AR Chart
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.

Fundamentals
Scroll to Statements
Sector Energy Industry Oil & Gas E&P Market Cap 10.49B
Enterprise Value — Income 634.42M Sales 5.14B
Book/sh 24.48 Cash/sh — Dividend Yield —
Payout 0.00% Employees 632 IPO —
P/E 16.75 Forward P/E 8.69 PEG —
P/S 2.04 P/B 1.39 P/C —
EV/EBITDA — EV/Sales — Quick Ratio 0.34
Current Ratio 0.55 Debt/Eq 45.71 LT Debt/Eq —
EPS (ttm) 2.03 EPS next Y 3.91 EPS Growth 29.90%
Revenue Growth 11.10% Earnings 2026-04-29 ROA 4.34%
ROE 9.04% ROIC — Gross Margin 66.43%
Oper. Margin 22.20% Profit Margin 12.34% Shs Outstand 308.52M
Shs Float 290.74M Short Float 3.98% Short Ratio 1.79
Short Interest — 52W High 44.02 52W Low 29.10
Beta 0.52 Avg Volume 5.73M Volume 138.64K
Target Price $44.00 Recom Buy Prev Close $33.82
Price $34.01 Change 0.54%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$44.00
Mean price target
2. Current target
$34.01
Latest analyst target
3. DCF / Fair value
$-0.03
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$34.01
Low
$26.00
High
$55.00
Mean
$44.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-13 main Wells Fargo Overweight → Overweight $52
2026-01-23 main Morgan Stanley Overweight → Overweight $46
2026-01-21 main Barclays Equal-Weight → Equal-Weight $41
2025-12-12 main Wells Fargo Overweight → Overweight $49
2025-12-12 main UBS Buy → Buy $46
2025-12-11 main Barclays Equal-Weight → Equal-Weight $46
2025-12-10 main B of A Securities Buy → Buy $47
2025-12-09 main Morgan Stanley Overweight → Overweight $48
2025-12-09 main BMO Capital Market Perform → Market Perform $40
2025-12-08 down JP Morgan Overweight → Neutral $39
2025-11-03 up Wells Fargo Equal-Weight → Overweight $39
2025-10-30 main Barclays Equal-Weight → Equal-Weight $40
2025-10-14 main Morgan Stanley Overweight → Overweight $44
2025-10-07 main Barclays Equal-Weight → Equal-Weight $42
2025-10-03 main Jefferies Buy → Buy $47
2025-10-02 main JP Morgan Overweight → Overweight $44
2025-09-23 up Citigroup Neutral → Buy $39
2025-09-15 main Mizuho Outperform → Outperform $41
2025-09-15 main UBS Buy → Buy $42
2025-08-20 up UBS Neutral → Buy $43
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 4625 — — Stock Gift at price 0.00 per share. HARDESTY BENJAMIN A Director — 2026-02-18 00:00:00 D
1 2310 — — Stock Award(Grant) at price 0.00 per share. HARDESTY BENJAMIN A Director — 2026-01-09 00:00:00 D
2 1712 — — Stock Award(Grant) at price 0.00 per share. MUTSCHLER JACQUELINE C Director — 2026-01-09 00:00:00 D
3 1712 — — Stock Award(Grant) at price 0.00 per share. MUNOZ JEFFREY S Director — 2026-01-09 00:00:00 D
4 1712 — — Stock Award(Grant) at price 0.00 per share. TYREE THOMAS BURDICK JR. Director — 2026-01-09 00:00:00 D
5 1712 — — Stock Award(Grant) at price 0.00 per share. KEENAN W HOWARD JR Director — 2026-01-09 00:00:00 D
6 1712 — — Stock Award(Grant) at price 0.00 per share. SUTIL VICKY Director — 2026-01-09 00:00:00 D
7 1712 — — Stock Award(Grant) at price 0.00 per share. SCHROER BRENDA R Director — 2026-01-09 00:00:00 D
8 5000 166750.0 — Purchase at price 33.35 per share. KRUEGER BRENDAN E. Chief Financial Officer — 2025-11-07 00:00:00 D
9 5000 166750.0 — Purchase at price 33.35 per share. KRUEGER BRENDAN E. Chief Financial Officer — 2025-11-07 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems11.12M-11.04M11.00M-332.53M
TaxRateForCalcs0.240.210.170.18
NormalizedEBITDA1.68B912.11M1.17B5.12B
TotalUnusualItems45.93M-52.56M62.86M-1.84B
TotalUnusualItemsExcludingGoodwill45.93M-52.56M62.86M-1.84B
NetIncomeFromContinuingOperationNetMinorityInterest634.42M57.23M198.40M1.87B
ReconciledDepreciation753.57M765.83M750.09M719.79M
ReconciledCostOfRevenue3.91B3.79B3.67B3.71B
EBITDA1.73B859.55M1.23B3.29B
EBIT974.12M93.72M478.82M2.57B
NetInterestIncome-83.68M-118.21M-117.87M-125.37M
InterestExpense83.68M118.21M117.87M125.37M
NormalizedIncome599.60M98.75M146.54M3.38B
NetIncomeFromContinuingAndDiscontinuedOperation634.42M57.23M198.40M1.87B
TotalExpenses4.18B4.07B3.95B3.97B
TotalOperatingIncomeAsReported883.65M460.00K396.25M2.54B
DilutedAverageShares312.36M313.41M311.60M329.22M
BasicAverageShares309.72M309.49M299.79M307.20M
DilutedEPS2.030.180.645.77
BasicEPS2.050.180.666.18
DilutedNIAvailtoComStockholders634.42M57.43M199.93M1.87B
NetIncomeCommonStockholders634.42M57.43M199.93M1.87B
OtherunderPreferredStockDividend0.00-200.00K-1.53M-2.65M
NetIncome634.42M57.23M198.40M1.87B
MinorityInterests-40.15M-36.47M-98.92M-127.20M
NetIncomeIncludingNoncontrollingInterests674.57M93.70M297.33M2.00B
NetIncomeContinuousOperations674.57M93.70M297.33M2.00B
TaxProvision215.87M-118.19M63.63M441.26M
PretaxIncome890.43M-24.49M360.95M2.44B
OtherIncomeExpense144.41M41.23M145.44M-1.77B
OtherNonOperatingIncomeExpenses-374.00K-169.00K-50.78M
SpecialIncomeCharges-65.12M-53.29M-103.46M-221.33M
GainOnSaleOfPPE266.00K-862.00K447.00K-471.00K
GainOnSaleOfBusiness0.00
OtherSpecialCharges31.64M5.00M52.61M71.13M
WriteOff0.000.00
ImpairmentOfCapitalAssets29.36M47.43M51.30M149.73M
RestructuringAndMergernAcquisition4.39M0.000.000.00
EarningsFromEquityInterest98.48M93.79M82.95M72.33M
GainOnSaleOfSecurity111.05M731.00K166.32M-1.62B
NetNonOperatingInterestIncomeExpense-83.68M-118.21M-117.87M-125.37M
InterestExpenseNonOperating83.68M118.21M117.87M125.37M
OperatingIncome829.70M52.49M333.38M4.33B
OperatingExpense278.55M274.84M279.09M261.89M
OtherOperatingExpenses-144.18M-199.40M-230.39M-442.32M
SellingGeneralAndAdministration422.73M474.24M509.48M704.21M
SellingAndMarketingExpense190.21M244.91M284.96M531.30M
GeneralAndAdministrativeExpense232.53M229.34M224.52M172.91M
OtherGandA232.53M229.34M224.52M172.91M
GrossProfit1.11B327.33M612.47M4.59B
CostOfRevenue3.91B3.79B3.67B3.71B
TotalRevenue5.01B4.12B4.28B8.30B
OperatingRevenue5.01B4.12B4.28B8.29B
Line Item2023-12-312022-12-31
TreasurySharesNumber0.0034.00K
OrdinarySharesNumber308.51M311.17M303.54M297.36M
ShareIssued308.51M311.17M303.54M297.39M
NetDebt1.40B1.49B1.54B1.18B
TotalDebt3.53B4.03B4.51B4.63B
TangibleBookValue7.55B7.02B6.90B6.75B
InvestedCapital8.95B8.51B8.44B7.94B
WorkingCapital-671.53M-938.38M-976.40M-987.38M
NetTangibleAssets7.55B7.02B6.90B6.75B
CapitalLeaseObligations2.13B2.54B2.97B3.45B
CommonStockEquity7.55B7.02B6.90B6.75B
TotalCapitalization8.95B8.51B8.44B7.94B
TotalEquityGrossMinorityInterest7.72B7.22B7.13B7.02B
MinorityInterest164.82M194.88M232.70M262.60M
StockholdersEquity7.55B7.02B6.90B6.75B
TreasuryStock0.000.001.16M0.00
RetainedEarnings1.68B1.11B1.05B913.90M
AdditionalPaidInCapital5.87B5.91B5.85B5.84B
CapitalStock3.08M3.11M3.04M2.97M
CommonStock3.08M3.11M3.04M2.97M
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest5.53B5.79B6.38B7.10B
TotalNonCurrentLiabilitiesNetMinorityInterest4.03B4.35B4.93B5.33B
OtherNonCurrentLiabilities57.14M62.00M59.43M59.69M
LiabilitiesHeldforSaleNonCurrent39.79M0.00
DerivativeProductLiabilities0.0017.23M32.76M345.28M
NonCurrentDeferredLiabilities919.25M728.79M872.69M847.67M
NonCurrentDeferredRevenue11.95M35.45M60.71M87.81M
NonCurrentDeferredTaxesLiabilities907.31M693.34M811.98M759.86M
LongTermDebtAndCapitalLeaseObligation3.01B3.54B3.97B4.07B
LongTermCapitalLeaseObligation1.61B2.05B2.43B2.89B
LongTermDebt1.40B1.49B1.54B1.18B
CurrentLiabilities1.50B1.45B1.45B1.77B
OtherCurrentLiabilities88.96M34.97M16.53M99.47M
CurrentDeferredLiabilities23.50M25.26M27.10M30.55M
CurrentDeferredRevenue23.50M25.26M27.10M30.55M
CurrentDebtAndCapitalLeaseObligation516.26M493.89M540.06M556.64M
CurrentCapitalLeaseObligation516.26M493.89M540.06M556.64M
PayablesAndAccruedExpenses874.59M891.80M868.40M1.09B
CurrentAccruedExpenses316.08M323.61M328.79M375.52M
InterestPayable24.26M29.01M33.07M31.89M
Payables558.51M568.19M539.61M712.73M
OtherPayable1.60M1.04M53.73M35.20M
DuetoRelatedPartiesCurrent101.45M111.07M86.28M80.71M
DividendsPayable384.78M315.93M361.78M468.21M
TotalTaxPayable22.77M78.98M51.52M32.54M
AccountsPayable49.51M62.21M38.99M77.54M
TotalAssets13.25B13.01B13.52B14.12B
TotalNonCurrentAssets12.41B12.50B13.04B13.33B
OtherNonCurrentAssets817.63M33.21M25.38M17.11M
FinancialAssets12.52M1.30M5.57M9.84M
InvestmentsAndAdvances245.65M231.05M222.25M220.43M
LongTermEquityInvestment245.65M231.05M222.25M220.43M
InvestmentsinAssociatesatCost232.40M
NetPPE11.34B12.24B12.79B13.08B
AccumulatedDepreciation-5.75B-5.70B-5.17B-4.68B
GrossPPE17.09B17.94B17.95B17.77B
Leases41.82M33.08M
OtherProperties113.02M105.87M98.67M83.91M
MachineryFurnitureEquipment1.14B1.37B1.61B1.85B
BuildingsAndImprovements28.40M33.34M37.71M41.82M
CurrentAssets831.78M507.55M475.69M787.52M
OtherCurrentAssets10.82M6.05M14.19M31.87M
HedgingAssetsCurrent68.91M1.05M5.17M1.90M
AssetsHeldForSaleCurrent20.27M0.00
RestrictedCash210.00M0.00
PrepaidAssets14.55M12.42M12.90M10.58M
Receivables507.23M488.03M443.42M743.17M
OtherReceivables473.45M453.61M400.81M707.68M
AccountsReceivable33.77M34.41M42.62M35.49M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow1.24B747.36M827.20M2.89B
RepurchaseOfCapitalStock-136.40M0.00-75.36M-873.74M
RepaymentOfDebt-5.01B-4.15B-4.12B-7.30B
IssuanceOfDebt4.91B4.13B4.50B6.31B
CapitalExpenditure-387.78M-101.92M-167.52M-163.32M
InterestPaidSupplementalData88.08M120.06M113.91M155.01M
EndCashPosition210.00M0.000.000.00
OtherCashAdjustmentOutsideChangeinCash0.00
BeginningCashPosition0.000.000.000.00
ChangesInCash210.00M
FinancingCashFlow-343.12M-135.13M146.05M-2.11B
CashFlowFromContinuingFinancingActivities-343.12M-135.13M146.05M-2.11B
NetOtherFinancingCharges-110.38M-111.14M-160.62M-241.06M
NetCommonStockIssuance-136.40M0.00-75.36M-873.74M
CommonStockPayments-136.40M0.00-75.36M-873.74M
NetIssuancePaymentsOfDebt-96.33M-24.00M382.03M-992.93M
NetShortTermDebtIssuance34.80M-1.02B
NetLongTermDebtIssuance-96.33M-24.00M382.03M-992.93M
LongTermDebtPayments-5.01B-4.15B-4.12B-7.30B
LongTermDebtIssuance4.91B4.13B4.50B6.31B
InvestingCashFlow-1.08B-714.15M-1.14B-943.61M
CashFlowFromContinuingInvestingActivities-1.08B-714.15M-1.14B-943.61M
NetOtherInvestingChanges-690.03M-612.23M-973.25M-780.29M
NetBusinessPurchaseAndSale0.000.00
SaleOfBusiness0.000.00
PurchaseOfBusiness0.00
NetPPEPurchaseAndSale-387.78M-101.92M-167.52M-163.32M
PurchaseOfPPE-387.78M-101.92M-167.52M-163.32M
OperatingCashFlow1.63B849.29M994.72M3.05B
CashFlowFromContinuingOperatingActivities1.63B849.29M994.72M3.05B
DividendReceivedCFO125.25M125.20M125.14M125.14M
ChangeInWorkingCapital5.87M-24.81M143.28M-62.81M
ChangeInOtherCurrentLiabilities13.60M3.18M-357.00K-12.64M
ChangeInOtherCurrentAssets316.00K
ChangeInPayablesAndAccruedExpense38.65M-9.27M-185.69M50.09M
ChangeInAccruedExpense-44.98M1.28M-62.42M-5.62M
ChangeInPayable83.63M-10.55M-123.27M55.71M
ChangeInDividendPayable85.97M-45.85M-106.43M23.34M
ChangeInAccountPayable-2.35M35.30M-16.84M32.37M
ChangeInPrepaidAssets-6.99M8.68M14.89M-27.53M
ChangeInReceivables-39.38M-27.40M314.43M-72.73M
ChangesInAccountReceivables-142.00K25.41M7.55M43.51M
OtherNonCashItems-9.23M-22.91M-218.87M-34.15M
StockBasedCompensation60.81M66.46M59.52M35.44M
AssetImpairmentCharge29.36M47.43M51.30M149.73M
DeferredTax213.97M-118.64M62.04M440.42M
DeferredIncomeTax213.97M-118.64M62.04M440.42M
DepreciationAmortizationDepletion753.57M765.83M750.09M719.79M
Depletion753.57M765.83M750.09M719.79M
OperatingGainsLosses-223.24M-82.97M-275.11M-321.06M
EarningsLossesFromEquityInvestments-98.48M-93.79M-82.95M-72.33M
GainLossOnInvestmentSecurities-128.12M9.42M-191.71M-295.23M
GainLossOnSaleOfBusiness0.00
NetIncomeFromContinuingOperations674.57M93.70M297.33M2.00B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for AR
Date User Asset Broker Type Position Size Entry Price Patterns