Antero Resources (AR) FCF Margin (2012 - 2026)

Antero Resources' (AR) quarterly FCF Margin came in at 34.68% in Q1 2026, up 1474.0% year-on-year from 2.2% in Q1 2025, and up 257.52% quarter-over-quarter from 22.01% in Q4 2025.

Antero Resources (AR) FCF Margin (2012 - 2026) Analysis & Trends

Antero Resources' FCF Margin history runs 15 years deep, the most recent figure standing at 34.68% for Q1 2026.

  • On a quarterly basis, FCF Margin rose 1474.0% year-over-year to 34.68% in Q1 2026; TTM through Mar 2026 was 22.97%, a 1335.0% increase from a year earlier, with the FY2025 full-year figure at 17.92%, up 1250.0% from the prior year.
  • FCF Margin climbed to 34.68% in Q1 2026 per AR's latest filing, from 22.01% in the prior quarter.
  • Across five years, FCF Margin topped out at 88.4% in Q4 2023 and bottomed at 30.29% in Q2 2023.
  • The 5-year median for FCF Margin is 21.22% (2023), against an average of 22.4%.
  • Across the five-year window, FCF Margin plunged 254888 bps in 2022 and surged 5013 bps in 2025, its largest moves.
  • Year by year, FCF Margin stood at 43.9% in 2022, then surged by 101 bps to 88.4% in 2023, then slumped by 83 bps to 14.76% in 2024, then tumbled by 249 bps to 22.01% in 2025, then surged by 258 bps to 34.68% in 2026.
  • Per Business Quant, the three latest AR FCF Margin figures stand at 34.68% (Q1 2026), 22.01% (Q4 2025), and 31.06% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Conocophillips 141.43 Bn 135.06 Bn 9.48 Bn 8.55%
2 Eog Resources 74.61 Bn 70.76 Bn - 40.64%
3 Diamondback Energy 55.39 Bn 55.39 Bn 4.22 Bn 21.11%
4 Woodside Energy 41.28 Bn 35.34 Bn 2.71 Bn -
5 Occidental Petroleum 32.80 Bn 28.99 Bn 4.87 Bn -5.22%
6 Eqt 32.48 Bn 32.37 Bn 1.42 Bn 21.98%
7 Texas Pacific Land 27.36 Bn 27.11 Bn - 68.41%
8 Devon Energy 26.53 Bn 24.72 Bn 3.61 Bn 18.10%
9 Expand Energy 21.67 Bn 19.37 Bn 4.21 Bn 38.55%
10 Antero Resources 10.45 Bn 10.20 Bn 1.95 Bn 34.68%

Historic Data

Download Data
DateValue
Mar 31, 2026 34.68%
Dec 31, 2025 -22.01%
Sep 30, 2025 31.06%
Jun 30, 2025 47.08%
Mar 31, 2025 19.94%
Dec 31, 2024 14.76%
Sep 30, 2024 1.81%
Jun 30, 2024 -3.05%
Mar 31, 2024 6.48%
Dec 31, 2023 88.40%
Sep 30, 2023 -5.23%
Jun 30, 2023 -30.29%
Mar 31, 2023 21.22%
Dec 31, 2022 43.90%
Sep 30, 2022 22.09%
Jun 30, 2022 38.98%
Mar 31, 2022 70.93%
Dec 31, 2021 6.87%
Sep 30, 2021 2,570.97%
Jun 30, 2021 29.37%