Antero Resources
AR
35.57
-0.15
-0.42%
Antero Resources
US · AR
#1431 by market cap
Listed 1970
35.57
-0.15
-0.42%
Live - 5344 symbols - heartbeat 348s ago
· 2026-10-08 07:35
Pre-market
36.12
+1.55%
After-hours
35.65
+0.22%
- Market cap
- 10.94B
- P/E (TTM)i
- 10.19
- P/Bi
- 1.31
- EPSi
- 2.03
- Div yieldi
- 0.00%
- 52W posi
- 39%
Reader sentiment
Are you bullish or bearish on AR?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Fair
- Altman Z-Score is 1.91, in the 1.8-3.0 "grey zone".
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +21.97% YoY
Margins
- Gross margin
- 22.10%
- Operating margin
- 16.55%
- Net margin
- 12.65%
Key ratios & quality
- Altman Z-Scorei
- 1.91
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4.14B | 4.41B | 3.49B | 4.62B | 7.14B | 4.68B | 4.33B | 5.28B |
| Gross profit | 1.08B | 311.50M | -514.44M | 2.26B | 4.59B | 612.47M | 327.33M | 1.11B |
| Selling & admin expenses | 926.40M | 728.51M | 603.89M | 956.70M | 704.21M | 509.48M | 474.24M | 422.73M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 603.17M | -125.29M | -794.96M | 2.05B | 4.33B | 333.38M | 52.49M | 829.70M |
| Pretax profit | -174.56M | -367.25M | -1.66B | -228.19M | 2.44B | 360.96M | -24.49M | 890.43M |
| Tax | -128.86M | -74.11M | -397.48M | -74.08M | 441.26M | 63.63M | -118.19M | 215.87M |
| Net profit | -45.70M | -293.14M | -1.26B | -154.11M | 2.00B | 297.33M | 93.70M | 674.57M |
| Basic EPS | -1 | -1 | -5 | -1 | 6 | 1 | 0 | 2 |
| Diluted EPS | -1.26 | -1.11 | -4.65 | -0.61 | 5.69 | 0.64 | 0.18 | 2.03 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 1.35B | 1.30B | 1.21B | 1.41B | 1.95B | 1.56B |
| Gross profit | 421.94M | 242.66M | 172.40M | 271.26M | 741.78M | 276.17M |
| Selling & admin expenses | 105.22M | 109.17M | 108.01M | 100.33M | 125.89M | 129.85M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 346.88M | 171.91M | 103.84M | 207.07M | 661.46M | 206.32M |
| Pretax profit | 273.87M | 214.76M | 128.94M | 272.87M | 693.72M | 365.42M |
| Tax | 54.40M | 48.19M | 43.33M | 69.95M | 145.51M | 79.00M |
| Net profit | 219.47M | 166.57M | 85.61M | 202.92M | 548.21M | 286.42M |
| Basic EPS | 1 | 1 | 0 | 1 | 2 | 1 |
| Diluted EPS | 0.66 | 0.50 | 0.24 | 0.62 | 1.72 | 0.90 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 806.61M | 922.89M | 574.14M | 686.12M | 787.53M | 475.69M | 507.55M | 831.78M |
| Cash & ST investments | -- | -- | -- | -- | -- | -- | -- | -- |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 15.52B | 15.20B | 13.15B | 13.90B | 14.12B | 13.52B | 13.01B | 13.25B |
| Total current liabilities | 853.54M | 1.04B | 983.05M | 2.07B | 1.77B | 1.45B | 1.45B | 1.50B |
| Short-term debt | 2.46M | 305.32M | 266.02M | 456.35M | 556.64M | 540.06M | 493.89M | 516.26M |
| Long-term debt | 5.46B | 3.76B | 3.00B | 2.13B | 1.18B | 1.54B | 1.49B | 1.40B |
| Total liabilities | 7,031,987,000.00 | 8,226,826,000.00 | 7,060,574,000.00 | 7,830,436,000.00 | 7,100,885,000.00 | 6,383,025,000.00 | 5,793,517,000.00 | 5,529,758,000.00 |
| Total equity | 8.49B | 6.97B | 6.09B | 6.07B | 7.02B | 7.13B | 7.22B | 7.72B |
| Retained earnings | 1.18B | 837.42M | -430.48M | -617.38M | 913.90M | 1.05B | 1.11B | 1.68B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 574.79M | 427.53M | 427.79M | 831.78M | 677.93M | 693.57M |
| Cash & ST investments | -- | -- | -- | -- | -- | -- |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 13.05B | 12.77B | 12.91B | 13.25B | 15.35B | 15.23B |
| Total current liabilities | 1.49B | 1.40B | 1.39B | 1.50B | 1.69B | 1.73B |
| Short-term debt | 515.88M | 514.29M | 509.40M | 516.26M | 536.30M | 713.67M |
| Long-term debt | 1.29B | 1.10B | 1.31B | 1.40B | 2.66B | 2.43B |
| Total liabilities | 5,640,538,000.00 | 5,281,566,000.00 | 5,394,450,000.00 | 5,529,758,000.00 | 7,126,233,000.00 | 6,915,731,000.00 |
| Total equity | 7.41B | 7.48B | 7.52B | 7.72B | 8.22B | 8.32B |
| Retained earnings | 1.31B | 1.44B | 1.49B | 1.68B | 2.22B | 2.48B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 2.08B | 1.10B | 735.64M | 1.66B | 3.05B | 994.72M | 849.29M | 1.63B |
| Depreciation & amortization | 975.28M | 918.63M | 865.29M | 745.83M | 719.79M | 750.09M | 765.83M | 753.57M |
| Free cash flow | 1.36B | 935.42M | 687.55M | 1.55B | 2.89B | 827.20M | 747.36M | 1.24B |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -129.08M | -38.77M | -43.44M | 0 | -873.74M | -75.36M | 0 | -136.40M |
| Ending cash balance | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 210.00M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 457.74M | 492.36M | 310.09M | 370.74M | 859.06M | 438.85M |
| Depreciation & amortization | 187.29M | 188.53M | 189.72M | 188.02M | 207.30M | 228.24M |
| Free cash flow | 426.73M | 465.15M | 33.24M | 318.03M | 829.88M | 413.59M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -10.09M | -74.87M | -51.36M | -83.00K | 0 | -37.89M |
| Ending cash balance | 0 | 0 | 0 | 210.00M | 0 | 0 |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -5.03 | -4.65 | -19.91 | -3.24 | 30.35 | 3.54 | 0.82 | 8.71 |
| ROA %i | -2.58 | -2.21 | -8.95 | -1.38 | 13.56 | 1.75 | 0.43 | 4.83 |
| ROIC %i | -1.44 | -1.17 | -8.93 | -0.56 | 17.64 | 2.97 | 1.29 | 6.31 |
| 5-year avg ROE %i | 4.94 | 0.64 | -6.99 | -4.86 | -0.57 | 1.02 | 2.11 | 7.84 |
| EBIT margin %i | 3.07 | -3.81 | -47.28 | -0.80 | 31.35 | 12.52 | 2.28 | 19.43 |
| FCF / sales %i | 37.23 | 25.64 | 22.29 | 26.69 | 34.82 | 19.33 | 18.15 | 24.80 |
| Current ratioi | 0.95 | 0.89 | 0.58 | 0.33 | 0.44 | 0.33 | 0.35 | 0.55 |
| Quick ratioi | 0.62 | 0.47 | 0.46 | 0.32 | 0.42 | 0.31 | 0.34 | 0.34 |
| Debt / assetsi | 35.23 | 43.74 | 42.71 | 39.91 | 32.79 | 33.34 | 31.00 | 26.62 |
| LT debt / equityi | 71.28 | 90.99 | 92.76 | 88.40 | 60.30 | 57.47 | 50.41 | 39.87 |
| Interest coveragei | 0.39 | -0.61 | -7.29 | -0.25 | 20.74 | 4.54 | 0.79 | 11.64 |
| Revenue CAGR (3Y) %i | 38.49 | 27.57 | 3.76 | 16.61 | 31.57 | 11.54 | -10.74 | -15.47 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -30.28 |
| FCF CAGR (3Y) %i | 62.12 | 133.38 | -13.75 | 4.35 | 45.61 | 6.36 | -21.51 | -24.50 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 3.40 | 6.70 | 8.25 | 8.71 | 12.59 | 13.87 |
| ROA %i | 1.82 | 3.66 | 4.52 | 4.83 | 6.77 | 7.74 |
| ROIC %i | 2.89 | 4.98 | 6.08 | 6.31 | 8.69 | 9.88 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 7.18 | 12.98 | 15.59 | 19.43 | 25.67 | 28.05 |
| FCF / sales %i | 21.24 | 27.21 | 24.19 | 24.80 | 30.02 | 28.39 |
| Current ratioi | 0.39 | 0.30 | 0.31 | 0.55 | 0.40 | 0.40 |
| Quick ratioi | 0.37 | 0.28 | 0.28 | 0.34 | 0.29 | 0.28 |
| Debt / assetsi | 29.17 | 27.35 | 27.65 | 26.62 | 30.95 | 30.30 |
| LT debt / equityi | 45.59 | 40.75 | 41.67 | 39.87 | 52.27 | 46.91 |
| Interest coveragei | 2.87 | 6.22 | 8.59 | 11.64 | 14.47 | 13.72 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Exploration and Production is the largest reported line at 96.41% of revenue, across 4 reported segments.
- The next-largest line, Equity Method Investment in Antero Midstream, is a distant second at 20.98% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Exploration and Production96.41%
Equity Method Investment in Antero Midstream20.98%
Marketing3.59%
Quote time 2026-10-08 07:35:45 · For reference only, not investment advice and not tailored to your situation.