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MARKETS / NYSE / AR
NYSE · CRUDE PETROLEUM & NATURAL GAS · LARGE CAP

Antero Resources Corp. AR

15 fiscal years on record · USD · FY2025 reported · SEC filings only
$5.1B
▲ 19.6% YoY
$674.6M
▲ 619.9% YoY
$1.4B
▲ 81.7% YoY
In brief

What this company does

Antero Resources Corporation and its consolidated subsidiaries are engaged in the development, production, exploration and acquisition of natural gas, NGLs and oil properties located in the Appalachian Basin. As of December 31, 2025, it held approximately 537,000 net acres of natural gas, NGLs and oil properties located in the Appalachian Basin, primarily in West Virginia and Ohio. Its corporate headquarters is in Denver, Colorado. As of December 31, 2025, it had 632 full-time employees. The Company operates in three reportable segments: the exploration, development and production of natural gas, NGLs and oil; midstream services through its equity method investment in Antero Midstream; and the marketing of excess firm transportation capacity. Antero Midstream owns, operates and develops midstream energy assets that primarily service the Company's completion and production activity in the Appalachian Basin, and its assets consist of gathering systems and compression facilities, water handling and blending facilities, and interests in processing and fractionation plants, through which it provides services to Antero Resources under long-term contracts. As of December 31, 2025, the Company owned 29% of Antero Midstream's common stock.

Written from the business description in ANTERO RESOURCES Corp's annual report to the U.S. Securities and Exchange Commission, filed 11 February 2026. Every sentence was checked against that document before publication.

Growth
USD 5.1B
Revenue, FY2025 · full 15-year series below
Revenue $B Net income $B
FY2025 · Revenue 5.1 · Net income 0.7
4.0B8.0B-0.5B-1.0B20112013201520172019202120232025
Compound annual growth
−16.1%
+8.6%
+2.7%
−30.4%
−3.7%
−29.1%
−5.1%
−46.2%
+25.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +8.6% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
13 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 17.2% · Net 13.1%
20%40%60%-20%-40%20112013201520172019202120232025
ROE
FY2025 · ROE 9.3%
10%20%30%-5%-10%-15%20112013201520172019202120232025

Each USD of equity produced 9 cents of profit this year.

Cash & shareholders
USD 136.4M
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 1.4
1.0B2.0B-0.2B20112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 136.4
400M800M201820192020202220232025

USD 136.4M in buybacks — 20% of the year's profit went back to shareholders.

Total assetsUSD 13.2B
EquityUSD 7.6B
CashUSD 210.0M
Gross debtUSD 1.4B
Net debtUSD 1.2B
Current ratio0.55×

Net debt stands at 16% of equity.

The 15-year record
15 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 202520242023202220212020201920182017201620152014201320122011
Revenue $B5.14.34.58.76.53.43.94.13.02.24.02.71.30.70.7
Operating income $B0.90.00.42.50.0−1.0−1.00.10.7−1.01.81.30.30.40.5
EBITDA $B1.60.81.13.30.8−0.1−0.11.01.6−0.22.51.80.60.50.6
Income tax $B0.2−0.10.10.4−0.1−0.4−0.1−0.1−0.3−0.50.60.40.20.10.2
Net income $B0.70.10.32.0−0.2−1.3−0.3−0.00.8−0.71.00.7−0.0−0.30.4
Free cash flow $B1.40.80.82.91.6−0.1−0.3−0.1−0.20.60.80.20.1−0.40.1
EPS, diluted $2.030.180.645.69−0.61−4.65−1.11−1.261.94−2.883.432.57−0.07−1.091.50
Dividend / sh $···············
Payout %···············
ROE %9.31.34.432.0−2.7−19.8−4.0−0.610.9−12.319.016.9−0.7−15.720.0
Shares out B0.310.310.300.300.310.270.300.310.320.310.280.260.260.26·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 57 reconciliationsAUDITED

Reconciled in 15 of 19 fiscal years. 19 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityCrude Petroleum & Natural Gas
Listed onNYSE
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2011

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