Antero Resources Corporation (AR) Stock

Antero Resources Corporation (AR) is a Energy stock trading at $37.67 (as of 2026-08-20), with a market capitalization of $11.58B and a trailing P/E of 7.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Antero Resources Corporation is an independent oil and natural gas company that acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States, primarily in the Appalachian Basin and the Upper Devonian Shale. It also owns and operates natural gas gathering pipelines and compressor stations.

Understand Antero Resources Corporation: how it makes money

Antero Resources produces and sells natural gas, natural gas liquids, and oil from its U.S. Appalachian Basin acreage, and it also owns and operates gas gathering pipelines and compressor stations to move that production to market.

For an independent oil and natural gas producer, the profit engine is volume delivery over time, so operating performance is tightly linked to maintaining Net Natural Gas Equivalent Production while managing Natural Gas Volumes Decline.

Business quality (Strong): Clear business model (producing gas, NGLs, and oil, with midstream assets). Segment breakdown is not available from the provided facts, so investors should focus on the operational KPIs tied to production volumes and decline, plus operational reliability.

Valuation: At 11× earnings, AR trades 35% below the Petroleum & Natural Gas average (17×). Note: one-time items can distort reported P/E.

Bull case

Scale and footprint in core basins: The company has approximately 502,000 net acres in the Appalachian Basin and 174,000 net acres in the Upper Devonian Shale, supporting ongoing production activity.
Midstream support for produced gas: Antero owns and operates 494 miles of gas gathering pipelines and 21 compressor stations in the Appalachian Basin, which can help support gas handling and transportation from its properties.
Operational reliability: Operational Uptime is listed at 100.0% in the provided operating metrics.

Bear case

Production volume decline is a structural headwind: Natural Gas Volumes Decline is listed at 4.0 percent in the provided operating metrics, which can pressure production-led results over time.
Limited evidence of added acreage from the provided snapshot: Net Acres Added and Land Leased are shown as 5,400.0 and 0.0 respectively in the provided operating metrics, which may indicate less incremental land monetization or expansion visibility in the dataset.
Non-core revenue line appears absent: Third-party Water Revenues are shown as 0.0 in the provided data, implying limited diversification from that specific revenue stream.

Valuation — source: SEC EDGAR (first-party)
Price	$37.67
Market Cap	$11.58B
P/E Ratio	7.9
EV / EBITDA	5.0
Price / Book	1.39
Price / Sales	1.74
DCF Value (model)	$24.33
DCF Upside vs Price	-35.4%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$5.28B
Net Margin	12.8%
Revenue Growth (YoY)	22.0%
EPS Growth (YoY)	1038.9%

Financial Health — source: SEC EDGAR
Altman Z-Score	2.00 (grey)

Valuation vs Sector & Industry
Stock P/E	7.9
Sector P/E (Energy)	16.8
Industry P/E (Petroleum & Natural Gas)	16.7
vs Sector	-53.0%
vs Industry	-52.6%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($1.16B)
Institutional Holders Tracked	10
Congressional Trades (recent)	4

Company
Sector	Energy
Industry	Petroleum & Natural Gas
CEO	Michael N. Kennedy
Employees	616
Country	US
IPO Date	2013-10-10

Related Companies (Business model: Exploration & Production (Upstream Oil & Gas); 8 closest by market cap; US-domiciled)

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.