AR
$34.03+1.92%
as of close, Oct 1, 2026
☾ AH $34.03 +1.92%
AR financial statements
The full income statement, balance sheet, and cash-flow statement for Antero Resources Corporation (AR), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 311.0M2024-09 311.2M2024-12 311.2M2025-03 310.5M2025-06 308.9M2025-09 308.5M2025-12 308.5M2026-03 309.8M2026-06 307.4M-1.1% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 5.28B+22.0% | 4.33B-7.6% | 4.68B-34.4% | 7.14B+54.5% | 4.62B+32.3% | |
| Selling, general & administrative | 233M+1.4% | 229M+2.1% | 225M+29.8% | 173M+19.2% | 145M+7.8% | |
| General & administrative | 233M+1.4% | 229M+2.1% | 225M+29.8% | 173M+19.2% | 145M+7.8% | |
| Operating income | 884M+191997.0% | 460K-99.9% | 396M-84.4% | 2.54B+10542.7% | 23.9M+102.5% | |
| Net interest income | — | — | -118M+6.0% | -125M+31.1% | -182M+9.0% | |
| Other non-operating income | 6.79M+127.2% | -24.9M+29.3% | -35.3M+64.4% | -99.2M+60.6% | -252M+64.2% | |
| Equity-method income | 98.5M+5.0% | 93.8M+13.1% | 83.0M+14.7% | 72.3M-6.2% | 77.1M+223.0% | |
| Pre-tax income | 890M+3736.2% | -24.5M-106.8% | 361M-85.2% | 2.44B+1169.3% | -228M+86.2% | |
| Income tax | 216M+282.7% | -118M-285.7% | 63.6M-85.6% | 441M+695.7% | -74.1M+81.4% | |
| 634M+1008.6% | 57.2M-71.2% | 198M-89.4% | 1.87B+1314.5% | -154M+87.8% | ||
| Net income to non-controlling interest | 40.1M+10.1% | 36.5M-63.1% | 98.9M-22.2% | 127M+287.9% | 32.8M+338.0% | |
| Net income to common | 634M+1008.6% | 57.2M-71.2% | 198M-89.4% | 1.87B+1101.4% | -187M+85.3% | |
| $2.03+1027.8% | $0.18-71.9% | $0.64-88.8% | $5.69+1032.8% | -$0.61+86.9% | ||
| EPS (basic) | $2.05+1038.9% | $0.18-72.7% | $0.66-89.2% | $6.09+1098.4% | -$0.61+86.9% | |
| Weighted-avg shares (basic) | 310M+0.1% | 309M+3.2% | 300M-2.4% | 307M-0.3% | 308M+13.1% | |
| Weighted-avg shares (diluted) | 312M-0.3% | 313M+0.6% | 312M-5.4% | 329M+6.8% | 308M+13.1% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 832M+63.9% | 508M+6.7% | 476M-39.6% | 788M+14.8% | 686M+19.5% | ||
| Cash & equivalents | 210M | 0.00 | 0.00 | 0.00 | 0.00 | |
| Accounts receivable | 33.8M-1.9% | 34.4M-19.3% | 42.6M+20.1% | 35.5M-55.1% | 79.0M+177.6% | |
| Prepaid expenses | 14.6M+17.2% | 12.4M-3.7% | 12.9M-69.6% | 42.5M+184.5% | 14.9M | |
| Other current assets | 10.8M+78.9% | 6.05M-57.4% | 14.2M-55.5% | 31.9M+113.6% | 14.9M-2.1% | |
| 13.2B+1.8% | 13.0B-3.8% | 13.5B-4.3% | 14.1B+1.6% | 13.9B+5.7% | ||
| Operating lease right-of-use | 2.13B-16.4% | 2.55B-14.0% | 2.97B-13.9% | 3.44B+0.7% | 3.42B+30.9% | |
| Other non-current assets | 62.9M+89.4% | 33.2M+30.9% | 25.4M+48.3% | 17.1M+2.5% | 16.7M+21.0% | |
| 1.50B+4.0% | 1.45B-0.4% | 1.45B-18.2% | 1.77B-14.2% | 2.07B+110.4% | ||
| Accounts payable | — | — | — | 77.5M+212.4% | 24.8M-7.1% | |
| Accrued liabilities | 339M-15.8% | 403M+5.6% | 381M-17.4% | 462M+1.0% | 457M+33.1% | |
| Deferred revenue | 23.5M-7.0% | 25.3M-6.8% | 27.1M-11.3% | 30.6M-18.8% | 37.6M-16.9% | |
| Current lease liability | 515M+4.5% | 493M-8.6% | 539M-3.1% | 556M+22.0% | 456M+71.9% | |
| Other current liabilities | 26.7M+739.5% | 3.17M+145.2% | 1.29M-24.1% | 1.71M-84.7% | 11.1M+383.9% | |
| Finance lease liability (current) | 1.54M+21.2% | 1.27M+14.8% | 1.11M+121.6% | 499K+25.7% | 397K-53.0% | |
| 5.53B-4.6% | 5.79B-9.2% | 6.38B-10.1% | 7.10B-9.3% | 7.83B+10.9% | ||
| Long-term debt | 1.40B-6.1% | 1.49B-3.1% | 1.54B+29.9% | 1.18B-44.3% | 2.13B-29.2% | |
| Deferred revenue (non-current) | 11.9M-66.3% | 35.4M-41.6% | 60.7M-30.9% | 87.8M-25.8% | 118M-24.1% | |
| Non-current lease liability | 1.61B-21.4% | 2.05B-15.5% | 2.43B-16.0% | 2.89B-2.6% | 2.96B+26.2% | |
| Operating lease liability (total) | 2.13B-16.4% | 2.54B-14.3% | 2.96B-13.9% | 3.44B+0.7% | 3.42B+30.9% | |
| Finance lease liability (total) | 3.49M+30.8% | 2.67M-29.3% | 3.77M+74.7% | 2.16M+292.5% | 550K-54.4% | |
| Finance lease liability | 1.95M+39.6% | 1.40M-47.7% | 2.67M+60.5% | 1.66M+985.0% | 153K-57.6% | |
| Deferred tax liabilities | 907M+30.9% | 693M-14.6% | 812M+6.9% | 760M+138.9% | 318M-22.8% | |
| Other non-current liabilities | 57.1M-7.8% | 62.0M+4.3% | 59.4M-0.4% | 59.7M+9.6% | 54.5M-8.8% | |
| 7.55B+7.5% | 7.02B+1.7% | 6.90B+2.2% | 6.75B+17.3% | 5.76B-0.2% | ||
| Common stock | 3.08M-0.8% | 3.11M+2.5% | 3.04M+2.1% | 2.97M-5.3% | 3.14M+16.9% | |
| Additional paid-in capital | 5.87B-0.7% | 5.91B+1.1% | 5.85B+0.1% | 5.84B-8.4% | 6.37B+2.8% | |
| Retained earnings | 1.68B+51.7% | 1.11B+5.4% | 1.05B+15.1% | 914M+248.0% | -617M-43.4% | |
| Treasury stock | — | — | — | 1.16M | — | |
| Non-controlling interest | 165M-15.4% | 195M-16.3% | 233M-11.4% | 263M-15.0% | 309M-4.2% | |
| Total equity incl. non-controlling | 7.72B+6.9% | 7.22B+1.2% | 7.13B+2.2% | 6.98B+15.3% | 6.06B-0.5% | |
| Total liabilities & equity | 13.2B+1.8% | 13.0B-3.8% | 13.5B-4.3% | 14.1B+1.6% | 13.9B+5.7% | |
| Common shares issued | 309M-0.9% | 311M+2.5% | 304M+2.1% | 297M-5.3% | 314M+16.8% | |
| Common shares outstanding | 309M-0.9% | 311M+2.5% | 304M+2.1% | 297M-5.3% | 314M+16.8% | |
| Shares outstanding (cover) | 309M-0.9% | 311M+2.5% | 304M+2.8% | 295M-6.2% | 315M+4.5% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.63B+92.0% | 849M-14.6% | 995M-67.4% | 3.05B+83.8% | 1.66B+125.7% | ||
| Depreciation & amortization | 750M-1.6% | 762M+2.0% | 747M+4.4% | 715M-3.6% | 742M-13.9% | |
| Share-based compensation | 60.8M-8.5% | 66.5M+11.7% | 59.5M+67.9% | 35.4M+73.4% | 20.4M-12.4% | |
| Deferred income taxes | 214M+280.3% | -119M-291.2% | 62.0M-85.9% | 440M+692.8% | -74.3M+81.3% | |
| Change in receivables | 142K+100.6% | -25.4M-236.6% | -7.55M+82.6% | -43.5M-178.3% | 55.6M+485.4% | |
| Change in payables | -2.35M-106.6% | 35.3M+309.7% | -16.8M-152.0% | 32.4M+2834.3% | -1.18M+93.9% | |
| -1.08B-50.9% | -714M+37.4% | -1.14B-20.9% | -944M-32.8% | -711M-34.1% | ||
| Capital expenditure | 685M+11.5% | 615M-36.2% | 964M+2.2% | 944M+31.9% | 716M-18.1% | |
| Free cash flow | 945M+303.3% | 234M+671.8% | 30.4M-98.6% | 2.11B+123.2% | 944M+780.7% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| -343M-153.9% | -135M-192.5% | 146M+106.9% | -2.11B-122.0% | -949M-361.8% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 136M | 0.00-100.0% | 75.4M-91.4% | 874M | 0.00-100.0% | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | -1.54M-39.1% | -1.11M-33.3% | -830K-44.3% | -575K+33.1% | -859K+33.5% | |
| Net change in cash | 210M | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest paid | 88.1M-26.6% | 120M+5.4% | 114M-26.5% | 155M+9.2% | 142M-26.2% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 10.6B-2.5% | 10.9B+60.0% | 6.82B-26.7% | 9.30B+68.9% | 5.51B+235.5% | |
| P/E | 16.8×-91.2% | 190.6×+2280.4% | 8.0× | — | — | |
| P/S | 2.0×-20.1% | 2.5×+106.2% | 1.2×-2.1% | 1.2×+4.8% | 1.2×+153.6% | |
| P/B | 1.4×-9.4% | 1.6×+56.4% | 1.0×-33.7% | 1.5×+56.5% | 1.0×+236.1% | |
| P/FCF | 11.2×-75.8% | 46.5×+1094.6% | 3.9×-11.0% | 4.4×-25.0% | 5.8× | |
| Earnings yield | 6.0%+1037.3% | 0.52%-95.8% | 12.5% | — | — | |
| FCF yield | 8.9%+313.7% | 2.1%-91.6% | 25.7%+12.4% | 22.8%+33.3% | 17.1% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: AR’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all AR filings on SEC EDGAR → Not investment advice.