AR — Antero Resources Corporation
Energy · Oil & Gas E&P
About Antero Resources Corporation
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. Its gathering and compression systems also comprise 731 miles of gas gathering pipelines in the Appalachian Basin. 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 incorporated in 2002 and is headquartered in Denver, Colorado.
The shale & E&P industry
Exploration & production companies are the pure upstream bet: they own acreage, drill wells, and sell oil and gas at whatever the market pays. Shale wells produce most of their oil in the first couple of years, so these companies must keep drilling just to hold output flat — which makes cost per barrel, acreage quality, and the hedging program the whole game. Some names here are mostly natural gas (EQT, Antero) — a different commodity with its own cycle, increasingly tied to LNG exports and power demand. The sector has consolidated hard — Pioneer, Hess and Marathon Oil were all swallowed by majors — and the survivors are larger and more disciplined. Expect these to amplify every move in the underlying commodity, in both directions. Antero produces Appalachian gas and liquids with unhedged exposure that makes it one of the highest-torque gas names.
Key data · delayed ~15 min, as of 1 August 2026
| Ticker | AR |
| Company | Antero Resources Corporation |
| Price | $36.14 |
| Market cap | $11.1B |
| Sector / industry | Energy / Oil & Gas E&P |
| Analyst mean target | $48 (20 analysts, buy) |
Valuation read
What the price implies: the market is pricing in roughly ~-6%/yr earnings growth (discounted), on a reverse-DCF of forward earnings ($4.35). Run your own assumptions in the fair-value calculator.
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