AR - Antero Resources Corporation
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$48.89
DETAILS
HIGH:
$57.00
LOW:
$38.00
MEDIAN:
$49.00
CONSENSUS:
$48.89
UPSIDE:
33.03%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||
| Revenue | 5,013.6 | 4,118.7 | 4,279.0 | 8,299.9 | 5,791.8 | 3,083.9 | 3,643.9 | 3,652.9 | 2,760.6 | 1,755.1 | 1,375.1 | 1,758.8 | 821.4 | 265.0 | 195.3 | 47.4 |
| Cost of Revenue | 3,905.4 | 3,791.4 | 3,666.5 | 3,707.5 | 3,535.9 | 3,598.3 | 3,332.4 | 2,574.4 | 2,103.8 | 1,809.4 | 1,483.5 | 1,056.6 | 512.2 | 219.6 | 109.6 | 31.8 |
| Gross Profit | 1,108.2 | 327.3 | 612.5 | 4,592.4 | 2,255.9 | (514.4) | 311.5 | 1,078.4 | 656.8 | (54.3) | (108.3) | 702.3 | 309.2 | 45.4 | 85.7 | 15.6 |
| Operating Expenses | ||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 422.7 | 474.2 | 509.5 | 704.2 | 956.7 | 603.9 | 728.5 | 926.4 | 617.5 | 738.7 | 532.8 | 320.0 | 425.4 | 45.3 | 33.3 | 22.0 |
| Other Expenses | (144.2) | (147.4) | (293.3) | 1,348.8 | 1,275.3 | (164.9) | 570.0 | 80.1 | (700.8) | 182.8 | (2,431.4) | (917.4) | (457.4) | (443.9) | (478.6) | (66.6) |
| Operating Expenses | 278.5 | 326.9 | 216.2 | 2,053.0 | 2,232.0 | 439.0 | 1,298.5 | 1,006.5 | (83.3) | 921.5 | (1,898.6) | (597.5) | (32.0) | (398.6) | (445.2) | (44.7) |
| Operating Income | ||||||||||||||||
| Operating Income | 829.7 | 0.5 | 396.2 | 2,539.3 | 23.9 | (953.4) | (987.0) | 71.9 | 740.1 | (975.8) | 1,790.3 | 1,299.7 | 341.2 | 444.0 | 531.0 | 60.3 |
| Interest Expense | 83.7 | 118.2 | 117.9 | 125.4 | 181.9 | 199.9 | 228.1 | 286.7 | 268.7 | 253.6 | 234.4 | 160.1 | 136.6 | 97.5 | 74.4 | 56.5 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||||||||
| EBITDA | 1,727.7 | 859.5 | 1,228.9 | 3,285.3 | 699.5 | (592.7) | 779.5 | 1,087.5 | 1,586.0 | (179.9) | 2,501.7 | 1,758.5 | 533.6 | 546.1 | 586.7 | 76.2 |
| EBIT | 974.1 | 93.7 | 478.8 | 2,565.5 | (46.3) | (1,458.0) | (139.1) | 112.2 | 758.8 | (992.3) | 1,790.3 | 1,279.3 | 298.6 | 444.0 | 530.9 | 57.6 |
| Income Before Tax | 890.4 | (24.5) | 361.0 | 2,440.1 | (228.2) | (1,657.9) | (367.2) | (174.6) | 490.1 | (1,245.8) | 1,555.9 | 1,119.3 | 162.0 | 346.5 | 456.5 | 1.2 |
| Income Tax Expense | 215.9 | (118.2) | 63.6 | 441.3 | (74.1) | (397.5) | (74.1) | (128.9) | (295.1) | (496.4) | 575.9 | 445.7 | 186.2 | 121.2 | 185.3 | 0.9 |
| Net Income | 634.4 | 57.2 | 198.4 | 1,871.6 | (186.9) | (1,267.9) | (340.1) | (397.5) | 615.1 | (848.8) | 941.4 | 673.6 | (18.9) | (285.1) | 392.7 | 228.6 |
| Per Share Data | ||||||||||||||||
| EPS (Basic) | 2.05 | 0.18 | 0.66 | 6.09 | -0.61 | -4.65 | -1.11 | -1.26 | 1.95 | -2.88 | 3.43 | 2.57 | -0.07 | -1.10 | 1.51 | 0.88 |
| EPS (Diluted) | 2.03 | 0.18 | 0.64 | 5.69 | -0.61 | -4.65 | -1.11 | -1.26 | 1.94 | -2.88 | 3.43 | 2.57 | -0.07 | -1.10 | 1.51 | 0.88 |
| Shares Outstanding | 309.7 | 309.5 | 299.8 | 307.2 | 308.1 | 272.4 | 306.4 | 315.5 | 315.4 | 294.7 | 274.1 | 262.1 | 262.0 | 260.1 | 260.1 | 260.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 210 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28.4 | 31.6 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 507.2 | 488.0 | 443.4 | 743.2 | 670.4 | 453.8 | 489.3 | 525.9 | 335.0 | 291.6 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 100 | 7.1 | 19.4 | 33.8 | 15.7 | 120.4 | 433.6 | 280.7 | 469.6 | 79.3 |
| Total Current Assets | 831.8 | 507.5 | 475.7 | 787.5 | 686.1 | 574.1 | 922.9 | 806.6 | 833.1 | 402.6 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 11,337.8 | 12,236.9 | 12,788.3 | 13,083.1 | 12,947.0 | 12,260.5 | 12,865.2 | 13,869.9 | 13,235.6 | 12,026.7 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 258.2 | 231.0 | 222.3 | 220.4 | 232.4 | 255.1 | 1,055.2 | 433.6 | 303.3 | 68.3 |
| Other Non-Current Assets | 817.6 | 34.5 | 30.9 | 26.9 | 31.1 | 61.1 | 354.3 | 409.3 | 889.5 | 1,757.9 |
| Total Non-Current Assets | 13,458.1 | 12,502.5 | 13,041.5 | 13,330.5 | 13,210.4 | 12,576.7 | 14,274.7 | 14,712.9 | 14,428.4 | 13,853.0 |
| Total Assets | 14,289.8 | 13,010.0 | 13,517.2 | 14,118.0 | 13,896.5 | 13,150.8 | 15,197.6 | 15,519.5 | 15,261.5 | 14,255.5 |
| Current Liabilities | ||||||||||
| Account Payables | 151.0 | 62.2 | 39.0 | 77.5 | 24.8 | 26.7 | 14.5 | 66.3 | 63.0 | 38.6 |
| Short-Term Debt | 516.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 23.5 | 25.3 | 27.1 | 30.6 | 37.6 | 45.3 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 427.8 | 35.0 | 16.5 | 99.5 | 571.0 | 33.5 | 13.6 | 8.9 | 46.3 | 221.0 |
| Total Current Liabilities | 1,503.3 | 1,445.9 | 1,452.1 | 1,774.9 | 2,068.1 | 983.1 | 1,040.1 | 853.5 | 762.1 | 817.4 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 3,008.3 | 1,489.2 | 1,537.6 | 1,183.5 | 2,125.4 | 3,001.6 | 3,758.9 | 5,461.7 | 4,800.1 | 4,704.0 |
| Deferred Tax Liabilities | 1,951.7 | 693.3 | 812.0 | 759.9 | 318.1 | 412.3 | 782.0 | 650.8 | 779.6 | 950.2 |
| Other Non-Current Liabilities | (1,513.4) | 79.2 | 92.2 | 405.0 | 236.3 | 158.9 | 62.2 | 63.1 | 43.5 | 55.4 |
| Total Non-Current Liabilities | 5,070.9 | 4,347.6 | 4,930.9 | 5,326.0 | 5,762.3 | 6,077.5 | 7,186.7 | 6,178.4 | 5,623.3 | 5,709.6 |
| Total Liabilities | 6,574.2 | 5,793.5 | 6,383.0 | 7,100.9 | 7,830.4 | 7,060.6 | 8,226.8 | 7,032.0 | 6,385.4 | 6,527.0 |
| Stockholders' Equity | ||||||||||
| Common Stock | 3.1 | 3.1 | 3.0 | 3.0 | 3.1 | 2.7 | 3.0 | 3.1 | 3.2 | 3.1 |
| Retained Earnings | 1,682.3 | 1,109.2 | 1,051.9 | 913.9 | (617.4) | (430.5) | 837.4 | 1,177.5 | 1,575.1 | 960.0 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 7,550.8 | 7,021.6 | 6,901.5 | 6,754.6 | 5,757.2 | 5,767.7 | 6,970.7 | 7,665.8 | 8,149.2 | 6,262.6 |
| Total Liabilities & Equity | 14,289.8 | 13,010.0 | 13,517.2 | 14,118.0 | 13,896.5 | 13,150.8 | 15,197.6 | 15,519.5 | 15,261.5 | 14,255.5 |
| Debt Metrics | ||||||||||
| Total Debt | 5,136.9 | 4,033.5 | 4,506.1 | 4,630.0 | 5,545.9 | 5,616.4 | 6,647.9 | 5,467.0 | 4,800.1 | 4,704.0 |
| Net Debt | 4,926.9 | 4,033.5 | 4,506.1 | 4,630.0 | 5,545.9 | 5,616.4 | 6,647.9 | 5,467.0 | 4,771.6 | 4,672.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 634.4 | 93.7 | 297.3 | 1,998.8 | (154.1) | (1,260.4) | (293.1) | (45.7) | 785.1 | (749.4) |
| Depreciation & Amortization | 753.6 | 765.8 | 750.1 | 719.8 | 745.8 | 865.3 | 918.6 | 975.3 | 827.2 | 812.3 |
| Stock-Based Compensation | 60.8 | 66.5 | 59.5 | 35.4 | 20.4 | 23.3 | 23.6 | 70.4 | 103.4 | 102.4 |
| Change in Working Capital | 5.9 | (24.8) | 143.3 | (62.8) | 114.7 | (109.0) | 35.5 | (25.4) | 76.0 | (32.9) |
| Other Non-Cash Items | (37.7) | 66.7 | (317.5) | (80.3) | 1,007.6 | 1,613.8 | 498.0 | 1,236.3 | 509.6 | 1,594.2 |
| Operating Cash Flow | 1,630.9 | 849.3 | 994.7 | 3,051.3 | 1,660.1 | 735.6 | 1,103.5 | 2,082.0 | 2,006.3 | 1,241.3 |
| Investing Activities | ||||||||||
| Capital Expenditure | (387.8) | (101.9) | (167.5) | (163.3) | (114.8) | (48.1) | (168.0) | (722.0) | (934.8) | (1,167.7) |
| Acquisitions | 16.3 | 0 | 0 | 0 | 0 | 125 | 371.6 | (136.5) | (235.0) | (75.5) |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | (612.2) | (973.2) | (780.3) | (596.0) | (607.0) | 9.1 | (1,492.2) | (1,291.9) | (1,152.0) |
| Investing Cash Flow | (1,077.8) | (714.2) | (1,140.8) | (943.6) | (710.8) | (530.1) | (1,041.5) | (2,350.7) | (2,461.6) | (2,395.1) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (105.3) | (24) | 382.0 | (992.9) | (857.3) | (466.5) | 690.9 | 660.4 | 90 | 32.2 |
| Stock Repurchased | (136.4) | (29.6) | (75.4) | (873.7) | (13.3) | (43.4) | (38.8) | (129.1) | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (101.4) | (81.5) | (160.6) | (241.1) | (78.8) | 304.4 | (94.6) | (291.0) | (197.9) | (126.1) |
| Financing Cash Flow | (343.1) | (135.1) | 146.0 | (2,107.7) | (949.3) | (205.6) | 557.6 | 240.3 | 452.2 | 1,162.0 |
| Cash Position | ||||||||||
| Net Change in Cash | 210 | 0 | 0 | 0 | 0 | 0 | 619.5 | 240.3 | (3.2) | 8.1 |
| Cash at Beginning | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28.4 | 31.6 | 23.5 |
| Cash at End | 210 | 0 | 0 | 0 | 0 | 0 | 619.5 | 268.7 | 28.4 | 31.6 |
| Free Cash Flow | 1,243.1 | 747.4 | 827.2 | 2,888.0 | 1,545.4 | 687.5 | 935.4 | 1,360.0 | 1,071.5 | 73.6 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||
| Revenue | 5,013.6 | 4,118.7 | 4,279.0 | 8,299.9 | 5,791.8 | 3,083.9 | 3,643.9 | 3,652.9 | 2,760.6 | 1,755.1 | 1,375.1 | 1,758.8 | 821.4 | 265.0 | 195.3 | 47.4 |
| Gross Profit | 1,108.2 | 327.3 | 612.5 | 4,592.4 | 2,255.9 | (514.4) | 311.5 | 1,078.4 | 656.8 | (54.3) | (108.3) | 702.3 | 309.2 | 45.4 | 85.7 | 15.6 |
| Operating Income | 829.7 | 0.5 | 396.2 | 2,539.3 | 23.9 | (953.4) | (987.0) | 71.9 | 740.1 | (975.8) | 1,790.3 | 1,299.7 | 341.2 | 444.0 | 531.0 | 60.3 |
| Net Income | 634.4 | 57.2 | 198.4 | 1,871.6 | (186.9) | (1,267.9) | (340.1) | (397.5) | 615.1 | (848.8) | 941.4 | 673.6 | (18.9) | (285.1) | 392.7 | 228.6 |
| EPS (Diluted) | 2.03 | 0.18 | 0.64 | 5.69 | -0.61 | -4.65 | -1.11 | -1.26 | 1.94 | -2.88 | 3.43 | 2.57 | -0.07 | -1.10 | 1.51 | 0.88 |
| Balance Sheet | ||||||||||||||||
| Cash & Equivalents | 210 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28.4 | 31.6 | ||||||
| Total Assets | 14,289.8 | 13,010.0 | 13,517.2 | 14,118.0 | 13,896.5 | 13,150.8 | 15,197.6 | 15,519.5 | 15,261.5 | 14,255.5 | ||||||
| Total Debt | 5,136.9 | 4,033.5 | 4,506.1 | 4,630.0 | 5,545.9 | 5,616.4 | 6,647.9 | 5,467.0 | 4,800.1 | 4,704.0 | ||||||
| Stockholders' Equity | 7,550.8 | 7,021.6 | 6,901.5 | 6,754.6 | 5,757.2 | 5,767.7 | 6,970.7 | 7,665.8 | 8,149.2 | 6,262.6 | ||||||
| Cash Flow | ||||||||||||||||
| Operating Cash Flow | 1,630.9 | 849.3 | 994.7 | 3,051.3 | 1,660.1 | 735.6 | 1,103.5 | 2,082.0 | 2,006.3 | 1,241.3 | ||||||
| Capital Expenditure | (387.8) | (101.9) | (167.5) | (163.3) | (114.8) | (48.1) | (168.0) | (722.0) | (934.8) | (1,167.7) | ||||||
| Free Cash Flow | 1,243.1 | 747.4 | 827.2 | 2,888.0 | 1,545.4 | 687.5 | 935.4 | 1,360.0 | 1,071.5 | 73.6 | ||||||