ANTERO RESOURCES Corp

Listed Company

ARCIK 0001433270NYSELarge AcceleratedCrude Petroleum & Natural GasFY ends Dec 31

Period

FY 2025

Revenue

$5.28B

Net Income

$674.57M

Total Assets

$13.25B

Equity

$7.55B

Shares Out

309.84M

Op. Cash Flow

$1.63B

AR$33.56−7.95% · past yearDBEQ Basic

Daily closing prices

Business

Antero Resources Corporation develops, produces, and explores natural gas, NGLs, and oil properties in the Appalachian Basin, primarily in West Virginia and Ohio, using horizontal drilling and advanced fracture stimulation. The company holds approximately 537,000 net acres of unconventional resource plays with a focus on the Marcellus Shale. Antero operates three reportable segments: exploration and production, equity-method investment in midstream assets through Antero Midstream, and marketing of excess firm transportation capacity. The company benefits from integrated development combining production with midstream gathering, compression, water handling, and processing infrastructure.

Summary from 10-K filed 2026-02-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	5,276	4,326	4,682	7,138	4,619
Lease operating	135	119	118	100	97
Production and ad valorem taxes	163	208	159	287	198
General and administrative (including equity-based compensation expense of $59,519, $66,462 and $60,812 in 2023, 2024 and 2025, respectively)	233	229	225	173	145
Depletion, depreciation and amortization	750	762	747	715	742
Impairment of property and equipment	29	47	51	150	91
Accretion of asset retirement obligations	4	4	3	5	4
Contract termination, loss contingency and settlements	28	4	53	25	—
Loss (gain) on sale of assets	−266,000	862,000	−447,000	471,000	−2
Other operating expense	99,000	390,000	336,000	—	—
Total operating expenses	4,392	4,325	4,286	4,599	4,596
Operating income	884	460,000	396	2,539	24
Interest expense, net	−84	−118	−118	−125	—
Equity in earnings of unconsolidated affiliate	98	94	83	72	77
Loss on early extinguishment of debt	−4	−528,000	—	−46	−93
Loss on convertible note inducements	—	—	−374,000	−169,000	−51
Transaction expense	−4	—	—	—	—
Total other income (expense)	7	−25	−35	−99	−252
Income (loss) before income taxes	890	−24	361	2,440	−228
Income tax (expense) benefit	−216	118	−64	−441	74
Net income and comprehensive income including noncontrolling interests	675	94	297	1,999	−154
Less: net income and comprehensive income attributable to noncontrolling interests	40	36	99	127	33
Net income and comprehensive income attributable to Antero Resources Corporation	634	57	198	1,872	−187
Net income per common share-basic (in dollars per share)	2.05	0.18	0.66	6.09	−0.61
Net income per common share-diluted (in dollars per share)	2.03	0.18	0.64	5.69	−0.61
Basic (in shares)	310	309	300	307	308
Diluted (in shares)	312	313	312	329	308

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Restricted cash	210	—	—	—	—
Accounts receivable	34	34	43	35	79
Accrued revenue	473	454	401	708	591
Derivative instruments	69	1	5	2	757,000
Prepaid expenses	15	12	13	11	—
Current assets held for sale	20	—	—	—	—
Other current assets	11	6	14	32	15
Total current assets	832	508	476	788	686
Unproved properties	797	879	975	998	1,042
Proved properties	14,049	14,396	13,909	13,235	12,646
Gathering systems and facilities	—	6	6	6	6
Other property and equipment	113	106	99	84	117
Property and equipment, gross	14,959	15,387	14,988	14,322	13,811
Less accumulated depletion, depreciation and amortization	−5,753	−5,699	−5,165	−4,683	−4,284
Property and equipment, net	9,205	9,688	9,822	9,639	9,527
Operating leases right-of-use assets	2,133	2,549	2,966	3,444	3,420
Derivative instruments	13	1	6	10	14
Investment in unconsolidated affiliate	246	231	222	220	232
Assets held for sale	755	—	—	—	—
Other assets	63	33	25	17	17
Total assets	13,245	13,010	13,517	14,118	13,897
Accrued liabilities	339	403	381	462	457
Revenue distributions payable	385	316	362	468	445
Derivative instruments	—	32	15	98	560
Short-term lease liabilities	516	494	540	557	456
Deferred revenue, VPP	24	25	27	31	38
Current liabilities held for sale	62	—	—	—	—
Other current liabilities	27	3	1	2	11
Total current liabilities	1,503	1,446	1,452	1,775	2,068
Long-term debt	1,398	1,489	1,538	1,183	2,125
Deferred income tax liability, net	907	693	812	760	318
Derivative instruments	—	17	33	345	182
Long-term lease liabilities	1,612	2,050	2,428	2,890	2,964
Deferred revenue, VPP	12	35	61	88	118
Liabilities held for sale	40	—	—	—	—
Other liabilities	57	62	59	60	54
Total liabilities	5,530	5,794	6,383	7,101	7,830
Commitments and contingencies	—	—	—	—	—
Preferred stock, $0.01 par value; authorized - 50,000 shares; none issued	—	—	—	—	—
Common stock, $0.01 par value; authorized - 1,000,000 shares; 311,165 and 308,510 shares issued and outstanding as of December 31, 2024 and December 31, 2025, respectively	3	3	3	3	3
Additional paid-in capital	5,865	5,909	5,847	5,839	6,371
Retained earnings	1,682	1,109	1,052	914	−617
Total stockholders' equity	7,551	7,022	6,902	6,755	5,757
Noncontrolling interests	165	195	233	263	309
Total equity	7,716	7,217	7,134	6,982	6,058
Total liabilities and equity	13,245	13,010	13,517	14,118	13,897

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depletion, depreciation, amortization and accretion	754	766	750	720	746
Impairment of property and equipment	29	47	51	150	91
Commodity derivative fair value gains	−111	−731,000	−166	1,616	1,937
Settled commodity derivative gains (losses)	−17	10	−25	−1,911	−1,183
Payments for derivative monetizations	—	—	−202	—	−5
Deferred income tax expense (benefit)	214	−119	62	440	−74
Dividends of earnings from unconsolidated affiliate	125	125	125	125	137
Amortization of deferred revenue	−25	−27	−31	−38	−45
Amortization of debt issuance costs and other	937,000	2	2	4	12
Settlement of asset retirement obligations	−270,000	−4	−718,000	−1	—
Contract termination, loss contingency and settlements	15	5	12	—	—
Accounts receivable	−142,000	25	8	44	−56
Accrued revenue	−39	−53	307	−116	−166
Prepaid expenses and other current assets	−7	9	15	−28	316,000
Accounts payable including related parties	−2	35	−17	32	−1
Accrued liabilities	−45	1	−62	−6	78
Revenue distributions payable	86	−46	−106	23	247
Other current liabilities	14	3	−357,000	−13	13
Net cash provided by operating activities	1,631	849	995	3,051	1,660
Additions to unproved properties	−129	−91	−151	—	—
Drilling and completion costs	−685	−615	−964	−781	−601
Additions to other property and equipment	−5	−11	−16	−14	−36
Acquisitions of oil and gas properties	−253	−91	−151	−149	−79
Proceeds from asset sales	16	9	447,000	3	3
Change in other assets	−21	−7	−9	−2	3
Net cash used in investing activities	−1,078	−714	−1,141	−944	−711
Repurchases of common stock	−136	—	−75	−874	—
Repayment of senior notes	−142	—	—	−1,028	−1,555
Borrowings on Credit Facility	4,909	4,131	4,501	6,309	5,006
Repayments on Credit Facility	−4,864	−4,155	−4,119	−6,274	−6,023
Payment of debt issuance costs	−9	−6	−605,000	−814,000	−31
Distributions to noncontrolling interests	−70	−74	−129	−174	−97
Employee tax withholding for settlement of equity-based compensation awards	−30	−30	−30	−66	−13
Convertible note inducements	—	—	−374,000	−169,000	−86
Other	−2	−1	−830,000	−575,000	−859,000
Net cash provided by (used in) financing activities	−343	−135	146	−2,108	−949
Net increase in cash, cash equivalents and restricted cash	210	0	0	0	0
Cash paid during the period for interest	88	120	114	155	142
Increase (decrease) in accounts payable and accrued liabilities for additions to property and equipment	−27	11	−61	38	37
Increase in other current liabilities for acquisitions of oil and gas properties	7	—	—	—	—

Filings

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Frequently asked questions

What is ANTERO RESOURCES Corp's CIK number?

ANTERO RESOURCES Corp's SEC CIK number is 0001433270 (1433270). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find ANTERO RESOURCES Corp's SEC filings?

All of ANTERO RESOURCES Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did ANTERO RESOURCES Corp last report earnings?

ANTERO RESOURCES Corp (AR) most recently filed an earnings 8-K with the SEC on Apr 29, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-051537). This is ANTERO RESOURCES Corp's most recent earnings filing of record — not a forecast of its next earnings date.

What is ANTERO RESOURCES Corp's most recent earnings 8-K?

ANTERO RESOURCES Corp's latest earnings 8-K (Item 2.02) was filed Apr 29, 2026 under accession 0001104659-26-051537. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View ANTERO RESOURCES Corp's latest earnings 8-K →
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