Antero Resources Corp
Research Antero Resources Corp (AR) on Bullrun: valuation model: 18.4% undervalued, market cap USD 11.08B, P/E 10.3. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerAR
- ExchangeNYSE
- CountryUnited States
- SectorEnergy
- IndustryOil & Gas E&P
- CurrencyUSD
- Valuation signal18.4% undervalued
- Market capUSD 11.08B
- P/E10.3
- Financial periodQ2 2026
- RevenueUSD 1.34B
- Net incomeUSD 278.66M
- Free cash flowUSD 413.59M
- Gross margin20.7%
Valuation Snapshot
Bullrun's latest valuation model marks Antero Resources Corp as 18.4% undervalued; latest market cap is USD 11.08B; P/E is 10.3.
Peer valuation comparison
Latest P/E is 10.31x versus a Energy sector median of 15.51x (33.6% below).
Latest P/E is 10.31x versus a United States median of 23.85x (56.8% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 5.28B | USD 675.00M | USD 1.24B | 21.0% | 2.03 | USD 210.00M | USD 1.40B | USD 7.55B |
| FY2024 | USD 4.33B | USD 94.00M | USD 747.36M | 7.6% | 0.18 | USD 0 | USD 1.49B | USD 7.02B |
| FY2023 | USD 4.68B | USD 297.00M | USD 827.20M | 13.1% | 0.64 | USD 0 | USD 1.54B | USD 6.90B |
| FY2022 | USD 7.14B | USD 2.00B | USD 2.11B | 64.3% | 5.69 | USD 0 | USD 1.18B | USD 6.75B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 11.08B | 10.3 | n/a | n/a |
| 2025 | 2025-12-31 | USD 10.63B | 17.0 | n/a | n/a |
| 2024 | 2024-12-31 | USD 10.91B | 876.2 | n/a | n/a |
| 2023 | 2023-12-29 | USD 6.82B | 8.2 | n/a | n/a |
| 2022 | 2022-12-30 | USD 9.30B | 5.0 | n/a | n/a |
| 2021 | 2021-12-31 | USD 5.49B | n/a | n/a | n/a |
About Antero Resources Corp
Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Production; Marketing; and Equity Method Investment in Antero Midstream. As of December 31, 2025, the company had approximately 537,000 net acres in the Appalachian Basin; and approximately 168,000 net acres in the Upper Devonian Shale.
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Frequently asked questions
Is Antero Resources Corp overvalued or undervalued?
Bullrun's valuation model currently marks Antero Resources Corp as 18.4% undervalued.
What is Antero Resources Corp's market cap?
Antero Resources Corp's market capitalization is USD 11.08B.
What is Antero Resources Corp's P/E ratio?
Antero Resources Corp's price-to-earnings (P/E) ratio is 10.3.
What does Antero Resources Corp do?
Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Production; Marketing; and Equity Method Investment in Antero Midstream. As of December 31, 2025, the company had approximately 537,000 net acres in the Appalachian Basin; and approximately 168,000 net acres in the Upper Devonian Shale.