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Antero Resources AR Natural Gas Processing — Cost of Goods Sold

Other product segments

Natural Gas Gathering Transportation Marketing And Processing
$789.11M+13.5%
Marketings
$62.55M+46.3%
Exploration
$792K+18.6%

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Other financials

Income statement

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Revenue$1.9B+43.8%
Operating income$729.5M+169%
Net income$548.2M+150%
EPS (diluted)$1.72+161%

Balance sheet

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Cash & equivalents$4.5M
Total debt$4.8B+24.8%
Total equity$8.1B+11.7%
Total assets$15.3B+17.6%

Cash flow

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Operating cash flow$859.1M+87.7%
CapEx$4.6M+666%
Free cash flow$854.4M+86.9%

Valuation

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Market cap$10.29B+4.1%
P/E10.3×-25.3×
P/S1.8×-0.4×

Profitability

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Operating margin22.9%+17.9pp
Net margin17.1%+11.0pp
FCF margin34.5%+11.6pp

Returns & leverage

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Return on equity13.1%+9.2pp
Debt / equity0.6×+0.1×
Current ratio0.4×0.0×

Where this comes from

Reported directly by Antero Resources in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: Antero Resources’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Antero Resources's natural gas processing — cost of goods sold?
Antero Resources (AR) reported natural gas processing — cost of goods sold of $287.77M in Q1 2026.
How has Antero Resources's natural gas processing — cost of goods sold changed year-over-year?
Antero Resources's natural gas processing — cost of goods sold increased by 10.2% year-over-year, from $261.16M to $287.77M.
What is the long-term trend for Antero Resources's natural gas processing — cost of goods sold?
Over 3 years (2022 to 2025), Antero Resources's natural gas processing — cost of goods sold has grown at a 9.0% compound annual growth rate (CAGR), from $869.74M to $1.13B.
What does natural gas processing — cost of goods sold mean?
This metric represents the direct operating expenses and service costs associated with the midstream processing of natural gas and natural gas liquids within the specified business segment. It encompasses costs such as gathering, compression, dehydration, and fractionation necessary to prepare raw production for market sale. Tracking these costs is essential for evaluating the operational efficiency and margin profile of the company's midstream processing activities.