Market Summary
USD23.34-0.16
Market Closed-0.68%
AR Stock Price
AR RSI Chart
AR Valuation
AR Price/Sales (Trailing)
AR Profitability
AR Fundamentals
AR Revenue
AR Earnings
Price Action
52 Week Range
20.0648.80
(Low)(High)
Last 7 days
6.7%
Last 30 days
4.4%
Last 90 days
-5.6%
Trailing 12 Months
-40.3%
AR Financial Health
AR Investor Care
Peers (Alternatives to Antero Resources)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
EOG | 70.4B | 27.8B | -3.28% | -7.85% | 9.08 | 2.74 | 46.65% | 114.58% |
OXY | 60.4B | 35.8B | -3.54% | -7.96% | 4.68 | 1.64 | 21.97% | 31.96% |
PXD | 50.3B | 22.8B | -4.79% | -19.19% | 7.13 | 2.21 | 8.58% | 68.17% |
DVN | 49.8B | 19.1B | -8.43% | -25.25% | 9.45 | 2.71 | 21.85% | 67.76% |
FANG | 24.1B | 9.2B | -5.78% | 1.31% | 5.53 | 2.64 | 14.20% | 56.87% |
APA | 14.4B | 11.9B | -8.92% | -22.46% | 4.67 | 1.31 | 50.58% | 232.96% |
| MID-CAP | ||||||||
OVV | 8.6B | 13.4B | -2.38% | -27.17% | 1.97 | 0.64 | 15.65% | 404.04% |
RRC | 7.0B | 5.4B | 14.67% | - | 3.28 | 1.29 | 75.54% | 3039.31% |
MTDR | 5.6B | 3.1B | -3.77% | -9.58% | 4.7 | 1.81 | 41.49% | 59.32% |
OAS | 4.4B | 3.9B | - | - | 4.99 | 1.94 | 103.95% | 100.98% |
KOS | 3.4B | 2.0B | -4.34% | -7.81% | 15.21 | 1.53 | 9.15% | 2052.25% |
CRK | 2.9B | 3.5B | -3.75% | -37.96% | 2.09 | 0.82 | 74.35% | 733.18% |
CPE | 2.1B | 3.0B | -0.95% | -33.48% | 1.48 | 0.68 | 59.93% | 186.57% |
| SMALL-CAP | ||||||||
PARR | 1.5B | 7.3B | -8.38% | 37.61% | 4 | 0.2 | 55.45% | 547.97% |
LPI | 805.4M | 1.7B | -8.19% | -35.44% | 1.28 | 0.42 | 2.66% | 522.62% |
Financials for Antero Resources
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Revenue | -5.9% | 8,197 | 8,712 | 8,888 | 8,076 | 6,928 |
| S&GA Expenses | 12.5% | 194 | 173 | 159 | 149 | 137 |
| Costs and Expenses | 1.9% | 4,650 | 4,565 | 4,560 | 4,487 | 4,477 |
| EBITDA | -8.4% | 3,030 | 3,307 | 1,847 | 98.00 | - |
| EBITDA Margin | -6.5% | 0.35* | 0.37* | 0.27* | 0.01* | - |
| Earnings Before Taxes | 22.3% | 3,026 | 2,475 | 2,762 | 1,306 | -441 |
| EBT Margin | -8.6% | 0.28* | 0.31* | 0.19* | -0.06* | - |
| Interest Expenses | 9.6% | -113 | -125 | -144 | -161 | -176 |
| Net Income | 21.5% | 2,462 | 2,026 | 2,190 | 1,029 | -317 |
| Net Income Margin | -5.6% | 0.23* | 0.25* | 0.15* | -0.05* | - |
| Free Cahsflow | 0.0% | 3,051 | 3,051 | 2,276 | 1,662 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Assets | -1.7% | 13,871 | 14,118 | 14,413 | 14,213 | 13,804 |
| Current Assets | -44.4% | 438 | 788 | 978 | 1,015 | 725 |
| Cash Equivalents | NaN% | - | - | - | - | - |
| Liabilities | -5.6% | 6,701 | 7,101 | 7,943 | 7,939 | 8,075 |
| Current Liabilities | -15.6% | 1,498 | 1,775 | 2,544 | 2,475 | 2,551 |
| LT Debt, Non Current | 10.9% | 1,312 | 1,183 | 1,173 | 1,577 | 1,960 |
| Shareholder's Equity | 2.3% | 6,911 | 6,755 | 6,211 | 6,274 | 5,729 |
| Retained Earnings | 20.6% | 1,102 | 914 | 266 | -119 | -795 |
| Additional Paid-In Capital | -0.6% | 5,806 | 5,839 | 5,942 | 6,120 | 6,267 |
| Shares Outstanding | 0.7% | 299 | 297 | 303 | 309 | 314 |
| Minority Interest | -1.4% | 259 | 263 | 259 | 270 | 255 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Cashflow From Operations | -7.3% | 2,830 | 3,051 | 3,051 | 2,276 | 1,662 |
| Share Based Compensation | 23.6% | 44.00 | 35.00 | 28.00 | 23.00 | 19.00 |
| Cashflow From Investing | -14.4% | -1,079 | -943 | -923 | -882 | -802 |
| Cashflow From Financing | 17.0% | -1,750 | -2,107 | -2,127 | -1,398 | -859 |
| Buy Backs | -2.8% | 849 | 874 | 901 | 586 | 400 |
Risks for AR
What is the probability of a big loss on AR?
96.9%
Probability that Antero Resources stock will be more than 20% underwater in next one year
74.2%
Probability that Antero Resources stock will be more than 30% underwater in next one year.
51.5%
Probability that Antero Resources stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does AR drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Antero Resources was unfortunately bought at previous high price.
Drawdowns
Returns for AR
Cumulative Returns on AR
-2.1%
7-Year Cumulative Returns
5.0%
5-Year Cumulative Returns
94.0%
3-Year Cumulative Returns
What are the long-term rolling returns for AR?
FIve years rolling returns for Antero Resources.
Annualized Returns
Which funds bought or sold AR recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-05-23 | Toroso Investments, LLC | added | 313 | 1,177,000 | 1,742,000 | 0.03% |
2023-05-23 | ROYCE & ASSOCIATES LP | reduced | -62.31 | -2,633,310 | 1,028,310 | 0.01% |
2023-05-23 | Capital Impact Advisors, LLC | added | 10.74 | -115,271 | 543,700 | 0.67% |
2023-05-22 | PUTNAM INVESTMENTS LLC | reduced | -51.06 | -5,906,950 | 3,389,870 | -% |
2023-05-22 | AMERIPRISE FINANCIAL INC | reduced | -51.87 | -58,244,600 | 32,559,400 | 0.01% |
2023-05-18 | JPMORGAN CHASE & CO | reduced | -1.92 | -23,117,000 | 62,749,000 | 0.01% |
2023-05-18 | NEW YORK STATE COMMON RETIREMENT FUND | added | 18.01 | -2,896,000 | 21,082,000 | 0.03% |
2023-05-17 | Long Focus Capital Management, LLC | added | 15.7 | -5,987,310 | 37,426,600 | 2.12% |
2023-05-17 | Thrivent Financial for Lutherans | reduced | -0.92 | -596,000 | 1,683,000 | -% |
2023-05-17 | Advisory Services Network, LLC | added | 12,400 | 11,421 | 11,545 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Antero Resources News
Schedule 13G FIlings of Antero Resources
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | fmr llc | - | 0 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 8.85% | 26,562,257 | SC 13G/A | |
| Feb 03, 2023 | blackrock inc. | 8.4% | 25,075,763 | SC 13G | |
| Nov 10, 2022 | fmr llc | - | 0 | SC 13G/A | |
| Jul 08, 2022 | blackrock inc. | 4.2% | 13,032,321 | SC 13G | |
| Feb 14, 2022 | fpr partners llc | 0.9% | 2,936,166 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 8.35% | 26,219,640 | SC 13G/A | |
| Feb 03, 2022 | blackrock inc. | 7.3% | 22,925,205 | SC 13G | |
| Jan 10, 2022 | fmr llc | - | 0 | SC 13G | |
| Feb 19, 2021 | sailingstone capital partners llc | 5.06% | 13,585,032 | SC 13G/A |
AR Fair Value
Antero Resources fair value in different scenarios
The table shows the Fair Value estimates for Antero Resources for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 47.11 101.84% | 67.05 187.28% | 100.87 332.18% | 140.58 502.31% | 167.43 617.35% |
| Current Inflation | 43.89 88.05% | 61.39 163.02% | 90.41 287.36% | 124.20 432.13% | 146.94 529.56% |
| Very High Inflation | 39.86 70.78% | 54.46 133.33% | 77.91 233.80% | 104.91 349.49% | 122.97 426.86% |
Historical Antero Resources Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Antero Resources
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| May 15, 2023 | 8-K | Current Report | |
| May 11, 2023 | 4 | Insider Trading | |
| May 11, 2023 | 4 | Insider Trading | |
| May 11, 2023 | 4 | Insider Trading | |
| May 05, 2023 | 144 | Notice of Insider Sale Intent | |
| May 05, 2023 | 4 | Insider Trading | |
| Apr 27, 2023 | ARS | ARS | |
| Apr 27, 2023 | DEF 14A | DEF 14A | |
| Apr 27, 2023 | DEFA14A | DEFA14A | |
| Apr 26, 2023 | 10-Q | Quarterly Report |
Latest Insider Trading transactions for AR
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-05-09 | Kennedy Michael N. | acquired | - | - | 32,860 | see remarks |
2023-05-09 | RADY PAUL M | acquired | - | - | 62,812 | see remarks |
2023-05-09 | RADY PAUL M | sold (taxes) | -3,711,050 | 21.1 | -175,879 | see remarks |
2023-05-09 | Schultz Yvette K | acquired | - | - | 11,810 | see remarks |
2023-05-09 | RADY PAUL M | acquired | - | - | 209,505 | see remarks |
2023-05-05 | Kennedy Michael N. | sold | -3,160,500 | 21.07 | -150,000 | see remarks |
2023-04-15 | Kennedy Michael N. | sold (taxes) | -299,294 | 23.89 | -12,528 | see remarks |
2023-04-15 | Pearce Sheri | sold (taxes) | -307,202 | 23.89 | -12,859 | see remarks |
2023-04-15 | Schultz Yvette K | sold (taxes) | -482,244 | 23.89 | -20,186 | see remarks |
2023-04-15 | RADY PAUL M | sold (taxes) | -1,972,330 | 23.89 | -82,559 | see remarks |
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, 2021, it had approximately 502,000 net acres in the Appalachian Basin; and 174,000 net acres in the Upper Devonian Shale. The company also owned and operated 494 miles of gas gathering pipelines in the Appalachian Basin; and 21 compressor stations. It had estimated proved reserves of 17.7 trillion cubic feet of natural gas equivalent, including 10.2 trillion cubic feet of natural gas; 718 million barrels of assumed recovered ethane; 501 million barrels of primarily propane, isobutane, normal butane, and natural gasoline; and 36 million barrels of oil. The company was formerly known as Antero Resources Appalachian Corporation and changed its name to Antero Resources Corporation in June 2013. Antero Resources Corporation was founded in 2002 and is headquartered in Denver, Colorado.
AR Income Statement
2023-03-31Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | |
|---|---|---|
Mar. 31, 2023 | Mar. 31, 2022 | |
| Revenue and other: | ||
| Total revenue | $ 1,408,348 | $ 786,840 |
| Operating expenses: | ||
| Lease operating | 29,321 | 17,780 |
| Production and ad valorem taxes | 49,276 | 52,808 |
| General and administrative (including equity-based compensation expense of $4,649 and $13,018 in 2022 and 2023, respectively) | 57,261 | 35,691 |
| Depletion, depreciation and amortization | 167,582 | 168,388 |
| Impairment of property and equipment | 15,560 | 22,462 |
| Accretion of asset retirement obligations | 878 | 2,444 |
| Contract termination | 29,550 | 8 |
| Loss (gain) on sale of assets | (91) | 1,786 |
| Other operating expense | 225 | |
| Total operating expenses | 1,076,858 | 991,439 |
| Operating income (loss) | 331,490 | (204,599) |
| Other income (expense): | ||
| Interest expense, net | (25,700) | (37,713) |
| Equity in earnings of unconsolidated affiliate | 17,681 | 25,178 |
| Loss on early extinguishment of debt | (10,654) | |
| Loss on convertible note inducement | (86) | |
| Total other expense | (8,105) | (23,189) |
| Income (loss) before income taxes | 323,385 | (227,788) |
| Income tax benefit (expense) | (62,183) | 53,092 |
| Net income (loss) and comprehensive income (loss) including noncontrolling interests | 261,202 | (174,696) |
| Less: net income and comprehensive income attributable to noncontrolling interests | 47,771 | (18,277) |
| Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation | $ 213,431 | $ (156,419) |
| Income (loss) per share-basic (in dollars per share) | $ 0.72 | $ (0.50) |
| Income (loss) per share-diluted (in dollars per share) | $ 0.69 | $ (0.50) |
| Weighted average number of shares outstanding: | ||
| Basic (in shares) | 296,763 | 314,081 |
| Diluted (in shares) | 311,846 | 314,081 |
| Natural gas sales | ||
| Revenue and other: | ||
| Total revenue | $ 668,315 | $ 995,792 |
| Natural gas liquids sales | ||
| Revenue and other: | ||
| Total revenue | 495,435 | 660,305 |
| Oil sales | ||
| Revenue and other: | ||
| Total revenue | 51,811 | 63,294 |
| Gathering, compression, water handling and treatment, processing, and transportation | ||
| Operating expenses: | ||
| Cost of goods and services sold | 645,172 | 590,278 |
| Marketing. | ||
| Revenue and other: | ||
| Total revenue | 58,529 | 69,038 |
| Operating expenses: | ||
| Cost of goods and services sold | 81,361 | 98,896 |
| Commodity derivative fair value gains (losses) | ||
| Revenue and other: | ||
| Total revenue | 126,192 | (1,011,380) |
| Amortization of deferred revenue, VPP | ||
| Revenue and other: | ||
| Total revenue | 7,533 | 9,272 |
| Other revenue and income | ||
| Revenue and other: | ||
| Total revenue | 533 | 519 |
| Exploration and mine expenses | ||
| Operating expenses: | ||
| Cost of goods and services sold | $ 763 | $ 898 |
AR Balance Sheet
2023-03-31Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Accounts receivable | $ 30,207 | $ 35,488 |
| Accrued revenue | 379,337 | 707,685 |
| Derivative instruments | 6,242 | 1,900 |
| Prepaid expenses and other current assets | 21,856 | 42,452 |
| Total current assets | 437,642 | 787,525 |
| Oil and gas properties, at cost (successful efforts method): | ||
| Unproved properties | 1,013,780 | 997,715 |
| Proved properties | 13,450,257 | 13,234,777 |
| Gathering systems and facilities | 5,882 | 5,802 |
| Other property and equipment | 87,091 | 83,909 |
| Property and equipment, gross | 14,557,010 | 14,322,203 |
| Less accumulated depletion, depreciation, and amortization | (4,771,093) | (4,683,399) |
| Property and equipment, net | 9,785,917 | 9,638,804 |
| Operating leases right-of-use assets | 3,401,994 | 3,444,331 |
| Derivative instruments | 9,825 | 9,844 |
| Investment in unconsolidated affiliate | 219,515 | 220,429 |
| Other assets | 16,253 | 17,106 |
| Total assets | 13,871,146 | 14,118,039 |
| Current liabilities: | ||
| Accounts payable | 83,685 | 77,543 |
| Accounts payable, related parties | 99,784 | 80,708 |
| Accrued liabilities | 318,084 | 461,788 |
| Revenue distributions payable | 381,880 | 468,210 |
| Derivative instruments | 28,716 | 97,765 |
| Short-term lease liabilities | 553,532 | 556,636 |
| Deferred revenue, VPP | 29,757 | 30,552 |
| Other current liabilities | 2,103 | 1,707 |
| Total current liabilities | 1,497,541 | 1,774,909 |
| Long-term liabilities: | ||
| Long-term debt | 1,312,046 | 1,183,476 |
| Deferred income tax liability, net | 822,010 | 759,861 |
| Derivative instruments | 75,854 | 345,280 |
| Long-term lease liabilities | 2,851,571 | 2,889,854 |
| Deferred revenue, VPP | 81,075 | 87,813 |
| Other liabilities | 60,657 | 59,692 |
| Total liabilities | 6,700,754 | 7,100,885 |
| Commitments and contingencies | ||
| Equity: | ||
| Preferred stock, $0.01 par value; authorized - 50,000 shares; none issued | ||
| Common stock, $0.01 par value; authorized - 1,000,000 shares; 297,393 shares issued and 297,359 outstanding as of December 31, 2022, and 299,321 shares issued and outstanding as of March 31, 2023 | 2,993 | 2,974 |
| Additional paid-in capital | 5,806,031 | 5,838,848 |
| Retained earnings | 1,102,340 | 913,896 |
| Treasury stock, at cost; 34 shares and zero shares as of December 31, 2022 and March 31, 2023, respectively | (1,160) | |
| Total stockholders' equity | 6,911,364 | 6,754,558 |
| Noncontrolling interests | 259,028 | 262,596 |
| Total equity | 7,170,392 | 7,017,154 |
| Total liabilities and equity | $ 13,871,146 | $ 14,118,039 |