AR Stock Analysis: Antero Resources | NYSE
Oil & Gas E&P | NYSE, USA | Market Cap: 10.937m USD | 12M Return: 5.7% | US03674X1063 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 162M
Qual. Beats: 0
Rev. Trend: 70.1%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Antero Resources Corporation (AR) is an independent U.S. oil and natural gas company engaged in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties. The company is headquartered in Denver, Colorado, was incorporated in 2002, and has been listed on the NYSE since October 2013. As of the end of 2025, it held roughly 537,000 net acres in the Appalachian Basin and approximately 168,000 net acres in the Upper Devonian Shale.
The company operates through three segments: Exploration and Production; Marketing; and Equity Method Investment in Antero Midstream, which provides midstream gathering services to its upstream operations. Its gathering and compression systems include 731 miles of gas gathering pipelines in the Appalachian Basin.
As a pure-play Appalachia producer focused heavily on natural gas and NGLs, Antero is among the larger operators in one of the most prolific U.S. shale basins, benefiting from established takeaway infrastructure. The equity investment in Antero Midstream aligns the upstream and midstream portions of its value chain, a structure common among large E&P operators seeking to control production flow and capture midstream economics.
- Henry Hub natural gas prices drive revenue and margins
- LNG export demand growth supports Appalachian basin pricing
- Capital returns accelerate through debt reduction and share buybacks
| Net Income: 1.08b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.13 > 0.02 and ΔFCF/TA 2.46 > 1.0 |
| NWC/Revenue: -17.73% < 20% (prev -20.66%; Δ 2.93% < -1%) |
| CFO/TA 0.13 > 3% & CFO 2.01b > Net Income 1.08b |
| Net Debt (6.49b) to EBITDA (2.39b): 2.72 < 3 |
| Current Ratio: 0.40 > 1.5 & < 3 |
| Outstanding Shares: last quarter (310.6m) vs 12m ago -0.81% < -2% |
| Gross Margin: 45.55% > 18% (prev 17.86%; Δ 27.69% > 0.5%) |
| Asset Turnover: 41.71% > 50% (prev 37.05%; Δ 4.66% > 0%) |
| Interest Coverage Ratio: 13.72 > 6 (EBIT TTM 1.58b / Interest Expense TTM 114.8m) |
| A: -0.07 (Total Current Assets 693.6m - Total Current Liabilities 1.73b) / Total Assets 15.2b |
| B: 0.16 (Retained Earnings 2.48b / Total Assets 15.2b) |
| C: 0.11 (EBIT TTM 1.58b / Avg Total Assets 14.0b) |
| D: 1.20 (Book Value of Equity 8.32b / Total Liabilities 6.92b) |
| Altman-Z'' = 2.10 = BBB |
| DSRI: 0.10 (Receivables 25.1m/399.5m, Revenue 5.84b/4.73b) |
| GMI: 0.39 (GM 17.86% / 45.55%) |
| AQI: 36.41 (AQ_t 0.81 / AQ_t-1 0.02) |
| SGI: 1.23 (Revenue 5.84b / 4.73b) |
| TATA: -0.06 (NI 1.08b - CFO 2.01b) / TA 15.2b) |
| Beneish M = 16.84 (Cap -4..+1) = D |
As of August 07, 2026, the stock is trading at USD 34.90 with a total of 4,725,153 shares traded. Over the past week, the price has changed by -1.13%, over one month by +0.63%, over three months by -5.27% and over the past year by +5.69%.
Current recommended Stop Loss: 32.00 (which is 8.3% or 2.5 ATR below the current price).
Antero Resources has received a consensus analysts rating of 3.95. Therefore, it is recommended to buy AR.
- StrongBuy: 9
- Buy: 5
- Hold: 7
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 48.5 | 38.8% |
P/E Trailing = 11.4239
P/E Forward = 9.6805
P/S = 1.9442
P/B = 1.3503
P/EG = 0.7171
Revenue TTM = 5.84b USD
EBIT TTM = 1.58b USD
EBITDA TTM = 2.39b USD
Long Term Debt = 1.40b USD (from longTermDebt, last fiscal year)
Short Term Debt = 714.2m USD (from shortTermDebt, last quarter)
Debt = 6.70b USD (from shortLongTermDebtTotal, last quarter) + Leases 2.09b
Net Debt = 6.49b USD (calculated: Debt 6.70b - CCE 210.0m)
Enterprise Value = 17.4b USD (10.9b + Debt 6.70b - CCE 210.0m)
Interest Coverage Ratio = 13.72 (Ebit TTM 1.58b / Interest Expense TTM 114.8m)
EV/FCF = 8.76x (Enterprise Value 17.4b / FCF TTM 1.99b)
FCF Yield = 11.42% (FCF TTM 1.99b / Enterprise Value 17.4b)
FCF Margin = 34.07% (FCF TTM 1.99b / Revenue TTM 5.84b)
Net Margin = 18.56% (Net Income TTM 1.08b / Revenue TTM 5.84b)
Gross Margin = 45.55% ((Revenue TTM 5.84b - Cost of Revenue TTM 3.18b) / Revenue TTM)
Gross Margin QoQ = 94.51% (prev 39.82%)
Tobins Q-Ratio = 1.14 (Enterprise Value 17.4b / Total Assets 15.2b)
Interest Expense / Debt = 1.71% (Interest Expense 114.8m / Debt 6.70b)
Taxrate = 23.12% (337.8m / 1.46b)
NOPAT = 1.21b (EBIT 1.58b * (1 - 23.12%))
Current Ratio = 0.40 (Total Current Assets 693.6m / Total Current Liabilities 1.73b)
Debt / Equity = 0.81 (Debt 6.70b / totalStockholderEquity, last quarter 8.32b)
Debt / EBITDA = 2.72 (Net Debt 6.49b / EBITDA 2.39b)
Debt / FCF = 3.26 (Net Debt 6.49b / FCF TTM 1.99b)
Total Stockholder Equity = 7.82b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.74% (Net Income 1.08b / Total Assets 15.2b)
RoE = 13.86% (Net Income TTM 1.08b / Total Stockholder Equity 7.82b)
RoCE = 17.10% (EBIT 1.58b / Capital Employed (Equity 7.82b + L.T.Debt 1.40b))
RoIC = 8.65% (NOPAT 1.21b / Invested Capital 14.0b)
WACC = 4.83% (E(10.9b)/V(17.6b) * Re(6.99%) + D(6.70b)/V(17.6b) * Rd(1.71%) * (1-Tc(0.23)))
Discount Rate = 6.99% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -27.25 | Cagr: -0.26%
[DCF] Terminal Value 77.97% ; FCFF base≈1.74b ; Y1≈1.99b ; Y5≈2.93b
[DCF] Fair Price = 121.2 (EV 44.1b - Net Debt 6.49b = Equity 37.6b / Shares 309.8m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.08 | # QB: 0
Revenue Correlation: 70.06 | Revenue CAGR: 9.83% | SUE: 0.04 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.99 | Chg30d=-4.23% | Revisions=-57% | Analysts=11
EPS current Year (2026-12-31): EPS=4.05 | Chg30d=-8.64% | Revisions=-57% | GrowthEPS=+135.2% | GrowthRev=+27.2%
EPS next Year (2027-12-31): EPS=4.29 | Chg30d=-7.16% | Revisions=+12% | GrowthEPS=+6.0% | GrowthRev=-0.1%
[Analyst] Revisions Ratio: -44% (up=3, down=10)