Antero Resources (AR) Gross Margin (2012 - 2026)
Antero Resources' Gross Margin came in at 3.47% for Q3 2026, up 24.88 percentage points from -21.41% a year earlier and up 4.07 percentage points from the prior quarter.
Powered by 
Analysis
Antero Resources (AR) Gross Margin (2012 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Antero Resources reported Gross Margin of 3.32%, up 16.71 percentage points year-over-year; for FY2025, it came in at -11.98%, up 18.71 percentage points from FY2024.
- Gross Margin carries a five-year change of -26.03 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was -30.70% in FY2024 (-11.68 pp), -19.02% in FY2023 (-53.02 pp), 34.00% in FY2022 (-15.04 pp) and 49.04% in FY2021 (+34.99 pp).
- The five-year range for quarterly Gross Margin is -182.39% (Q4 2023) to 67.89% (Q2 2022).
- Year-over-year, Gross Margin has increased for eight consecutive quarters, with an average year-over-year change of +36.91 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in Q4 2024 (a gain of 161.16 percentage points), and the weakest in Q4 2022 (a drop of 139.51 percentage points).
- Business Quant data shows AR's Gross Margin at -0.61% (Q2 2026), 15.61% (Q1 2026) and -9.42% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 41.92% |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | - |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 46.11% |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | 47.31% |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | - |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 62.99% |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 13.53% |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | 83.69% |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 20.76% |
| 10 | Antero Resources | 11.90 Bn | 11.90 Bn | 54.18 Mn | 3.47% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 3.47% |
| Jun 30, 2026 | -0.61% |
| Mar 31, 2026 | 15.61% |
| Dec 31, 2025 | -9.42% |
| Sep 30, 2025 | -21.41% |
| Jun 30, 2025 | -12.22% |
| Mar 31, 2025 | -1.12% |
| Dec 31, 2024 | -21.23% |
| Sep 30, 2024 | -35.73% |
| Jun 30, 2024 | -42.88% |
| Mar 31, 2024 | -25.19% |
| Dec 31, 2023 | -182.39% |
| Sep 30, 2023 | 34.11% |
| Jun 30, 2023 | 23.33% |
| Mar 31, 2023 | 48.36% |
| Dec 31, 2022 | -78.79% |
| Sep 30, 2022 | 64.99% |
| Jun 30, 2022 | 67.89% |
| Mar 31, 2022 | 12.30% |
| Dec 31, 2021 | 60.71% |
API Access
Antero Resources Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=AR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "AR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=AR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();