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Antero Resources AR Water Handling — 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%

Similar metrics at other companies

Antero Midstream Corporation logo
AMWater Handling — Operating Expenses
$64.56M+19.3%
Antero Midstream Corporation logo
AMWater Handling — Direct Operating Costs
$40.67M+32.7%
Antero Midstream Corporation logo
AMNatural Gas Water Handling And Treatment — Revenue (Gross)
$311K-38.4%
Texas Pacific Land logo
TPLWater service-related expenses
$14.29M+28.4%
Texas Pacific Land logo
TPLWSO — Water service-related expenses
$14.29M+28.4%
Antero Midstream Corporation logo
AMNatural Gas Water Handling And Treatment Affiliate — Revenue (Gross)
$72.82M+3.6%

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 water handling — cost of goods sold?
Antero Resources (AR) reported water handling — cost of goods sold of -$40.67M in Q1 2026.
How has Antero Resources's water handling — cost of goods sold changed year-over-year?
Antero Resources's water handling — cost of goods sold decreased by 32.7% year-over-year, from -$30.64M to -$40.67M.
What is the long-term trend for Antero Resources's water handling — cost of goods sold?
Over 3 years (2022 to 2025), Antero Resources's water handling — cost of goods sold has grown at a 5.9% compound annual growth rate (CAGR), from -$104.37M to -$124.06M.
What does water handling — cost of goods sold mean?
The total direct costs required to source, transport, and dispose of water used in oil and gas production operations.
How do you interpret water handling — cost of goods sold?
An increase in these costs may indicate rising operational complexity, higher maintenance requirements for water infrastructure, or inflationary pressures on labor and energy inputs. A decrease suggests improved operational efficiency or reduced water intensity in the production process.
How does water handling — cost of goods sold compare across companies?
Peers in the exploration and production sector often report similar costs under lease operating expenses or midstream service costs, though the degree of vertical integration in water handling varies significantly across the industry.