Saturday 17 October 2026 Export AR’s income statement to Excel — free account

Antero Resources Corporation

Antero Resources Corporation’s revenue for fiscal 2025 (year ended December 2025) was $5.3 billion, up 22.0% from fiscal 2024. In the quarter to June 2026, revenue grew 20.2%, EPS grew 80.0%, free cash flow fell 289.7% and total debt rose 121.4%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

38.65 2.21 +6.06%

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Market cap: $11.2B
P/E: 11.0×
Fwd P/E: 7.2×
Dividend yield: —
F-score: 8/9
Altman Z: 1.89
Beneish M: −2.90
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.17

Total sells 11.16

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	1	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	1	3	—	2	—	—	—	—	—

Insider Ownership 5.33%

Capital & Financial Ratios $m

Market Cap 11,200.00

Revenue 6,130.59

Net Income 1,289.73

Free Cash Flow 21.74

Net Debt 2,432.26

Current Ratio 0.40

Debt/Equity 0.29

P/E ratio 11.01

Fwd P/E 7.17

P/S ratio 1.95

P/B ratio 1.44

Past 5Y EPS Growth —

This Y EPS Growth 157.27%

Next Y EPS Growth 9.78%

Next Y revenue growth 28.47%

Next 5Y EPS Growth 50.12%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 37.83%

10-year low 10-year high

P/S against its own 10 years 63.73%

10-year low 10-year high

P/B against its own 10 years 85.22%

10-year low 10-year high

EV/Sales against its own 10 years 52.45%

10-year low 10-year high

EV/FCF against its own 10 years 97.28%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	0.30	0.30

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	—	—	210	—
Receivables	43	34	34	25
Inventory	—	—	—	—
Other	420	461	573	656
	476	508	832	694

	2023	2024	2025	Q'26
Payables	125	173	151	176
ST’ Debt	—	—	—	—
Other	17	35	89	195
	1,452	1,446	1,503	1,729

Compound Annual Growth %

	10y	5y	3y
Sales	2.92%	8.61%	(9.59%)
Cash Flow	4.85%	17.26%	(18.85%)
Earnings	(3.87%)	0.00%	(30.28%)
Book Value	0.57%	4.84%	3.21%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1,945	1,560	—	—	—
’25	1,353	1,297	1,214	1,412	5,276
’24	1,122	979	1,056	1,169	4,326
’23	1,408	953	1,126	1,194	4,682
’22	787	2,202	2,065	2,085	7,138
’21	1,204	487	534	2,394	4,619
’20	1,317	485	381	1,309	3,492

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	1,298	—	—	—
’25	458	492	310	371	1,631
’24	262	143	166	278	849
’23	344	155	183	312	995
’22	566	923	1,088	475	3,051
’21	564	309	313	475	1,660
’20	201	116	176	243	736

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	(810)	—	—	—
’25	427	476	38	318	1,259
’24	228	124	147	257	757
’23	266	114	151	297	828
’22	535	871	1,040	446	2,891
’21	546	297	282	(178)	947
’20	190	104	166	228	688

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.72	0.90	—	—	—
’25	0.66	0.50	0.24	0.62	2.03
’24	0.12	(0.21)	(0.07)	0.48	0.18
’23	0.69	(0.28)	0.06	0.30	0.78
’22	(0.50)	2.29	1.72	2.31	5.77
’21	(0.05)	(1.70)	(1.75)	2.65	(0.61)
’20	(1.19)	(1.73)	(1.99)	0.21	(4.65)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	19.00	17.59	8.86	1.86	0.64	5.47	15.98	19.91	20.56	29.10	Analyst estimates 2026–2028 Powerpack
	High	30.66	26.60	22.69	11.03	5.99	21.99	48.80	30.90	36.28	44.02
People
People	Employees	528	593	623	547	522	519	586	604	616	632
	Revenue/emp, $m	3.30	6.16	6.64	8.06	6.69	8.90	12.18	7.75	7.02	8.35
Income, $m
Income, $m	Revenue	1,745	3,656	4,140	4,409	3,492	4,619	7,138	4,682	4,326	5,276
	Gross margin, %	14.08	54.99	44.73	32.69	8.19	21.95	50.64	31.55	24.31	36.58
	EBT	(1,246)	490	(175)	(367)	(1,658)	(228)	2,440	361	(24)	890
	EBT margin, %	(71.41)	13.41	(4.22)	(8.33)	(47.48)	(4.94)	34.18	7.71	(0.57)	16.88
	Net income	(749)	785	(46)	(293)	(1,260)	(154)	1,999	297	94	675
	Depreciation	812	827	980	929	863	713	687	722	741	729
Per share, $
Per share, $	Revenue	5.91	11.59	13.10	14.39	12.82	14.99	23.24	15.62	13.98	17.03
	Earnings	(2.88)	1.95	(1.26)	(1.11)	(4.65)	(0.61)	6.18	0.81	0.18	2.05
	Cash flow	4.21	6.36	6.59	3.60	2.70	5.39	9.93	3.32	2.74	5.27
	Capex	(3.38)	(2.96)	(2.28)	(0.54)	(0.17)	(2.31)	(0.52)	(0.56)	(0.30)	(1.20)
	Free cash flow	0.83	3.40	4.30	3.06	2.53	3.07	9.41	2.76	2.45	4.07
	Book value	26.20	28.14	26.86	22.75	22.36	19.69	22.84	23.80	23.32	24.91
	Shares, m	295	315	316	306	272	308	307	300	309	310
Valuation, ×
Valuation, ×	P/E	0.00	10.20	0.00	0.00	0.00	0.00	4.56	27.93	109.53	16.81
	P/S	4.00	1.71	0.72	0.20	0.43	1.17	1.22	1.45	2.51	2.02
	P/B	0.90	0.70	0.35	0.13	0.24	0.89	1.24	0.95	1.50	1.38
	EV/Sales	6.68	3.01	2.02	1.04	1.28	1.63	1.39	1.78	2.85	2.25
	EV/FCF	47.50	10.26	6.16	4.89	6.48	7.93	3.43	10.05	16.29	9.42
Cash, $m
Cash, $m	Operating cash flow	1,241	2,006	2,082	1,103	736	1,660	3,051	995	849	1,631
	Capex	(996)	(933)	(722)	(166)	(47)	(713)	(161)	(167)	(92)	(372)
	Free cash flow	245	1,074	1,360	937	688	947	2,891	828	757	1,259
Balance, $m
Balance, $m	Working capital	(415)	71	(47)	(117)	(409)	(1,382)	(987)	(976)	(938)	(672)
	Total debt	4,704	4,800	5,462	3,759	3,002	2,125	1,183	1,538	1,489	1,398
	Net debt	4,672	4,772	5,217	3,712	2,973	2,125	1,183	1,538	1,489	1,188
	Shareholders’ equity	7,729	8,876	8,487	6,971	6,090	6,066	7,017	7,134	7,217	7,716
Returns, %
Returns, %	ROA	(5.98)	4.17	(2.58)	(2.21)	(8.95)	(1.38)	13.36	1.44	0.43	4.83
	ROIC	(4.92)	3.39	0.33	(5.77)	(6.57)	0.18	19.35	2.86	0.00	6.20
	ROE	(11.31)	7.41	(4.58)	(4.40)	(19.41)	(3.07)	28.61	2.80	0.80	8.50

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
PR Permian Resources Corporation	$19.8B	15.9×	11.5×	+55.15% (above 0%: growing)	+216.67% (above 0%: growing)	+872.22% (above 0%: growing)	80.07%	49.95%	Compare
APA APA Corporation	$16.6B	10.4×	5.8×	−8.15% (below 0%: shrinking)	+26.95% (above 0%: growing)	+4.61% (above 0%: growing)	101.46%	53.23%	Compare
AR Antero Resources Corporation	$11.2B	11.0×	7.2×	+20.22% (above 0%: growing)	+80.00% (above 0%: growing)	−289.65% (below 0%: shrinking)	41.92%	24.07%
RRC Range Resources Corporation	$9.7B	11.8×	9.5×	−2.65% (below 0%: shrinking)	−16.16% (below 0%: shrinking)	−72.91% (below 0%: shrinking)	92.10%	32.10%	Compare
SM SM Energy Company	$8.9B	7.7×	6.5×	+215.26% (above 0%: growing)	+154.55% (above 0%: growing)	+673.91% (above 0%: growing)	77.76%	59.84%	Compare
CHRD Chord Energy Corporation	$8.1B	10.4×	7.1×	+84.04% (above 0%: growing)	n/m	+2,825.56% (above 0%: growing)	50.96%	27.74%	Compare
VIST Vista Energy, S.A.B. de C.V. - Sponsored ADR	$7.8B	9.1×	11.4×	+102.26% (above 0%: growing)	+35.27% (above 0%: growing)	+195.82% (above 0%: growing)	57.36%	44.18%	Compare
MTDR Matador Resources Company	$6.7B	9.9×	9.1×	+32.51% (above 0%: growing)	+160.33% (above 0%: growing)	+1,086.25% (above 0%: growing)	98.18%	48.66%	Compare
MGY Magnolia Oil & Gas Corp	$6.6B	11.1×	9.9×	+50.11% (above 0%: growing)	+136.59% (above 0%: growing)	+179.06% (above 0%: growing)	96.41%	50.02%	Compare
Median of peers	$8.5B	10.4×	9.3×	+52.63%	+136.59%	+434.87%	86.09%	49.31%

All 73 Oil & Gas E&P stocks →

Antero Resources Corporation (AR) key facts

Strength: Antero Resources Corporation’s revenue for fiscal 2025 (year ended December 2025) was $5.3 billion, up 22.0% from fiscal 2024.
Antero Resources Corporation (AR) is an Oil & Gas E&P company in the Energy sector, listed on the New York Stock Exchange.
As of October 16, 2026, AR traded at $38.65, a market capitalization of $11.2 billion.
Return on equity was 8.50% and debt-to-equity 0.29.
Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 1.89 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.