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Antero Resources Corporation

Update

Re-runs extraction for each period with period-end year from max(2023, current year − 2) through the current year, oldest first (up to three reporting years). This can take a long time.

Appalachian gas and liquids producer operating extended-reach horizontal wells.

Sector: United States — oil & gas exploration & production

US_EP_AR

Price chart

37.08 USDDay 0.93%
45.1540.2335.3130.3825.462024-05-132026-05-14min 25.46 · max 45.15

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
37.08 USD · 0.93%
Market cap
11.5 bn USD

Growth

Δ revenue y/y
43.8%
Δ EBITDA y/y
104.4%

Multiples

P/E (LTM)
11.3x
3y avg: 51.8x
P/B (FY)
1.5x
EV/EBITDA (LTM)
6.3x
3y avg: 10.8x

Cash return

Dividend yield
—
FCF yield (LTM)
-8.9%

Liquidity

Daily turnover (US listing)
104 mln USD

Shares: sec_companyfacts/1433270

Amounts: USD (converted) · KZT (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial dynamics

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDInvesting CFM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2026-03-31Q1 2026OK1945.1
y/y 43.8%
729.5206.2
y/y 10.7%
935.7
y/y 104.4%
548.2
y/y 149.8%
859.1-2283.515349.4
y/y 17.6%
8063.0
y/y 11.7%
28.1%3201.1Link
2025-12-31FY 2025OK1411.6
y/y 20.8%
289.2187.0
y/y -3.5%
476.1
y/y 89.3%
202.9
y/y 27.8%
370.7-223.613245.4
y/y 1.8%
7550.8
y/y 7.5%
9.1%1704.2Link
2025-09-30Q3 2025OK1214.0
y/y 15.0%
118.1188.8
y/y -0.3%
306.9
y/y 86.8%
85.6
y/y 439.9%
310.1-448.812912.1
y/y -2.4%
7345.8
y/y 5.2%
1.6%1816.6Link
2025-06-30Q2 2025OK1297.5
y/y 32.6%
204.9187.6
y/y -0.6%
392.5
y/y 261.6%
166.6
y/y 323.3%
492.4-197.512766.1
y/y -4.8%
7305.6
y/y 4.6%
9.2%1613.0Link
2025-03-31Q1 2025OK1352.7
y/y 20.5%
271.5186.4
y/y -2.2%
457.8
y/y 92.2%
219.5
y/y 533.0%
457.7-207.913049.3
y/y -3.7%
7218.4
y/y 2.4%
12.3%1801.3Link
2024-12-31FY 2024OK1168.8
y/y —
57.8193.7
y/y —
251.5
y/y —
158.8
y/y —
278.0-125.913010.0
y/y -3.8%
7021.6
y/y 1.7%
1.3%1983.1Link
2024-09-30Q3 2024OK1055.9
y/y -6.2%
-25.0189.3
y/y 7.4%
164.3
y/y -29.2%
-25.2
y/y -177.2%
166.2-174.113223.6
y/y -3.7%
6980.0
y/y 1.7%
-0.5%2128.0Link
2024-06-30Q2 2024OK978.7
y/y —
-80.1188.6
y/y —
108.5
y/y —
-74.6
y/y —
143.5-187.313415.8
y/y —
6985.0
y/y —
-4.3%2116.8Link
2024-03-31Q1 2024OK1122.3
y/y —
47.7190.5
y/y —
238.2
y/y —
34.7
y/y —
261.6-226.813548.5
y/y —
7050.9
y/y —
2.0%2045.7Link
2023-12-31FY 2023OK—
y/y —
——
y/y —
—
y/y —
—
y/y —
312.2-226.613517.2
y/y —
6901.5
y/y —
4.3%2077.7Link
2023-09-30Q3 2023OK1126.2
y/y —
55.7176.3
y/y —
232.0
y/y —
32.6
y/y —
183.4-276.113736.6
y/y —
6862.1
y/y —
—2157.9Link

Commodity — production, reserves & revenue / cost mix

FY blocks below combine SEC XBRL tags (revenue & selected expense lines), plus production / reserves notes sourced to Form 10-K or company filings where cited.

Production and proved reserves in the FY blocks are keyed from supplemental 10-K tables after each filing is wired in. Automated SEC revenue/expense tags for the newest FY often appear before operational volumes and reserves for that same year.

Production & resources

Net production (Mboe/d)

Prod. CAGR (2 yr): +0.7%

573.5571.5569.4567.4565.3202320242025Net production (Mboe/d)

Proved reserves (MMboe)

Reserves CAGR (2 yr): +2.8% · Reserves life (R/P): 15.2 yr

31923140308830362984202320242025Proved reserves (MMboe)

Proved reserves & production rates by fiscal year

FY endCrude oil equivalent (net, Mboe/d)Proved reserves (net, MMboe)Proved developed (net, MMboe)Proved undeveloped (net, MMboe)
2025-12-31573.53,191.5——
2024-12-31571.72,983.8——
2023-12-31565.33,020.2——

Spot EBITDA forecast (next 12 months)

Model: apply spot-vs-LTM commodity price moves to LTM revenue mix (oil/gas/NGL). Purchased products scale with revenue; remaining cash expenses inflate (PPI proxy).

Notes: Revenue mix derived from FY2025 10-K production volumes × realized sales prices (see Production & realized prices table below).
Spot 12M revenue
5 981 USDm
+3.0% vs LTM
Spot 12M EBITDA
2 332 USDm
+11.4% vs LTM
Show calculation
InputValue
LTM revenue (last 4 quarters)5 809 USDm
LTM EBITDA (last 4 quarters)2 093 USDm
Mix: oil / gas / NGL / other3.0% / 57.4% / 39.6% / 0.0%
Mix sourceFY2025 10-K production × realized prices
Oil price move (spot vs LTM avg)+45.5%
Gas price move (spot vs LTM avg)-14.3%
NGL price move (spot vs LTM avg)+24.8%
Purchased products ratio0.0%
Inflation multiplier (12m)0.982
· Crude oil — 2.90 MMBbls × 51.80 USD/bbl150 USDm (3.0% of implied)
· Natural gas — 808,000.00 MMcf × 3.56 USD/Mcf2 876 USDm (57.4% of implied)
· NGLs — 71.85 MMBbls × 27.63 USD/bbl1 985 USDm (39.6% of implied)

2025-12-31 · FY

Production & proved reserves

Line itemAmount
Crude oil equivalent (net, Mboe/d)573.5
Proved reserves (net, MMboe)3,191.5

Sources

Production volumes & average realized prices (FY)

Volumes and per-unit realized sales prices come from the issuer's latest Form 10-K production-and-pricing table. Implied product revenue = volume × price; mix shares feed the spot 12-month forecast above.

FY2025 10-K Item 1 'Production, Price and Cost History' (ar-20251231x10k.htm). NGL is C2 ethane (29,842 MBbl) + C3+ NGLs (42,010 MBbl); ngl_price is volume-weighted ($11.91 ethane, $38.83 C3+). Prices before derivative settlements.

ProductAnnual volumeAvg realized priceImplied revenue (USDm)Share of implied revenue
Crude oil2.9 MMBbls51.80 USD/bbl150.23.0%
Natural gas808,000 MMcf3.56 USD/Mcf2,876.557.4%
NGLs71.9 MMBbls27.63 USD/bbl1,985.339.6%
Total (implied product revenue)5,011.9100.0%

Revenue structure (SEC tags / residual)

Line itemAmount
Oil & gas producing activities (Reg. S-X results of operations)5,010.2USD mln
Other revenue (incl. marketing, derivatives & eliminations vs. producing-activities subtotal)265.6USD mln

Selected expenses (SEC tags)

Line itemAmount
Depreciation, depletion & amortization749.7USD mln
General & administrative232.5USD mln
Impairment — oil & gas properties29.4USD mln
Income tax expense (benefit)215.9USD mln
Total costs and expenses (consolidated)4,392.2USD mln

Primary SEC filing for this FY (HTML)

2024-12-31 · FY

Production & proved reserves

Line itemAmount
Crude oil equivalent (net, Mboe/d)571.7
Proved reserves (net, MMboe)2,983.8

Revenue structure (SEC tags / residual)

Line itemAmount
Oil & gas producing activities (Reg. S-X results of operations)4,115.3USD mln
Other revenue (incl. marketing, derivatives & eliminations vs. producing-activities subtotal)210.3USD mln

Selected expenses (SEC tags)

Line itemAmount
Depreciation, depletion & amortization762.1USD mln
General & administrative229.3USD mln
Impairment — oil & gas properties47.4USD mln
Income tax expense (benefit)-118.2USD mln
Total costs and expenses (consolidated)4,325.1USD mln

Primary SEC filing for this FY (HTML)

2023-12-31 · FY

Production & proved reserves

Line itemAmount
Crude oil equivalent (net, Mboe/d)565.3
Proved reserves (net, MMboe)3,020.2

Revenue structure (SEC tags / residual)

Line itemAmount
Oil & gas producing activities (Reg. S-X results of operations)4,276.4USD mln
Other revenue (incl. marketing, derivatives & eliminations vs. producing-activities subtotal)405.5USD mln

Selected expenses (SEC tags)

Line itemAmount
Depreciation, depletion & amortization746.8USD mln
General & administrative224.5USD mln
Impairment — oil & gas properties51.3USD mln
Income tax expense (benefit)63.6USD mln
Total costs and expenses (consolidated)4,285.7USD mln

Primary SEC filing for this FY (HTML)

Dividends

No dividend rows for this issuer in the filtered KASE dividend feed, stockscope.uz (UZ), or Yahoo ex-dividend series (if no ADR ticker).

Investor reporting (IR): https://ir.anteroresources.com/

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)