Antero Resources stock | 2026 earnings growth & current analysis

Antero Resources

NYSE:AR

$ 37,13

$-0,22 (-0,59%)

37,13 $

$-0,22 (-0,59%)

End-of-day quote: 12/10/2025

Antero Resources Stock Value

Analysts currently rate NYSE:AR as Outperform.

Outperform

Antero Resources Company Info

EPS Growth 5Y

42,02%

Market Cap

$11,45 B

Long-Term Debt

$1,49 B

Short Interest

2,77%

Annual earnings

02/12/2026

Dividend

$0,00

Dividend Yield

0,00%

Founded

2002

Industry

Energy

Country

United States

ISIN Number

US03674X1063

Website

http://www.anteroresources.com

Analyst Price Target

$44,50

19.85%

Last Update: 12/11/2025

Analysts: 21

Highest Price Target $55,00

Average Price Target $44,50

Lowest Price Target $26,00

In the last five quarters, Antero Resources’s Price Target has risen from $36,21 to $44,41 - a 22,65% increase. Fiveteen analysts predict that Antero Resources’s share price will increase in the coming year, reaching $44,50. This would represent an increase of 19,85%.

Top growth stocks in the energy sector (5Y.)

What does Antero Resources do?

Antero Resources Corporation (Antero) engages in the development, production, exploration, and acquisition of natural gas, NGLs, and oil properties located in the Appalachian Basin. The company owns interests in properties located onshore in West Virginia, Ohio, and Pennsylvania. The company targets large, repeatable resource plays where horizontal drilling and advanced fracture stimulation technologies provide the means to economically develop and produce natural gas, NGLs, and oil from unconv...

The company targets large, repeatable resource plays where horizontal drilling and advanced fracture stimulation technologies provide the means to economically develop and produce natural gas, NGLs, and oil from unconventional formations. As of December 31, 2024, the company held approximately 521,000 net acres of natural gas, NGLs and oil properties located in the Appalachian Basin primarily in West Virginia and Ohio.

Antero Midstream is a growth-oriented midstream energy company formed to own, operate and develop midstream energy assets that primarily service the company’s completion and production activity in the Appalachian Basin. Antero Midstream’s assets consist of gathering systems and compression facilities, water handling and blending facilities, and interests in processing and fractionation plants, through which it provides services to the company under long-term contracts.

The company has an interest in Antero Midstream that provides significant influence, but not control, over Antero Midstream. As of December 31, 2024, the company owned 29% of Antero Midstream’s common stock.

The company operates in the following reportable segments: the Exploration, Development and Production of Natural Gas, NGLs and oil; Marketing of Excess Firm Transportation Capacity; and Midstream Services Through its Equity Method Investment in Antero Midstream.

Business Strategy

The company’s strategies include focused, long-lived asset base with sufficient takeaway capacity; integrated business platform; culture of continuous improvement and responsible stewardship; and utilizing a hedging program.

Drilling Partnerships

2021-2024 Drilling Partnership

On February 17, 2021, the company announced the formation of a drilling partnership with QL Capital Partners (‘QL’), an affiliate of Quantum Energy Partners, for its 2021 through 2024 drilling program. Under the terms of the arrangement, each year in which QL participates represents an annual tranche, and QL will be conveyed a working interest in any wells spud by the company during such tranche year. The company develops and manages the drilling program associated with each tranche, including the selection of wells.

2025 Drilling Partnership

On December 11, 2024, the company entered into a drilling partnership with an unaffiliated third-party (the 2025 Drilling Partnership).

Gathering and Compression

The substantial majority of the company’s exploration and development activities are supported by the natural gas gathering and compression assets of Antero Midstream. As a result, the company’s agreements with Antero Midstream allow it to obtain the necessary gathering and compression capacity for its production, and it has leveraged its relationship with Antero Midstream to support its development. The company has dedicated to Antero Midstream substantially all of its acreage in West Virginia and Ohio for gathering and compression services.

As of December 31, 2023, Antero Midstream’s gathering, and compression systems included 631 miles of gas gathering pipelines and 4.5 Bcf/d of compression capacity in the Appalachian Basin. The company also has access to additional third-party gas gathering pipelines. The gathering, compression and dehydration services provided by third parties are contracted on a fixed-fee basis.

Natural Gas Processing

Many of the company’s wells in the Appalachian Basin allow it to produce liquids-rich natural gas that contains a significant amount of NGLs.

The company contracts with MarkWest to provide cryogenic processing capacity for its Appalachian Basin production. Antero Midstream owns a 50% interest in the Joint Venture to develop processing and fractionation assets in Appalachia.

Transportation and Takeaway Capacity

The company has entered into firm transportation agreements with various pipelines that enable it to deliver natural gas to the Midwest, Gulf Coast, Eastern Regional, and Mid-Atlantic markets. The company’s primary firm transportation commitments include the following:

Midwest-Chicago Regional Markets

The company has several firm transportation contracts with pipelines that have capacity to deliver natural gas to the Chicago and Michigan markets. The Chicago directed pipelines include the Rockies Express Pipeline (‘REX’), the Midwestern Gas Transmission pipeline (‘MGT’), the Natural Gas Pipeline Company of America pipeline (‘NGPL’), and the ANR Pipeline Company pipeline (‘ANR Chicago’). The firm transportation contract on REX provides firm capacity for 400,000 MMBtu/d and delivers gas to downstream contracts on MGT, NGPL and ANR Chicago.

The company has 125,000, 75,000 and 200,000 MMBtu/d of firm transportation on MGT, NGPL and ANR Chicago, respectively. The MGT and NGPL contracts deliver gas to the Chicago city gate area and the ANR Chicago contract delivers natural gas to Chicago in the summer and Michigan in the winter. The Chicago and Michigan contracts expire at various dates from 2029 through 2033.

Gulf Coast, Atlantic Seaboard and International Markets

The company has firm transportation contracts with various pipelines to access the Gulf Coast, Atlantic Seaboard and international markets. These contracts include firm capacity on the following pipelines: Columbia Gas Transmission Pipeline (TCO); Columbia Gulf Transmission Pipeline (Columbia Gulf); Stonewall Gas Gathering (SGG); Eastern Gas Transmission and Storage Pipeline (EGTS); Tennessee Gas Pipeline (Tennessee); ANR Pipeline (ANR Gulf); Rover Pipeline (Rover); Mountaineer Xpress Pipeline (MXP); Columbia Gas Transmission IPP Pool (TCO IPP); Gulf Xpress Pipeline (GXP); Enterprise Products Partners ATEX Pipeline (ATEX); and Sunoco Pipeline (Mariner East 2). The company’s diverse portfolio of firm capacity gives it the flexibility to move natural gas to the local Appalachia market or other preferred markets with more favorable pricing. These firm capacity contracts include:

TCO and TCO west bound (TCO WB) firm capacity of approximately 433,000 MMBtu/d and 746,000 MMBtu/d respectively, and its TCO WB increases to approximately 800,000 MMBtu/d in 2027. This firm transportation provides it with access to the local Appalachia and the Gulf Coast markets via the Tennessee and Columbia Gulf pipelines. The company has 430,000 MMBtu/d of firm transportation on Columbia Gulf. These contracts expire at various dates from 2027 through 2058.

TCO east bound firm capacity of approximately 356,000 MMBtu/d that delivers; 330,000 MMBtu/d of natural gas to the Cove Point LNG facility and approximately 26,000 MMBtu/d to the Atlantic Seaboard. These contracts expire at various dates from 2029 to 2038.

SGG firm capacity of 900,000 MMBtu/d that transports gas from various gathering system interconnection points and the MarkWest Sherwood plant complex to the TCO WB System through 2030. However, the company’s SGG minimum volume commitment decreases to 600,000 MMBtu/d in 2027.

MXP firm capacity of 700,000 MMBtu/d that transports gas from the MarkWest Sherwood plant complex to Tennessee or Leach, Kentucky. It has approximately 183,000 MMBtu/d on GXP, which continues from Leach, Kentucky to the Gulf Coast. These contracts expire in 2034.

Rover Pipeline firm capacity of 870,000 MMBtu/d, which decreases to 840,000 MMBtu/d in 2026, that connects the Appalachian Basin to Midwest and Gulf Coast markets via the ANR Chicago and ANR Gulf segments. These contracts expire at various dates from 2025 to 2033.

EGTS firm capacity of 1,000 MMBtu/d through 2027 from the MarkWest Sherwood plant complex to the Texas Eastern Transmission Corporation Pipeline.

Tennessee firm capacity of 790,000 MMBtu/d, which decreases to 200,000 MMBtu/d in 2030, to deliver natural gas from the Broad Run interconnect on TCO WB to the Gulf Coast market. These contracts expire at various dates from 2030 to 2033.

ANR Gulf firm capacity of 600,000 MMBtu/d to deliver natural gas from West Virginia and Ohio to the Gulf Coast market. This contract expires in 2045.

ATEX firm capacity of 20,000 Bbl/d to deliver ethane to Mont Belvieu, Texas. This contract expires in 2028.

Mariner East 2 firm capacity for ethane of 11,500 Bbl/d and propane and butane of 65,000 Bbl/d to deliver to Marcus Hook, Pennsylvania. These contracts expire in 2028 and 2029, respectively. Mariner East 2 provides access to international markets via trans-ocean LPG carriers.

Delivery Commitments

The company has entered into various firm sales contracts to deliver and sell gas and NGLs.

Water Handling Operations

The company’s agreements with Antero Midstream allow it to obtain fresh water for use in its drilling and completion operations, as well as services to dispose of flowback and produced water resulting from its operations.

Antero Midstream owns two independent fresh water distribution systems that distribute fresh water from the Ohio River and several regional water sources, for well completion operations in the Appalachian Basin. These systems consist of permanent buried pipelines, portable surface pipelines and water storage facilities, as well as pumping stations to transport the water throughout the pipeline networks. The surface pipelines are moved to well pads to service completion operations to the extent necessary and feasible. Through Antero Midstream, the company also recycles and reuses the majority of its flowback and produced water through blending.

As of December 31, 2024, Antero Midstream owned and operated 233 miles of buried water pipelines and 163 miles of portable surface water pipelines in the Appalachian Basin. Additionally, as of December 31, 2024, Antero Midstream had the ability to store approximately 5 million barrels of fresh water in 34 impoundments equipped with transfer pumps located throughout its leasehold acreage.

Regulation

The transportation and sale, or resale, of natural gas in interstate commerce are regulated by the FERC, under the Natural Gas Act of 1938 (NGA), the Natural Gas Policy Act of 1978 (NGPA), and regulations issued under those statutes. FERC regulates interstate natural gas transportation rates and service conditions, which affects the marketing of natural gas that the company produces, as well as the revenues it receives for the sale of its natural gas.

With regard to the company’s physical sale of these energy commodities and any related hedging activities that it undertakes, it is required to observe anti-market manipulation laws and related regulations enforced by the FERC as described below, the U.S. Commodity Futures Trading Commission under the Commodity Exchange Act (CEA) and the Federal Trade Commission (FTC).

When the company permits a facility, it installs air pollution control equipment to comply with federal Clean Air Act NSPS and applicable Best Available Control Technology standards.

The company is also subject to the requirements of the federal Occupational Safety and Health Act, as amended (OSHA), and comparable state laws that regulate the protection of the health and safety of employees. In addition, OSHA’s hazard communication standard, the Emergency Planning and Community Right to Know Act and implementing regulations and similar state statutes and regulations require that information be maintained about hazardous materials used or produced in its operations and that this information be provided to employees, state and local government authorities, and citizens.

History

The company was founded in 2002. It was incorporated in 2002. The company was formerly known as Antero Resources Appalachian Corporation and changed its name to Antero Resources Corporation in 2013.

Antero Resources Questions and Answers

Which sectors generate sales and which are the top 3 markets?

Main industries for revenues: Natural gas production Liquefied natural gas (LNG) Crude oil and condensates TOP 3 markets and their percentage shares: USA: approx. 70% Europe: approx. 15% Asia: approx. 10% Antero Resources Corporation generates the majority of its revenues from natural gas produc...

At which locations are the company’s products manufactured?

Production Sites: Marcellus Shale, Utica Shale Antero Resources Corporation is a leading company in the exploration and production of natural gas and natural gas liquids. The company's main production facilities are located in the Marcellus Shale and Utica Shale regions in the United States. These a...

What strategy does Antero Resources pursue for future growth?

Strategy for Future Growth: Diversification and Cost Optimization (2025) Antero Resources Corporation is pursuing a strategy of diversifying its product range and optimizing operational costs. The company plans to increase its natural gas production while reducing costs through technological innovat...

Which raw materials are imported and from which countries?

Main raw materials: Natural gas, natural gas liquids (NGLs) Antero Resources Corporation is primarily engaged in the exploration and production of natural gas and natural gas liquids. The company focuses on extracting these resources in the United States, particularly in the Marcellus and Utica shal...

How strong is the company’s competitive advantage?

Market share in the industry: 8% (2024, estimated) Cost structure: 10% below the industry average (2024, estimated) Reserve growth: 5% (2023) Antero Resources Corporation has a significant competitive advantage due to its efficient cost structure, which is approximately 10% below the industry aver...

What is the share of institutional investors and insider buying/selling?

Institutional Investor Share: approx. 75% (estimated for 2025 based on historical data) Insider Buys/Sells: No significant transactions in the last year (estimated for 2025) The institutional investor share in Antero Resources Corporation traditionally stands at around 70-80%, indicating the interes...

What percentage market share does Antero Resources have?

Market share of Antero Resources Corporation: Estimated at around 3-4% (2025) Top competitors and their market shares: ExxonMobil (NYSE:XOM): around 15% Chevron Corporation (NYSE:CVX): around 13% ConocoPhillips (NYSE:COP): around 10% EOG Resources, Inc. (NYSE:EOG): around 8% Pioneer Natural Resourc...

Is Antero Resources stock currently a good investment?

Revenue Growth: 10% (2024) Profit Growth: 8% (2024) Free Cash Flow: 1.2 billion USD (2024) Antero Resources Corporation recorded a revenue growth of 10% in 2024, attributed to increased production and favorable market conditions in the energy sector. Profit growth was at 8%, indicating efficient cos...

Does Antero Resources pay a dividend – and how reliable is the payout?

Dividend payment: None (as of 2025) Antero Resources Corporation (NYSE:AR) has not paid any dividends in the past and is known for reinvesting profits into business expansion and debt reduction. The company's strategy focuses on optimizing production costs and maximizing cash flow to increase long-t...

Antero Resources Stock Value

Antero Resources Company Info

Analyst Price Target

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What does Antero Resources do?

Antero Resources Questions and Answers

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