ANTERO RESOURCES CORP (AR) Fundamental Analysis & Valuation

NYSE:AR • US03674X1063

Current stock price

38.89 USD
-0.37 (-0.94%)
At close:
38.58 USD
-0.31 (-0.8%)
After Hours:

This AR fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. AR Profitability Analysis

1.1 Basic Checks

  • In the past year AR was profitable.
  • In the past year AR had a positive cash flow from operations.
  • Of the past 5 years AR 4 years were profitable.
  • Each year in the past 5 years AR had a positive operating cash flow.
AR Yearly Net Income VS EBIT VS OCF VS FCFAR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B 2B 3B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 4.79%, AR is in the better half of the industry, outperforming 62.20% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 8.40%, AR is in line with its industry, outperforming 53.11% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 6.07%, AR is in line with its industry, outperforming 54.55% of the companies in the same industry.
  • AR had an Average Return On Invested Capital over the past 3 years of 3.19%. This is significantly below the industry average of 22.50%.
  • The 3 year average ROIC (3.19%) for AR is below the current ROIC(6.07%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 4.79%
ROE 8.4%
ROIC 6.07%
ROA(3y)2.23%
ROA(5y)3.76%
ROE(3y)4.03%
ROE(5y)7.39%
ROIC(3y)3.19%
ROIC(5y)5.44%
AR Yearly ROA, ROE, ROICAR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 -20

1.3 Margins

  • The Profit Margin of AR (12.03%) is better than 61.24% of its industry peers.
  • AR's Profit Margin has declined in the last couple of years.
  • AR has a Operating Margin of 17.83%. This is comparable to the rest of the industry: AR outperforms 55.50% of its industry peers.
  • AR's Operating Margin has declined in the last couple of years.
  • AR's Gross Margin of 70.88% is amongst the best of the industry. AR outperforms 80.38% of its industry peers.
  • In the last couple of years the Gross Margin of AR has grown nicely.
Industry RankSector Rank
OM 17.83%
PM (TTM) 12.03%
GM 70.88%
OM growth 3Y-22.64%
OM growth 5YN/A
PM growth 3Y-23.25%
PM growth 5YN/A
GM growth 3Y-3.48%
GM growth 5Y1.89%
AR Yearly Profit, Operating, Gross MarginsAR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 -40 60

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5

2. AR Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AR is destroying value.
  • Compared to 1 year ago, AR has less shares outstanding
  • The number of shares outstanding for AR has been increased compared to 5 years ago.
  • The debt/assets ratio for AR has been reduced compared to a year ago.
AR Yearly Shares OutstandingAR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
AR Yearly Total Debt VS Total AssetsAR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.2 Solvency

  • An Altman-Z score of 2.01 indicates that AR is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 2.01, AR is in the better half of the industry, outperforming 62.20% of the companies in the same industry.
  • The Debt to FCF ratio of AR is 2.51, which is a good value as it means it would take AR, 2.51 years of fcf income to pay off all of its debts.
  • With an excellent Debt to FCF ratio value of 2.51, AR belongs to the best of the industry, outperforming 81.34% of the companies in the same industry.
  • A Debt/Equity ratio of 0.19 indicates that AR is not too dependend on debt financing.
  • AR has a better Debt to Equity ratio (0.19) than 73.68% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF 2.51
Altman-Z 2.01
ROIC/WACC0.71
WACC8.55%
AR Yearly LT Debt VS Equity VS FCFAR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B 8B

2.3 Liquidity

  • A Current Ratio of 0.55 indicates that AR may have some problems paying its short term obligations.
  • AR's Current ratio of 0.55 is on the low side compared to the rest of the industry. AR is outperformed by 84.21% of its industry peers.
  • AR has a Quick Ratio of 0.55. This is a bad value and indicates that AR is not financially healthy enough and could expect problems in meeting its short term obligations.
  • AR's Quick ratio of 0.55 is on the low side compared to the rest of the industry. AR is outperformed by 78.47% of its industry peers.
Industry RankSector Rank
Current Ratio 0.55
Quick Ratio 0.55
AR Yearly Current Assets VS Current LiabilitesAR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

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6

3. AR Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 98.10% over the past year.
  • Measured over the past years, AR shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -32.25% on average per year.
  • Looking at the last year, AR shows a very strong growth in Revenue. The Revenue has grown by 21.97%.
  • AR shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.61% yearly.
EPS 1Y (TTM)98.1%
EPS 3Y-32.25%
EPS 5YN/A
EPS Q2Q%47.44%
Revenue 1Y (TTM)21.97%
Revenue growth 3Y-9.59%
Revenue growth 5Y8.61%
Sales Q2Q%43.8%

3.2 Future

  • Based on estimates for the next years, AR will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.95% on average per year.
  • AR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.21% yearly.
EPS Next Y155.3%
EPS Next 2Y65.57%
EPS Next 3Y41.96%
EPS Next 5Y15.95%
Revenue Next Year26.31%
Revenue Next 2Y15.2%
Revenue Next 3Y11.45%
Revenue Next 5Y5.21%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
AR Yearly Revenue VS EstimatesAR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2B 4B 6B
AR Yearly EPS VS EstimatesAR Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 0 2 4

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6

4. AR Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 18.70 indicates a rather expensive valuation of AR.
  • AR's Price/Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 26.64, AR is valued a bit cheaper.
  • With a Price/Forward Earnings ratio of 8.30, the valuation of AR can be described as very reasonable.
  • Based on the Price/Forward Earnings ratio, AR is valued cheaper than 89.47% of the companies in the same industry.
  • AR's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.36.
Industry RankSector Rank
PE 18.7
Fwd PE 8.3
AR Price Earnings VS Forward Price EarningsAR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, AR is valued a bit cheaper than the industry average as 63.64% of the companies are valued more expensively.
  • AR's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 21.51
EV/EBITDA 7.91
AR Per share dataAR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

  • AR's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • AR has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as AR's earnings are expected to grow with 41.96% in the coming years.
PEG (NY)0.12
PEG (5Y)N/A
EPS Next 2Y65.57%
EPS Next 3Y41.96%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. AR Dividend Analysis

5.1 Amount

  • No dividends for AR!.
Industry RankSector Rank
Dividend Yield 0%

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AR Fundamentals: All Metrics, Ratios and Statistics

ANTERO RESOURCES CORP

NYSE:AR (5/1/2026, 8:09:54 PM)

After market: 38.58 -0.31 (-0.8%)

38.89

-0.37 (-0.94%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Industry Strength83.23
Industry Growth71.43
Earnings (Last)04-29
Earnings (Next)07-28
Inst Owners86.82%
Inst Owner Change0.94%
Ins Owners6.48%
Ins Owner Change0.14%
Market Cap12.00B
Revenue(TTM)5.28B
Net Income(TTM)634.42M
Analysts80.67
Price Target50.49 (29.83%)
Short Float %2.83%
Short Ratio1.36
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-30.89%
Min EPS beat(2)-45.15%
Max EPS beat(2)-16.62%
EPS beat(4)0
Avg EPS beat(4)-23.63%
Min EPS beat(4)-45.15%
Max EPS beat(4)-9.71%
EPS beat(8)2
Avg EPS beat(8)-8.06%
EPS beat(12)5
Avg EPS beat(12)0.7%
EPS beat(16)7
Avg EPS beat(16)-0.6%
Revenue beat(2)1
Avg Revenue beat(2)0.85%
Min Revenue beat(2)-3.5%
Max Revenue beat(2)5.19%
Revenue beat(4)1
Avg Revenue beat(4)-1.67%
Min Revenue beat(4)-5.41%
Max Revenue beat(4)5.19%
Revenue beat(8)2
Avg Revenue beat(8)-1.36%
Revenue beat(12)4
Avg Revenue beat(12)-0.12%
Revenue beat(16)7
Avg Revenue beat(16)0.13%
PT rev (1m)5.32%
PT rev (3m)8.13%
EPS NQ rev (1m)1.29%
EPS NQ rev (3m)44.84%
EPS NY rev (1m)31.08%
EPS NY rev (3m)16.85%
Revenue NQ rev (1m)4.71%
Revenue NQ rev (3m)18.64%
Revenue NY rev (1m)0.8%
Revenue NY rev (3m)6.65%
Valuation
Industry RankSector Rank
PE 18.7
Fwd PE 8.3
P/S 2.27
P/FCF 21.51
P/OCF 7.36
P/B 1.59
P/tB 1.59
EV/EBITDA 7.91
EPS(TTM)2.08
EY5.35%
EPS(NY)4.69
Fwd EY12.05%
FCF(TTM)1.81
FCFY4.65%
OCF(TTM)5.29
OCFY13.59%
SpS17.1
BVpS24.47
TBVpS24.47
PEG (NY)0.12
PEG (5Y)N/A
Graham Number33.8438 (-12.98%)
Profitability
Industry RankSector Rank
ROA 4.79%
ROE 8.4%
ROCE 8.01%
ROIC 6.07%
ROICexc 6.07%
ROICexgc 6.07%
OM 17.83%
PM (TTM) 12.03%
GM 70.88%
FCFM 10.57%
ROA(3y)2.23%
ROA(5y)3.76%
ROE(3y)4.03%
ROE(5y)7.39%
ROIC(3y)3.19%
ROIC(5y)5.44%
ROICexc(3y)3.19%
ROICexc(5y)5.44%
ROICexgc(3y)3.19%
ROICexgc(5y)5.44%
ROCE(3y)4.2%
ROCE(5y)7.17%
ROICexgc growth 3Y-28.88%
ROICexgc growth 5YN/A
ROICexc growth 3Y-28.88%
ROICexc growth 5YN/A
OM growth 3Y-22.64%
OM growth 5YN/A
PM growth 3Y-23.25%
PM growth 5YN/A
GM growth 3Y-3.48%
GM growth 5Y1.89%
F-Score9
Asset Turnover0.4
Health
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF 2.51
Debt/EBITDA 0.83
Cap/Depr 142.42%
Cap/Sales 20.34%
Interest Coverage 10.68
Cash Conversion 96.26%
Profit Quality 87.9%
Current Ratio 0.55
Quick Ratio 0.55
Altman-Z 2.01
F-Score9
WACC8.55%
ROIC/WACC0.71
Cap/Depr(3y)133.1%
Cap/Depr(5y)126.61%
Cap/Sales(3y)20.36%
Cap/Sales(5y)17.96%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)98.1%
EPS 3Y-32.25%
EPS 5YN/A
EPS Q2Q%47.44%
EPS Next Y155.3%
EPS Next 2Y65.57%
EPS Next 3Y41.96%
EPS Next 5Y15.95%
Revenue 1Y (TTM)21.97%
Revenue growth 3Y-9.59%
Revenue growth 5Y8.61%
Sales Q2Q%43.8%
Revenue Next Year26.31%
Revenue Next 2Y15.2%
Revenue Next 3Y11.45%
Revenue Next 5Y5.21%
EBIT growth 1Y2743.69%
EBIT growth 3Y-30.06%
EBIT growth 5YN/A
EBIT Next Year210.84%
EBIT Next 3Y46.98%
EBIT Next 5Y21.97%
FCF growth 1Y320.86%
FCF growth 3Y-35.8%
FCF growth 5YN/A
OCF growth 1Y92.04%
OCF growth 3Y-18.84%
OCF growth 5Y17.26%

ANTERO RESOURCES CORP / AR Fundamental Analysis FAQ

What is the ChartMill fundamental rating of ANTERO RESOURCES CORP (AR) stock?

ChartMill assigns a fundamental rating of 5 / 10 to AR.


What is the valuation status for AR stock?

ChartMill assigns a valuation rating of 6 / 10 to ANTERO RESOURCES CORP (AR). This can be considered as Fairly Valued.


Can you provide the profitability details for ANTERO RESOURCES CORP?

ANTERO RESOURCES CORP (AR) has a profitability rating of 6 / 10.


What is the expected EPS growth for ANTERO RESOURCES CORP (AR) stock?

The Earnings per Share (EPS) of ANTERO RESOURCES CORP (AR) is expected to grow by 155.3% in the next year.