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Earnings transcript
Read the complete earnings call transcript.
AR
Antero Resources Corporation
$34.63
-0.9
(-2.52%)
| Exchange: | NYSE |
| Market Cap: | 10.728B |
| Shares Outstanding: | 260.1M |
Delayed data
About The Company
| Sector: | Energy | |||||
| Industry: | Oil & Gas Exploration & Production | |||||
| CEO: | Michael N. Kennedy | |||||
| Full Time Employees: | 616 | |||||
| Address: |
| |||||
| Website: | https://www.anteroresources.com |
Antero Resources Corporation functions as an independent energy enterprise, primarily engaged in identifying, acquiring, developing, and extracting natural gas, natural gas liquids (NGLs), and crude oil deposits throughout the United States. As of the close of 2021 (December 31st), the company held significant land positions, including roughly 502,000 net acres within the Appalachian Basin and an additional 174,000 net acres in the Upper Devonian Shale. Its infrastructure in the Appalachian Basin also featured 494 miles of operational gas gathering pipelines and 21 compressor stations. The firm’s estimated proven reserves were substantial, totaling 17.7 trillion cubic feet of natural gas equivalent. This quantity was composed of 10.2 trillion cubic feet of natural gas, 718 million barrels of ethane expected to be recovered, 501 million barrels of other NGLs (such as propane, isobutane, normal butane, and natural gasoline), and 36 million barrels of oil. Established in 2002, Antero Resources Corporation originally operated under the name Antero Resources Appalachian Corporation, adopting its current identity in June 2013. The company’s main office is situated in Denver, Colorado.
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Revenue Segmentation
EPS
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Earnings Call
AI summary
Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 4,278,974 | 4,118,695 | 5,013,610 |
| Gross Profit | 612,471 | 327,333 | 1,108,250 |
| EBITDA | 1,228,918 | 859,546 | 1,727,683 |
| Operating Income | 396,247 | 460 | 829,701 |
| Net Income | 198,404 | 57,226 | 634,418 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 13,517,239 | 13,010,050 | 13,245,407 |
| Total Liabilities | 6,383,025 | 5,793,517 | 5,529,758 |
| Total Stockholders Equity | 6,901,516 | 7,021,650 | 7,550,827 |
| Total Debt | 4,506,106 | 4,033,461 | 3,526,520 |
| Cash and Cash Equivalents | 0 | 0 | 0 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 994,721 | 849,288 | 1,630,930 |
| Capital Expenditure | -167,517 | -101,924 | 0 |
| Free Cash Flow | 827,204 | 747,364 | 1,630,930 |
| Net Income | 242,919 | 93,697 | 634,418 |
| Net Change in Cash | 0 | 0 | 210,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 6,791,897.212 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 8,014,569.675 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 7,507,000 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 1,843,439.206 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 2,175,293.809 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 2,037,530.558 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 1,510,712.116 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 1,875,787.159 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 1,724,232.725 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 772,314.908 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 911,346.483 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 853,630.117 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 5.520 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 6.010 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 4.840 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 3 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 2 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Revenue Performance: AR demonstrates strong revenue figures as reported in the latest income statements, with consistent growth in key product categories and geographic segments, reflecting a solid market presence and customer demand.
- Healthy Free Cash Flow: The cash flow statements indicate a strong free cash flow yield (freeCashFlowYieldTTM), suggesting efficient capital management and the ability to fund operations, investments, and potential dividends without relying heavily on external financing.
- Positive Industry Positioning: AR benefits from favorable industry and sector performance trends (industry_perf1y, sector_perf1y), outperforming peers in key metrics, which enhances its competitive standing within the sector.
- Innovation and Customer Satisfaction Focus: Insights from the latest earnings call transcript highlight AR's commitment to long-term investments in innovation and high customer satisfaction, as noted in the Q2 FY2025 summary, positioning the company for sustained brand loyalty.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates AR intrinsic value between $33.53 – $35.09 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about AR valuation
Is Antero Resources Corporation (AR) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Antero Resources Corporation (AR) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is AR a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether AR trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is AR’s P/E ratio?
You can see AR’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for AR?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is AR a good long-term investment?
Whether AR fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
AR
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Daily snapshot
-2.52
Trading Metrics:
| Open: | 35.33 | Previous Close: | 35.52 | |
| Day Low: | 34.53 | Day High: | 35.47 | |
| Year Low: | 29.1 | Year High: | 45.75 | |
| Price Avg 50: | 37.95 | Price Avg 200: | 35.33 | |
| Volume: | 677389 | Average Volume: | 5.452M |
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