AR - ANTERO RESOURCES Corp

📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗
Revenue Growth YoY (%)	22.0% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+339%)	-7.6% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-252%)	-34.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-788%)	54.5% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+991%)	32.3% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+546%)	-20.8% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-516%)	6.5% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+30%)	13.2% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+165%)	109.5% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+2091%)	-55.9% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1218%)	45.4% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+807%)	107.2% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+2044%)	78.5% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1470%)	6.4% Fair Fair Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+28%)	—	—
EPS Growth YoY (%)	1038.9% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-77.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-86.9% Weak ↑ Weak Improving Year-over-year change in earnings per share Optimal: > 10%	N/M	86.9% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-318.9% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	11.9% Fair Fair Year-over-year change in earnings per share Optimal: > 10%	N/M	—	—	33.5% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	93.6% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	—	—
Net Income Growth YoY (%)	619.9% Excellent ↑ Excellent Improving Year-over-year change in net income	-72.6% Weak ↓ Weak Declining Year-over-year change in net income	-83.1% Weak ↑ Weak Improving Year-over-year change in net income	N/M	87.8% Excellent ↑ Excellent Improving Year-over-year change in net income	-330.0% Weak Weak Year-over-year change in net income	-541.4% Weak Weak Year-over-year change in net income	N/M	N/M	N/M	45.0% Excellent Excellent Year-over-year change in net income	N/M	93.4% Excellent Excellent Year-over-year change in net income	N/M	—	—
FCF Growth YoY (%)	91.9% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-17.3% Weak ↓ Weak Declining Year-over-year change in free cash flow	-51.6% Weak ↓ Weak Declining Year-over-year change in free cash flow	123.9% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	N/M	51.0% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-155.6% Weak ↓ Weak Declining Year-over-year change in free cash flow	N/M	51.1% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	13.6% Fair Fair Year-over-year change in free cash flow	-2.7% Weak Weak Year-over-year change in free cash flow	N/M	—	—	—	—
Revenue CAGR 3Y (%)	-9.6% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-2.2% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	10.3% Good ↑ Good Improving Compound annual revenue growth over 3 years	17.4% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	3.7% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	-1.5% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	36.2% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	1.5% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	10.3% Good ↓ Good Declining Compound annual revenue growth over 3 years	9.9% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	75.2% Excellent Excellent Compound annual revenue growth over 3 years	57.9% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	8.6% Good ↑ Good Improving Compound annual revenue growth over 5 years	-0.4% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	2.5% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	14.3% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	21.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	-2.5% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	10.1% Good ↓ Good Declining Compound annual revenue growth over 5 years	25.8% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	37.8% Excellent Excellent Compound annual revenue growth over 5 years	20.3% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	-30.8% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—	—	—	—	-8.8% Weak Weak Compound annual EPS growth over 3 years	—	—	19.7% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗
Operating Margin (%) (%)	16.7% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+12%)	0.0% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-100%)	9.7% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-35%)	36.1% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+140%)	0.5% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-97%)	-27.3% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-282%)	-22.4% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-249%)	1.7% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-88%)	20.2% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+35%)	-55.9% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-473%)	45.3% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+202%)	47.8% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+218%)	26.0% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+73%)	60.4% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+302%)	76.8% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+412%)	—
Effective Tax Rate (%) (%)	24.2% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	482.6% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	18.2% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	18.1% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	32.5% Weak ↓ Weak Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.0% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.2% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	73.8% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-60.2% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	39.8% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	37.0% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	39.8% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—
Profit Margin (%) (%)	12.8% Fair → Fair Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+60%)	2.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-73%)	7.3% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-9%)	28.4% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+255%)	-3.3% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-142%)	-36.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-551%)	-6.6% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-183%)	-1.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-114%)	21.5% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+168%)	-43.0% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-637%)	24.8% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+210%)	24.8% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+211%)	-1.4% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-118%)	-38.7% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-584%)	56.8% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+610%)	—
FCF Margin (%) (%)	30.9% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	19.6% Good ↓ Good Declining Free cash flow as a percentage of revenue Optimal: > 10%	21.2% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	29.5% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	20.4% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	-4.0% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-7.2% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-3.1% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	54.9% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	71.2% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	25.7% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	36.7% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	-162.7% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	45.2% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	38.5% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	2.42x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	9.06x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	2.91x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.04x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	-6.13x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.11x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.09x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	2.81x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	2.56x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-1.66x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.04x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.48x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	112.88x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-1.17x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	0.68x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗
Return on Invested Capital (%)	7.5% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	-0.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	4.4% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	26.5% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	0.2% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-8.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-7.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	0.1% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	9.2% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	-5.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	10.6% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	8.9% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	7.5% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	21.0% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	21.4% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	6.7% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	0.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	18.2% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	0.2% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-7.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-6.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	4.8% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	-6.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	12.7% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	11.2% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	5.2% Caution Caution Operating profit relative to total assets Optimal: > 10%	12.3% Good Good Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	8.9% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-26%)	1.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-89%)	4.9% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-59%)	30.0% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+150%)	-2.7% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-122%)	-21.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-282%)	-4.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-135%)	-0.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-105%)	9.6% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-20%)	-12.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-200%)	16.5% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+38%)	15.4% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+28%)	-0.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-104%)	-17.0% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-242%)	20.0% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+67%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗
Debt to Equity (x)	0.19x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-63%)	0.21x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-58%)	0.22x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-56%)	0.18x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-65%)	0.37x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-26%)	0.52x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	0.54x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+8%)	0.71x Fair → Fair Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+42%)	0.59x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+18%)	0.75x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+50%)	0.79x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+57%)	1.00x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+99%)	—	—	—	—
Interest Coverage (x)	10.03x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	0.00x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	3.98x Fair → Fair Stable Operating income divided by interest expense Optimal: > 5x	16.61x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	0.17x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-4.96x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-4.40x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.26x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	2.75x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	-3.85x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	7.64x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	8.12x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	2.50x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	4.55x Fair Fair Operating income divided by interest expense Optimal: > 5x	7.14x Good Good Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$1.40B	$1.49B	$1.54B	$1.18B	$2.13B	$3.00B	$3.76B	$5.46B	$4.77B	$4.67B	$4.65B	$4.12B	$-17.49M	$-18.99M	$-3.34M	$-8.99M
Debt / EBITDA (x)	0.86x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.95x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.35x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.36x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.78x Fair ↑ Fair Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-32.78x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-52.08x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.23x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.07x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-28.35x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.87x Good Good Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.45x Fair Fair Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗
Revenue per Share (USD)	$17.03	$13.98	$15.62	$23.24	$14.99	$12.82	$14.39	$13.10	$11.59	$5.91	$14.43	$10.38	$5.01	—	—	—
Basic EPS, GAAP (USD)	$2.05	$0.18	$0.81	$6.18	$-0.61	$-4.65	$-1.11	$-1.26	$1.95	—	$3.43	$2.57	$-0.07	$-1.09	$1.50	—
Free Cash Flow per Share (USD)	$5.27	$2.74	$3.32	$6.86	$3.06	$-0.51	$-1.04	$-0.41	$6.36	$4.21	$3.71	$3.81	$-8.15	—	—	—
Book Value per Share (USD)	$24.48	$22.57	$23.00	$22.72	$18.34	$21.47	$23.55	$24.84	$25.76	$19.89	$21.42	$16.73	$16.04	$6.39	—	—
Tangible Book Value per Share (USD)	$24.48	$22.57	$23.00	$22.72	$18.34	$21.47	$23.55	$24.84	$25.76	$19.89	$21.42	$16.73	$16.04	$6.39	—	—
Basic Weighted Avg Shares (shares)	309.72M	309.49M	299.79M	307.20M	308.15M	272.43M	306.40M	316.04M	315.43M	294.94M	274.12M	262.05M	262.05M	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗
Working Capital (USD)	$-671.53M	$-938.38M	$-976.40M	$-987.38M	$-1.38B	$-408.92M	$-117.25M	$-46.93M	$70.99M	$-414.80M	$540.97M	$357.43M	$-288.67M	$-101.69M	—	—
LT Debt (USD)	$1.40B	$1.49B	$1.54B	$1.18B	$2.13B	$3.00B	$3.76B	$5.46B	$4.80B	$4.70B	$4.67B	$4.36B	—	—	—	—
Total Equity (USD)	$7.55B	$7.02B	$6.98B	$6.75B	$5.76B	$5.77B	$6.97B	$7.67B	$8.15B	$6.26B	$5.93B	$4.38B	$3.60B	$1.67B	$1.96B	$1.59B

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗
Sales/Revenue/Turnover (USD)	$5.28B	$4.33B	$4.68B	$7.14B	$4.62B	$3.49B	$4.41B	$4.14B	$3.66B	$1.74B	$3.95B	$2.72B	$1.31B	$735.72M	$691.35M	—
Depreciation Expense (USD)	$749.67M	$762.07M	$689.97M	$680.60M	$742.01M	$861.87M	$914.87M	$972.47M	$824.61M	$809.87M	$709.76M	$477.90M	$233.88M	$102.03M	$55.72M	—
Net Income, GAAP (USD)	$674.57M	$93.70M	$341.84M	$2.03B	$-154.11M	$-1.26B	$-293.14M	$-45.70M	$785.14M	$-749.45M	$980.00M	$675.84M	$-18.93M	$-285.07M	$392.68M	—
Operating Cash Flow (USD)	$1.63B	$849.29M	$994.72M	$3.05B	$1.66B	$735.64M	$1.10B	$2.08B	$2.01B	$1.24B	$1.02B	$998.12M	$534.71M	$332.25M	$266.31M	—

ANTERO RESOURCES Corp

Analytical Summary

16-Year Financial Trajectory

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