Antero Resources Corp Financials
This page shows Antero Resources Corp (AR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Antero Resources Corp has an operating margin of 18.1%, meaning the company retains $18 of operating profit per $100 of revenue. This strong profitability earns a score of 90/100, reflecting efficient cost management and pricing power. This is up from 0.0% the prior year.
Antero Resources Corp's revenue declined 99.9% year-over-year, from $4.3B to $2.2M. This contraction results in a growth score of 0/100.
Antero Resources Corp carries a low D/E ratio of 0.21, meaning only $0.21 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Antero Resources Corp's current ratio of 0.35 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
Antero Resources Corp generates a 4.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 17/100. This is up from 1.3% the prior year.
Antero Resources Corp scores 1110.96, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($10.7B) relative to total liabilities ($5.8M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Antero Resources Corp passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Antero Resources Corp generates $3.35 in operating cash flow ($995K OCF vs $297K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Antero Resources Corp generated $2.2M in revenue in fiscal year 2025. This represents a decrease of 99.9% from the prior year.
Antero Resources Corp's EBITDA was $1.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 99.9% from the prior year.
Antero Resources Corp reported $297K in net income in fiscal year 2025. This represents a decrease of 99.7% from the prior year.
Antero Resources Corp earned $0.64 per diluted share (EPS) in fiscal year 2025. This represents an increase of 255.6% from the prior year.
Antero Resources Corp held $210.0M in cash against $1.5M in long-term debt as of fiscal year 2025.
Antero Resources Corp had 308,525 shares outstanding in fiscal year 2025. This represents a decrease of 99.9% from the prior year.
Antero Resources Corp's operating margin was 18.1% in fiscal year 2025, reflecting core business profitability. This is up 18.1 percentage points from the prior year.
Antero Resources Corp's net profit margin was 13.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 11.4 percentage points from the prior year.
Antero Resources Corp's ROE was 4.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.9 percentage points from the prior year.
Antero Resources Corp spent $75K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
AR Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.4B+16.3% | $1.2B-6.4% | $1.3B-4.1% | $1.4B+15.7% | $1.2B+10.7% | $1.1B+7.9% | $978.7M-12.8% | $1.1B |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $56.0M-1.7% | $56.9M-0.4% | $57.2M-8.4% | $62.4M+5.1% | $59.4M+8.8% | $54.6M-8.1% | $59.4M+6.4% | $55.9M |
| Operating Income | $289.2M+144.8% | $118.1M-42.3% | $204.9M-24.5% | $271.5M+369.8% | $57.8M+331.4% | -$25.0M+68.8% | -$80.1M-267.8% | $47.7M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$30.2M |
| Income Tax | $69.9M+61.4% | $43.3M-10.1% | $48.2M-11.4% | $54.4M+152.2% | -$104.2M-3426.4% | -$3.0M+82.9% | -$17.3M-377.6% | $6.2M |
| Net Income | $202.9M+137.0% | $85.6M-48.6% | $166.6M-24.1% | $219.5M+38.2% | $158.8M+730.5% | -$25.2M+66.2% | -$74.6M-315.2% | $34.7M |
| EPS (Diluted) | $0.63+162.5% | $0.24-52.0% | $0.50-24.2% | $0.66+37.5% | $0.48+536.4% | $-0.11+57.7% | $-0.26-471.4% | $0.07 |
AR Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $13.2B+2.6% | $12.9B+1.1% | $12.8B-2.2% | $13.0B+0.3% | $13.0B-1.6% | $13.2B-1.4% | $13.4B-1.0% | $13.5B |
| Current Assets | $831.8M+94.4% | $427.8M+0.1% | $427.5M-25.6% | $574.8M+13.2% | $507.5M+37.7% | $368.6M-9.9% | $409.0M+1.6% | $402.7M |
| Cash & Equivalents | $210.0M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $33.8M-9.1% | $37.1M+17.4% | $31.6M-21.6% | $40.4M+17.4% | $34.4M+31.6% | $26.2M+11.1% | $23.6M-41.3% | $40.1M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $5.5B+2.5% | $5.4B+2.1% | $5.3B-6.4% | $5.6B-2.6% | $5.8B-4.1% | $6.0B-2.9% | $6.2B-0.8% | $6.3B |
| Current Liabilities | $1.5B+8.5% | $1.4B-1.3% | $1.4B-5.4% | $1.5B+2.7% | $1.4B+9.2% | $1.3B-5.8% | $1.4B+1.7% | $1.4B |
| Long-Term Debt | $1.4B+6.9% | $1.3B+19.0% | $1.1B-14.5% | $1.3B-13.7% | $1.5B-8.2% | $1.6B+2.0% | $1.6B+5.4% | $1.5B |
| Total Equity | $7.6B+2.8% | $7.3B+0.6% | $7.3B+1.2% | $7.2B+2.8% | $7.0B+0.6% | $7.0B-0.1% | $7.0B-0.9% | $7.1B |
| Retained Earnings | $1.7B+13.0% | $1.5B+3.7% | $1.4B+9.4% | $1.3B+18.3% | $1.1B+2.5% | $1.1B-1.9% | $1.1B-5.6% | $1.2B |
AR Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $370.7M+19.6% | $310.1M-37.0% | $492.4M+7.6% | $457.7M+64.7% | $278.0M+67.3% | $166.2M+15.8% | $143.5M-45.1% | $261.6M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$223.6M+50.2% | -$448.8M-127.3% | -$197.5M+5.0% | -$207.9M-65.1% | -$125.9M+27.7% | -$174.1M+7.0% | -$187.3M+17.4% | -$226.8M |
| Financing Cash Flow | $62.9M-54.7% | $138.7M+147.0% | -$294.9M-18.0% | -$249.8M-64.3% | -$152.1M-2013.4% | $7.9M-81.9% | $43.8M+225.9% | -$34.8M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $83K-99.8% | $51.4M-31.4% | $74.9M+641.7% | $10.1M | N/A | N/A | N/A | N/A |
AR Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 20.5%+10.8pp | 9.7%-6.1pp | 15.8%-4.3pp | 20.1%+15.1pp | 4.9%+7.3pp | -2.4%+5.8pp | -8.2%-12.4pp | 4.3% |
| Net Margin | 14.4%+7.3pp | 7.0%-5.8pp | 12.8%-3.4pp | 16.2%+2.6pp | 13.6%+16.0pp | -2.4%+5.2pp | -7.6%-10.7pp | 3.1% |
| Return on Equity | 2.7%+1.5pp | 1.2%-1.1pp | 2.3%-0.8pp | 3.0%+0.8pp | 2.3% | N/A | N/A | 0.5% |
| Return on Assets | 1.5%+0.9pp | 0.7%-0.6pp | 1.3%-0.4pp | 1.7%+0.5pp | 1.2%+1.4pp | -0.2%+0.4pp | -0.6%-0.8pp | 0.3% |
| Current Ratio | 0.55+0.2 | 0.310.0 | 0.30-0.1 | 0.39+0.0 | 0.35+0.1 | 0.28-0.0 | 0.290.0 | 0.29 |
| Debt-to-Equity | 0.190.0 | 0.18+0.0 | 0.15-0.0 | 0.18-0.0 | 0.21-0.0 | 0.230.0 | 0.23+0.0 | 0.21 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: The current ratio is below 1.0 (0.35), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Antero Resources Corp's annual revenue?
Antero Resources Corp (AR) reported $2.2M in total revenue for fiscal year 2025. This represents a -99.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Antero Resources Corp's revenue growing?
Antero Resources Corp (AR) revenue declined by 99.9% year-over-year, from $4.3B to $2.2M in fiscal year 2025.
Is Antero Resources Corp profitable?
Yes, Antero Resources Corp (AR) reported a net income of $297K in fiscal year 2025, with a net profit margin of 13.6%.
What is Antero Resources Corp's earnings per share (EPS)?
Antero Resources Corp (AR) reported diluted earnings per share of $0.64 for fiscal year 2025. This represents a 255.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Antero Resources Corp's EBITDA?
Antero Resources Corp (AR) had EBITDA of $1.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Antero Resources Corp have?
As of fiscal year 2025, Antero Resources Corp (AR) had $210.0M in cash and equivalents against $1.5M in long-term debt.
What is Antero Resources Corp's operating margin?
Antero Resources Corp (AR) had an operating margin of 18.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Antero Resources Corp's net profit margin?
Antero Resources Corp (AR) had a net profit margin of 13.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Antero Resources Corp's return on equity (ROE)?
Antero Resources Corp (AR) has a return on equity of 4.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Antero Resources Corp's operating cash flow?
Antero Resources Corp (AR) generated $995K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Antero Resources Corp's total assets?
Antero Resources Corp (AR) had $13.0M in total assets as of fiscal year 2025, including both current and long-term assets.
Does Antero Resources Corp buy back shares?
Yes, Antero Resources Corp (AR) spent $75K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Antero Resources Corp have outstanding?
Antero Resources Corp (AR) had 308,525 shares outstanding as of fiscal year 2025.
What is Antero Resources Corp's current ratio?
Antero Resources Corp (AR) had a current ratio of 0.35 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Antero Resources Corp's debt-to-equity ratio?
Antero Resources Corp (AR) had a debt-to-equity ratio of 0.21 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Antero Resources Corp's return on assets (ROA)?
Antero Resources Corp (AR) had a return on assets of 2.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Antero Resources Corp's Altman Z-Score?
Antero Resources Corp (AR) has an Altman Z-Score of 1110.96, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Antero Resources Corp's Piotroski F-Score?
Antero Resources Corp (AR) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Antero Resources Corp's earnings high quality?
Antero Resources Corp (AR) has an earnings quality ratio of 3.35x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Antero Resources Corp?
Antero Resources Corp (AR) scores 41 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.