Antero Resources Corporation
(NYSE:AR)

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. As of December 31, 2019, the company had approximately 451,000 net acres in the southwestern core of the...

Website: http://www.anteroresources.com

Founded: 2002

Full Time Employees: 520

Sector: Energy

Industry: Oil & Gas E&P

Energy

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Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-09-30

revenue and other:
natural gas sales	1,311,476,000	773,596,000	630,887,000	688,753,000	780,005,000	543,794,000	425,802,000	374,568,000	474,133,000	570,690,000	516,214,000	437,130,000	668,315,000	1,229,594,000	1,736,039,000	1,558,994,000	995,792,000	1,210,470,000	884,669,000	626,520,000	720,369,000	595,151,000	436,304,000	367,415,000	411,082,000	512,076,000	524,448,000	553,372,000	657,266,000	789,615,000	527,122,000	473,540,000	497,663,000	439,222,000	409,141,000	454,257,000	466,664,000	411,814,000	364,373,000	229,787,000	254,776,000		253,975,000	242,065,000	314,942,000	364,472,000	310,390,000	314,151,000	312,336,000	182,125,000
natural gas liquids sales	503,649,000	474,259,000	470,392,000	480,757,000	561,432,000	555,722,000	504,200,000	489,191,000	517,862,000	461,212,000	482,570,000	397,733,000	495,435,000	515,148,000	620,816,000	702,388,000	660,305,000	644,472,000	598,327,000	464,381,000	440,319,000	364,387,000	327,426,000	212,197,000	257,673,000	316,556,000	284,958,000	303,963,000	313,685,000	349,353,000	338,269,000	255,985,000	234,170,000	280,437,000	224,533,000	170,819,000	194,652,000	68,684,000	106,958,000	94,713,000	73,065,000		50,092,000	59,525,000	78,786,000		91,111,000	79,768,000	73,928,000	31,956,000
oil sales	46,695,000	34,772,000	31,351,000	33,700,000	50,335,000	49,128,000	52,724,000	63,458,000	64,717,000	74,744,000	62,629,000	57,962,000	51,811,000	56,169,000	67,025,000	89,185,000	63,294,000	47,906,000	56,734,000	51,906,000	44,686,000	34,037,000	34,265,000	8,322,000	35,646,000	39,874,000	40,561,000	49,062,000	48,052,000	58,309,000	59,722,000	38,873,000	30,273,000	28,196,000	26,527,000	26,512,000	26,960,000	19,607,000	14,793,000	16,740,000	10,179,000		20,138,000	23,032,000	12,457,000	18,021,000	29,304,000	35,633,000	24,122,000	8,473,000
commodity derivative fair value gains	35,023,000	90,068,000	39,243,000	53,409,000	-71,671,000	-21,498,000	18,368,000	-5,585,000	9,446,000	28,400,000	3,448,000	8,284,000	126,192,000								-177,756,000	196,851,000	-514,751,000	-168,015,000	565,833,000	-7,875,000	220,788,000	328,427,000	-77,368,000	-222,387,000	57,019,000	55,336,000		178,430,000	-65,957,000	85,641,000	438,775,000	-639,805,000	530,334,000		279,924,000		1,079,071,000		759,554,000	931,921,000	308,975,000			161,968,000
marketing	41,661,000	31,697,000	34,902,000	33,743,000	25,558,000	33,971,000	47,160,000	49,418,000	48,520,000	50,732,000	53,068,000	43,793,000	58,529,000	81,585,000	159,985,000	106,150,000	69,038,000	155,993,000	232,685,000	165,453,000	164,790,000	108,717,000	91,497,000	64,285,000	46,073,000	91,296,000	46,645,000	63,080,000	91,186,000	64,712,000	89,598,000	160,202,000	144,389,000	91,386,000	50,767,000	49,968,000	65,924,000	105,855,000	97,076,000	90,902,000	99,216,000		35,633,000	49,829,000	57,780,000	30,556,000	17,835,000	1,987,000
amortization of deferred revenue, vpp	5,795,000	6,368,000	6,368,000	6,298,000	6,230,000	6,812,000	6,812,000	6,739,000	6,738,000	7,700,000	7,701,000	7,618,000	7,533,000	9,478,000	9,478,000	9,375,000	9,272,000	11,403,000	11,404,000	11,279,000	11,150,000	9,332,000	5,175,000
other revenue and income	827,000	869,000	851,000	833,000	818,000	822,000	854,000	865,000	855,000	665,000	546,000	785,000	533,000
total revenue	1,945,126,000	1,411,629,000	1,213,994,000	1,297,493,000	1,352,707,000	1,168,751,000	1,055,920,000	978,654,000	1,122,271,000	1,194,143,000	1,126,176,000	953,305,000	1,408,348,000	2,085,287,000	2,064,624,000	2,201,685,000	786,840,000	2,391,444,000	534,422,000	489,368,000	1,204,198,000	1,309,092,000	380,591,000	484,911,000			1,118,881,000	1,299,664,000	1,037,407,000		1,076,532,000	989,344,000			647,880,000	790,389,000	1,195,579,000	397,077,250	1,116,503,000	-249,198,000	721,004,000		1,443,335,000	376,714,000	1,229,687,000		762,490,000	311,338,000	164,981,000	384,522,000
yoy	43.80%	20.78%	14.97%	32.58%	20.53%	-2.13%	-6.24%	2.66%	-20.31%	-42.73%	-45.45%	-56.70%	78.99%	-12.80%	286.33%	349.90%	-34.66%	82.68%	40.42%	0.92%			-65.98%	-62.69%			3.93%	31.37%			66.16%	25.17%			-41.97%	-417.17%	65.82%		-22.64%	-166.15%	-41.37%		89.29%	21.00%	645.35%
qoq	37.79%	16.28%	-6.44%	-4.08%	15.74%	10.69%	7.90%	-12.80%	-6.02%	6.04%	18.13%	-32.31%	-32.46%	1.00%	-6.23%	179.81%	-67.10%	347.48%	9.21%	-59.36%	-8.01%	243.96%	-21.51%				-13.91%	25.28%			8.81%				-18.03%	-33.89%	201.09%	-64.44%	-548.04%	-134.56%			283.14%	-69.37%			144.91%	88.71%	-57.09%
operating expenses:
lease operating	44,529,000	31,479,000	32,415,000	37,244,000	33,986,000	30,216,000	29,597,000	29,759,000	29,121,000	26,888,000	33,484,000	28,748,000	29,321,000	29,109,000	27,453,000	25,253,000	17,780,000	25,238,000	25,363,000	21,645,000	24,547,000	27,029,000	21,450,000	24,742,000	25,644,000	27,203,000	35,928,000	40,857,000	41,732,000	42,998,000	36,269,000	30,164,000	26,722,000	33,023,000	23,491,000	16,992,000	15,551,000	12,900,000	13,854,000	12,043,000	11,293,000		10,786,000	6,673,000	8,102,000	10,771,000	8,680,000	5,021,000	4,869,000	2,697,000
gathering, compression, processing and transportation	789,106,000	749,684,000	711,003,000	701,722,000	695,017,000	682,024,000	685,183,000	663,442,000	672,281,000	661,325,000	671,886,000	663,975,000	645,172,000	642,502,000	716,388,000	656,212,000
production and ad valorem taxes	80,997,000	44,122,000	28,884,000	34,830,000	55,299,000	60,147,000	47,423,000	41,933,000	58,168,000	41,163,000	32,258,000	36,158,000	49,276,000	59,758,000	92,998,000	81,842,000	52,808,000	67,300,000	52,219,000	33,694,000	44,697,000	35,294,000	25,790,000	19,992,000	25,699,000	29,633,000	28,863,000	30,968,000	35,678,000	44,242,000	30,518,000	25,891,000	25,823,000	24,180,000	22,995,000	22,553,000	24,793,000	14,292,000	15,554,000	17,458,000	19,284,000		10,721,000	22,519,000	24,218,000	23,795,000	21,726,000	21,358,000	21,039,000
exploration	792,000	830,000	844,000	648,000	668,000		671,000	643,000									898,000	474,000	235,000	5,638,000	219,000	188,000	454,000	231,000	210,000	236,000	208,000	314,000	126,000	936,000	666,000	1,471,000	1,885,000	3,028,000	1,599,000	1,804,000	2,107,000	3,573,000	1,166,000	1,109,000	1,014,000		1,087,000	628,000	1,371,000	6,717,000	7,476,000	6,703,000	6,997,000	5,372,000
general and administrative	63,340,000	55,954,000	56,944,000	57,183,000	62,445,000	59,421,000	54,627,000	59,428,000	55,862,000	54,929,000	58,425,000	53,901,000	57,261,000	49,876,000	42,903,000	44,439,000	35,691,000	36,313,000	32,442,000	32,177,000	44,074,000	33,218,000	31,640,000	38,403,000	31,221,000	32,189,000	35,923,000	42,382,000	68,202,000	58,768,000	59,860,000	61,687,000	60,030,000	60,196,000	62,203,000	64,099,000	64,698,000	65,358,000	57,577,000	60,102,000	56,287,000		59,685,000	59,191,000	59,049,000	140,012,000	53,000,000	58,357,000	50,985,000	14,443,000
depletion, depreciation and amortization	206,239,000	186,956,000	188,778,000	187,589,000	186,352,000	248,281,000	170,197,000	170,536,000	173,054,000	174,719,000	176,259,000	171,406,000	167,582,000	169,210,000	169,607,000	173,395,000
impairment of property and equipment	948,000	5,215,000	12,228,000	6,297,000	5,618,000	28,475,000	13,455,000	313,000	5,190,000	6,556,000	13,476,000	15,710,000	15,560,000
accretion of asset retirement obligations	1,063,000	1,065,000	946,000	942,000	939,000	1,205,000	998,000	780,000	776,000	273,000	889,000	1,204,000	878,000	749,000	630,000	804,000	2,444,000	873,000	828,000	1,331,000	788,000	91,000	1,115,000	1,111,000	1,104,000	941,000	927,000	918,000	976,000	718,000	710,000	700,000	690,000	666,000	658,000	649,000	637,000	627,000	628,000	620,000	598,000		419,000	408,000	400,000	340,000	320,000	309,000	302,000	266,000
contract termination, loss contingency and settlements	12,035,000	3,153,000	12,571,000	13,596,000	-1,308,000	937,000	-1,517,000
gain on sale of assets	-45,950,000					-281,750	-1,297,000	-18,000										706,750	539,000	2,288,000
other operating expense	22,000	25,000	25,000	25,000	24,000	20,000	342,000	11,000	17,000		111,000		225,000
total operating expenses	1,215,674,000	1,122,455,000	1,095,877,000	1,092,610,000	1,081,235,000	1,165,559,000	1,061,823,000	1,040,643,000	1,057,111,000	1,039,299,000	1,070,444,000	1,042,241,000	1,076,858,000	1,142,461,000	1,290,464,000	1,140,167,000	991,439,000	1,135,100,000	1,218,496,000	1,132,318,000	1,109,658,000	1,163,941,000	1,134,700,000	1,091,833,000	1,054,672,000	1,020,194,000	2,104,759,000	1,199,668,000	1,071,114,000	1,092,277,000	1,071,728,000	1,022,107,000	881,607,000	834,667,000	719,932,000	666,646,000	694,236,000	788,225,000	649,171,000	640,675,000	642,255,000		502,220,000	540,463,000	529,993,000	450,880,000	381,091,000	316,641,000	269,060,000	161,914,000
operating income	729,452,000	289,174,000	118,117,000	204,883,000	271,472,000	3,192,000	-5,903,000	-61,989,000	65,160,000	154,844,000	55,732,000	-88,936,000	331,490,000	942,826,000	774,160,000	1,061,518,000	-204,599,000	1,256,344,000	-684,074,000	-642,950,000	94,540,000	145,151,000	-754,109,000	-606,922,000	262,433,000	-67,456,000	-985,878,000	99,996,000	-33,707,000	-46,629,000	4,804,000	-32,763,000	146,494,000	187,059,000	-72,052,000	123,743,000	501,343,000	-632,009,000	467,332,000	-889,873,000	78,749,000		941,115,000	-163,749,000	699,694,000	1,027,717,000	381,399,000			222,608,000
yoy	168.70%	8959.34%	-2100.97%	-430.52%	316.62%	-97.94%	-110.59%	-30.30%	-80.34%	-83.58%	-92.80%	-108.38%	-262.02%	-24.95%	-213.17%	-265.10%	-316.42%	765.54%	-9.29%	5.94%	-63.98%	-315.18%	-23.51%	-706.95%	-878.57%	44.67%	-20622.02%	-405.21%	-123.01%	-124.93%	-106.67%	-126.48%	-70.78%	-129.60%	-115.42%	-113.91%	536.63%		-50.34%	443.44%	-88.75%		146.75%			361.67%
qoq	152.25%	144.82%	-42.35%	-24.53%	8404.76%	-154.07%	-90.48%	-195.13%	-57.92%	177.84%	-162.67%	-126.83%	-64.84%	21.79%	-27.07%	-618.83%	-116.29%	-283.66%	6.40%	-780.08%	-34.87%	-119.25%	24.25%	-331.27%	-489.04%	-93.16%	-1085.92%	-396.66%	-27.71%	-1070.63%	-114.66%	-122.36%	-21.69%	-359.62%	-158.23%	-75.32%	-179.33%	-235.24%	-152.52%	-1230.01%			-674.73%	-123.40%	-31.92%	169.46%
operating margin %	37.50%	20.49%	9.73%	15.79%	20.07%	0.27%	-0.56%	-6.33%	5.81%	12.97%	4.95%	-9.33%	23.54%	45.21%	37.50%	48.21%	-26.00%	52.53%	-128.00%	-131.38%	7.85%	11.09%	-198.14%	-125.16%	Infinity%	-Infinity%	-88.11%	7.69%	-3.25%	-Infinity%	0.45%	-3.31%	Infinity%	Infinity%	-11.12%	15.66%	41.93%	-159.17%	41.86%	357.09%	10.92%	NaN%	65.20%	-43.47%	56.90%	Infinity%	50.02%	0%	0%	57.89%
other income:
interest expense	-36,963,000	-22,128,000	-18,232,000	-19,954,000	-23,368,000	-27,061,000	-28,278,000	-32,681,000	-30,187,000	-32,608,000	-31,634,000	-27,928,000	-25,700,000	-25,120,000	-28,326,000	-34,213,000	-37,713,000	-43,748,000	-45,414,000	-49,963,000	-42,743,000	-46,916,000	-48,043,000	-51,811,000	-53,102,000	-54,243,000	-47,754,000	-54,164,000																		-27,764,250
equity in earnings of unconsolidated affiliate	30,118,000	10,205,000	29,055,000	30,563,000	28,661,000	23,925,000	25,634,000	20,881,000	23,347,000	23,966,000	22,207,000	19,098,000	17,681,000	17,464,000	14,972,000	14,713,000	25,178,000	19,464,000	21,450,000	17,477,000	18,694,000																	-1,542,000	1,543,000	484,000
loss on early extinguishment of debt	-6,742,000			-729,000	-2,899,000		-528,000							-11,343,750	-30,307,000	-4,414,000	-10,654,000
transaction expense	-22,144,000																	-193,000	-626,000	-185,000	-2,291,000	-582,000	-524,000	-6,138,000
total other income	-35,731,000	-16,309,000	10,823,000	9,880,000	2,394,000														-41,157,000	-67,467,000		-26,153,000	31,485,000	1,450,000	-711,228,000	-522,182,000
income before income taxes	693,721,000	272,865,000	128,940,000	214,763,000	273,866,000	56,000	-9,075,000	-73,789,000	58,320,000	145,914,000	46,305,000	-97,766,000	323,385,000	934,518,000	730,330,000	1,037,604,000	-227,788,000	1,221,512,000	-725,231,000	-710,417,000	-14,050,000	118,998,000	-722,624,000	-605,472,000	-448,795,000	-589,638,000	-1,151,491,000	59,417,000	1,314,466,000	-112,621,000	-59,019,000	-92,848,000	89,930,000	129,476,000	-135,078,000	58,784,000	436,904,000	-131,849,750	409,120,000	-951,984,000	15,465,000		880,194,000		646,509,000
income tax expense	-145,508,000				-54,400,000		-1,212,000		-10,033,000	-11,503,250	-13,663,000																																			-18,979,750
net income and comprehensive income including noncontrolling interests	548,213,000	202,918,000	85,610,000	166,573,000	219,466,000	116,152,000	-10,287,000		48,287,000	115,933,000	32,642,000	-67,933,000	261,202,000	794,128,000	594,507,000	812,033,000						-338,931,000		-463,068,000	-338,810,000	-482,196,000		42,168,000	1,025,756,000	18,736,000		-67,275,000	80,810,000	529,614,000	-90,000,000	39,965,000
less: net income and comprehensive income attributable to noncontrolling interests	12,997,000	9,235,000	9,431,000	9,988,000	11,495,000	9,164,000	10,157,000	5,208,000	11,942,000	21,169,000	14,834,000	15,151,000	47,771,000	63,832,000	34,748,000	46,898,000	-18,277,000			-10,984,000	4,395,000	25,483,000		236,000
net income and comprehensive income attributable to antero resources corporation	535,216,000	193,683,000	76,179,000	156,585,000	207,971,000	106,988,000	-20,444,000		36,345,000	94,764,000	17,808,000	-83,084,000	213,431,000	730,296,000	559,759,000	765,135,000						-334,431,750		-463,304,000	-338,810,000	-482,196,000		42,168,000	978,763,000	-121,546,000			14,833,000	486,869,000	-135,063,000		268,396,000	-90,761,000	238,255,000		-5,055,000		533,842,000		394,431,000
net income per common share—basic	1,730	355	250	500	670	-40	-70		120
net income per common share—diluted	1,720	352.5	240	500	660	-40	-70		120
weighted-average number of common shares outstanding:
basic	308,933,000	309,719	308,763,000	310,323,000	311,328,000	309,489	311,025,000	310,806,000	304,943,000	299,793,000	300,141	300,141	296,763	307,202	305,343	310,535	314,081	308,146	313,790	307,879	296,746	272,433	268,511	268,386	284,227	306,400,000		309,062,000	308,694,000	316,036,000		316,992,000	316,471,000	315,426,000	315,463,000	315,401,000	314,954,000		306,785,000	281,786,000	277,050,344,000	274,122,567,000	277,007,427,000	277,002,786,000	265,294,794,000	262,053,868,000	262,049,948,000
diluted	311,426,000	312,361	311,034,000	313,184,000	314,798,000	313,414	311,025,000	310,806,000	312,503,000	311,597,000	311,534	300,141	311,846	329,223	325,997	334,561	314,081	308,146	313,790	307,879	296,746	272,433	268,511	268,386	284,227	306,400,000		309,137,000	308,788,000	316,036,000		316,992,000	316,911,000	316,283,000	315,463,000	315,401,000	315,769,000		308,657,000	281,786,000	277,050,344,000	274,143,341,000	277,014,756,000	277,002,786,000	265,300,080,000	262,068,106,000	262,069,878,000
loss on sale of assets		-408,000	171,000	546,000	-575,000				188,000		-136,000	-220,000	-91,000	-1,600,000	214,000	71,000	1,786,000											951,000
income tax benefit		-69,947,000	-43,330,000	-48,190,000		116,096,000		13,334,000				29,833,000	-62,183,000	-140,390,000	-135,823,000	-225,571,000	53,092,000
total other expense						-3,136,000	-3,172,000	-11,800,000	-6,840,000	-8,930,000	-9,427,000	-8,830,000	-8,105,000	-8,308,000	-43,830,000	-23,914,000	-23,189,000	-54,303,500
contract termination and loss contingency								3,009,000	2,039,000	4,956,000	13,659,000
net loss and comprehensive loss including noncontrolling interests								-60,455,000									-174,696,000	958,021,000	-566,575,000	-534,451,000	-11,104,000						-878,864,000				-77,972,000
net loss and comprehensive loss attributable to antero resources corporation								-65,663,000									-156,419,000	901,385,000	-549,318,000	-523,467,000	-15,499,000		-535,613,000				-878,864,000				-154,419,000	-136,385,000				-5,132,000				-596,244,000
loss per common share—basic								-210																								-430				-20
loss per common share—diluted								-210
exploration and mine expenses						702,000			602,000	603,000	591,000	743,000	763,000	1,316,750	2,975,000	1,394,000
loss on convertible note inducement										-21,500			-86,000		-169,000
income per share—basic										0.125	0.06	-0.28	0.72	2.41	1.83	2.46						-1.223		-1.73	-1.19
income per share—diluted										0.12	0.06	-0.28	0.69	2.27	1.72	2.29						-1.223		-1.73	-1.19
weighted-average number of shares outstanding:
basic	308,933,000	309,719	308,763,000	310,323,000	311,328,000	309,489	311,025,000	310,806,000	304,943,000	299,793,000	300,141	300,141	296,763	307,202	305,343	310,535	314,081	308,146	313,790	307,879	296,746	272,433	268,511	268,386	284,227	306,400,000		309,062,000	308,694,000	316,036,000		316,992,000	316,471,000	315,426,000	315,463,000	315,401,000	314,954,000		306,785,000	281,786,000	277,050,344,000	274,122,567,000	277,007,427,000	277,002,786,000	265,294,794,000	262,053,868,000	262,049,948,000
diluted	311,426,000	312,361	311,034,000	313,184,000	314,798,000	313,414	311,025,000	310,806,000	312,503,000	311,597,000	311,534	300,141	311,846	329,223	325,997	334,561	314,081	308,146	313,790	307,879	296,746	272,433	268,511	268,386	284,227	306,400,000		309,137,000	308,788,000	316,036,000		316,992,000	316,911,000	316,283,000	315,463,000	315,401,000	315,769,000		308,657,000	281,786,000	277,050,344,000	274,143,341,000	277,014,756,000	277,002,786,000	265,300,080,000	262,068,106,000	262,069,878,000
contract termination												4,441,000	29,550,000	5,000,000	17,995,000	2,096,000	8,000
commodity derivative fair value losses														-451,891,250	-530,523,000	-265,662,000	-1,011,380,000	-565,015,500	-1,250,466,000	-831,840,000																				-684,634,000				-2,227,000
other income														1,584,000	1,804,000	1,255,000	519,000	474,000	530,000	-619,000	640,000	617,000	675,000	707,000	798,000	812,000	1,481,000	1,760,000	107,000
impairment of oil and gas properties														19,937,250	33,924,000	23,363,000	22,462,000	20,905,000	26,253,000	9,303,000	34,062,000	67,808,000	29,392,000	37,350,000	89,220,000	46,732,000	1,041,469,000	130,999,000
loss on convertible note equitization																				-11,731,000	-39,046,000
gathering, compression, processing, and transportation																	590,278,000	624,510,000	628,225,000	641,362,000	605,077,000	653,754,000	656,615,000	631,845,000	588,624,000	551,424,000	603,860,000	566,834,000	424,529,000	413,130,000	326,504,000	307,786,000	291,938,000	279,929,000	282,134,000	266,747,000	266,829,000	233,125,000	234,915,000	206,060,000	208,738,000		160,302,000	166,669,000	163,662,000	145,535,000	128,531,000	103,837,000	92,265,000	58,383,000
depletion, depreciation, and amortization																	168,388,000	177,843,000	182,810,000	187,330,000	194,026,000	209,740,000	238,418,000	214,035,000	199,677,000	190,861,000	241,503,000	242,302,000	240,201,000	262,985,000	243,186,000	238,050,000	228,244,000	213,731,000	206,968,000	201,182,000	202,729,000	221,816,000	199,113,000	197,362,000	191,582,000		188,667,000	177,046,000	182,300,000	156,912,000	124,624,000	105,154,000	91,206,000	65,697,000
loss per share—basic																	-0.5	2.94	-1.75	-1.7	-0.05		-1.99
loss per share—diluted																	-0.5	2.94	-1.75	-1.7	-0.05		-1.99
contract termination and rig stacking																			3,370,000	844,000	91,000	1,973,000	1,246,000	11,071,000			62,000	5,604,000	8,360,000															1,937,000	8,965,000
gain on early extinguishment of debt																		-10,355,000	-16,567,000	-23,065,000	-43,204,000	597,000	55,633,000	39,171,000	80,561,000
provision for income tax benefit																		84,392,000	158,656,000	175,966,000	2,946,000	-23,685,000	168,778,000	142,404,000	109,985,000		272,627,000	-17,249,000			-18,953,000	25,573,000		400,138,000	45,078,000	-18,819,000		57,688,750		376,494,000				84,089,000
less: net loss and comprehensive loss attributable to noncontrolling interests																		-5,961,500	-17,257,000				-18,233,000
impairment of equity method investment
total other expenses																					-108,590,000						-165,613,000	-40,579,000	1,348,173,000	-65,992,000	-63,823,000	-60,085,000	-56,564,000	-57,583,000	-63,026,000	-64,959,000	-64,439,000	-45,901,750	-58,212,000	-62,111,000				-59,823,000
impairment of midstream assets																											7,800,000
equity in earnings of unconsolidated affiliates																							24,419,000	20,228,000	-128,055,000	-53,023,000	-117,859,000	13,585,000	14,081,000	12,448,000	10,705,000	9,264,000	7,862,000	7,307,000	7,033,000	3,623,000	2,231,000
net loss and comprehensive income loss including noncontrolling interests																							-553,846,000
gathering, compression, water handling and treatment																										-1,000			4,479,000	6,046,000	4,844,000	5,518,000	4,935,000	4,055,000	2,869,000	3,192,000
total revenue and other																									1,317,105,000	952,738,000				1,045,648,000			1,028,101,000	1,021,726,000
impairment of equity investment																						-152,658,000			-610,632,000
gain on deconsolidation of antero midstream partners lp																													1,406,042,000
net income and comprehensive income attributable to noncontrolling interests																													46,993,000	140,282,000	76,447,000	69,110,000	65,977,000	42,745,000	45,063,000	45,097,000
marketing derivative fair value losses																															-42,000	-110,000
loss per common share—basic and diluted																											-2,860				-490
weighted-average number of shares outstanding:
basic and diluted																											307,781,000				317,082,000
impairment of gathering systems and facilities																													6,982,000		1,157,000	8,501,000
earnings per common share—basic																										115		140	3,170	-390			50	1,540	-430		850	-315	780
earnings per common share—assuming dilution																										115		140	3,170	-390			50	1,530	-430		850	-315	770		-20		1,930		1,490
marketing derivative fair value gains
impairment of unproved properties																													81,244,000	143,369,000	221,094,000	134,437,000	50,536,000	76,500,000	41,000,000	15,199,000	26,899,000	115,712,000	11,753,000	19,944,000	15,526,000		8,754,000	26,339,000	8,577,000	7,303,000	4,542,000	1,956,000	1,397,000	3,205,000
interest																													-71,950,000	-78,440,000	-74,528,000	-69,349,000	-64,426,000	-63,390,000	-70,059,000	-68,582,000	-66,670,000	-46,408,500	-59,755,000	-62,595,000	-63,284,000		-60,921,000	-59,823,000	-53,185,000		-42,455,000
provision for income tax expense																										-8,333,000			-288,710,000	-625,000			-9,120,000				-131,346,000		-140,924,000		-4,815,000		-335,460,000
revenue:
loss per common share—assuming dilution																																-430				-20				-2,120
commodity derivative gains																																	22,437,000
marketing derivative gains																																	94,234,000
gathering, compression, and water handling and treatment																																					2,604,000	2,854,000	2,969,000	3,294,000
net income and comprehensive income including noncontrolling interest																																					305,558,000	-452,804,000	268,196,000		10,650,000		544,734,000		399,171,000
net income and comprehensive income attributable to noncontrolling interest																																					37,162,000	32,968,000	29,941,000	20,754,000	15,705,000		10,892,000	5,890,000	4,740,000
net loss and comprehensive loss including noncontrolling interest																																								-575,490,000
loss per common share																																								-2,120
gathering, compression, and water handling																																									3,844,000		4,426,000
other expenses:
earnings per common share																																									-20		1,930		1,490
gathering, compression, and water distribution																																												4,490,000	6,168,000	10,111,000	4,875,000	3,565,000	3,524,000
loss from continuing operations before income taxes and discontinued operations																																												-223,572,000
loss from continuing operations																																												-139,483,000
discontinued operations:
income from sale of discontinued operations, net of income tax expense of 1,354																																																2,210,000
loss and comprehensive loss including noncontrolling interest																																												-139,483,000
loss and comprehensive loss attributable to antero resources corporation																																												-145,373,000
continuing operations																																												-520			780			0.45
discontinued operations																																																10		0.01
total																																												-520			780
other incomes:
benefit from income tax benefit																																													-247,338,000			18,454,000	40,662,000
income from continuing operations before income taxes and discontinued operations																																															338,944,000			185,164,000
benefit from income tax expense																																															-135,035,000
income from continuing operations																																														608,970,000	203,909,000			117,794,000
income from sale of discontinued operations, net of income tax expense of 1,900 in 2013
net income and comprehensive income																																															203,909,000
earnings per common share:
earnings per common share - assuming dilution
total other incomes																																														-32,860,750
net income and comprehensive loss
loss per common share - assuming dilution
production taxes																																																		11,851,000
income from results of operations and sale of discontinued operations																																																		3,100,000
net income and comprehensive income attributable to antero equity owners																																																		120,894,000
pro forma information:
pro forma earnings per share - basic:
net income																																														16,716,250				0.46
yoy																																														3633967291.30%
qoq
net income margin %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	NaN%	NaN%	0%	0%	0%	NaN%	0%	0%	NaN%	NaN%	0%	0%	0%	0%	0%	0%	0%	NaN%	0%	0%	0%	Infinity%	0%	0%	0%	0.00%
pro forma earnings per share - diluted:
pro forma weighted-average number of shares outstanding:
basic																																																		262,050
diluted																																																		262,050

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-09-30

assets
current assets:
restricted cash		210,000,000
accounts receivable	32,449,000	33,773,000	37,148,000	31,650,000	40,385,000	34,413,000	26,156,000	23,552,000	40,121,000	42,619,000	36,928,000	36,887,000	30,207,000	35,488,000	23,770,000	25,375,000	45,755,000	78,998,000	34,768,000	36,145,000	86,657,000	28,457,000	88,062,000	57,013,000	91,944,000	46,419,000	29,207,000	49,994,000	48,979,000	51,073,000	46,604,000	35,676,000	26,692,000	34,896,000	43,854,000	16,494,000	36,874,000	29,682,000	59,462,000	71,606,000	78,753,000	79,404,000	60,904,000	79,190,000	118,410,000	116,203,000				33,023,000
accrued revenue	454,199,000	473,453,000	356,875,000	367,895,000	513,382,000	453,613,000	319,177,000	362,451,000	326,218,000	400,805,000	373,391,000	323,440,000	379,337,000	707,685,000	924,343,000	952,054,000	660,884,000	591,442,000	652,521,000	493,740,000	446,513,000	425,314,000	338,729,000	254,863,000	201,320,000	317,886,000	281,177,000	308,761,000	365,151,000	474,827,000	354,010,000	321,214,000	279,923,000	300,122,000	233,585,000	218,621,000	220,059,000	261,960,000	196,490,000	133,479,000	136,446,000	128,242,000	115,793,000	125,467,000	165,904,000	191,558,000	144,014,000	139,553,000	145,675,000	86,122,000
derivative instruments	163,386,000	68,913,000	17,423,000	1,137,000	358,000	1,050,000	4,706,000	2,440,000	6,579,000	5,175,000	2,563,000	3,099,000	6,242,000	1,900,000	954,000	578,000	263,000	757,000	627,000	1,056,000	41,356,000	105,130,000	83,057,000	521,459,000	816,444,000	422,849,000	411,774,000	346,894,000	122,425,000	245,263,000	493,354,000	420,842,000	459,892,000	460,685,000	299,796,000	452,005,000	237,086,000	73,022,000	417,605,000	429,920,000	975,199,000	1,009,030,000	834,482,000	664,417,000	713,966,000	692,554,000	280,959,000	175,286,000	130,679,000	204,857,000
prepaid expenses	13,621,000	14,554,000	9,347,000	9,591,000	12,693,000	12,423,000	7,042,000	9,789,000	12,326,000	12,901,000
current assets held for sale		20,269,000
other current assets	14,273,000	10,818,000	7,001,000	17,261,000	7,967,000	6,047,000	11,565,000	10,758,000	17,468,000	14,192,000					28,587,000	37,490,000	17,874,000	14,922,000	20,937,000	14,958,000	11,781,000	15,238,000	11,934,000	8,942,000	10,313,000	10,731,000	7,342,000	7,400,000	8,341,000	35,450,000	12,664,000	6,590,000	10,374,000	8,943,000	10,024,000	8,573,000	9,679,000	6,313,000	3,402,000	6,528,000	8,072,000	8,087,000	1,739,000	4,819,000	4,259,000
total current assets	677,928,000	831,780,000	427,794,000	427,534,000	574,785,000	507,546,000	368,646,000	408,990,000	402,712,000	475,692,000	422,419,000	384,728,000	437,642,000	787,525,000	977,654,000	1,015,497,000	724,776,000	686,119,000	708,853,000	550,440,000	586,307,000	574,139,000	521,782,000	842,277,000	1,120,021,000	922,885,000	729,500,000	713,049,000	544,896,000	806,613,000	906,632,000	834,930,000	800,034,000	833,087,000	610,953,000	735,883,000	503,698,000	402,587,000	695,471,000	669,784,000	1,238,340,000	1,248,236,000	1,040,328,000	1,017,179,000	1,188,030,000	1,252,160,000	502,703,000	387,228,000	321,922,000	359,513,000
property and equipment:
oil and gas properties, at cost
unproved properties	1,110,301,000	796,705,000	883,387,000	883,170,000	883,042,000	879,483,000	960,116,000	963,023,000	962,738,000	974,642,000	1,020,394,000	1,017,828,000	1,013,780,000	997,715,000	999,273,000	1,014,497,000	1,001,420,000	1,042,118,000	1,052,543,000	1,076,562,000	1,144,531,000	1,175,178,000	1,265,255,000	1,277,476,000	1,289,770,000	1,368,854,000	1,406,464,000	1,585,355,000	1,701,002,000	1,767,600,000	1,928,990,000	2,108,109,000	2,265,727,000	2,266,673,000	2,305,749,000	2,309,839,000	2,330,010,000	2,331,173,000	2,449,995,000	1,984,515,000	1,994,377,000	1,996,081,000	2,072,475,000	2,080,491,000	2,053,669,000	2,060,936,000	1,915,683,000	1,677,642,000	1,543,118,000	1,420,719,000
proved properties	16,936,783,000	14,049,003,000	14,892,584,000	14,540,908,000	14,444,544,000	14,395,680,000	14,309,543,000	14,179,028,000	14,060,385,000	13,908,804,000	13,773,718,000	13,615,891,000	13,450,257,000	13,234,777,000	13,103,294,000	12,910,737,000	12,786,692,000	12,646,303,000	12,559,146,000	12,479,785,000	12,330,278,000	12,260,713,000	12,149,941,000	11,989,302,000	12,154,162,000	11,859,817,000	11,568,285,000	13,357,733,000	13,056,874,000	12,705,672,000	12,306,198,000	11,924,864,000	11,471,428,000	11,096,462,000	10,779,043,000	10,493,932,000	9,942,450,000	9,549,671,000	9,180,705,000	8,794,515,000	8,531,113,000	8,211,106,000	7,805,203,000	7,462,080,000	7,013,366,000	6,515,221,000	5,605,619,000	4,881,002,000	4,191,186,000	3,199,830,000
other property and equipment	118,728,000	113,020,000	111,811,000	109,318,000	107,378,000	105,871,000	105,317,000	106,684,000	104,409,000	98,668,000	95,317,000	91,255,000	87,091,000	83,909,000	129,853,000	126,807,000	123,824,000	116,522,000	91,621,000	77,231,000	77,826,000	74,361,000	72,936,000	72,649,000	72,312,000	71,895,000	70,965,000	69,676,000	68,535,000	65,842,000	62,739,000	60,766,000	59,499,000	57,429,000	54,571,000	48,537,000	42,290,000	41,231,000	45,571,000	44,919,000	46,741,000	46,415,000	45,494,000	42,842,000	41,136,000	37,687,000	32,593,000	34,019,000	26,731,000	12,741,000
less accumulated depletion, depreciation and amortization	-5,956,634,000	-5,753,416,000	-5,979,676,000	-5,883,318,000	-5,768,456,000	-5,699,286,000	-5,447,104,000	-5,296,438,000	-5,179,844,000	-5,063,274,000	-4,957,449,000	-4,854,565,000	-4,771,093,000	-4,683,399,000	-4,587,529,000
property and equipment	12,209,178,000	9,205,312,000	9,913,908,000	9,655,880,000	9,672,310,000	9,687,550,000	9,933,674,000	9,958,099,000	9,953,490,000	9,924,642,000	9,937,782,000	9,876,211,000	9,785,917,000	9,638,804,000	9,650,693,000	9,591,546,000	9,532,767,000	9,527,045,000	9,532,816,000	9,543,841,000	9,567,977,000	9,646,938,000	9,834,558,000	9,937,130,000	9,994,740,000	9,978,739,000	9,914,749,000	10,915,402,000	10,971,350,000	13,869,915,000	13,784,419,000	13,681,151,000	13,493,748,000	13,235,553,000	13,035,198,000	12,809,845,000	12,305,299,000	12,026,747,000	11,837,216,000	11,097,870,000	10,917,802,000	10,732,242,000	10,461,433,000	10,129,777,000	9,750,495,000	9,352,452,000	8,286,985,000	7,211,793,000	6,266,227,000	4,757,115,000
operating leases right-of-use assets	2,090,310,000	2,132,509,000	2,266,976,000	2,397,054,000	2,526,305,000	2,549,398,000	2,658,288,000	2,797,447,000	2,932,501,000	2,965,880,000	3,128,584,000	3,262,253,000	3,401,994,000	3,444,331,000	3,541,576,000	3,355,622,000	3,285,337,000	3,419,912,000	2,969,642,000	2,486,044,000	2,549,297,000	2,613,603,000	2,660,188,000	2,562,945,000	2,814,539,000	2,886,500,000	3,230,148,000	3,330,795,000	3,433,515,000
investment in unconsolidated affiliate	253,164,000	245,653,000	256,496,000	249,163,000	239,672,000	231,048,000	226,860,000	223,552,000	226,034,000	222,255,000	220,110,000	218,196,000	219,515,000	220,429,000	222,882,000	229,095,000	234,390,000	232,399,000	236,597,000	237,668,000	241,158,000	255,082,000	272,926,000	279,805,000	291,989,000
assets held for sale		754,737,000
other assets	68,054,000	62,892,000	46,245,000	35,495,000	35,471,000	33,212,000	33,643,000	24,579,000	29,828,000	25,375,000	21,035,000	17,488,000	16,253,000	17,106,000	13,246,000	13,882,000	15,714,000	16,684,000	8,796,000	10,944,000	12,403,000	13,790,000	16,215,000	18,319,000	20,039,000	21,094,000	21,388,000	34,883,000	35,448,000	47,125,000	45,823,000	52,104,000	47,037,000	48,291,000	38,928,000	36,631,000	37,804,000	95,153,000	81,476,000	117,219,000	34,337,000	66,296,000	67,485,000	80,133,000	90,126,000	68,886,000	67,983,000	91,933,000	45,426,000	51,914,000
total assets	15,349,446,000	13,245,407,000	12,912,057,000	12,766,073,000	13,049,321,000	13,010,050,000	13,223,618,000	13,415,843,000	13,548,494,000	13,619,414,000	13,736,557,000	13,766,810,000	13,871,146,000	14,118,039,000	14,413,378,000	14,212,700,000	13,803,500,000	13,896,528,000	13,471,538,000	12,848,333,000	13,000,382,000	13,150,845,000	13,349,739,000	13,743,990,000	14,525,789,000	15,197,569,000	16,120,288,000	17,330,880,000	17,288,730,000	15,519,464,000	15,802,535,000	15,690,607,000	15,422,849,000	15,261,490,000	14,849,214,000	15,442,221,000	14,888,654,000	14,255,550,000	14,629,253,000	13,558,780,000	14,288,712,000	14,155,224,000	13,577,074,000	12,532,481,000	12,481,951,000	11,573,495,000	9,315,880,000	8,045,208,000	7,134,457,000	5,672,208,000
liabilities and equity
current liabilities:
accounts payable	77,965,000	49,514,000	61,087,000	39,901,000	55,268,000	62,213,000	37,096,000	38,229,000	38,081,000	38,993,000	81,904,000	60,911,000	83,685,000	77,543,000	103,640,000	87,860,000	67,769,000	24,819,000	60,409,000	39,612,000	41,990,000	26,728,000	55,173,000	36,736,000	37,909,000	14,498,000	32,496,000	44,758,000	48,096,000	66,289,000	91,940,000	96,477,000	73,221,000	62,982,000	47,457,000	51,567,000	37,706,000	38,627,000	172,293,000	211,106,000	250,797,000	364,160,000	337,493,000	326,638,000	352,477,000	531,564,000	598,538,000	500,774,000	428,938,000	311,092,000
accounts payable, related parties	138,084,000	101,454,000	104,448,000	107,293,000	118,262,000	111,066,000	92,720,000	97,455,000	93,707,000	86,284,000	89,350,000	95,360,000	99,784,000	80,708,000	74,584,000	72,871,000	73,259,000	76,240,000	79,595,000	85,471,000	85,846,000	69,860,000	81,519,000	73,375,000	88,894,000	97,883,000	100,437,000	98,570,000	110,980,000
accrued liabilities	372,850,000	338,847,000	305,000,000	312,832,000	309,131,000	402,591,000	316,059,000	365,347,000	314,957,000	381,340,000	335,093,000	366,038,000	318,084,000	461,788,000	497,547,000	496,677,000	341,692,000	457,244,000	501,132,000	433,050,000	350,763,000	343,524,000	344,606,000	339,388,000	367,444,000	400,850,000	392,726,000	358,680,000	384,707,000	465,070,000	457,216,000	438,829,000	422,617,000	443,225,000	429,696,000	418,352,000	416,588,000	393,803,000	245,174,000	201,320,000	241,676,000	194,076,000	202,186,000	183,319,000	235,069,000	168,614,000	178,840,000	116,037,000	125,102,000
revenue distributions payable	521,927,000	384,777,000	361,255,000	364,053,000	364,219,000	315,932,000	328,353,000	329,375,000	358,560,000	361,782,000	338,244,000	359,487,000	381,880,000	468,210,000	682,327,000	485,039,000	408,347,000	444,873,000	315,936,000	267,926,000	282,413,000	198,117,000	148,917,000	173,759,000	174,654,000	207,988,000	231,152,000	301,032,000	301,066,000	310,827,000	245,832,000	211,234,000	237,907,000	209,617,000	220,971,000	203,151,000	198,775,000	163,989,000	172,202,000	135,054,000	132,918,000	129,949,000	161,513,000	190,881,000	183,455,000	182,352,000	169,446,000	154,092,000	136,563,000	68,926,000
short-term lease liabilities	536,304,000	516,256,000	509,402,000	514,292,000	515,880,000	493,894,000	505,652,000	525,636,000	535,617,000	540,060,000	551,037,000	553,953,000	553,532,000	556,636,000	535,347,000	506,724,000	455,723,000	456,347,000	353,470,000	269,611,000	265,551,000	266,024,000	251,568,000	230,499,000	295,658,000	305,320,000	409,990,000	413,691,000	413,103,000
deferred revenue, vpp	23,647,000	23,502,000	23,946,000	24,390,000	24,830,000	25,264,000	25,709,000	26,153,000	26,593,000	27,101,000	27,990,000	28,878,000	29,757,000	30,552,000	32,330,000	34,107,000	35,864,000	37,603,000	39,528,000	41,453,000	43,357,000	45,257,000	43,192,000
current liabilities held for sale		62,310,000
other current liabilities	17,262,000	26,653,000	20,902,000	7,949,000	13,702,000	3,175,000	2,377,000	1,061,000	1,240,000	1,295,000	6,302,000	6,728,000	2,103,000	1,707,000	6,010,000	18,769,000	16,099,000	11,140,000	16,320,000	11,980,000	4,688,000	2,302,000	2,467,000	6,831,000	7,315,000	6,879,000	4,367,000	4,102,000	4,935,000	10,822,000	8,427,000	11,532,000	14,201,000	17,796,000	15,267,000	16,711,000	16,090,000	17,334,000	19,125,000	19,226,000	19,693,000	19,085,000	9,211,000	14,248,000	13,170,000
total current liabilities	1,693,182,000	1,503,313,000	1,386,040,000	1,404,729,000	1,485,346,000	1,445,927,000	1,323,955,000	1,406,012,000	1,382,903,000	1,452,091,000	1,461,054,000	1,506,864,000	1,497,541,000	1,774,909,000	2,544,022,000	2,475,404,000	2,551,052,000	2,068,117,000	2,802,682,000	1,883,097,000	1,221,328,000	983,054,000	1,035,375,000	864,240,000	971,874,000	1,040,139,000	1,171,168,000	1,221,107,000	1,266,781,000	853,540,000	813,871,000	788,733,000	789,853,000	762,096,000	717,676,000	693,060,000	723,436,000	817,388,000	611,904,000	569,432,000	645,084,000	707,270,000	1,025,769,000	966,183,000	1,053,993,000	1,155,105,000	1,064,036,000	860,714,000	760,806,000	586,885,000
long-term liabilities:
long-term debt	2,664,797,000	1,397,976,000	1,307,220,000	1,098,669,000	1,285,380,000	1,489,230,000	1,622,316,000	1,591,208,000	1,510,109,000	1,537,596,000	1,606,895,000	1,492,270,000	1,312,046,000	1,183,476,000	1,172,828,000	1,577,213,000	1,959,944,000	2,125,444,000	2,341,033,000	2,415,163,000	2,568,686,000	3,001,593,000	3,158,225,000	3,518,076,000	3,707,787,000	3,758,868,000	3,703,828,000	3,602,379,000	3,475,950,000	5,461,688,000	5,487,004,000	5,288,344,000	4,876,706,000	4,800,090,000	4,510,521,000	5,291,973,000	4,775,302,000	4,703,973,000	4,759,904,000	4,244,014,000	4,702,809,000	4,708,513,000	4,406,777,000	4,500,038,000	4,172,295,000	4,362,550,000	4,137,866,000	3,370,636,000	2,535,819,000	2,970,455,000
deferred income tax liability	1,141,934,000	907,306,000	839,097,000	795,816,000	746,803,000	693,341,000	831,972,000	830,826,000	844,230,000	834,268,000	805,775,000	792,149,000	822,010,000	759,861,000	619,342,000	483,722,000	254,633,000	318,126,000	55,636,000	214,292,000	395,244,000	412,252,000	381,233,000	529,598,000	672,002,000	781,987,000	916,031,000	1,188,975,000	1,171,866,000	650,788,000	782,145,000	763,192,000	788,765,000	779,645,000	1,180,564,000	1,100,382,000	1,081,563,000	950,217,000	1,215,240,000	1,063,331,000	1,439,825,000	1,370,686,000	315,366,000	251,097,000	269,822,000	260,373,000	106,721,000	71,104,000	43,182,000	78,199,000
long-term lease liabilities	1,549,564,000	1,612,288,000	1,753,627,000	1,878,718,000	2,005,829,000	2,050,337,000	2,148,608,000	2,268,031,000	2,399,274,000	2,428,450,000	2,581,323,000	2,711,735,000	2,851,571,000	2,889,854,000	3,007,636,000	2,849,598,000	2,830,175,000	2,964,115,000	2,616,889,000	2,217,336,000	2,284,680,000	2,348,785,000	2,410,114,000	2,334,227,000	2,520,939,000	2,583,678,000	2,823,197,000	2,920,754,000	3,024,582,000
liabilities held for sale		39,789,000
other liabilities	63,370,000	57,140,000	65,776,000	64,205,000	63,111,000	62,001,000	55,839,000	56,107,000	60,082,000	59,431,000	63,214,000	61,903,000	60,657,000	59,692,000	58,293,000	56,546,000	57,175,000	54,462,000	60,642,000	58,184,000	56,856,000	59,694,000	64,223,000	62,312,000	60,432,000	58,635,000	59,366,000	57,965,000	56,753,000	65,971,000	48,363,000	47,427,000	46,427,000	43,316,000	52,764,000	53,772,000	54,299,000	55,160,000	61,883,000	75,925,000	80,275,000	82,077,000	55,965,000	49,215,000	49,076,000
total liabilities	7,126,233,000	5,529,758,000	5,394,450,000	5,281,566,000	5,640,538,000	5,793,517,000	6,042,286,000	6,223,884,000	6,276,618,000	6,405,312,000	6,638,369,000	6,698,482,000	6,700,754,000	7,100,885,000	7,943,116,000	7,938,837,000	8,074,816,000	7,830,436,000	8,336,296,000	7,129,919,000	6,772,433,000	7,060,574,000	7,365,858,000	7,311,011,000	7,933,249,000	8,226,826,000	8,673,590,000	8,991,180,000	8,995,932,000	7,031,987,000	7,131,383,000	6,887,696,000	6,501,751,000	6,385,354,000	6,461,952,000	7,139,359,000	6,634,702,000	6,526,972,000	6,648,971,000	5,957,881,000	6,868,368,000	6,868,546,000	6,466,650,000	6,223,035,000	6,047,676,000	6,099,665,000	5,564,458,000	4,521,981,000	3,601,419,000	3,794,381,000
commitments and contingencies
equity:
stockholders' equity:
preferred stock, 0.01 par value...
common stock, 0.01 par value...	3,098,000	3,085,000	3,083,000	3,098,000	3,115,000	3,111,000	3,110,000	3,110,000	3,102,000	3,035,000	3,004,000	3,004,000	2,993,000	2,974,000	3,031,000	3,088,000	3,110,000	3,139,000	3,138,000	3,135,000	3,011,000	2,686,000	2,685,000	2,684,000	2,689,000	2,959,000	3,041,000	3,091,000	3,087,000	3,086,000	3,171,000	3,171,000	3,165,000	3,164,000	3,155,000	3,154,000	3,150,000	3,149,000	3,072,000	3,042,000	2,771,000	2,770,000	2,770,000	2,770,000	2,768,000	2,621,000	2,621,000	2,620,000	2,620,000
additional paid-in capital	5,842,435,000	5,865,447,000	5,854,090,000	5,867,226,000	5,902,893,000	5,909,373,000	5,894,786,000	5,879,390,000	5,879,578,000	5,846,541,000	5,822,013,000	5,803,634,000	5,806,031,000	5,838,848,000	5,941,977,000	6,119,645,000	6,266,506,000	6,371,398,000	6,365,929,000	6,363,774,000	6,317,653,000	6,195,497,000	6,165,750,000	6,098,167,000	6,091,242,000	6,130,365,000	6,124,042,000	6,138,130,000	6,133,400,000	6,485,174,000	6,611,348,000	6,597,537,000	6,588,082,000	6,570,952,000	6,564,320,000	6,435,047,000	6,407,158,000	5,299,481,000	5,131,909,000	5,022,848,000	4,251,755,000	4,122,811,000	4,122,747,000	4,099,718,000	4,078,068,000	3,513,725,000	3,488,076,000	3,463,791,000	3,431,317,000
retained earnings	2,217,511,000	1,682,295,000	1,488,643,000	1,435,298,000	1,312,366,000	1,109,166,000	1,082,066,000	1,102,510,000	1,168,173,000	1,131,828,000	1,037,064,000	1,019,256,000	1,102,340,000	913,896,000	266,468,000
total stockholders' equity	8,063,044,000	7,550,827,000	7,345,816,000	7,305,622,000	7,218,374,000	7,021,650,000	6,979,962,000	6,985,010,000	7,050,853,000	6,981,404,000	6,862,081,000	6,825,894,000	6,911,364,000	6,754,558,000	6,211,476,000	6,003,608,000	5,473,786,000	5,757,160,000	4,850,305,000	5,397,465,000	5,874,687,000	5,767,705,000	5,668,127,000	6,136,156,000		6,970,743,000	7,446,698,000	8,339,700,000	8,292,798,000	7,665,808,000	7,913,613,000	8,054,221,000	8,181,145,000	8,149,181,000	7,655,671,000	7,661,460,000	7,638,699,000	6,262,625,000	6,580,748,000	6,233,402,000	6,058,282,000	5,934,392,000	5,775,864,000	5,218,993,000	5,342,714,000	4,383,793,000	3,751,422,000
noncontrolling interests	160,169,000	164,822,000	171,791,000	178,885,000	190,409,000	194,883,000	201,370,000	206,949,000	221,023,000	232,698,000	236,107,000	242,434,000	259,028,000	262,596,000	258,786,000	270,255,000	254,898,000	308,932,000	284,937,000	320,949,000	353,262,000	322,566,000	315,754,000	296,823,000
total equity	8,223,213,000	7,715,649,000	7,517,607,000	7,484,507,000	7,408,783,000	7,216,533,000	7,181,332,000	7,191,959,000	7,271,876,000	7,214,102,000	7,098,188,000	7,068,328,000	7,170,392,000	7,017,154,000	6,470,262,000	6,273,863,000	5,728,684,000	6,066,092,000	5,135,242,000	5,718,414,000	6,227,949,000	6,090,271,000	5,983,881,000	6,432,979,000	6,592,540,000	6,970,743,000	7,446,698,000	8,339,700,000	8,292,798,000	8,487,477,000	8,671,152,000	8,802,911,000	8,921,098,000	8,876,136,000	8,387,262,000	8,302,862,000	8,253,952,000	7,728,578,000	7,980,282,000	7,600,899,000	7,420,344,000	7,286,678,000	7,110,424,000	6,309,446,000	6,434,275,000	5,473,830,000				1,877,827,000
total liabilities and equity	15,349,446,000	13,245,407,000	12,912,057,000	12,766,073,000	13,049,321,000	13,010,050,000	13,223,618,000	13,415,843,000	13,548,494,000	13,619,414,000	13,736,557,000	13,766,810,000	13,871,146,000	14,118,039,000	14,413,378,000	14,212,700,000	13,803,500,000	13,896,528,000	13,471,538,000	12,848,333,000	13,000,382,000	13,150,845,000	13,349,739,000	13,743,990,000	14,525,789,000	15,197,569,000	16,120,288,000	17,330,880,000	17,288,730,000	15,519,464,000	15,802,535,000	15,690,607,000	15,422,849,000	15,261,490,000	14,849,214,000	15,442,221,000	14,888,654,000	14,255,550,000	14,629,253,000	13,558,780,000	14,288,712,000	14,155,224,000	13,577,074,000	12,532,481,000	12,481,951,000	11,573,495,000			7,134,457,000	5,672,208,000
gathering systems and facilities			5,802,000	5,802,000	5,802,000	5,802,000	5,802,000	5,802,000	5,802,000	5,802,000	5,802,000	5,802,000	5,882,000	5,802,000	5,802,000	5,802,000	5,802,000	5,802,000	5,802,000	5,802,000	5,802,000	5,802,000	5,802,000	5,802,000	5,802,000	5,802,000	5,802,000	17,825,000	17,825,000	2,470,708,000	2,384,041,000	2,255,385,000	2,132,803,000	2,050,490,000	1,977,510,000	1,884,712,000	1,785,669,000	1,723,768,000	1,656,676,000	1,596,460,000	1,543,766,000	1,502,396,000	1,448,404,000	1,341,661,000	1,270,635,000	1,197,239,000	1,064,855,000	873,308,000		455,818,000
treasury stock														-1,160,000
prepaid expenses and other current assets											9,537,000	21,302,000	21,856,000	42,452,000
less accumulated depletion, depreciation, and amortization																-4,466,297,000	-4,384,971,000	-4,283,700,000	-4,176,296,000	-4,095,539,000	-3,990,460,000	-3,869,116,000	-3,659,376,000	-3,408,099,000	-3,527,306,000	-3,327,629,000	-3,136,767,000	-4,115,187,000	-3,872,886,000	-4,153,725,000	-3,890,834,000	-3,647,910,000	-3,410,098,000	-3,182,171,000	-2,973,544,000	-2,767,358,000	-2,566,359,000	-2,363,778,000	-2,176,793,000	-1,977,790,000	-1,780,526,000	-1,589,372,000	-1,427,656,000	-1,238,989,000	-1,061,943,000	-879,643,000	-722,731,000
accumulated deficit																-119,125,000	-795,830,000	-617,377,000	-1,518,762,000	-969,444,000	-445,977,000
																			13,709,112,000
revenue and other:
natural gas sales																			884,669,000																															182,125,000
natural gas liquids sales																			598,327,000																															31,956,000
oil sales																			56,734,000																															8,473,000
commodity derivative fair value losses																			-1,250,466,000
marketing																			232,685,000
amortization of deferred revenue, vpp																			11,404,000
gain on sale of assets																			539,000
other income																			530,000
total revenue																			534,422,000																															384,522,000
operating expenses:
lease operating																			25,363,000																															2,697,000
gathering, compression, processing, and transportation																			628,225,000																															58,383,000
production and ad valorem taxes																			52,219,000
exploration																			235,000																															5,372,000
impairment of oil and gas properties																			26,253,000
depletion, depreciation, and amortization																			182,810,000																															65,697,000
accretion of asset retirement obligations																			828,000																															266,000
general and administrative																			32,442,000																															14,443,000
contract termination and rig stacking																			3,370,000
total operating expenses																			1,218,496,000																															161,914,000
operating income																			-684,074,000																															222,608,000
other income:
interest expense																			-45,414,000
equity in earnings of unconsolidated affiliate																			21,450,000
gain on early extinguishment of debt																			-16,567,000
transaction expense																			-626,000
total other income																			-41,157,000
income before income taxes																			-725,231,000
benefit from income tax benefit																			158,656,000
net income and comprehensive loss including noncontrolling interests																			-566,575,000
less: net income and comprehensive loss attributable to noncontrolling interests																			-17,257,000
net income and comprehensive loss attributable to antero resources corporation																			-549,318,000
loss per share—basic																			-1,750
loss per share—diluted																			-1,750
weighted-average number of shares outstanding:
basic																			313,790,000																															262,050,000
diluted																			313,790,000																															262,050,000
cash and cash equivalents																				4,541,000												50,608,000	23,153,000	28,441,000	23,694,000	40,190,000		31,610,000	18,512,000	28,251,000	39,870,000	23,473,000	27,410,000	143,286,000	185,491,000	245,979,000	6,308,000	19,273,000	12,580,000	11,584,000
accounts receivable, related parties																										125,000,000
accumulated earnings																						-430,478,000	-500,308,000	35,305,000	498,609,000	837,419,000	1,319,615,000	2,198,479,000	2,156,311,000	1,177,548,000	1,299,094,000	1,453,513,000	1,589,898,000	1,575,065,000	1,088,196,000	1,223,259,000	1,228,391,000	959,995,000	1,445,767,000	1,207,512,000	1,803,756,000	1,808,811,000	1,650,347,000	1,116,505,000	1,261,878,000	867,447,000	260,725,000	56,816,000	99,101,000	416,880,000
water handling and treatment systems																														1,013,818,000	993,285,000	979,937,000	974,389,000	946,670,000	891,869,000	840,183,000	771,239,000	744,682,000	681,062,000	655,251,000	582,331,000	565,616,000
investments in unconsolidated affiliates																										1,055,177,000	1,819,323,000	1,967,203,000	1,989,612,000	433,642,000	392,893,000	358,830,000	321,468,000	303,302,000	287,842,000	259,697,000	230,418,000
noncontrolling interests in consolidated subsidiary																														821,669,000	757,539,000	748,690,000	739,953,000	726,955,000	731,591,000	641,402,000
natural gas properties, at cost
noncontrolling interest in consolidated subsidiary																																					615,253,000	1,465,953,000	1,399,534,000	1,367,497,000	1,362,062,000	1,352,286,000	1,334,560,000	1,090,453,000	1,091,561,000	1,090,037,000
water handling systems																																											517,513,000
fresh water distribution systems																																												441,692,000	433,632,000	421,012,000	390,966,000	346,851,000	290,132,000
contingencies
other																																														5,866,000	4,667,000	5,695,000	4,405,000	20,816,000
other long-term liabilities																																														47,587,000	44,147,000	41,650,000	40,867,000	34,333,000
accounts receivable – trade, net of allowance for doubtful accounts of 1,251 in 2013 and 2014																																															66,755,000
liabilities and stockholders' equity																																															2,014,000
total liabilities and stockholders' equity																																															9,315,880,000
accounts receivable — trade, net of allowance for doubtful accounts of 1,251 in 2013 and 2014																																																46,532,000
notes receivable - short-term portion																																																889,000	1,333,000
stockholders’ equity:
total stockholders’ equity																																																3,523,227,000	3,533,038,000
total liabilities and stockholders’ equity																																																8,045,208,000
accounts receivable — trade, net of allowance for doubtful
accounts of 1,251 in 2013 and 2014																																																	27,250,000
gathering and compression systems																																																	713,485,000
notes receivable — current portion																																																		3,111,000
oil and natural gas properties, at cost
notes receivable — long-term portion
accrued liabilities and other																																																		103,359,000
current portion of long-term debt																																																		25,000,000
members’ equity																																																		1,460,947,000
revenue:
commodity derivative fair value gains																																																		161,968,000
loss on sale of assets
production taxes																																																		11,851,000
impairment of unproved properties																																																		3,205,000
income from continuing operations before income taxes and discontinued operations																																																		185,164,000
income tax benefit
income from continuing operations																																																		117,794,000
discontinued operations:
income from results of operations and sale of discontinued operations																																																		3,100,000
net income and comprehensive income attributable to antero equity owners																																																		120,894,000
pro forma information:
pro forma earnings per share - basic:
continuing operations
discontinued operations
net income
pro forma earnings per share - diluted:
pro forma weighted-average number of shares outstanding:

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-09-30	2017-06-30	2017-03-31	2016-09-30	2016-06-30	2016-03-31	2015-09-30	2015-06-30

cash flows from operating activities:
net income including noncontrolling interests	548,213,000	202,918,000	85,610,000	166,573,000	219,466,000	116,152,000	-10,287,000	-60,455,000	48,287,000	115,933,000	32,642,000	-67,933,000	261,202,000	794,128,000	594,507,000							95,313,000	-553,846,000	-463,068,000	-338,810,000		-878,864,000	42,168,000	1,025,756,000	18,736,000	-77,972,000	-67,275,000	80,810,000	-90,000,000
adjustments to reconcile net income to net cash from operating activities:
depletion, depreciation, amortization and accretion	207,302,000	188,021,000	189,724,000	188,531,000	187,291,000	249,486,000	171,195,000	171,316,000	173,830,000	174,992,000	177,148,000	172,610,000	168,460,000	169,959,000	170,237,000
impairment of property and equipment	948,000	5,215,000
commodity derivative fair value losses	-35,023,000			-53,409,000	71,671,000					-28,400,000	-3,448,000	-8,284,000	-126,192,000	-191,729,000	530,523,000	265,662,000	1,011,380,000	-323,553,000	1,250,466,000	831,840,000	177,756,000	-196,851,000			-565,833,000				77,368,000
losses on settled commodity derivatives	-165,135,000									-8,872,000	-5,724,000	3,481,000	-14,268,000		-639,947,000
deferred income tax expense	143,820,000	68,208,000	43,282,000	49,013,000	53,462,000	-116,345,000	1,147,000	-13,404,000	9,962,000	28,493,000	13,626,000	-29,861,000	62,149,000	140,519,000	135,619,000								-173,878,000	-142,404,000	-109,985,000		-272,944,000	17,109,000	287,854,000		18,953,000	-25,573,000	9,120,000	-45,078,000	18,819,000	131,346,000	140,924,000	-376,494,000	4,815,000	498,709,000	163,249,000
equity-based compensation expense	11,733,000	14,311,000	15,501,000	15,855,000	15,145,000	17,169,000	16,065,000	17,151,000	16,077,000	14,531,000	18,458,000	13,512,000	13,018,000	12,221,000	10,402,000	8,171,000	4,649,000	5,248,000	5,298,000	4,249,000	5,642,000	6,316,000	5,699,000	7,973,000	3,329,000	4,232,000	3,875,000	6,549,000	8,903,000	13,985,000	16,202,000	19,071,000	21,156,000	26,447,000	26,975,000	25,503,000	26,381,000	25,816,000	23,470,000	79,280,000	55,365,000
equity in earnings of unconsolidated affiliate	-30,118,000	-10,205,000	-29,055,000	-30,563,000	-28,661,000	-23,925,000	-25,634,000	-20,881,000	-23,347,000	-23,966,000	-22,207,000	-19,098,000	-17,681,000		-14,972,000	-14,713,000	-25,178,000																				-1,543,000
dividends of earnings from unconsolidated affiliate	31,314,000	31,314,000	31,313,000	31,314,000	31,314,000	31,314,000	31,314,000	31,284,000	31,285,000	31,284,000	31,285,000	31,284,000	31,285,000	31,284,000	31,285,000	31,284,000	31,285,000		31,285,000	31,284,000	42,756,000
amortization of deferred revenue	-5,795,000	-6,368,000	-6,368,000	-6,298,000	-6,230,000	-6,812,000	-6,812,000	-6,739,000	-6,738,000	-7,700,000	-7,701,000	-7,618,000	-7,533,000	-9,478,000	-9,478,000	-9,375,000	-9,272,000	-11,403,000	-11,404,000	-11,279,000	-11,150,000	-9,332,000
amortization of debt issuance costs and other	420,000	24,000	90,000	357,000	466,000	520,000	572,000	613,000	715,000
settlement of asset retirement obligations	-107,000	-199,000	0	-17,000	-54,000	-400,000	-1,491,000	-1,358,000	-322,000	-85,000	0	-325,000	-308,000	-104,000	-60,000	0	-886,000
contract termination, loss contingency and settlements	10,837,000	3,941,000	-572,000	13,309,000	-1,308,000	201,000
gain on sale of assets	-45,950,000																		-539,000
loss on early extinguishment of debt	6,742,000	0	0	729,000	2,899,000	0								652,000	30,307,000	4,414,000	10,654,000	10,355,000	16,567,000
changes in current assets and liabilities:
accounts receivable	1,302,000	2,593,000	-5,498,000	8,735,000	-5,972,000	8,947,000	-2,604,000	16,569,000	2,498,000	8,990,000	-41,000	-6,681,000	5,282,000	-11,719,000	1,606,000	20,379,000	33,244,000	-44,231,000	-3,649,000	-487,000	-7,200,000	5,962,000	11,875,000	27,185,000	-54,514,000	17,395,000	8,388,000	-36,320,000	42,168,000	-19,809,000	-5,584,000	2,033,000	8,204,000	-11,417,000	20,380,000	-7,192,000	2,279,000	7,147,000	651,000	15,299,000	-2,987,000
accrued revenue	49,149,000	-135,977,000	11,020,000	145,487,000	-59,769,000	-134,436,000	43,274,000	-36,233,000	74,587,000	-27,414,000	-49,951,000	55,896,000	328,349,000	216,657,000	27,712,000	-291,170,000	-69,442,000	61,079,000	-158,782,000	-47,226,000	-21,199,000	-86,585,000	-83,866,000	-53,543,000	116,566,000	-36,709,000	27,584,000	56,389,000	109,677,000	-120,818,000	-32,796,000	-41,291,000	20,199,000	-14,964,000	1,438,000	41,901,000	-63,011,000	2,967,000	-8,204,000	75,765,000	66,091,000
prepaid expenses and other current assets	4,596,000	-9,112,000	10,504,000	-6,192,000	-2,190,000	194,000	1,939,000	9,248,000	-2,701,000
accounts payable including related parties	60,720,000	334,000	12,460,000	-27,134,000	11,995,000	31,024,000	-2,339,000	3,372,000	3,244,000	-29,073,000	-465,000	-21,903,000	34,604,000	-26,848,000	8,844,000	12,714,000	37,664,000	-40,292,000	32,427,000	-9,846,000	16,527,000	-17,084,000	18,984,000	-19,931,000	-1,251,000	-27,025,000	1,453,000
accrued liabilities	-46,571,000	49,551,000	-9,007,000	1,024,000	-86,552,000	64,675,000	-48,565,000	45,995,000	-60,825,000	55,897,000	-15,648,000	40,678,000	-143,346,000	-42,252,000	-571,000	131,659,000	-94,456,000	-46,798,000	59,883,000	82,278,000	-17,779,000	22,432,000	-200,000	35,315,000	-19,593,000	-14,593,000	10,977,000	-7,181,000	-14,965,000	36,116,000	3,381,000	13,706,000	10,359,000	38,839,000	-15,135,000	19,339,000	48,053,000	-41,354,000	47,785,000	29,537,000	10,904,000
revenue distributions payable	120,021,000	40,652,000	-2,798,000	-165,000	48,286,000	-12,420,000	-1,023,000	-29,184,000	-3,222,000	23,537,000	-21,243,000	-22,392,000	-86,331,000	-214,116,000	197,287,000	76,692,000	-36,526,000	128,938,000	48,010,000	-14,487,000	84,296,000	49,200,000	-24,843,000	3,773,000	-33,333,000	-30,663,000	-62,381,000	-34,000	-9,761,000	64,995,000	34,598,000	-26,673,000	28,290,000	17,820,000	4,376,000	34,786,000	37,148,000	2,136,000	2,969,000	-20,839,000	8,529,000
other current liabilities	-9,360,000	14,126,000	-7,703,000	-5,280,000	12,454,000	2,072,000	-1,297,000	1,625,000	780,000	-4,984,000	-750,000	4,848,000	529,000	-5,414,000	-29,781,000	26,116,000	-3,557,000	-3,575,000	121,000	14,100,000	2,249,000	-29,000	-14,000	-481,000	435,000	3,205,000	268,000	-833,000	1,952,000	-1,174,000	-807,000	-352,000	-1,490,000	-1,587,000	1,286,000	-676,000	577,000	-445,000	-29,000	-3,678,000	1,668,000
net cash from operating activities	859,058,000	370,743,000	310,090,000	492,358,000	457,739,000	278,002,000	166,177,000	143,499,000	261,610,000	312,175,000	183,381,000	155,263,000	343,902,000	475,285,000	1,087,672,000	922,712,000	565,673,000	475,164,000	312,680,000	308,541,000	563,731,000	243,130,000	175,870,000	115,963,000	200,677,000	147,940,000	198,410,000	218,104,000	539,004,000	821,589,000	421,458,000	297,391,000	541,549,000	1,045,222,000	253,647,000	393,939,000	326,991,000	238,538,000	340,168,000	836,600,000	590,595,000
capital expenditures	-4,628,000	-1,450,000	-2,377,000	-976,000	-604,000	-801,000	-1,093,000	-2,535,000	-6,500,000	-3,309,000	-4,015,000	-4,427,000	-4,631,000	-2,125,000	-1,026,000	-3,632,000	-7,530,000	-21,541,000	-11,762,000	1,016,000	-3,336,000	-1,617,000	-112,000	-463,000	-771,000	-720,000	-1,351,000	-1,501,000	-3,128,000	-2,143,000	-1,869,000	-931,000	-2,571,000	-4,853,000	-5,974,000	-590,000	-451,000	-755,000	-541,000	-5,225,000	-2,794,000
free cash flows	854,430,000	369,293,000	307,713,000	491,382,000	457,135,000	277,201,000	165,084,000	140,964,000	255,110,000	308,866,000	179,366,000	150,836,000	339,271,000	473,160,000	1,086,646,000	919,080,000	558,143,000	453,623,000	300,918,000	309,557,000	560,395,000	241,513,000	175,758,000	115,500,000	199,906,000	147,220,000	197,059,000	216,603,000	535,876,000	819,446,000	419,589,000	296,460,000	538,978,000	1,040,369,000	247,673,000	393,349,000	326,540,000	237,783,000	339,627,000	831,375,000	587,801,000
cash flows from investing activities:
additions to unproved properties	-16,922,000	-39,293,000	-33,314,000	-26,233,000	-30,407,000	-21,962,000	-25,462,000	-16,527,000	-27,044,000	-12,014,000	-28,674,000	-36,920,000	-73,527,000	-28,870,000	-48,067,000	-48,283,000	-23,789,000	-30,178,000	-19,487,000	-14,782,000	-14,691,000	-13,993,000	-9,464,000	-11,315,000	-10,357,000	-18,886,000	-12,982,000	-29,351,000	-27,463,000	-42,006,000	-42,520,000	-38,292,000	-49,569,000	-52,331,000	-74,334,000	-55,542,000	-501,377,000	-29,520,000	-28,675,000	-170,291,000	-131,683,000
drilling and completion costs	-184,551,000	-162,166,000	-166,968,000	-181,200,000	-175,134,000	-105,552,000	-147,075,000	-173,323,000	-188,905,000	-204,494,000	-242,261,000	-244,437,000	-273,154,000	-191,556,000	-195,587,000	-208,949,000	-184,557,000	-153,276,000	-173,943,000	-168,825,000	-105,131,000	-132,345,000	-141,693,000	-251,744,000	-300,483,000	-296,187,000	-277,843,000	-311,401,000	-368,687,000	-362,913,000	-372,879,000	-392,913,000	-359,868,000	-317,200,000	-322,383,000	-306,925,000	-299,877,000	-314,789,000	-395,185,000	-1,350,498,000	-1,009,421,000
additions to other property and equipment	-4,628,000	-1,450,000	-2,377,000	-976,000	-604,000	-801,000	-1,093,000	-2,535,000	-6,500,000	-3,309,000	-4,015,000	-4,427,000	-4,631,000	-2,125,000	-1,026,000	-3,632,000	-7,530,000	-21,541,000	-11,762,000	1,016,000	-3,336,000	-1,617,000	-112,000	-463,000	-771,000	-720,000	-1,351,000	-1,501,000	-3,128,000	-2,143,000	-1,869,000	-931,000	-2,571,000	-4,853,000	-5,974,000	-590,000	-451,000	-755,000	-541,000	-5,225,000	-2,794,000
acquisition of hg production	-2,794,308,000
acquisitions of oil and gas properties	-7,631,000	-11,966,000
proceeds from asset sales	737,123,000	321,000	4,434,000	10,947,000	575,000	2,015,000	7,066,000	55,000	363,000	0	136,000	220,000	91,000	1,600,000	952,000	0	195,000	0	841,000							0	0													40,000,000	40,000,000
change in other assets	-12,569,000	-9,070,000	-9,422,000	-27,000	-2,321,000	398,000	-7,562,000	5,015,000	-4,724,000	-6,813,000	-1,283,000	-1,672,000	417,000	-4,298,000	199,000	1,147,000	564,000	261,000	1,774,000	335,000	262,000	1,300,000	981,000	595,000	-70,000	-370,000	12,435,000	-499,000	-4,475,000	-988,000	4,351,000	-6,809,000	-217,000	-3,696,000	-102,000	-12,350,000	45,752,000	-38,753,000	-9,172,000	11,190,000	-759,000
net cash from investing activities	-2,283,486,000	-223,624,000	-448,809,000	-197,489,000	-207,891,000	-125,902,000	-174,126,000	-187,315,000	-226,810,000	-226,630,000	-276,097,000	-287,236,000	-350,804,000	-225,249,000	-243,529,000	-259,717,000	-215,117,000	-205,329,000	-202,577,000	-179,903,000	-122,975,000	-145,998,000	65,545,000	-262,927,000	-186,681,000	-216,163,000	-279,741,000	-340,769,000	-204,817,000	-580,385,000	-597,992,000	-608,778,000	-563,569,000	-550,765,000	-709,069,000	-688,473,000	-936,308,000	-519,064,000	-519,295,000	-1,836,864,000	-1,338,778,000
cash flows from financing activities:
issuance of senior notes	750,000,000																	0	0	600,000,000	1,200,000,000						0	0	650,000,000											750,000,000	750,000,000
repayment of senior notes	-369,997,000	0	0	-23,687,000	-118,046,000									-16,246,000	-352,407,000	-66,963,000	-591,943,000	-130,303,000	-189,656,000	-574,182,000	-660,516,000	-319,048,000	-403,430,000	-195,706,000	-300,835,000
borrowings on term loan	1,500,000,000
repayments on term loan	-236,000,000
borrowings on credit facility	2,079,800,000	1,267,200,000	1,350,000,000	983,400,000	1,308,400,000	799,100,000	1,381,800,000	824,300,000	1,125,700,000
repayments on credit facility	-2,445,900,000	-1,176,800,000	-1,141,800,000	-1,147,500,000	-1,397,500,000	-932,600,000	-1,351,100,000	-743,600,000	-1,127,600,000
repurchases of common stock		-83,000	-51,355,000	-74,872,000	-10,094,000					1,000	0	0	-75,356,000	-198,332,000	-382,361,000	-193,006,000	-100,045,000					0	0	-753,000	-42,690,000	-20,848,000
payment of debt issuance costs	-10,838,000	-7,905,000				-74,000								0				-8,660,000	-374,000	-7,070,000	-15,370,000
distributions to noncontrolling interests in martica holdings llc	-17,650,000		-16,525,000	-21,512,000	-15,969,000		-15,736,000	-19,282,000	-23,617,000		-21,161,000	-31,745,000	-51,339,000		-46,217,000	-31,541,000	-35,757,000		-18,755,000	-21,329,000	-24,699,000	-18,671,000
employee tax withholding for settlement of equity-based compensation awards	-34,732,000	-2,900,000	-131,000	-10,320,000	-16,298,000	-2,581,000	-669,000
other	-255,000	-427,000	-392,000	-378,000	-341,000	-294,000	-282,000	-271,000	-259,000	-251,000	-237,000	-184,000	-158,000	-133,000	-165,000	-143,000	-134,000	-167,000	-183,000	-244,000	-265,000	-287,000	-5,437,000	1,993,000	2,440,000	2,502,000	2,509,000	-5,411,000	11,081,000	1,736,000	1,013,000	963,000	969,000	719,000	385,000	87,000	-2,165,000	347,000	274,000	12,129,000	3,999,000
net cash from financing activities	1,214,428,000	62,881,000	138,719,000	-294,869,000	-249,848,000	-152,100,000	7,949,000	43,816,000	-34,800,000	-85,545,000	92,716,000	131,973,000	6,902,000	-250,036,000	-844,143,000	-662,995,000	-350,556,000	-269,835,000	-114,644,000	-124,097,000	-440,756,000	-97,132,000	-241,415,000	146,964,000	-13,996,000	68,223,000	81,331,000	122,665,000	285,345,000	-241,204,000	125,926,000	338,842,000	16,732,000	-510,953,000	495,612,000	262,924,000	599,578,000	268,907,000	195,524,000	781,695,000	645,490,000
net decrease in cash, cash equivalents and restricted cash	-210,000,000
cash, cash equivalents and restricted cash, beginning of period	210,000,000
cash, cash equivalents and restricted cash, end of period
supplemental disclosure of cash flow information:
cash paid during the period for interest	50,616,000	7,170,000	32,866,000	4,965,000	43,078,000	10,614,000	45,932,000	15,260,000	48,252,000	13,843,000	48,140,000	8,688,000	43,239,000		59,342,000	8,872,000	80,454,000		72,821,000	23,029,000	35,097,000	56,808,000	33,609,000	71,796,000	30,089,000		23,108,000	82,099,000	37,081,000	96,280,000	49,258,000	88,221,000	42,010,000	49,040,000	89,514,000	35,770,000	11,800,000	106,778,000	14,350,000	116,579,000	103,133,000
increase in accounts payable, accrued liabilities and other current liabilities for additions to property and equipment	44,277,000
increase in accounts payable, related parties for acquisition of hg production	10,809,000
commodity derivative fair value gains		-90,068,000					-18,368,000	5,585,000	-9,446,000																		-220,788,000				-57,020,000
settled commodity derivative gains
payments for derivative monetizations										0	0	0	-202,339,000
loss on sale of assets		-408,000	171,000	546,000	-575,000			-18,000	188,000	0	-136,000	-220,000	-91,000	-1,600,000	214,000	71,000	1,786,000									0	0
loss on convertible note inducements
distributions to noncontrolling interests
convertible note inducements
net increase in cash, cash equivalents and restricted cash
increase in accounts payable and accrued liabilities for additions to property and equipment										-38,462,000					27,137,000	10,945,000	-14,449,000		-9,042,000	6,707,000	35,882,000				10,767,000		11,137,000	-56,065,000	22,825,000		5,236,000									-193,288,000	-210,217,000
increase in other current liabilities for acquisitions of oil and gas properties		-8,472,000
gains on settled commodity derivatives			-1,569,000	-6,354,000	-11,017,000		4,268,000	5,894,000	1,368,000								-285,386,000	-702,317,000	-416,132,000	-70,273,000	5,322,000	53,879,000	215,967,000	313,912,000	210,926,000	63,296,000	120,003,000	44,699,000	97,092,000	-25,257,000	71,144,000	95,884,000	101,341,000
net increase in cash and cash equivalents																																			40,190,000	-31,610,000		-11,619,000	16,397,000		-102,693,000
cash and cash equivalents, beginning of period																														0	0	0	28,441,000	0	0	31,610,000	0	0	23,473,000	245,979,000	245,979,000
cash and cash equivalents, end of period																																27,455,000	23,153,000	-16,496,000			-9,739,000	-11,619,000	39,870,000	27,410,000	143,286,000
decrease in accounts payable, accrued liabilities and other current liabilities for additions to property and equipment
impairments				6,297,000	5,618,000	28,475,000	13,455,000	313,000	5,190,000	6,556,000	13,476,000	15,710,000	15,560,000	69,982,000	33,924,000	23,363,000	22,462,000	20,905,000	26,253,000	9,303,000	34,062,000
decrease in accounts payable and accrued liabilities for additions to property and equipment				-10,310,000	-19,271,000		-1,607,000	308,000	-3,275,000			1,565,000	-9,918,000									-138,921,000	-17,003,000										12,691,000			-10,020,000	-33,563,000	-36,480,000	-119,191,000
loss on convertible note inducement											0	0	86,000
convertible note inducement											0	0	-86,000
contract termination and loss contingency								2,806,000	200,000	199,000
employee tax withholding for settlement of equity compensation awards									-9,024,000	-2,924,000	-86,000	-15,898,000	-11,459,000	-1,103,000	-210,000	-54,442,000	-10,377,000	-564,000	-3,176,000	-3,885,000	-5,645,000	-49,000	-42,000	-299,000	-32,000	-10,000	-84,000	-1,816,000	-479,000	-8,815,000	-238,000	-6,883,000	-1,084,000	-67,000	-6,776,000	-1,657,000	-57,000	-4,702,000	-117,000
amortization of debt issuance costs, debt discount and other
loss on convertible note inducements and equitizations
change in other liabilities																		-595,000	0	2,000	-79,000
sale of noncontrolling interest																		0	0			51,000,000	0
convertible note inducements and equitizations
amortization of debt issuance costs, debt discount and debt premium											869,000	861,000	871,000		943,000	1,064,000	1,451,000
other current assets											11,290,000	698,000	20,596,000		8,902,000	-19,614,000	-2,952,000	6,011,000	-6,326,000	-2,962,000	3,593,000	-4,052,000	-2,244,000	1,372,000	-583,000	-3,390,000	58,000	943,000	1,364,000	-2,096,000	-6,074,000	3,784,000	-1,431,000	-1,451,000	981,000	-3,366,000	3,126,000	1,544,000	15,000	4,127,000	1,047,000
borrowings on bank credit facilities											114,200,000	179,800,000	145,300,000																			410,000,000	75,000,000			70,000,000
proceeds from (payments for) derivative monetizations																		0
equity in (earnings) loss of unconsolidated affiliate																		-19,464,000	-21,450,000	-17,477,000	-18,694,000
amortization of debt issuance costs, debt discount, debt premium and other																		2,370,000	2,245,000	3,341,000	4,536,000
loss on convertible note inducement and equitizations														0
prepaids and other current assets
settlement of water earnout																						0	0	0	125,000,000
proceeds from vpp sale																						-44,000
issuance of convertible notes																						0
borrowings (repayments) on bank credit facilities														25,800,000	-61,800,000	-316,900,000	387,700,000	-97,500,000	97,500,000	-143,200,000	-873,800,000	190,000,000	-99,000,000	44,000,000	330,000,000		100,000,000	125,000,000	-270,000,000	-21,621,000									33,000,000	-705,000,000
convertible note inducement and equitizations														0
loss on convertible note equitizations																		0	0
convertible note equitizations																		0	0
net loss including noncontrolling interests																	-174,696,000	958,021,000	-566,575,000	-534,451,000	-11,104,000
adjustments to reconcile net loss to net cash from operating activities:
depletion, depreciation, amortization, and accretion																	170,832,000	178,716,000	183,638,000	188,661,000	194,814,000	209,831,000	239,533,000	215,146,000	200,781,000	191,802,000	242,430,000	243,220,000	241,177,000	263,703,000	243,897,000	238,750,000	228,934,000	207,626,000	201,831,000	203,366,000	199,741,000	197,982,000	192,180,000	549,240,000	360,154,000
deferred income tax benefit																	-57,383,000	263,275,000	-158,656,000	-175,966,000	-2,946,000
distributions/dividends of earnings from unconsolidated affiliate
loss on the sale of equity method investment shares
water earnout
gain on deconsolidation of antero midstream partners lp																										0	0	0	-1,406,042,000
additions to water handling and treatment systems																										0	0	0	-24,416,000	-20,314,000	-19,258,000	-17,842,000	-40,285,000	-48,019,000	-58,497,000	-36,954,000	-58,730,000	-41,589,000	-37,036,000
additions to gathering systems and facilities																										0	0	0	-48,239,000	-106,965,000	-130,695,000	-113,083,000	-93,670,000	-99,254,000	-88,806,000	-66,559,000	-56,836,000	-48,614,000	-48,686,000	-282,813,000	-200,045,000
investments in unconsolidated affiliates																										0	0	0	-25,020,000	-45,056,000	-35,122,000	-38,908,000	-17,389,000	-25,412,000
proceeds from sale of common stock of antero midstream corporation
proceeds from the antero midstream partners lp transactions																										0	0	0	296,611,000
effect of deconsolidation of antero midstream partners lp																											0	0	-619,532,000
gain on early extinguishment of debt																					43,204,000	-597,000	-55,633,000	-39,171,000	-80,561,000
loss on convertible note equitization																					39,046,000
convertible note equitization																					-60,461,000
net decrease in cash and cash equivalents																																	-5,288,000							-218,569,000
premium paid on derivative contract
proceeds from derivative monetizations																						-9,066,000
gains on settled marketing derivatives																														-5,411,000	-16,060,000	-15,884,000	110,042,000
marketing derivative fair value gains																															43,000
equity in (earnings) loss of unconsolidated affiliates																								-20,228,000	128,055,000
distributions/dividends of earnings from unconsolidated affiliates																						42,755,000	42,756,000	42,755,000	42,756,000	48,715,000	48,714,000
issuance of senior notes by antero midstream partners lp
distributions to noncontrolling interests in antero midstream partners lp																										0	0	0	-85,076,000

impairment of oil and gas properties																							29,392,000	37,350,000	89,220,000		1,041,469,000
impairment of midstream assets
equity in loss of unconsolidated affiliates
impairment of equity investment																							0	0	610,632,000
amortization of debt issuance costs, debt discount debt premium and other
payments of deferred financing costs																										3,712,000	0	0	-8,259,000								-8,933,000	-32,000	-64,000	-17,190,000	-15,254,000
net income and comprehensive income including noncontrolling interests
premium paid on derivative contracts
loss on sale of antero midstream corporation shares
equity in earnings of unconsolidated affiliates																										53,023,000	117,859,000	-13,585,000	-14,081,000	-12,448,000	-10,706,000	-9,264,000	-7,862,000	-7,033,000	-3,623,000	-2,231,000
additions to proved properties																																		0	-129,654,000	-49,664,000
issuance of common units by antero midstream partners lp																																		2,364,000	23,466,000	223,119,000
proceeds from sale of common units of antero midstream partners lp held by antero resources corporation																																					0	0	178,000,000
antero midstream partners lp cash at deconsolidation
impairment of gathering systems and facilities																												0	6,982,000	0	1,157,000
impairment of unproved properties																													81,244,000	143,369,000	221,095,000	134,437,000	50,536,000	41,000,000	15,199,000	26,899,000	11,753,000	19,944,000	15,526,000	43,670,000	34,916,000
distributions of earnings from unconsolidated affiliates																													12,605,000	16,755,000	11,765,000	10,810,000	7,085,000	4,300,000
accounts payable																													-21,370,000	1,130,000	5,229,000	10,990,000	-8,042,000	2,659,000	-10,473,000	12,545,000	-10,845,000	-2,213,000	5,643,000	-1,302,000	4,579,000
commodity derivative fair value (gains) losses
marketing derivative fair value (gains) losses
issuance of common stock																																					84,815,000			537,832,000	537,693,000
make-whole premium on debt extinguished
distributions to noncontrolling interests in consolidated subsidiary																														-78,496,000	-69,752,000	-63,108,000	-55,915,000	-40,184,000
cash flows used in investing activities:
adjustment to reconcile net income to net cash from operating activities:
commodity derivative gains																																	-22,437,000
marketing derivative gains																																	-94,234,000
supplemental disclosure of noncash investing activities:
derivative fair value gains																																				-438,775,000			-279,924,000
gains on settled derivatives																																		61,479,000	31,064,000	44,849,000	196,711,000	292,501,000	324,347,000	586,639,000	380,720,000
repayments on bank credit facilities																																					-125,000,000
derivative fair value losses																																								-1,836,398,000	-757,327,000
net income including noncontrolling interest																																				305,558,000	268,196,000	-575,490,000	10,650,000	804,422,000	259,688,000
investment in unconsolidated affiliate																																				-159,889,000	0
distributions to noncontrolling interest in consolidated subsidiary																																				-27,149,000	-19,557,000	-17,668,000	-14,013,000	-21,358,000	-12,617,000
gain on sale of discontinued operations
deferred income tax expense—discontinued operations
issuance of common units in antero midstream partners lp																																								240,972,000
additions to water handling systems																																								-79,227,000
additions to fresh water distribution systems																																									-34,076,000
borrowings (repayments) on bank credit facility																																									-612,000,000
derivative fair value (gains) losses
cash receipts (payments) for settled derivatives
derivative fair value gain
cash receipts for settled derivatives
loss on sale of discontinued operations
depletion, depreciation, amortization, and impairment of unproved properties—discontinued operations
derivative fair value gains—discontinued operations
cash receipts for settled derivatives—discontinued operations
deferred income tax benefit—discontinued operations
changes in assets and liabilities:
decrease in notes receivable
increase in accounts payable for additions to property and equipment
net income
stock compensation expense
deferred income tax expense - discontinued operations
borrowings on bank credit facility
stock compensation
payments of deferred financing costs and redemption premiums on early extinguishment of debt
changes in accounts payable for additions to property and equipment
additions to gathering and compression systems
depletion, depreciation, amortization, accretion, and impairment of unproved properties – discontinued operations
commodity derivative fair value gains - discontinued operations
cash receipts for settled derivatives - discontinued operations
deferred income tax expense – discontinued operations
development costs
changes in other assets
increase in accounts payable for additions to properties, gathering systems, and facilities

Antero Resources Corporation(NYSE:AR)

Antero Resources Corporation
(NYSE:AR)