v3.26.1
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue and other:        
Total revenue $ 1,559,842 $ 1,297,493 $ 3,504,968 $ 2,650,200
Operating expenses:        
Lease operating 48,148 37,244 92,677 71,230
Production and ad valorem taxes 37,535 34,830 118,532 90,129
General and administrative 57,795 57,183 121,135 119,628
Depletion, depreciation and amortization 227,254 187,589 433,493 373,941
Impairment of property and equipment 4,455 6,297 5,403 11,915
Accretion of asset retirement obligations 983 942 2,046 1,881
Contract termination, loss contingency and settlements 1,659 13,596 13,694 12,288
Loss (gain) on sale of assets (14,616) 546 (60,566) (29)
Other operating expense 26 25 48 49
Total operating expenses 1,184,383 1,092,610 2,400,057 2,173,845
Operating income 375,459 204,883 1,104,911 476,355
Other income (expense):        
Interest expense, net (37,520) (19,954) (74,483) (43,322)
Equity in earnings of unconsolidated affiliate 29,379 30,563 59,497 59,224
Loss on early extinguishment of debt   (729) (6,742) (3,628)
Transaction expense (1,903)   (24,047)  
Total other income (expense) (10,044) 9,880 (45,775) 12,274
Income before income taxes 365,415 214,763 1,059,136 488,629
Income tax expense (78,998) (48,190) (224,506) (102,590)
Net income and comprehensive income including noncontrolling interests 286,417 166,573 834,630 386,039
Less: net income and comprehensive income attributable to noncontrolling interests 7,760 9,988 20,757 21,483
Net income and comprehensive income attributable to Antero Resources Corporation $ 278,657 $ 156,585 $ 813,873 $ 364,556
Net income per common share-basic (in dollars per share) $ 0.9 $ 0.5 $ 2.63 $ 1.17
Net income per common share-diluted (in dollars per share) $ 0.9 $ 0.5 $ 2.62 $ 1.16
Weighted average number of common shares outstanding:        
Basic (in shares) 309,712 310,323 309,325 310,822
Diluted (in shares) 310,643 313,184 310,931 314,096
Natural gas sales        
Revenue and other:        
Total revenue $ 688,478 $ 688,753 $ 1,999,954 $ 1,468,758
Natural gas liquids sales        
Revenue and other:        
Total revenue 587,714 480,757 1,091,363 1,042,189
Oil sales        
Revenue and other:        
Total revenue 59,579 33,700 106,274 84,035
Commodity derivative fair value gains (losses)        
Revenue and other:        
Total revenue 160,633 53,409 195,656 (18,262)
Gathering, compression, processing and transportation        
Operating expenses:        
Cost of goods and services sold 748,181 701,722 1,537,287 1,396,739
Marketing        
Revenue and other:        
Total revenue 56,066 33,743 97,727 59,301
Operating expenses:        
Cost of goods and services sold 72,059 51,988 134,612 94,758
Amortization of deferred revenue, VPP        
Revenue and other:        
Total revenue 5,860 6,298 11,655 12,528
Other revenue and income        
Revenue and other:        
Total revenue 1,512 833 2,339 1,651
Exploration        
Operating expenses:        
Cost of goods and services sold $ 904 $ 648 $ 1,696 $ 1,316