Reading the tape
NYSE: AR
Antero Resources Corporation
Energy · Oil & Gas Exploration & Production
Market Cap
$11.69B
52w High
$45.75
52w Low
$29.10
P/E
18.50
Volume
4.50M
Outstanding Shares
308.53M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 18.7%Revenue (TTM): 26.35%FCF (TTM): 65.73%P/FCF: 72nd pct
What changed
The stock rose 18.7% over the last year. Revenue grew 26.35% over the trailing twelve months. Operating margin moved from -0.85% to 17.26%. Free cash flow grew 65.73% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (72nd percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 17.26% — continued expansion would be needed to justify the premium. Revenue growth of 26.35% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States.
CEOMichael N. Kennedy
SectorEnergy
IndustryOil & Gas Exploration & Production
Employees616
IPO dateOct 10, 2013
Valuation
Forward P/E—
EV/EBITDA9.21
Enterprise value$15.6B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth24.62%
Gross margin23.05%▲179.82%vs FY2024
Operating margin17.26%▲159540.72%vs FY2024
ROE8.4%▲930.92%vs FY2024
Analyst consensus
RatingBuy
Target price$45.25▲19.42%
34
Buy
16
Hold
0
Sell
⚠ Analyst ratings tend to be lagging indicators — upgrades often follow price gains rather than precede them. Use as one signal among many.
Earnings
Last 3 reported quarters plus the next estimate. Switch into compare mode to inspect one metric year-over-year.
Next report
Apr 29, 2026
View
EPS
Actual vs estimate by quarter
Q3FY25
ActualEst.
$0.35
$0.42
Q4FY25
ActualEst.
$0.15
$0.22
Q1FY26
ActualEst.
$0.42
$0.50
Q2FY26
Next Est.
—
Revenue
Actual vs estimate by quarter
Q3FY25
ActualEst.
$1.2B
$1.24B
Q4FY25
ActualEst.
$1.17B
$1.41B
Q1FY26
ActualEst.
$1.41B
$1.31B
Q2FY26
Next Est.
—