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Stocks · Energy · Crude Petroleum & Natural Gas

ANTERO RESOURCES Corp

AR Clue Score61
United States Fiscal year ends December CIK 0001433270
$35.90 -0.44% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $35.90 +81.13% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue1.74Operating income−0.98Net income−0.75EPS, diluted−2.88Fiscal year 2017Revenue3.66 +109.5%Operating income0.74Net income0.79EPS, diluted1.94Fiscal year 2018Revenue4.14 +13.2%Operating income0.07Net income−0.05 −105.8%EPS, diluted−1.26 −164.9%Fiscal year 2019Revenue4.41 +6.5%Operating income−0.99Net income−0.29EPS, diluted−1.11Fiscal year 2020Revenue3.49 −20.8%Operating income−0.95Net income−1.26EPS, diluted−4.65Fiscal year 2021Revenue4.62 +32.3%Operating income0.02EPS, diluted−0.61Fiscal year 2022Revenue7.14 +54.5%Operating income2.54EPS, diluted5.69Fiscal year 2023Revenue4.68 −34.4%Operating income0.40EPS, diluted0.64 −88.8%Fiscal year 2024Revenue4.33 −7.6%Operating income0.00EPS, diluted0.18 −71.9%Fiscal year 2025Revenue5.28 +22.0%Operating income0.88EPS, diluted2.03 +1,027.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1.74 3.66 4.14 4.41 3.49 4.62 7.14 4.68 4.33 5.28
Growth +109.5% +13.2% +6.5% −20.8% +32.3% +54.5% −34.4% −7.6% +22.0%
Operating income −0.98 0.74 0.07 −0.99 −0.95 0.02 2.54 0.40 0.00 0.88
Net income −0.75 0.79 −0.05 −0.29 −1.26 n/a n/a n/a n/a n/a
Growth −105.8%
EPS, diluted −2.88 1.94 −1.26 −1.11 −4.65 −0.61 5.69 0.64 0.18 2.03
Growth −164.9% −88.8% −71.9% +1,027.8%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin−55.9%Net margin−43.0%Fiscal year 2017Operating margin20.2%Net margin21.5%Free cash flow margin−5.8%Fiscal year 2018Operating margin1.7%Net margin−1.1%Free cash flow margin−3.1%Fiscal year 2019Operating margin−22.4%Net margin−6.6%Free cash flow margin−7.2%Fiscal year 2020Operating margin−27.3%Net margin−36.1%Free cash flow margin−4.0%Fiscal year 2021Operating margin0.5%Free cash flow margin20.4%Fiscal year 2022Operating margin35.6%Free cash flow margin29.5%Fiscal year 2023Operating margin8.5%Fiscal year 2024Operating margin0.0%Fiscal year 2025Operating margin16.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin −55.9% 20.2% 1.7% −22.4% −27.3% 0.5% 35.6% 8.5% 0.0% 16.7%
Net margin −43.0% 21.5% −1.1% −6.6% −36.1% n/a n/a n/a n/a n/a
Free cash flow margin n/a −5.8% −3.1% −7.2% −4.0% 20.4% 29.5% n/a n/a n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow1.24Fiscal year 2017Operating cash flow2.01Capital expenditure−2.22Free cash flow−0.21Fiscal year 2018Operating cash flow2.08Capital expenditure−2.21Free cash flow−0.13Buybacks−0.13Fiscal year 2019Operating cash flow1.10Capital expenditure−1.42Free cash flow−0.32Buybacks−0.04Fiscal year 2020Operating cash flow0.74Capital expenditure−0.87Free cash flow−0.14Buybacks−0.04Fiscal year 2021Operating cash flow1.66Capital expenditure−0.72Free cash flow0.94Fiscal year 2022Operating cash flow3.05Capital expenditure−0.94Free cash flow2.11 +123.2%Buybacks−0.87Fiscal year 2023Operating cash flow0.99Buybacks−0.08Fiscal year 2024Operating cash flow0.85Fiscal year 2025Operating cash flow1.63Buybacks−0.14
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 1.24 2.01 2.08 1.10 0.74 1.66 3.05 0.99 0.85 1.63
Capital expenditure n/a −2.22 −2.21 −1.42 −0.87 −0.72 −0.94 n/a n/a n/a
Free cash flow n/a −0.21 −0.13 −0.32 −0.14 0.94 2.11 n/a n/a n/a
Growth +123.2%
Buybacks n/a n/a −0.13 −0.04 −0.04 n/a −0.87 −0.08 n/a −0.14

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.03Total debt4.70Net cash (debt)−4.67Shareholders’ equity6.26Debt to equity0.75Fiscal year 2017Cash0.03Total debt4.80Net cash (debt)−4.77Shareholders’ equity8.15Debt to equity0.59Fiscal year 2018Cash0.00Total debt5.46Net cash (debt)−5.46Shareholders’ equity7.67Debt to equity0.71Fiscal year 2019Cash0.00Total debt3.76Net cash (debt)−3.76Shareholders’ equity6.97Debt to equity0.54Fiscal year 2020Cash0.00Total debt3.00Net cash (debt)−3.00Shareholders’ equity5.77Debt to equity0.52Fiscal year 2021Cash0.00Total debt2.13Net cash (debt)−2.13Shareholders’ equity5.76Debt to equity0.37Fiscal year 2022Cash0.00Total debt1.18Net cash (debt)−1.18Shareholders’ equity6.75Debt to equity0.18Fiscal year 2023Cash0.00Total debt1.54Net cash (debt)−1.54Shareholders’ equity6.90Debt to equity0.22Fiscal year 2024Cash0.00Total debt1.49Net cash (debt)−1.49Shareholders’ equity7.02Debt to equity0.21Fiscal year 2025Cash0.21Total debt1.40Net cash (debt)−1.19Shareholders’ equity7.55Debt to equity0.19
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.03 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.21
Total debt 4.70 4.80 5.46 3.76 3.00 2.13 1.18 1.54 1.49 1.40
Net cash (debt) −4.67 −4.77 −5.46 −3.76 −3.00 −2.13 −1.18 −1.54 −1.49 −1.19
Shareholders’ equity 6.26 8.15 7.67 6.97 5.77 5.76 6.75 6.90 7.02 7.55
Debt to equity 0.75 0.59 0.71 0.54 0.52 0.37 0.18 0.22 0.21 0.19

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
−55.9% 20.2% 1.7% −22.4% −27.3% 0.5% 35.6% 8.5% 0.0% 16.7%
−71.4% 13.4% −4.2% −8.3% −47.5% −4.9% 34.2% 7.7% −0.6% 16.9%
−43.0% 21.5% −1.1% −6.6% −36.1% n/a n/a n/a n/a n/a
n/a −5.8% −3.1% −7.2% −4.0% 20.4% 29.5% n/a n/a n/a
Spending
13.7% 6.9% 5.8% 4.1% 3.9% 3.1% 2.4% 4.8% 5.3% 4.4%
n/a 60.6% 53.4% 32.3% 25.0% 15.5% 13.2% n/a n/a n/a
n/a −60.2% n/a n/a n/a n/a 18.1% 17.6% n/a 24.2%
Returns
−12.0% 9.6% −0.6% −4.2% −21.9% n/a n/a n/a n/a n/a
−5.3% 5.1% −0.3% −1.9% −9.6% n/a n/a n/a n/a n/a
Balance and payout
0.75 0.59 0.71 0.54 0.52 0.37 0.18 0.22 0.21 0.19
45.8% 41.8% 45.3% 54.1% 53.7% 56.3% 50.3% 47.2% 44.5% 41.7%
n/a n/a n/a n/a n/a n/a 41.5% n/a n/a n/a