Antero Resources Corporation

NYSE•AR

CEO: Mr. Paul M. Rady

Sector: Energy

Industry: Oil & Gas Exploration & Production

Listing Date: 2013-10-10

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream. As of December 31, 2023, the company had approximately 515,000 net acres in the Appalachian Basin; and approximately 172,000 net acres in the Upper Devonian Shale. Its gathering and compression systems also comprise 631 miles of gas gathering pipelines in the Appalachian Basin. The company was formerly known as Antero Resources Appalachian Corporation and changed its name to Antero Resources Corporation in June 2013. Antero Resources Corporation was incorporated in 2002 and is headquartered in Denver, Colorado.

Contact Information

1615 Wynkoop Street, Denver, CO, 80202, United States

303-357-7310

www.anteroresources.com

Market Cap

$12.45B

P/E (TTM)

19.7

21.3

Dividend Yield

52W High

$44.02

52W Low

$29.10

52W Range

75%

Rank44Top 53.8%

3.7

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Weak • 3.7 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$1.43B+0.00%

4-Quarter Trend

EPS

$0.63+0.00%

4-Quarter Trend

FCF

$318.03M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Operating Income Rebounds Strongly Operating income swung to $883.6M in 2025 from $460K in 2024, driven by higher gas prices and strong segment results.

Total Revenue Increased 22% Total revenue reached $5.28B in 2025, up from $4.33B in 2024, reflecting strong commodity price realization across products.

Proved Reserves Grew 7% Total proved reserves reached 19.1 Tcfe as of December 31, 2025, marking a 7% increase from prior year levels.

HG Acquisition Closed Completed HG Acquisition for $2.8B cash consideration on February 3, 2026, expanding core Marcellus position in West Virginia.

Risk Factors

Commodity Price Volatility Risk Volatility or prolonged low natural gas, NGLs, and oil prices may adversely affect financial condition and capital commitments.

Undeveloped Acreage Exposure Approximately 45% of net leasehold acreage is undeveloped; failure to develop risks losing lease rights and impacting reserves.

Capital Expenditure Financing Exploration and development require substantial capital; inability to secure financing on satisfactory terms remains a key financial risk.

Regulatory and Climate Uncertainty Operations face risks from evolving environmental regulations, climate litigation, and potential operational restrictions impacting costs.

Outlook

2026 Capital Budget Set Capital budget for 2026 is set between $1.1B and $1.3B, heavily focused on drilling and completions expenditures.

Planned 2026 Drilling Activity Plan to complete 70 to 80 net horizontal wells in the Appalachian Basin during the 2026 calendar year.

Focus on Cost Reduction Strategy emphasizes reducing cash costs and expanding margins through incremental dry gas development initiatives over time.

Utica Shale Divestiture Closing Utica Shale Divestiture, involving $800M cash consideration, is expected to close in February 2026, proceeds used for debt repayment.

Peer Comparison

Revenue (TTM)

YPF

$16.69T

-6.7%

DINO

$26.87B

-6.0%

APA

$8.92B

-8.4%

Gross Margin (Latest Quarter)

66.5%

+0.2pp

HESM

63.6%

-23.4pp

DTM

51.4%

+20.0pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
VNOM	$16.26B	-109.6	-1.8%	17.3%
OVV	$15.56B	11.4	11.9%	36.9%
YPF	$15.01B	-91.0	-2.2%	38.0%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

0.9%

Moderate Growth

4Q Net Income CAGR

-2.3%

Stable Profitability

Cash Flow Stability

100%

Strong Cash Flow

Deep Research

Next earnings:Apr 28, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data