Antero Resources (AR)
Develops Marcellus gas and liquids with integrated transportation and midstream access.
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Produces natural gas, ethane, heavier natural-gas liquids, and oil from a West Virginia-centered Marcellus portfolio. The model combines upstream development, an equity-method interest in Antero Midstream, and marketing built around firm transportation and domestic and international NGL channels.
Develops natural gas, ethane, heavier natural-gas liquids, and oil from a West Virginia-centered Marcellus position. Exploration and Production, an equity-method investment in Antero Midstream, and Marketing are the three reportable segments.
Pairs dry-gas and liquids-rich acreage with dedicated gathering, processing, water, and transportation infrastructure. Firm transportation moves Appalachian gas toward stronger downstream markets, while NGL volumes reach domestic and international channels.
Operates a portfolio concentrated in West Virginia after the HG Energy acquisition and Ohio Utica divestiture. Execution depends on commodity prices, midstream availability, firm-transport utilization, regulatory requirements, and integration of the enlarged asset base. Take-or-pay transportation commitments can create charges when capacity is unused.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 14, 2026 | UBS | Reiterate | Rating: —Target: $52 | Target: $58 |
| Sep 1, 2026 | Raymond James | Reiterate | Rating: —Target: $65 | Target: $55 |
| Aug 19, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $56 | Target: $49 |
| Jul 31, 2026 | UBS | Reiterate | Rating: —Target: $50 | Target: $52 |
| Jul 31, 2026 | Wells Fargo | Reiterate | Rating: —Target: $49 | Target: $57 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $0 · Total debt $4.62B · Total assets $15.23B · Shareholders' equity $8.32B
- Revenue
- $1.34B
- Operating income
- $206.3M
- Net income
- $278.7M
No dividends on record.
| Institutions | 90.44% | 278.04M shares | |
|---|---|---|---|
| 680 holders · as of Jun 30, 2026 | |||
| Insiders | 4.74% | 14.56M shares | |
| 13 holders · as of Jul 14, 2026 | |||
| Strategic holders | 8.16% | 25.08M shares | |
| 1 holder · as of Feb 3, 2023 | |||
| Adds to | 103.34% | ||
307.44M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 103.34%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.95% | 27.52M | as of Jun 30, 2026 |
BlackRock, Inc.Strategic | 8.16% | 25.08M | filed Feb 3, 2023 |
FMR LLCInstitution | 5.44% | 16.72M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 4.55% | 14.00M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.34% | 13.33M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 4, 2026 | Michael N. Kennedy | director, officer: See Remarks | −185,826 | $39.33 |
| May 4, 2026 | Yvette K. Schultz | officer: See Remarks | −39,490 | $39.27 |
| Mar 19, 2026 | Benjamin A. Hardesty | director | −12,000 | $44.00 |
| Mar 9, 2026 | Yvette K. Schultz | officer: See Remarks | −15,000 | $39.33 |
| Mar 10, 2026 | Sheri Pearce | officer: See Remarks | −19,667 | $38.13 |
- EQT
Appalachian gas rival with integrated gathering and transmission
- Expand Energy
Large-scale rival in Appalachian gas, liquids, and market access
- Range Resources
Direct Marcellus peer in natural gas, NGLs, and market access
- CNX Resources
Appalachian gas rival across Marcellus development and regional markets
- Gulfport Energy
Regional rival in Appalachian gas, NGLs, and drilling inventory
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Antero Resources | $36.20 | +5.16% | $10.58B | 9.9 | 8.5 | 1.9 | +29.6% |
| EQT | $51.91 | +2.11% | $31.80B | 11.2 | 15.8 | 3.4 | −29.2% |
| Expand Energy | $88.02 | +1.13% | $20.15B | 7.5 | 11.1 | 1.5 | −19.8% |
| Range Resources | $39.50 | +3.08% | $8.95B | 10.6 | 10.8 | 2.7 | +19.1% |
| CNX Resources | $33.56 | +2.27% | $4.85B | 5.4 | 10.0 | 2.0 | −35.7% |
| Gulfport Energy | $162.54 | +2.55% | $2.85B | 6.3 | 6.6 | 1.9 | +3.8% |
| Median | 7.5 | 10.8 | 2.0 | −19.8% |