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Antero Resources AR Water Handling — Cost of Goods Sold

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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
Gathering and compression236,83025,662(25,662)236,830
Processing284,040284,040
Transportation180,852180,852
Water handling37,452(37,452)
Production and ad valorem taxes34,83034,830
Marketing51,98851,988
General and administrative (excluding equity-based compensation)41,32810,718(10,718)41,328
Equity-based compensation15,85511,407(11,407)15,855

Item 1. Financial Statements (Unaudited)

FAQ

What is Antero Resources's water handling — cost of goods sold?
Antero Resources (AR) reported water handling — cost of goods sold of -$47.99M in Q2 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 28.1% year-over-year, from -$37.45M to -$47.99M.
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?
This metric represents the direct operating expenses incurred by the company to provide water sourcing, transportation, and disposal services for its exploration and production activities. It captures the costs associated with maintaining water infrastructure, pumping operations, and environmental management required to support hydraulic fracturing and drilling processes. By isolating these costs, the company can evaluate the operational efficiency and cost-effectiveness of its internal water management segment.

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