.63M	1.17B	934.77M	722.01M	168.04M	48.09M	114.76M	163.32M	167.52M	101.92M	387.78M
Free Cash Flow	36.74M	-109.41M	-511.14M	-520.90M	-611.30M	309.75M	73.59M	1.07B	1.36B	935.42M	687.55M	1.55B	2.89B	827.20M	747.36M	1.24B
Dividends Paid	-	28.86M	-	0	0	34.13M	75.08M	152.35M	267.27M	157.96M	171.02M	136.61M	125.14M	125.14M	125.20M	125.25M
FCF to OCF	28.75%	-41.08%	-153.84%	-97.42%	-61.24%	30.78%	5.93%	53.41%	65.32%	84.77%	93.46%	93.09%	94.65%	83.16%	88.00%	76.22%
Dividend Paid to FCF	-	-26.38%	-	0.00%	0.00%	11.02%	102.03%	14.22%	19.65%	16.89%	24.87%	8.84%	4.33%	15.13%	16.75%	10.08%

Earnings

Report Date	Nov 6, 2013	Feb 27, 2014	May 7, 2014	Aug 6, 2014	Nov 5, 2014	Feb 25, 2015	Apr 29, 2015	Jul 29, 2015	Oct 28, 2015	Feb 24, 2016	Apr 27, 2016	Aug 2, 2016	Oct 26, 2016	Feb 28, 2017	May 8, 2017	Aug 2, 2017	Nov 1, 2017	Feb 13, 2018	Apr 25, 2018	Aug 1, 2018	Oct 31, 2018	Feb 13, 2019	May 1, 2019	Jul 31, 2019	Oct 29, 2019	Feb 12, 2020	Apr 29, 2020	Jul 29, 2020	Oct 28, 2020	Feb 17, 2021	Apr 28, 2021	Jul 28, 2021	Oct 27, 2021	Feb 16, 2022	Apr 27, 2022	Jul 27, 2022	Oct 26, 2022	Feb 15, 2023	Apr 26, 2023	Jul 26, 2023	Oct 25, 2023	Feb 14, 2024	Apr 24, 2024	Jul 31, 2024	Oct 30, 2024	Feb 12, 2025	Apr 30, 2025	Jul 30, 2025	Oct 29, 2025	Feb 11, 2026	Apr 29, 2026	Jul 29, 2026	Oct 28, 2026	Nov 4, 2026
EPS Estimate	0.20	0.25	0.35	0.38	0.33	0.28	0.22	0.05	0.04	0.15	0.19	0.11	0.12	0.19	0.10	0.04	0.04	0.24	0.37	0.16	0.23	0.37	0.35	-0.13	-0.30	-0.09	0.02	-0.15	-0.07	0.06	0.52	0.28	0.33	0.67	1.18	1.95	1.88	0.89	0.54	-0.28	0.05	0.21	0.03	-0.16	-0.06	0.29	0.88	0.42	0.25	0.52	1.14	0.73	0.91	0.92
EPS Actual	0.19	0.28	0.34	0.29	0.27	0.30	0.27	0.06	0.05	0.20	0.17	0.14	0.18	0.22	0.18	-0.04	-0.04	0.23	0.44	0.02	0.24	0.46	0.35	-0.21	-0.49	-0.02	-0.13	-0.37	0.05	-0.03	0.62	0.13	0.19	0.46	1.15	1.68	1.63	1.04	0.50	-0.28	0.08	0.23	0.07	-0.19	-0.12	0.57	0.78	0.35	0.16	0.43	1.15	0.72	0.79	-
Surprise	-5.00%	12.00%	-2.86%	-23.68%	-18.18%	7.14%	22.73%	20.00%	25.00%	33.33%	-10.53%	27.27%	50.00%	15.79%	80.00%	-200.00%	-200.00%	-4.17%	18.92%	-87.50%	4.35%	24.32%	0.00%	-61.54%	-63.33%	77.78%	-750.00%	-146.67%	171.43%	-150.00%	19.23%	-53.57%	-42.42%	-31.34%	-2.54%	-13.85%	-13.30%	16.85%	-7.41%	0.00%	60.00%	9.52%	133.33%	-18.75%	-100.00%	96.55%	-11.36%	-16.67%	-36.00%	-17.31%	0.88%	-1.37%	-13.19%	-
Timing	After-hours	-	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	-

Key Statistics & Ratios

Market Cap12.92B

Enterprise Value17.58B

Trailing P/E9.50

Forward P/E9.15

PEG Ratio0.46

Price / Sales2.16

Price / Book1.50

EPS4.43

Book Value28.14

Revenue (TTM)5.98B

Gross Profit (TTM)4.08B

EBITDA2.63B

Profit Margin22.98%

Operating Margin29.50%

Return on Equity17.39%

Return on Assets7.69%

Shares Outstanding307.14M

Shares Float295.89M

Beta0.54

Dividend Yield0.00%

Dividend Rate0.00

Payout Ratio0.00%

Analyst Ratings

Buy

Based on 22 analystsTarget 50.55

Strong Buy
12
Buy
3
Hold
7

Ownership Breakdown

Institutions: 91.64%
Insiders: 4.42%
Retail / Other: 3.94%

Top Institutional Holders

BlackRock Inc
27.52M8.95%
FMR Inc
16.72M5.44%
Vanguard Portfolio Management, LLC
14.00M4.55%
Vanguard Capital Management, LLC
13.33M4.34%
Dimensional Fund Advisors, Inc.
12.70M4.13%
State Street Corp
11.40M3.71%
Sourcerock Group LLC
8.67M2.82%
Amvescap Plc.
8.06M2.62%
AQR Capital Management LLC
7.61M2.48%
Geode Capital Management, LLC
5.75M1.87%
Massachusetts Financial Services Company
5.66M1.84%
Orbis Allan Gray Ltd
4.55M1.48%
Neuberger Berman Group LLC
4.28M1.39%
Adage Capital Partners Gp LLC
4.06M1.32%

Top Fund Holders

iShares Core S&P Mid-Cap ETF
10.95M3.56%
Vanguard MStar Total Stk Mkt Idx Invest
9.24M3.00%
Vanguard Small Cap Index
6.57M2.14%
Invesco Small Cap Value A
4.91M1.60%
Strategic Advisers Fidelity US TtlStk
4.74M1.54%
Invesco Value Opportunities A
4.03M1.31%

Dividends

20171×

0.30May 1, 2017

20161×

0.23May 9, 2016

20153×

0.20Nov 6, 20150.18May 11, 20150.09Feb 11, 2015