Antero Resources Corp
Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Production; Marketing; and Equity Method Investment in Antero Midstream. As of December 31, 2025, the company had approximat… Read more
Antero Resources Corp (AR) - Net Assets
Latest net assets as of December 2025: $7.72 Billion USD
Based on the latest financial reports, Antero Resources Corp (AR) has net assets worth $7.72 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($13.25 Billion) and total liabilities ($5.53 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $7.72 Billion |
| % of Total Assets | 58.25% |
| Annual Growth Rate | 10.29% |
| 5-Year Change | 27.19% |
| 10-Year Change | -0.17% |
| Growth Volatility | 33.32 |
Antero Resources Corp - Net Assets Trend (2011–2025)
This chart illustrates how Antero Resources Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Antero Resources Corp (2011–2025)
The table below shows the annual net assets of Antero Resources Corp from 2011 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $7.72 Billion | +6.92% |
| 2024-12-31 | $7.22 Billion | +1.15% |
| 2023-12-31 | $7.13 Billion | +1.67% |
| 2022-12-31 | $7.02 Billion | +15.68% |
| 2021-12-31 | $6.07 Billion | -0.40% |
| 2020-12-31 | $6.09 Billion | -12.63% |
| 2019-12-31 | $6.97 Billion | -17.87% |
| 2018-12-31 | $8.49 Billion | -4.38% |
| 2017-12-31 | $8.88 Billion | +14.85% |
| 2016-12-31 | $7.73 Billion | +6.06% |
| 2015-12-31 | $7.29 Billion | +33.12% |
| 2014-12-31 | $5.47 Billion | +52.11% |
| 2013-12-31 | $3.60 Billion | +115.01% |
| 2012-12-31 | $1.67 Billion | -14.55% |
| 2011-12-31 | $1.96 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Antero Resources Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 237.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.68 Billion | 22.28% |
| Common Stock | $3.08 Million | 0.04% |
| Other Components | $5.87 Billion | 77.68% |
| Total Equity | $7.55 Billion | 100.00% |
Antero Resources Corp Competitors by Market Cap
The table below lists competitors of Antero Resources Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Biomarin Pharmaceutical Inc
NASDAQ:BMRN
|
$10.73 Billion |
|
Assurant Inc
NYSE:AIZ
|
$10.74 Billion |
|
Gildan Activewear Inc.
NYSE:GIL
|
$10.76 Billion |
|
Alcoa Corp
NYSE:AA
|
$10.77 Billion |
|
The J. M. Smucker Company
NYSE:SJM
|
$10.72 Billion |
|
BorgWarner Inc
NYSE:BWA
|
$10.71 Billion |
|
GF Securities Co Ltd
SHE:000776
|
$10.71 Billion |
|
Eicher Motors Limited
NSE:EICHERMOT
|
$10.70 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Antero Resources Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,021,650,000 to 7,550,827,000, a change of 529,177,000 (7.5%).
- Net income of 634,418,000 contributed positively to equity growth.
- Dividend payments of 125,255,000 reduced retained earnings.
- Share repurchases of 136,404,000 reduced equity.
- Other factors increased equity by 156,418,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $634.42 Million | +8.4% |
| Dividends Paid | $125.25 Million | -1.66% |
| Share Repurchases | $136.40 Million | -1.81% |
| Other Changes | $156.42 Million | +2.07% |
| Total Change | $- | 7.54% |
Book Value vs Market Value Analysis
This analysis compares Antero Resources Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.70x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 5.46x to 1.70x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | $7.53 | $41.13 | x |
| 2012-12-31 | $6.43 | $41.13 | x |
| 2013-12-31 | $13.73 | $41.13 | x |
| 2014-12-31 | $16.73 | $41.13 | x |
| 2015-12-31 | $21.65 | $41.13 | x |
| 2016-12-31 | $21.23 | $41.13 | x |
| 2017-12-31 | $25.77 | $41.13 | x |
| 2018-12-31 | $24.26 | $41.13 | x |
| 2019-12-31 | $22.75 | $41.13 | x |
| 2020-12-31 | $21.17 | $41.13 | x |
| 2021-12-31 | $18.68 | $41.13 | x |
| 2022-12-31 | $20.52 | $41.13 | x |
| 2023-12-31 | $22.15 | $41.13 | x |
| 2024-12-31 | $22.40 | $41.13 | x |
| 2025-12-31 | $24.17 | $41.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Antero Resources Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.40%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.03%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 1.75x
- Recent ROE (8.40%) is above the historical average (2.15%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 20.05% | 201.08% | 0.05x | 1.93x | $196.80 Million |
| 2012 | -17.03% | -107.58% | 0.07x | 2.16x | $-452.44 Million |
| 2013 | -0.53% | -2.30% | 0.12x | 1.84x | $-378.80 Million |
| 2014 | 15.37% | 38.30% | 0.15x | 2.64x | $235.21 Million |
| 2015 | 15.86% | 68.46% | 0.10x | 2.39x | $347.92 Million |
| 2016 | -13.55% | -48.36% | 0.12x | 2.28x | $-1.48 Billion |
| 2017 | 7.55% | 22.28% | 0.18x | 1.87x | $-199.85 Million |
| 2018 | -5.19% | -10.88% | 0.24x | 2.02x | $-1.16 Billion |
| 2019 | -4.88% | -9.33% | 0.24x | 2.18x | $-1.04 Billion |
| 2020 | -21.98% | -41.11% | 0.23x | 2.28x | $-1.84 Billion |
| 2021 | -3.25% | -3.23% | 0.42x | 2.41x | $-762.62 Million |
| 2022 | 27.71% | 22.55% | 0.59x | 2.09x | $1.20 Billion |
| 2023 | 2.87% | 4.64% | 0.32x | 1.96x | $-491.75 Million |
| 2024 | 0.81% | 1.39% | 0.32x | 1.85x | $-644.94 Million |
| 2025 | 8.40% | 12.03% | 0.40x | 1.75x | $-120.66 Million |
Industry Comparison
This section compares Antero Resources Corp's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $1,751,793,864
- Average return on equity (ROE) among peers: -1.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Antero Resources Corp (AR) | $7.72 Billion | 20.05% | 0.72x | $10.72 Billion |
| Advantage Energy Ltd. (AAVVF) | $1.33 Billion | 0.83% | 0.33x | $922.80 Million |
| ADX Energy Ltd (ADXRF) | $4.37 Million | -14.30% | 0.01x | $9.58 Million |
| ARC Resources Ltd. (AETUF) | $3.40 Billion | 7.09% | 0.69x | $10.30 Billion |
| Aminex PLC (AEXFF) | $7.53 Million | -11.90% | 0.27x | $77.17 Million |
| Aker BP ASA (AKRBF) | $12.69 Billion | 14.40% | 2.32x | $6.29 Billion |
| Arkanova Energy Corporation (AKVA) | $-35.51K | 0.00% | 0.00x | $4.92K |
| Allied Resources Inc (ALOD) | $2.39 Million | -3.81% | 0.14x | $428.76K |
| Altex Industries Inc (ALTX) | $2.60 Million | -10.61% | 0.15x | $1.08 Million |
| Alvopetro Energy Ltd (ALVOF) | $66.14 Million | -10.76% | 0.04x | $117.02 Million |
| AMEN Properties Inc (AMEN) | $15.55 Million | 14.30% | 0.08x | $4.94 Million |