Antero Resources/$AR

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About Antero Resources

Antero Resources is an exploration and production firm whose operations represent a pure play in the Marcellus Shale, located in northern West Virginia. The company started in 2002 as an E&P focused on the Barnett Shale (Fort Worth, Texas). Antero redefined itself in Appalachia's Marcellus Shale in 2005. In 2012, shortly before Antero's 2013 IPO, Antero Midstream Partners was formed to handle the company's rapidly growing gas volumes. In 2026, the firm narrowed its focus further by selling its Ohio Utica assets and using the proceeds to acquire additional Marcellus acreage from HG Energy. Just over half of its production and earning power is tied to natural gas, with the remainder mostly NGLs, where it holds a leading position, and some crude oil.
Ticker
$AR
Sector
Energy
Primary listing
NYSE
Employees
632

Antero Resources Metrics

BasicAdvanced
$12B
11.01
$3.49
0.33
-

What the Analysts think about Antero Resources

Analyst ratings (Buy, Hold, Sell) for Antero Resources stock.
Analyst projections of the future price of Antero Resources stock.

Bulls say / Bears say

Antero delivered record second-quarter production of more than 4.1 Bcfe/d, up 21% year over year, and raised full-year 2026 production guidance to 4.15–4.20 Bcfe/d; July acquisitions add another 125 MMcfe/d of net production. (SEC)
The HG integration is improving operating leverage: second-quarter total cash operating costs fell 11% year over year to $2.38/Mcfe, while full-year cost guidance was reduced to $2.20–$2.30/Mcfe and adjusted EBITDAX increased 57% despite a 16% year-over-year decline in Henry Hub gas prices. (SEC)
The company is concentrating capital in its core Marcellus footprint, with the HG transaction adding approximately 385,000 net acres and 400 drilling locations; the June royalty-interest reversion is also expected to add about $60 million of annualized cash flow from the third quarter. (SEC; SEC)
The HG Energy acquisition materially increased financial leverage: Antero funded the $2.8 billion purchase partly with a $1.5 billion term loan, and net debt reached $2.61 billion at June 30, 2026 versus $1.19 billion at year-end 2025. (SEC; SEC)
Despite stronger operating results, second-quarter adjusted free cash flow after capital expenditures was only $92.7 million, while capital investment rose to $340.7 million; continued acreage acquisitions and development spending could slow deleveraging and constrain shareholder returns. (SEC)
Commodity-price and basis risk remain significant: second-quarter pre-hedge realized gas pricing was $0.24/Mcfe below the index, 2026 guidance reduced the expected gas premium to $0.05–$0.15/Mcfe, and substantial hedging limits upside participation. (SEC)
Data summarised monthly by Lightyear AI. Last updated on 10 Sept 2026.

Antero Resources Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Antero Resources Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing Antero Resources

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