Antero Resources Corp
NYSE:AR
Income Statement
Earnings Waterfall
Antero Resources Corp
Income Statement
Antero Resources Corp
| Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
98
|
103
|
112
|
127
|
137
|
138
|
142
|
147
|
160
|
182
|
204
|
223
|
234
|
244
|
247
|
246
|
254
|
257
|
263
|
273
|
269
|
266
|
267
|
272
|
287
|
294
|
279
|
252
|
228
|
209
|
207
|
207
|
200
|
190
|
188
|
185
|
182
|
177
|
161
|
144
|
125
|
113
|
107
|
110
|
118
|
122
|
127
|
124
|
118
|
111
|
99
|
89
|
84
|
|
| Revenue |
445
N/A
|
244
-45%
|
592
+143%
|
1 068
+81%
|
1 313
+23%
|
1 420
+8%
|
1 344
-5%
|
1 722
+28%
|
2 681
+56%
|
3 742
+40%
|
3 808
+2%
|
4 488
+18%
|
3 955
-12%
|
3 446
-13%
|
2 820
-18%
|
2 493
-12%
|
1 647
-34%
|
2 122
+29%
|
3 161
+49%
|
2 693
-15%
|
3 656
+36%
|
3 488
-5%
|
3 687
+6%
|
4 116
+12%
|
4 140
+1%
|
4 149
+0%
|
4 459
+7%
|
4 502
+1%
|
4 409
-2%
|
4 688
+6%
|
3 874
-17%
|
3 135
-19%
|
3 492
+11%
|
3 379
-3%
|
3 381
+0%
|
3 534
+5%
|
4 619
+31%
|
4 202
-9%
|
5 917
+41%
|
7 447
+26%
|
7 138
-4%
|
7 760
+9%
|
6 512
-16%
|
5 573
-14%
|
4 682
-16%
|
4 396
-6%
|
4 421
+1%
|
4 351
-2%
|
4 326
-1%
|
4 556
+5%
|
4 875
+7%
|
5 033
+3%
|
5 276
+5%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(118)
|
(152)
|
(187)
|
(230)
|
(278)
|
(337)
|
(407)
|
(493)
|
(579)
|
(665)
|
(731)
|
(754)
|
(774)
|
(817)
|
(857)
|
(939)
|
(1 000)
|
(1 067)
|
(1 138)
|
(1 202)
|
(1 279)
|
(1 317)
|
(1 374)
|
(1 439)
|
(1 602)
|
(1 759)
|
(2 034)
|
(2 310)
|
(2 418)
|
(2 203)
|
(1 890)
|
(1 516)
|
(1 238)
|
(1 248)
|
(1 234)
|
(1 259)
|
(1 276)
|
(1 273)
|
(1 360)
|
(1 498)
|
(1 511)
|
(1 559)
|
(1 482)
|
(1 343)
|
(1 296)
|
(1 291)
|
(1 279)
|
(1 287)
|
(1 307)
|
(1 359)
|
(1 418)
|
(1 456)
|
(1 536)
|
|
| Gross Profit |
327
N/A
|
91
-72%
|
405
+343%
|
839
+107%
|
1 035
+23%
|
1 083
+5%
|
937
-13%
|
1 229
+31%
|
2 102
+71%
|
3 077
+46%
|
3 077
0%
|
3 735
+21%
|
3 181
-15%
|
2 629
-17%
|
1 964
-25%
|
1 554
-21%
|
647
-58%
|
1 054
+63%
|
2 023
+92%
|
1 490
-26%
|
2 376
+59%
|
2 172
-9%
|
2 313
+7%
|
2 677
+16%
|
2 538
-5%
|
2 390
-6%
|
2 425
+1%
|
2 192
-10%
|
1 991
-9%
|
2 486
+25%
|
1 984
-20%
|
1 619
-18%
|
2 253
+39%
|
2 130
-5%
|
2 147
+1%
|
2 275
+6%
|
3 344
+47%
|
2 929
-12%
|
4 557
+56%
|
5 949
+31%
|
5 627
-5%
|
6 201
+10%
|
5 029
-19%
|
4 230
-16%
|
3 386
-20%
|
3 105
-8%
|
3 142
+1%
|
3 065
-2%
|
3 018
-2%
|
3 197
+6%
|
3 458
+8%
|
3 578
+3%
|
3 739
+5%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(162)
|
(193)
|
(231)
|
(274)
|
(683)
|
(787)
|
(897)
|
(1 029)
|
(827)
|
(982)
|
(1 114)
|
(1 208)
|
(1 248)
|
(1 319)
|
(1 388)
|
(1 449)
|
(1 558)
|
(1 531)
|
(1 491)
|
(1 468)
|
(1 453)
|
(1 580)
|
(1 750)
|
(1 856)
|
(1 907)
|
(1 893)
|
(1 801)
|
(1 731)
|
(1 648)
|
(1 854)
|
(2 148)
|
(2 570)
|
(2 969)
|
(3 069)
|
(3 161)
|
(3 221)
|
(3 227)
|
(3 122)
|
(3 028)
|
(2 938)
|
(2 878)
|
(2 895)
|
(2 879)
|
(2 823)
|
(2 886)
|
(2 852)
|
(2 879)
|
(2 898)
|
(2 965)
|
(2 960)
|
(2 937)
|
(2 900)
|
(2 799)
|
|
| Selling, General & Administrative |
(45)
|
(49)
|
(52)
|
(54)
|
(425)
|
(476)
|
(534)
|
(605)
|
(320)
|
(389)
|
(455)
|
(492)
|
(533)
|
(595)
|
(642)
|
(693)
|
(739)
|
(699)
|
(655)
|
(624)
|
(618)
|
(719)
|
(852)
|
(923)
|
(926)
|
(902)
|
(807)
|
(739)
|
(729)
|
(974)
|
(1 297)
|
(1 722)
|
(2 102)
|
(2 208)
|
(2 322)
|
(2 438)
|
(2 475)
|
(2 392)
|
(2 317)
|
(2 239)
|
(2 185)
|
(2 205)
|
(2 191)
|
(2 131)
|
(2 133)
|
(2 151)
|
(2 179)
|
(2 185)
|
(2 196)
|
(2 158)
|
(2 118)
|
(2 081)
|
(2 042)
|
|
| Research & Development |
(15)
|
(17)
|
(22)
|
(24)
|
(22)
|
(25)
|
(24)
|
(26)
|
(28)
|
(22)
|
(16)
|
(10)
|
(4)
|
(4)
|
(4)
|
(4)
|
(7)
|
(8)
|
(9)
|
(9)
|
(9)
|
(8)
|
(8)
|
(7)
|
(5)
|
(3)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(7)
|
(6)
|
(7)
|
(7)
|
(3)
|
(6)
|
(7)
|
(7)
|
(7)
|
(4)
|
(3)
|
(3)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
|
| Depreciation & Amortization |
(102)
|
(126)
|
(157)
|
(195)
|
(234)
|
(285)
|
(337)
|
(396)
|
(478)
|
(569)
|
(641)
|
(705)
|
(710)
|
(719)
|
(740)
|
(750)
|
(810)
|
(821)
|
(825)
|
(833)
|
(825)
|
(850)
|
(887)
|
(923)
|
(973)
|
(985)
|
(989)
|
(987)
|
(915)
|
(874)
|
(846)
|
(843)
|
(862)
|
(856)
|
(829)
|
(774)
|
(742)
|
(716)
|
(702)
|
(689)
|
(681)
|
(680)
|
(678)
|
(685)
|
(747)
|
(695)
|
(695)
|
(707)
|
(762)
|
(794)
|
(811)
|
(811)
|
(750)
|
|
| Other Operating Expenses |
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(3)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(5)
|
(4)
|
(4)
|
|
| Operating Income |
165
N/A
|
(101)
N/A
|
174
N/A
|
564
+224%
|
352
-38%
|
296
-16%
|
40
-87%
|
200
+403%
|
1 275
+538%
|
2 095
+64%
|
1 963
-6%
|
2 527
+29%
|
1 933
-23%
|
1 310
-32%
|
576
-56%
|
105
-82%
|
(911)
N/A
|
(477)
+48%
|
532
N/A
|
22
-96%
|
923
+4 096%
|
592
-36%
|
563
-5%
|
821
+46%
|
631
-23%
|
497
-21%
|
624
+26%
|
461
-26%
|
343
-26%
|
632
+84%
|
(164)
N/A
|
(951)
-480%
|
(715)
+25%
|
(938)
-31%
|
(1 015)
-8%
|
(946)
+7%
|
117
N/A
|
(193)
N/A
|
1 529
N/A
|
3 011
+97%
|
2 749
-9%
|
3 306
+20%
|
2 150
-35%
|
1 406
-35%
|
500
-64%
|
253
-49%
|
263
+4%
|
165
-37%
|
53
-68%
|
236
+343%
|
520
+120%
|
678
+30%
|
941
+39%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(98)
|
(103)
|
(112)
|
(127)
|
(137)
|
(138)
|
(142)
|
(147)
|
(160)
|
(191)
|
(215)
|
(234)
|
(273)
|
(274)
|
(274)
|
(272)
|
(253)
|
(254)
|
(257)
|
(262)
|
(249)
|
(241)
|
(236)
|
(237)
|
(247)
|
(248)
|
(228)
|
(330)
|
(480)
|
(603)
|
(594)
|
(452)
|
(263)
|
(105)
|
(106)
|
(107)
|
(105)
|
(93)
|
(80)
|
(70)
|
(53)
|
(49)
|
(38)
|
(34)
|
(35)
|
(34)
|
(37)
|
(30)
|
(24)
|
(12)
|
10
|
24
|
15
|
|
| Non-Reccuring Items |
279
|
(14)
|
(17)
|
(18)
|
(54)
|
(53)
|
(71)
|
(72)
|
4
|
(3)
|
(7)
|
(11)
|
(104)
|
(111)
|
(105)
|
(108)
|
(82)
|
(94)
|
(89)
|
(118)
|
(185)
|
(208)
|
(336)
|
(517)
|
(559)
|
801
|
806
|
(21)
|
(230)
|
(2 159)
|
(2 037)
|
(963)
|
(680)
|
(180)
|
(207)
|
(278)
|
(240)
|
(156)
|
(143)
|
(179)
|
(222)
|
(232)
|
(222)
|
(166)
|
(104)
|
(66)
|
(50)
|
(34)
|
(53)
|
(52)
|
(70)
|
(84)
|
(65)
|
|
| Pre-Tax Income |
347
N/A
|
(218)
N/A
|
45
N/A
|
419
+838%
|
162
-61%
|
105
-35%
|
(173)
N/A
|
(19)
+89%
|
1 119
N/A
|
1 901
+70%
|
1 741
-8%
|
2 282
+31%
|
1 556
-32%
|
925
-41%
|
197
-79%
|
(275)
N/A
|
(1 246)
-354%
|
(824)
+34%
|
186
N/A
|
(358)
N/A
|
490
N/A
|
143
-71%
|
(9)
N/A
|
68
N/A
|
(175)
N/A
|
1 050
N/A
|
1 202
+14%
|
110
-91%
|
(367)
N/A
|
(2 131)
-480%
|
(2 795)
-31%
|
(2 367)
+15%
|
(1 658)
+30%
|
(1 223)
+26%
|
(1 328)
-9%
|
(1 331)
0%
|
(228)
+83%
|
(442)
-94%
|
1 306
N/A
|
2 762
+111%
|
2 475
-10%
|
3 026
+22%
|
1 890
-38%
|
1 206
-36%
|
361
-70%
|
153
-58%
|
177
+16%
|
102
-42%
|
(24)
N/A
|
172
N/A
|
461
+168%
|
618
+34%
|
890
+44%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(121)
|
108
|
9
|
(133)
|
(186)
|
(176)
|
(74)
|
(141)
|
(446)
|
(734)
|
(668)
|
(869)
|
(576)
|
(333)
|
(41)
|
154
|
496
|
370
|
(25)
|
161
|
723
|
845
|
890
|
826
|
129
|
(151)
|
(194)
|
98
|
74
|
473
|
632
|
529
|
398
|
290
|
324
|
314
|
74
|
124
|
(277)
|
(572)
|
(449)
|
(564)
|
(309)
|
(187)
|
(64)
|
(24)
|
(40)
|
(24)
|
118
|
78
|
16
|
(30)
|
(216)
|
|
| Income from Continuing Operations |
225
|
(110)
|
54
|
286
|
(24)
|
(71)
|
(247)
|
(161)
|
674
|
1 168
|
1 073
|
1 413
|
980
|
592
|
156
|
(121)
|
(749)
|
(455)
|
161
|
(197)
|
1 213
|
988
|
881
|
893
|
(46)
|
899
|
1 009
|
208
|
(293)
|
(1 658)
|
(2 163)
|
(1 838)
|
(1 260)
|
(933)
|
(1 004)
|
(1 017)
|
(154)
|
(318)
|
1 029
|
2 190
|
2 026
|
2 462
|
1 582
|
1 020
|
297
|
129
|
136
|
79
|
94
|
250
|
477
|
588
|
675
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(7)
|
(13)
|
(24)
|
(39)
|
(50)
|
(65)
|
(84)
|
(99)
|
(121)
|
(145)
|
(160)
|
(170)
|
(199)
|
(223)
|
(254)
|
(352)
|
(333)
|
(264)
|
(187)
|
(47)
|
0
|
(0)
|
18
|
(8)
|
(12)
|
(1)
|
(2)
|
(33)
|
(10)
|
(68)
|
(120)
|
(127)
|
(193)
|
(162)
|
(142)
|
(99)
|
(63)
|
(53)
|
(48)
|
(36)
|
(36)
|
(41)
|
(40)
|
(40)
|
|
| Net Income (Common) |
(285)
N/A
|
(661)
-132%
|
(52)
+92%
|
197
N/A
|
(19)
N/A
|
(66)
-248%
|
(239)
-264%
|
(156)
+35%
|
674
N/A
|
1 163
+73%
|
1 060
-9%
|
1 390
+31%
|
941
-32%
|
542
-42%
|
91
-83%
|
(205)
N/A
|
(849)
-315%
|
(575)
+32%
|
16
N/A
|
(358)
N/A
|
615
N/A
|
362
-41%
|
230
-36%
|
211
-8%
|
(398)
N/A
|
567
N/A
|
745
+32%
|
21
-97%
|
(340)
N/A
|
(1 658)
-387%
|
(2 163)
-30%
|
(1 820)
+16%
|
(1 268)
+30%
|
(945)
+25%
|
(1 005)
-6%
|
(1 019)
-1%
|
(187)
+82%
|
(328)
-75%
|
961
N/A
|
2 070
+115%
|
1 899
-8%
|
2 269
+19%
|
1 420
-37%
|
878
-38%
|
198
-77%
|
66
-67%
|
83
+26%
|
30
-63%
|
57
+88%
|
214
+274%
|
437
+104%
|
548
+25%
|
634
+16%
|
|
| EPS (Diluted) |
-1.12
N/A
|
-2.59
-131%
|
-0.2
+92%
|
0.75
N/A
|
-0.09
N/A
|
-0.25
-178%
|
-0.9
-260%
|
-0.61
+32%
|
2.56
N/A
|
4.38
+71%
|
3.82
-13%
|
5.01
+31%
|
3.43
-32%
|
1.96
-43%
|
0.32
-84%
|
-0.66
N/A
|
-2.88
-336%
|
-1.82
+37%
|
0.05
N/A
|
-1.15
N/A
|
1.94
N/A
|
1.14
-41%
|
0.72
-37%
|
0.66
-8%
|
-1.26
N/A
|
1.83
N/A
|
2.43
+33%
|
0.06
-98%
|
-1.11
N/A
|
-5.83
-425%
|
-8.05
-38%
|
-6.77
+16%
|
-4.65
+31%
|
-3.18
+32%
|
-3.26
-3%
|
-3.24
+1%
|
-0.61
+81%
|
-1.04
-70%
|
2.87
N/A
|
6.34
+121%
|
5.78
-9%
|
7.27
+26%
|
4.73
-35%
|
2.81
-41%
|
0.64
-77%
|
0.2
-69%
|
0.27
+35%
|
0.1
-63%
|
0.19
+90%
|
0.67
+253%
|
1.38
+106%
|
1.76
+28%
|
2.03
+15%
|
|