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Antero Resources AR Operating margin

Operating margin at other companies

EQT Corporation logo
EQT CorporationEQT
46.6%+28.7pp
Antero Midstream Corporation logo
Antero Midstream CorporationAM
54.2%-5.8pp
Permian Resources logo
Permian ResourcesPR
28.1%-6.6pp
TRG
Targa ResourcesTRGP
21.9%+6.1pp
EOG Resources logo
EOG ResourcesEOG
29.8%-3.2pp
Oneok logo
OneokOKE
16.9%-3.7pp

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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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

Calculated from Antero Resources’s reported figures.

Based on trailing twelve months.

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 operating margin?
Antero Resources (AR) reported operating margin of 22.9% in Q1 2026.
How has Antero Resources's operating margin changed year-over-year?
Antero Resources's operating margin increased by 364.6% year-over-year, from 4.9% to 22.9%.
What is the long-term trend for Antero Resources's operating margin?
Over 5 years (2020 to 2025), Antero Resources's operating margin has grown at a -9.3% compound annual growth rate (CAGR), from -27.3% to 16.7%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.