ANTERO RESOURCES CorpAREarnings & Financial Report
Antero Resources Corporation is an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado. The company's reserves are entirely in the Appalachian Basin and are extracted using hydraulic fracturing.
Revenue
$1.2B
Gross Profit
N/A
Operating Profit
$57.8M
Net Profit
$158.8M
Gross Margin
N/A
Operating Margin
4.9%
Net Margin
13.6%
YoY Growth
-2.1%
EPS
$0.48
ANTERO RESOURCES Corp Q4 FY2024 Financial Summary
ANTERO RESOURCES Corp reported revenue of $1.2B (down 2.1% YoY) for Q4 FY2024, with a net profit of $158.8M (up 122.4% YoY) (13.6% margin).
Key Financial Metrics
| Total Revenue | $1.2B |
|---|---|
| Net Profit | $158.8M |
| Gross Margin | N/A |
| Operating Margin | 4.9% |
| Report Period | Q4 FY2024 |
Revenue Breakdown
ANTERO RESOURCES Corp Q4 FY2024 revenue of $1.2B breaks down across 4 segments, led by Natural Gas Production at $543.8M (46.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Natural Gas Production | $543.8M | 46.5% |
| Natural Gas Liquids Sales C3Ngls | $467.9M | 40.0% |
| Natural Gas Liquids Sales Ethane | $87.8M | 7.5% |
| Oil And Condensate | $49.1M | 4.2% |
ANTERO RESOURCES Corp Revenue by Segment — Quarterly Trend
ANTERO RESOURCES Corp revenue by segment across the last 4 reported quarters, showing how each business line (such as Natural Gas Production and Natural Gas Liquids Sales C3Ngls) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Natural Gas Production | $773.6M | $630.9M | $688.8M | $780.0M |
| Natural Gas Liquids Sales C3Ngls | $378.1M | $384.1M | $402.2M | — |
| Natural Gas Liquids Sales Ethane | $96.1M | $86.3M | $78.5M | $94.5M |
| Oil And Condensate | $34.8M | $31.4M | $33.7M | $50.3M |
ANTERO RESOURCES Corp Annual Revenue by Year
ANTERO RESOURCES Corp annual revenue history includes year-by-year totals (for example, 2025 revenue was $5.3B).
| Year | Annual Revenue |
|---|---|
| 2025 | $5.3B |
| 2024 | $4.3B |
| 2023 | $4.7B |
| 2022 | $7.1B |
ANTERO RESOURCES Corp Quarterly Revenue & Net Profit History
ANTERO RESOURCES Corp results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $1.4B | +20.8% | $202.9M | 14.4% |
| Q3 FY2025 | $1.2B | +15.0% | $85.6M | 7.1% |
| Q2 FY2025 | $1.3B | +32.6% | $166.6M | 12.8% |
| Q1 FY2025 | $1.4B | +20.5% | $219.5M | 16.2% |
| Q4 FY2024 | $1.2B | -2.1% | $158.8M | 13.6% |
| Q3 FY2024 | $1.1B | -6.2% | $-25.2M | -2.4% |
| Q2 FY2024 | $978.7M | +2.7% | $-74.6M | -7.6% |
| Q1 FY2024 | $1.1B | -20.3% | $34.7M | 3.1% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.12B | $978.7M | $1.06B | $1.17B | $1.35B | $1.30B | $1.21B | $1.41B |
| YoY Growth | -20.3% | 2.7% | -6.2% | -2.1% | 20.5% | 32.6% | 15.0% | 20.8% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $13.55B | $13.42B | $13.22B | $13.01B | $13.05B | $12.77B | $12.91B | $13.25B |
| Liabilities | $6.28B | $6.22B | $6.04B | $5.79B | $5.64B | $5.28B | $5.39B | $5.53B |
| Equity | $7.05B | $6.99B | $6.98B | $7.02B | $7.22B | $7.31B | $7.35B | $7.55B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $261.6M | $143.5M | $166.2M | $278.0M | $457.7M | $492.4M | $310.1M | $370.7M |