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| Date | Value |
|---|---|
| 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% |