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Antero Resources AR Exploration — Cost of Goods Sold

Other product segments

Marketings
$72.06M+38.6%

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Other financials

Income statement

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Revenue$1.6B+20.2%
Operating income$375.5M+83.3%
Net income$286.4M+71.9%
EPS (diluted)$0.90+80.0%

Balance sheet

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Total debt$4.6B+32.2%
Total equity$8.3B+13.8%
Total assets$15.2B+19.3%

Cash flow

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Operating cash flow$438.8M-10.9%
CapEx$4.3M+337%
Free cash flow$434.6M-11.6%

Valuation

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Market cap$10.55B+3.5%
P/E9.4×-11.3×
P/S1.7×-0.4×

Profitability

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Operating margin24.7%+15.0pp
Net margin18.3%+8.2pp
FCF margin32.1%+3.5pp

Returns & leverage

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Return on equity14.4%+7.5pp
Debt / equity0.6×+0.1×
Current ratio0.4×+0.1×

Where this comes from

Reported directly by Antero Resources in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: Antero Resources’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:17 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-088153
Line itemThree Months Ended June 30, 2025Three Months Ended June 30, 2026
Gathering, compression, processing and transportation701,722748,181
Production and ad valorem taxes34,83037,535
Marketing51,98872,059
Exploration648904
General and administrative (including equity-based compensation expense of $15,855 and $13,266 in 2025 and 2026, respectively)57,18357,795
Depletion, depreciation and amortization187,589227,254
Impairment of property and equipment6,2974,455
Accretion of asset retirement obligations942983

Item 1. Financial Statements (Unaudited)

FAQ

What is Antero Resources's exploration — cost of goods sold?
Antero Resources (AR) reported exploration — cost of goods sold of $904K in Q2 2026.
How has Antero Resources's exploration — cost of goods sold changed year-over-year?
Antero Resources's exploration — cost of goods sold increased by 39.5% year-over-year, from $648K to $904K.
What is the long-term trend for Antero Resources's exploration — cost of goods sold?
Over 2 years (2021 to 2025), Antero Resources's exploration — cost of goods sold has grown at a -32.5% compound annual growth rate (CAGR), from $6.57M to $2.99M.
What does exploration — cost of goods sold mean?
This metric represents the direct costs incurred by the exploration segment to support the identification and assessment of potential oil and gas reserves. It encompasses expenses directly attributable to exploration activities, such as geological and geophysical studies, exploratory drilling, and related technical services. These costs are essential for evaluating the viability of new resource opportunities before they transition to development or production phases.

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