v3.25.4
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenue and other:      
Total revenue $ 5,275,823 $ 4,325,596 $ 4,681,972
Operating expenses:      
Lease operating 135,124 118,693 118,441
Production and ad valorem taxes 163,135 207,671 158,855
General and administrative (including equity-based compensation expense of $59,519, $66,462 and $60,812 in 2023, 2024 and 2025, respectively) 232,526 229,338 224,516
Depletion, depreciation and amortization 749,675 762,068 746,849
Impairment of property and equipment 29,358 47,433 51,302
Accretion of asset retirement obligations 3,892 3,759 3,244
Contract termination, loss contingency and settlements 28,012 4,468 52,606
Loss (gain) on sale of assets (266) 862 (447)
Other operating expense 99 390 336
Total operating expenses 4,392,177 4,325,136 4,285,725
Operating income 883,646 460 396,247
Other income (expense):      
Interest expense, net (83,682) (118,207) (117,870)
Equity in earnings of unconsolidated affiliate 98,484 93,787 82,952
Loss on early extinguishment of debt (3,628) (528)  
Loss on convertible note inducements     (374)
Transaction expense (4,386)    
Total other income (expense) 6,788 (24,948) (35,292)
Income (loss) before income taxes 890,434 (24,488) 360,955
Income tax (expense) benefit (215,867) 118,185 (63,626)
Net income and comprehensive income including noncontrolling interests 674,567 93,697 297,329
Less: net income and comprehensive income attributable to noncontrolling interests 40,149 36,471 98,925
Net income and comprehensive income attributable to Antero Resources Corporation $ 634,418 $ 57,226 $ 198,404
Net income per common share-basic (in dollars per share) $ 2.05 $ 0.18 $ 0.66
Net income per common share-diluted (in dollars per share) $ 2.03 $ 0.18 $ 0.64
Weighted average number of common shares outstanding:      
Basic (in shares) 309,719 309,489 299,793
Diluted (in shares) 312,361 313,414 311,597
Natural gas sales      
Revenue and other:      
Total revenue $ 2,873,241 $ 1,818,297 $ 2,192,349
Natural gas liquids sales      
Revenue and other:      
Total revenue 1,986,840 2,066,975 1,836,950
Oil sales      
Revenue and other:      
Total revenue 150,158 230,027 247,146
Gathering, compression, processing and transportation      
Operating expenses:      
Cost of goods and services sold 2,857,426 2,702,930 2,642,358
Commodity derivative fair value gains      
Revenue and other:      
Total revenue 111,049 731 166,324
Marketing      
Revenue and other:      
Total revenue 125,900 179,069 206,122
Operating expenses:      
Cost of goods and services sold 190,206 244,906 284,965
Amortization of deferred revenue, VPP      
Revenue and other:      
Total revenue 25,264 27,101 30,552
Other revenue and income      
Revenue and other:      
Total revenue 3,371 3,396 2,529
Exploration      
Operating expenses:      
Cost of goods and services sold $ 2,990 $ 2,618 $ 2,700