AR · NYSE · Oil & Gas Exploration & Production

Antero Resources

Develops Marcellus gas and liquids with integrated transportation and midstream access.

$38.50
After-hours close+0.05 (+0.13%)
At close$38.45(−0.18%)
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Profile

Antero Resources CorporationAREnergy

Produces natural gas, ethane, heavier natural-gas liquids, and oil from a West Virginia-centered Marcellus portfolio. The model combines upstream development, an equity-method interest in Antero Midstream, and marketing built around firm transportation and domestic and international NGL channels.

Develops natural gas, ethane, heavier natural-gas liquids, and oil from a West Virginia-centered Marcellus position. Exploration and Production, an equity-method investment in Antero Midstream, and Marketing are the three reportable segments.

Pairs dry-gas and liquids-rich acreage with dedicated gathering, processing, water, and transportation infrastructure. Firm transportation moves Appalachian gas toward stronger downstream markets, while NGL volumes reach domestic and international channels.

Operates a portfolio concentrated in West Virginia after the HG Energy acquisition and Ohio Utica divestiture. Execution depends on commodity prices, midstream availability, firm-transport utilization, regulatory requirements, and integration of the enlarged asset base. Take-or-pay transportation commitments can create charges when capacity is unused.

Company facts

CEOMichael N. Kennedy
ListedOct 10, 2013
ExchangeNYSE
HeadquartersDenver, CO
CountryUnited States
Employees632
CIK0001433270
ISINUS03674X1063

Key statistics

Market cap$11.82B
EPS (ttm)$3.48
P/E (ttm)11.05
ROE13.9%
P/B1.43
P/S2.10
Dividend yield
Beta−0.12vs XLE 1.03

Year to date +12.4% · Average volume (30d) 4.1M

Analysts

Price target, next 12 months$52.00+35.2%Median of 50 analysts · vs the Aug 28 close
ConsensusBuy34 of 50 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionRatingPrior targetTarget
Aug 19, 2026Morgan StanleyReiterateOverweight$56$49
Jul 31, 2026UBSReiterateBuy$50$52
Jul 31, 2026Wells FargoReiterateOverweight$49$57
Jul 30, 2026Wolfe ResearchReiterateOutperform$46$48
Jul 14, 2026UBSReiterateBuy$56$50

Earnings

EPS

Estimate$1.06
ReportedDue Oct 28, 2026

Revenue

Estimate$1.60B
ReportedDue Oct 28, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Jul 29, 2026Q2 FY26$0.84$0.76−9.0%$1.53B$1.56B+2.3%+0.46%
Apr 29, 2026Q1 FY26$1.17$1.15−1.7%$1.67B$1.95B+16.8%+0.64%
Feb 11, 2026Q4 FY25$0.50$0.42−16.5%$1.31B$1.41B+7.9%−3.87%
Oct 29, 2025Q3 FY25$0.22$0.15−31.8%$1.41B$1.17B−16.8%−5.03%
View details

Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$1.39B$1.20B$1.13B$1.28B$1.86B$1.34B
Gross profit$421.9M$242.7M$172.4M$271.3M$741.8M$276.2M
Operating income$346.9M$171.9M$103.8M$207.1M$661.5M$206.3M
Net income$208.0M$156.6M$76.2M$193.7M$535.2M$278.7M
Diluted EPS$0.66$0.50$0.24$0.62$1.72$0.90
Gross margin30.3%20.2%15.2%21.1%39.8%20.7%
Operating margin24.9%14.3%9.2%16.1%35.5%15.4%

Fiscal years (4-quarter sums)FY21 $5.79B · FY22 $8.30B · FY23 $4.28B · FY24 $4.12B · FY25 $5.01B

Revenue by product · Q2 FY26

Natural Gas, Production$688.5M · 49%
Natural Gas Liquids Sales$587.7M · 42%
Oil And Condensate$59.6M · 4%
Marketings$56.1M · 4%

Balance sheet, Jun 30, 2026Cash & short-term investments $0 · Total debt $4.62B · Total assets $15.23B · Shareholders' equity $8.32B

Dividends

No dividends on record.

Ownership

Institutions 94.21%289.65M sharesInsiders 4.74%14.56M sharesOther 1.05%3.22M shares

Shares outstanding 307.44M · Float 296.29M · 96.4% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
BlackRock, Inc.27.52M8.95%13FAug 7, 2026
FMR LLC16.72M5.44%13FAug 13, 2026
Vanguard Capital Management15.59M5.03%13GJul 31, 2026
Vanguard Portfolio Management LLC14.00M4.55%13FAug 13, 2026
Dimensional Fund Advisors LP12.70M4.13%13FAug 11, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
May 4, 2026Michael N. Kennedydirector, officer: See Remarks−185,826$39.33
May 4, 2026Yvette K. Schultzofficer: See Remarks−39,490$39.27
Mar 19, 2026Benjamin A. Hardestydirector−12,000$44.00
Mar 9, 2026Yvette K. Schultzofficer: See Remarks−15,000$39.33
Mar 10, 2026Sheri Pearceofficer: See Remarks−19,667$38.13
View details

Peers

  • EQT

    Appalachian gas rival with integrated gathering and transmission

  • Expand Energy

    Large-scale rival in Appalachian gas, liquids, and market access

  • Range Resources

    Direct Marcellus peer in natural gas, NGLs, and market access

  • CNX Resources

    Appalachian gas rival across Marcellus development and regional markets

  • Gulfport Energy

    Regional rival in Appalachian gas, NGLs, and drilling inventory

CompareAfter-hours close

CompanyPriceChange
Antero Resources$38.50+0.13%$11.82B11.09.02.1+29.6%
EQT$54.67+0.19%$34.13B12.016.33.7−29.2%
Expand Energy$98.160.00%$22.72B8.512.21.7−19.8%
Range Resources$41.10−0.86%$9.69B11.511.32.9+19.1%
CNX Resources$36.42+0.64%$5.36B6.010.82.2−35.7%
Gulfport Energy$176.37+0.01%$3.17B7.17.02.1+3.8%
Median8.511.32.2−19.8%