Antero Resources Corp (AR) stock — is it a good business?

Antero Resources Corp (AR) stock — is it a good business? — InspectStocks

Just reported

Q3 2026 results

From Antero Resources's results release of October 28, 2026; its quarterly report has since been filed.

Revenue
Actual
$1.56B
+29% y/y
+0.2% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$1.19
+396% y/y
+32% q/q
Guided
—
No guide given
Operating income, GAAP
Actual
$391.8M
+232% y/y
+4.3% q/q
Guided
—
No guide given

Set against the company's own guidance and the same quarter a year earlier, not analysts' estimates, which we do not hold. Adjusted figures are the company's own non-GAAP measures, as stated in the release.

How it makes money

Exploration and production of natural gas, natural gas liquids and oil84%
Midstream services14%
Marketing2%

Shares of revenue are estimates for quarter ended 2026-03-31, high confidence, not figures from a filing.

Competes with

What it sells3

Natural gas
Natural gas produced from the company’s wells and sold to buyers.
Natural gas liquids
Liquid hydrocarbons produced alongside natural gas and sold as commodities.
Oil and condensate
Oil and condensate produced from the company’s wells and sold to buyers.

Who buys it1

Buyers of natural gas, natural gas liquids and oil, including commodity marketers; specific buyers and purchasing arrangements vary.

What it stands on, and what could break it

What the business leans on

1Production is concentrated in the Appalachian Basin.
2The company relies on gathering, processing, fractionation, water services and transportation infrastructure to handle and move production.
3Long-term service contracts can require fees for minimum volumes even when actual throughput is lower.

What could go wrong

1Prices for natural gas, natural gas liquids and oil can change sharply; hedges may limit gains when prices rise and can expose the company to counterparty risk.
2Production and cash flow depend on drilling and developing reserves; wells may produce less than expected, and reserves decline unless replaced.
3Transportation or processing interruptions and limited access to infrastructure can delay production or restrict access to markets, while some service contracts still require minimum-volume payments.

Full financial statements →

About Antero Resources Corp

Antero Resources drills and produces wells in the Appalachian Basin, chiefly for natural gas, along with natural gas liquids and oil. It also earns revenue from gathering and compression, water services and commodity marketing through its midstream and marketing businesses.

Head office: Denver, Colorado
Founded: 2002 (founding year, medium confidence)
Listed on: NYSE
Financial year ends: December 31

Built from Antero Resources Corp’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.

Just reported

Q3 2026 results

From Antero Resources's results release of October 28, 2026; its quarterly report has since been filed.

Revenue
Actual
$1.56B
+29% y/y
+0.2% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$1.19
+396% y/y
+32% q/q
Guided
—
No guide given
Operating income, GAAP
Actual
$391.8M
+232% y/y
+4.3% q/q
Guided
—
No guide given

Keep exploring

The themes Antero Resources is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.

The theme it is part of

Highest-graded in Oil Gas E and P

Graded A or B and worth $2B or more: A first, then the largest.

All 68 graded companies in its industry

Grade rose recently in Energy

Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.

All grade rises

How it makes money

Exploration and production of natural gas, natural gas liquids and oil84%
Midstream services14%
Marketing2%

Shares of revenue are estimates for quarter ended 2026-03-31, high confidence, not figures from a filing.

Competes with

What it sells3

Natural gas
Natural gas produced from the company’s wells and sold to buyers.
Natural gas liquids
Liquid hydrocarbons produced alongside natural gas and sold as commodities.
Oil and condensate
Oil and condensate produced from the company’s wells and sold to buyers.

Who buys it1

Buyers of natural gas, natural gas liquids and oil, including commodity marketers; specific buyers and purchasing arrangements vary.