Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2025

Summary of Significant Accounting Policies

Reconciliation of income attributable to common stockholders for basic and diluted net income common per share

The following is a reconciliation of the Company’s income attributable to common stockholders for basic and diluted net income per common share (in thousands):


		Year Ended December 31,
		2023			2024			2025
Net income attributable to Antero Resources Corporation—common shareholders		$	198,404			57,226			634,418
Add: Interest expense for 2026 Convertible Notes			1,955			256			—
Less: Tax-effect of interest expense for 2026 Convertible Notes			(425)			(56)			—
Net income attributable to Antero Resources Corporation—common shareholders and assumed conversions		$	199,934			57,426			634,418

Net income per common share—basic		$	0.66			0.18			2.05
Net income per common share—diluted		$	0.64			0.18			2.03

Weighted average common shares outstanding—basic			299,793			309,489			309,719
Weighted average common shares outstanding—diluted			311,597			313,414			312,361

Reconciliation of basic weighted average shares outstanding to diluted weighted average shares outstanding

The following is a reconciliation of the Company’s basic weighted average common shares outstanding to diluted weighted average common shares outstanding during the periods presented (in thousands):


		Year Ended December 31,
		2023		2024		2025
Basic weighted average number of common shares outstanding		299,793		309,489		309,719
Add: Dilutive effect of RSUs		1,379		1,188		1,128
Add: Dilutive effect of PSUs		989		1,528		1,514
Add: Dilutive effect of 2026 Convertible Notes		9,436		1,209		—
Diluted weighted average number of common shares outstanding		311,597		313,414		312,361

Weighted average number of outstanding securities excluded from calculation of diluted net income per common share ⁽¹⁾:
RSUs		1,200		4		—
PSUs		199		—		—
Stock options		310		257		73

(1)	The potential dilutive effects of these securities were excluded from the computation of net income per common share—diluted because the inclusion of these securities would have been anti-dilutive.