(AR) Antero Resources - Overview
Sector: Energy | Industry: Oil & Gas E&P | Exchange: NYSE (USA) | Market Cap: 11.768m USD | Total Return: -5.9% in 12m
Avg Turnover: 163M
EPS Trend: 26.7%
Qual. Beats: 0
Rev. Trend: 2.9%
Qual. Beats: 0
Warnings
Beneish M-Score 1.00 > -1.5 - likely earnings manipulation
Altman Z'' 1.03 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
No distinct edge detected
Antero Resources Corporation (AR) is an independent upstream energy company focused on the Appalachian Basin, with primary operations in the Marcellus and Upper Devonian Shale plays. The company maintains an integrated business model through three segments: Exploration and Production, Marketing, and a strategic equity investment in Antero Midstream. As of late 2025, its asset base includes roughly 705,000 net acres and an extensive 731-mile gathering pipeline network.
The company specializes in the extraction of natural gas and natural gas liquids (NGLs), positioning it as a significant supplier in the Appalachian region, which remains the most prolific natural gas basin in the United States. Exploration and production companies in this sector frequently utilize midstream partnerships to reduce transportation bottlenecks and improve price realizations at regional hubs. Investors can analyze detailed valuation metrics for this stock on ValueRay.
Headquartered in Denver and incorporated in 2002, Antero Resources transitioned from its original Appalachian-specific branding in 2013 to reflect its broader corporate structure. Its operational focus remains centered on the development and acquisition of hydrocarbon properties within its core domestic acreage.
- Natural gas price volatility in the Appalachian Basin drives underlying revenue growth
- NGL price realization and export capacity expansion impact cash flow margins
- Operational synergy with Antero Midstream reduces gathering and transportation overhead costs
- Regulatory shifts in federal drilling permits influence long-term production volume targets
- Debt reduction strategies and share buyback programs dictate equity valuation multiples
| Net Income: 961.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 3.69 > 1.0 |
| NWC/Revenue: -18.51% < 20% (prev -20.44%; Δ 1.93% < -1%) |
| CFO/TA 0.13 > 3% & CFO 2.03b > Net Income 961.7m |
| Net Debt (6.63b) to EBITDA (2.18b): 3.04 < 3 |
| Current Ratio: 0.40 > 1.5 & < 3 |
| Outstanding Shares: last quarter (311.4m) vs 12m ago -1.07% < -2% |
| Gross Margin: 26.04% > 18% (prev 0.14%; Δ 2.59k% > 0.5%) |
| Asset Turnover: 38.62% > 50% (prev 34.13%; Δ 4.49% > 0%) |
| Interest Coverage Ratio: 14.47 > 6 (EBITDA TTM 2.18b / Interest Expense TTM 97.3m) |
| A: -0.07 (Total Current Assets 677.9m - Total Current Liabilities 1.69b) / Total Assets 15.3b |
| B: 0.14 (Retained Earnings 2.22b / Total Assets 15.3b) |
| C: 0.10 (EBIT TTM 1.41b / Avg Total Assets 14.2b) |
| D: 0.31 (Book Value of Equity 2.22b / Total Liabilities 7.13b) |
| Altman-Z'' = 1.03 = BB |
| DSRI: 0.71 (Receivables 486.6m/553.8m, Revenue 5.48b/4.45b) |
| GMI: 0.52 (GM 26.04% / 13.61%) |
| AQI: 38.40 (AQ_t 0.81 / AQ_t-1 0.02) |
| SGI: 1.23 (Revenue 5.48b / 4.45b) |
| TATA: -0.07 (NI 961.7m - CFO 2.03b) / TA 15.3b) |
| Beneish M = 18.58 (Cap -4..+1) = D |
As of May 24, 2026, the stock is trading at USD 36.75 with a total of 3,526,356 shares traded.
Over the past week, the price has changed by -3.90%,
over one month by -4.79%,
over three months by +8.09% and
over the past year by -5.89%.
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 | 50.2 | 36.5% |
P/E Forward = 9.4162
P/S = 2.0918
P/B = 1.4979
P/EG = 0.6974
Revenue TTM = 5.48b USD
EBIT TTM = 1.41b USD
EBITDA TTM = 2.18b USD
Long Term Debt = 2.66b USD (from longTermDebt, last quarter)
Short Term Debt = 536.3m USD (from shortTermDebt, last quarter)
Debt = 6.84b USD (from shortLongTermDebtTotal, last quarter) + Leases 2.09b
Net Debt = 6.63b USD (calculated: Debt 6.84b - CCE 210.0m)
Enterprise Value = 18.4b USD (11.8b + Debt 6.84b - CCE 210.0m)
Interest Coverage Ratio = 14.47 (Ebit TTM 1.41b / Interest Expense TTM 97.3m)
EV/FCF = 10.37x (Enterprise Value 18.4b / FCF TTM 1.77b)
FCF Yield = 9.64% (FCF TTM 1.77b / Enterprise Value 18.4b)
FCF Margin = 32.33% (FCF TTM 1.77b / Revenue TTM 5.48b)
Net Margin = 17.54% (Net Income TTM 961.7m / Revenue TTM 5.48b)
Gross Margin = 26.04% ((Revenue TTM 5.48b - Cost of Revenue TTM 4.06b) / Revenue TTM)
Gross Margin QoQ = 39.82% (prev 21.13%)
Tobins Q-Ratio = 1.20 (Enterprise Value 18.4b / Total Assets 15.3b)
Interest Expense / Debt = 1.42% (Interest Expense 97.3m / Debt 6.84b)
Taxrate = 20.98% (145.5m / 693.7m)
NOPAT = 1.11b (EBIT 1.41b * (1 - 20.98%))
Current Ratio = 0.40 (Total Current Assets 677.9m / Total Current Liabilities 1.69b)
Debt / Equity = 0.85 (Debt 6.84b / totalStockholderEquity, last quarter 8.06b)
Debt / EBITDA = 3.04 (Net Debt 6.63b / EBITDA 2.18b)
Debt / FCF = 3.74 (Net Debt 6.63b / FCF TTM 1.77b)
Total Stockholder Equity = 7.57b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.77% (Net Income 961.7m / Total Assets 15.3b)
RoE = 12.71% (Net Income TTM 961.7m / Total Stockholder Equity 7.57b)
RoCE = 13.76% (EBIT 1.41b / Capital Employed (Equity 7.57b + L.T.Debt 2.66b))
RoIC = 7.84% (NOPAT 1.11b / Invested Capital 14.2b)
WACC = 5.67% (E(11.8b)/V(18.6b) * Re(8.31%) + D(6.84b)/V(18.6b) * Rd(1.42%) * (1-Tc(0.21)))
Discount Rate = 8.31% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 6.67 | Cagr: -0.08%
[DCF] Terminal Value 77.97% ; FCFF base≈1.47b ; Y1≈1.69b ; Y5≈2.49b
[DCF] Fair Price = 99.38 (EV 37.4b - Net Debt 6.63b = Equity 30.8b / Shares 309.8m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 26.68 | EPS CAGR: 49.60% | SUE: 0.06 | # QB: 0
Revenue Correlation: 2.89 | Revenue CAGR: 0.44% | SUE: 0.76 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.88 | Chg30d=-8.90% | Revisions=+0% | Analysts=15
EPS next Quarter (2026-09-30): EPS=1.03 | Chg30d=-0.62% | Revisions=+25% | Analysts=14
EPS current Year (2026-12-31): EPS=4.42 | Chg30d=+2.64% | Revisions=+26% | GrowthEPS=+156.7% | GrowthRev=+29.0%
EPS next Year (2027-12-31): EPS=4.77 | Chg30d=+1.76% | Revisions=+26% | GrowthEPS=+7.8% | GrowthRev=+1.3%
[Analyst] Revisions Ratio: +26%