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Antero Resources AR Natural Gas Processing — Cost of Goods Sold

Other product segments

Marketings
$72.06M+38.6%
Exploration
$904K+39.5%

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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 itemExploration / and / ProductionMarketingEquity Method / Investment in / Antero / Midstream (1)Elimination of / Unconsolidated / AffiliateConsolidated / Total
Operating expenses:
Lease operating48,14848,148
Gathering and compression270,22536,533(36,533)270,225
Processing292,745292,745
Transportation185,211185,211
Water handling47,993(47,993)
Production and ad valorem taxes37,53537,535
Marketing72,05972,059

Item 1. Financial Statements (Unaudited)

FAQ

What is Antero Resources's natural gas processing — cost of goods sold?
Antero Resources (AR) reported natural gas processing — cost of goods sold of $292.75M in Q2 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 3.1% year-over-year, from $284.04M to $292.75M.
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.

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