v3.26.3
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenue and other:        
Total revenue $ 1,562,837 $ 1,213,994 $ 5,067,805 $ 3,864,194
Operating expenses:        
Lease operating 44,121 32,415 136,798 103,645
Production and ad valorem taxes 30,920 28,884 149,452 119,013
General and administrative 57,795 56,944 178,930 176,572
Depletion, depreciation and amortization 241,167 188,778 674,660 562,719
Impairment of property and equipment 1,555 12,228 6,958 24,143
Accretion of asset retirement obligations 996 946 3,042 2,827
Contract termination, loss contingency and settlements 12,991 12,571 26,685 24,859
Loss (gain) on sale of assets (1,153) 171 (61,719) 142
Other operating expense 24 25 72 74
Total operating expenses 1,171,054 1,095,877 3,571,111 3,269,722
Operating income 391,783 118,117 1,496,694 594,472
Other income (expense):        
Interest expense, net (38,430) (18,232) (112,913) (61,554)
Equity in earnings of unconsolidated affiliate 110,710 29,055 170,207 88,279
Loss on early extinguishment of debt     (6,742) (3,628)
Transaction expense (552)   (24,599)  
Total other income 71,728 10,823 25,953 23,097
Income before income taxes 463,511 128,940 1,522,647 617,569
Income tax expense (96,371) (43,330) (320,877) (145,920)
Net income and comprehensive income including noncontrolling interests 367,140 85,610 1,201,770 471,649
Less: net income and comprehensive income attributable to noncontrolling interests   9,431 20,757 30,914
Net income and comprehensive income attributable to Antero Resources Corporation $ 367,140 $ 76,179 $ 1,181,013 $ 440,735
Net income per common share-basic (in dollars per share) $ 1.19 $ 0.25 $ 3.83 $ 1.42
Net income per common share-diluted (in dollars per share) $ 1.19 $ 0.24 $ 3.81 $ 1.41
Weighted average number of common shares outstanding:        
Basic (in shares) 307,408 308,763 308,679 310,128
Diluted (in shares) 308,626 311,034 310,171 312,741
Natural gas sales        
Revenue and other:        
Total revenue $ 702,721 $ 630,887 $ 2,702,675 $ 2,099,645
Natural gas liquids sales        
Revenue and other:        
Total revenue 579,842 470,392 1,671,205 1,512,581
Oil sales        
Revenue and other:        
Total revenue 44,698 31,351 150,972 115,386
Commodity derivative fair value gains        
Revenue and other:        
Total revenue 188,567 39,243 384,223 20,981
Gathering, compression, processing and transportation        
Operating expenses:        
Cost of goods and services sold 726,019 711,003 2,263,306 2,107,742
Marketing        
Revenue and other:        
Total revenue 40,102 34,902 137,829 94,203
Operating expenses:        
Cost of goods and services sold 55,708 51,068 190,320 145,826
Amortization of deferred revenue, VPP        
Revenue and other:        
Total revenue 5,924 6,368 17,579 18,896
Other revenue and income        
Revenue and other:        
Total revenue 983 851 3,322 2,502
Exploration        
Operating expenses:        
Cost of goods and services sold $ 911 $ 844 $ 2,607 $ 2,160