AR

MKT CAP:$12B

Antero Resources Corporation

Market Cap

$12B

Energy·Oil & Gas Exploration & Production·🇺🇸 United States·NYSE

Energy·Oil & Gas Exploration & Production·🇺🇸·NYSE

Stock Price

$38.20+$3.99 (+11.66%)

Apr 23, 2026

Company Details

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2021, it had approximatel...

CEO

Michael N. Kennedy

IPO Date

Oct 10, 2013

Website

www.anteroresources.com

Key Metrics TTM

Revenue

$3.0B

— YoY

Net Income

-$2.2B

EPS (Diluted)

-$7.39

Free Cash Flow

$606M

Revenue / Share

$11.23

Gross Margin

-14.1%

Operating Margin

-46.4%

Net Margin

-71.7%

FCF Margin

20.1%

P/S

3.9x

P/E

—

Earnings Reports

Q3 2020

Apr 29, 2026

PENDING

FY 2025

Feb 11, 2026

$5.3BEPS $2.03

Q2 2020

Jul 29, 2020

$588M-35.1%EPS -$1.73

Q1 2020

Apr 29, 2020

$704MEPS -$1.19

Q4 2019

Feb 12, 2020

$873MEPS -$1.61

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 19	$906M	$25M	$100M
Q3 19	$850M	-$60M	-$986M
Q4 19	$873M	$74M	-$67M
Q1 20	$704M	-$135M	$262M
Q2 20	$588M	-$303M	-$607M

Valuation

Quarter	P/S	P/E
Q2 19	—	—
Q3 19	—	—
Q4 19	—	—
Q1 20	0.1x	—
Q2 20	0.2x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 19	$218M	$187M
Q3 19	$198M	$184M
Q4 19	$148M	$128M
Q1 20	$201M	$190M
Q2 20	$116M	$104M

Capital Expenditures

Quarter	CapEx
Q2 19	$31M
Q3 19	$14M
Q4 19	$20M
Q1 20	$11M
Q2 20	$12M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 20	-35.1%	+48.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 19	$7M	0.7%
Q3 19	$4M	0.5%
Q4 19	$4M	0.5%
Q1 20	$3M	0.5%
Q2 20	$8M	1.4%

OpEx Breakdown

Quarter	SG&A
Q2 19	$180M
Q3 19	$144M
Q4 19	$173M
Q1 20	$124M
Q2 20	$151M

Revenue Segments

Quarter	Marketings	Natural Gas Liquids Sales	Natural Gas Production	Product And Service Other
Q1 20	$46M	$258M	$411M	$798.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$0	$0	$0
Q2 22	$0	$0	$0
Q3 22	$0	$0	$0
Q4 22	$0	$0	$0
Q1 23	$0	$0	$0
Q2 23	$0	$0	$0
Q3 23	$0	$0	$0
Q4 23	$0	$0	$0
Q1 24	$0	$0	$0
Q2 24	$0	$0	$0
Q3 24	$0	$0	$0
Q4 24	$0	$0	$0
Q1 25	$0	$0	$0
Q2 25	$0	$0	$0
Q3 25	$0	$0	$0
Q4 25	$210M	$0	$210M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 19	309M	—	—
Q3 19	308M	-0.4%	—
Q4 19	300M	-2.5%	—
Q1 20	284M	-5.3%	—
Q2 20	268M	-5.6%	-13.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 19	$2M	593
Q3 19	$1M	593
Q4 19	$1M	623
Q1 20	$1M	623
Q2 20	$943.7K	623

Revenue / Employee