AR
EnergyAntero Resources Corporation · Oil & Gas Exploration & Production · $11B
What is Antero Resources Corporation?
Antero Resources Corporation is an independent natural gas and natural gas liquids producer focused on the Appalachian Basin. Headquartered in Denver, Colorado, the company has built one of the largest proved reserve positions among US independent producers.
Antero acquires, explores, develops, and produces natural gas, natural gas liquids, and oil across its Appalachian acreage. Revenue flows primarily from selling natural gas and NGLs — including ethane, propane, and butane — into domestic and export markets. The company also owns and operates its own gas gathering pipelines and compression infrastructure, giving it direct control over how production moves from wellhead to market.
Antero Resources Corporation was established in 2002 and adopted its current name in June 2013, with headquarters in Denver, Colorado.
- Natural gas production from Appalachian Basin acreage
- Natural gas liquids including ethane, propane, and butane
- Midstream gathering pipelines and compression operations
- Oil production from Appalachian properties
- Large-scale proved reserve base in the Marcellus and Upper Devonian Shale
Is AR a Good Stock to Buy?
UQS Score rates AR as Good overall, reflecting a balanced but nuanced profile across its five quality pillars.
The Growth pillar stands out as the clearest positive — Antero has demonstrated an ability to expand its production and reserve base at a pace that compares favorably within the energy sector. Valuation is rated Attractive, suggesting the market may not be fully pricing in the company's underlying asset quality relative to peers.
The Moat pillar registers as Weak, which is common for commodity producers where pricing power is limited by global energy markets. Quality and Risk both land at Neutral, pointing to a business that carries meaningful commodity-cycle exposure.
See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does AR pay dividends?
No — Antero Resources Corporation does not currently pay a dividend.
Antero Resources does not currently pay a dividend. As an independent E&P company operating in a capital-intensive sector, the company has prioritized debt reduction and reinvestment into its Appalachian acreage over returning cash to shareholders via distributions. Investors seeking income may want to weigh this against the company's growth-oriented capital allocation strategy.
When does AR report earnings?
Antero Resources reports earnings on a quarterly cadence, consistent with standard practice for US-listed energy companies.
Results tend to be heavily influenced by realized natural gas and NGL prices, which fluctuate with broader commodity markets. Production volumes and hedging activity are typically the key variables analysts watch each quarter.
For the most recent quarter's results and guidance, visit Antero Resources' investor relations page directly.
AR Price History
+187.9% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Antero Resources Corporation?
Based on Antero Resources Corporation's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
AR Long-term Outlook
Antero's Strong Growth pillar suggests the company has meaningful production and reserve expansion potential within its large Appalachian acreage position. However, the Weak Moat rating is a reminder that commodity price cycles can quickly compress margins regardless of operational execution. The Neutral Risk profile indicates the company carries a moderate level of financial and operational risk — not extreme, but not negligible either. The Attractive Valuation label may offer a margin of safety for investors willing to accept commodity-cycle volatility.
Growth drivers
- Continued development of large proved reserve base in the Marcellus Shale
- Growing LNG and export demand supporting domestic natural gas prices
- NGL market expansion driven by petrochemical and export demand
Key risks
- Natural gas and NGL price volatility tied to global commodity cycles
- High capital requirements for ongoing Appalachian development
- Weak competitive moat in a commodity-driven industry
AR vs Peers
Antero Resources competes with other independent US natural gas and oil producers, each with distinct basin exposure and capital strategies.
APA operates across multiple international basins, giving it broader geographic diversification compared to Antero's Appalachian-focused model.
Range Resources is also an Appalachian-focused natural gas producer, making it the most direct basin-level peer to Antero.
Permian Resources operates in the oil-weighted Permian Basin, offering a different commodity mix and growth profile relative to Antero's gas-heavy portfolio.
Frequently Asked Questions
What does Antero Resources do?
Antero Resources is an independent energy company that acquires, develops, and produces natural gas, natural gas liquids, and oil in the Appalachian Basin. It also owns gathering pipelines and compression infrastructure that support its upstream operations.
Does AR pay dividends?
No, Antero Resources does not currently pay a dividend. The company has focused its capital on debt reduction and reinvestment into its Appalachian acreage rather than distributing cash to shareholders.
When does AR report earnings?
Antero Resources follows a standard quarterly earnings schedule. For the exact timing of upcoming results, check the company's investor relations page, as specific dates are subject to change.
Is AR a good stock to buy?
UQS Score rates AR as Good overall. The Growth pillar is Strong and Valuation is Attractive, but the Weak Moat and commodity-cycle exposure are factors worth weighing. The full pillar breakdown is available to Pro members.
Is AR overvalued?
Based on the UQS Valuation pillar, AR is rated Attractive — meaning the current market price may offer reasonable value relative to the company's fundamentals compared to sector peers. View the complete valuation analysis with a Pro account.
How does AR compare to its competitors?
Among its closest peers, Range Resources shares Antero's Appalachian focus, while APA offers international diversification and Permian Resources brings oil-weighted exposure. Each carries a different risk and commodity profile. UQS Score comparisons are available on each ticker's page.
What is AR's market cap bracket?
Antero Resources is classified as a large-cap company, placing it among the more substantial independent natural gas producers in the US energy sector.
Who founded Antero Resources?
Antero Resources was founded in 2002. Founding details, including key executives involved at inception, are widely available through public filings and the company's official investor relations materials.
Is AR a long-term quality investment?
As a long-term quality indicator, AR's Good UQS Score reflects genuine Growth strength and an Attractive Valuation, tempered by a Weak Moat and commodity-cycle risk. Long-term holders should weigh natural gas market dynamics carefully. Pro members can access the full pillar detail.
What is the main competitive advantage of Antero Resources?
Antero's primary advantage lies in its large, contiguous acreage position in the Appalachian Basin and its integrated midstream infrastructure. However, the UQS Moat pillar rates this as Weak, reflecting the limited pricing power inherent to commodity producers.
What sector does AR belong to?
Antero Resources operates in the Energy sector, specifically as an independent oil and natural gas exploration and production company focused on Appalachian Basin assets.
Is AR a growth stock or value stock?
Based on UQS pillar labels, AR shows characteristics of both — the Growth pillar is rated Strong, while the Valuation pillar is rated Attractive. This combination may appeal to investors looking for growth at a reasonable price within the energy sector.
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Pro Analysis
AR — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 23, 2026 | 55.1 | 57.3 | 20.0 | 72.7 | 49.0 | 92.6 | -0.1 |
| May 21, 2026 | 55.2 | 57.3 | 20.0 | 72.7 | 49.0 | 93.3 | +0.1 |
| May 20, 2026 | 55.1 | 57.3 | 20.0 | 72.7 | 49.0 | 92.6 | 0.0 |
| May 16, 2026 | 55.1 | 57.3 | 20.0 | 72.7 | 49.0 | 92.8 | -0.1 |
| May 14, 2026 | 55.2 | 57.3 | 20.0 | 72.7 | 49.0 | 92.9 | 0.0 |
| May 12, 2026 | 55.2 | 57.3 | 20.0 | 72.7 | 49.0 | 93.2 | 0.0 |
| May 11, 2026 | 55.2 | 57.3 | 20.0 | 72.7 | 49.0 | 93.4 | +0.3 |
| May 8, 2026 | 54.9 | 57.3 | 20.0 | 72.7 | 49.0 | 91.2 | +3.5 |
| May 3, 2026 | 51.4 | 43.1 | 20.0 | 72.7 | 49.0 | 91.6 | -0.7 |
| May 1, 2026 | 52.1 | 44.6 | 20.0 | 72.8 | 50.6 | 91.9 | +0.5 |
AR — Pillar Breakdown
Quality
— 57.3/100 (25%)Antero Resources Corporation shows solid profitability with healthy returns on capital and reasonable margins.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 72.7/100 (20%)Antero Resources Corporation demonstrates healthy growth trends across revenue and earnings.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 49.0/100 (15%)Antero Resources Corporation has some risk factors including moderate leverage or solvency concerns.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 93.9/100 (15%)Antero Resources Corporation appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 20/100 (25%)Antero Resources Corporation operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for AR.
Score Composition
Financial Data
More Stock Analysis
How is the AR UQS Score Calculated?
The UQS (Unified Quality Score) for Antero Resources Corporation is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Antero Resources Corporation's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Antero Resources Corporation is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.