AR FY 2025 Earnings Report — Antero Resources Corporation Revenue & Financial Results | Market Cap Arena

Antero Resources CorporationAR

FY 2025 Earnings

Reported February 11, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$5.3B	—	—	—	—
Op. Income	$941M	—	—	—	—
Gross Margin	22.2%	—	—	—	—
Net Margin	12.0%	—	—	—	—
EPS (Diluted)	$2.03	—	—	—	—
Free Cash Flow	$1.2B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$5.3B
Cost of Revenue	$4.1B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$233M
Other Expenses	$99.0K
Operating Expenses	$233M
Cost & Expenses	$4.3B
OPERATING INCOME	$941M
Interest Income	$0
Interest Expense	$84M
Other Income/Expenses	-$50M
INCOME BEFORE TAX	$890M
Income Tax Expense	$216M
Net Income from Continuing Ops	$675M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$634M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$634M
D&A	$754M
EBIT	$941M
EBITDA	$1.7B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.3B
Cost of Revenue	$4.1B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$233M
Other Expenses	$99.0K
Operating Expenses	$233M
Cost & Expenses	$4.3B
OPERATING INCOME	$941M
Interest Income	$0
Interest Expense	$84M
Other Income/Expenses	-$50M
INCOME BEFORE TAX	$890M
Income Tax Expense	$216M
Net Income from Continuing Ops	$675M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$634M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$634M
D&A	$754M
EBIT	$941M
EBITDA	$1.7B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$634M
Depreciation & Amortization	$754M
Stock-Based Compensation	$61M
Deferred Income Tax	$214M
Other Non-Cash Items	-$38M
Change in Working Capital	$6M
OPERATING CASH FLOW	$1.6B
Capital Expenditure	-$388M
Acquisitions (Net)	$16M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$1.1B
Net Debt Issuance	-$105M
Common Stock Repurchased	-$136M
Common Dividends Paid	$0
Other Financing Activities	-$101M
NET CASH FROM FINANCING	-$343M
FREE CASH FLOW	$1.2B
Net Change in Cash	$210M

Balance Sheet

Item	Amount
Cash & Equivalents	$210M
Short-Term Investments	$0
Net Receivables	$507M
Inventory	$0
Other Current Assets	$100M
TOTAL CURRENT ASSETS	$832M
PP&E (Net)	$11.3B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$258M
Tax Assets	$1.0B
Other Non-Current Assets	$818M
TOTAL NON-CURRENT ASSETS	$13.5B
TOTAL ASSETS	$14.3B
Account Payables	$151M
Short-Term Debt	$516M
Deferred Revenue	$24M
Other Current Liabilities	$428M
TOTAL CURRENT LIABILITIES	$1.5B
Long-Term Debt	$3.0B
Deferred Revenue NC	$12M
Deferred Tax Liabilities	$2.0B
Other Non-Current Liabilities	-$1.5B
TOTAL NON-CURRENT LIABILITIES	$5.1B
TOTAL LIABILITIES	$6.6B
Common Stock	$3M
Additional Paid-In Capital	$5.9B
Retained Earnings	$1.7B
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.6B
Minority Interest	$165M
TOTAL EQUITY	$7.7B
TOTAL LIABILITIES & EQUITY	$14.3B
Total Debt	$5.1B
Net Debt	$4.9B