Antero Resources (AR) Net Margin (2012 - 2026)
Antero Resources' Net Margin came in at 23.49% for Q3 2026, up 17.22 percentage points from 6.28% a year earlier and up 5.63 percentage points from the prior quarter.
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Analysis
Antero Resources (AR) Net Margin (2012 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Antero Resources reported Net Margin of 21.22%, up 9.64 percentage points year-over-year; for FY2025, it was 12.03%, up 10.70 percentage points from FY2024.
- Net Margin carries a five-year change of +48.34 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 1.32% in FY2024 (-2.91 pp), 4.24% in FY2023 (-17.25 pp), 21.48% in FY2022 (+24.36 pp) and -2.87% in FY2021 (+33.44 pp).
- The five-year range for quarterly Net Margin is -19.88% (Q1 2022) to 43.78% (Q4 2021).
- Year-over-year, Net Margin has increased for eight consecutive quarters, with an average year-over-year change of +10.98 percentage points over the last eight quarters.
- The fastest year-over-year change in Net Margin over five years came in Q2 2022 (a gain of 71.16 percentage points), and the weakest in Q2 2023 (a drop of 39.86 percentage points).
- Business Quant data shows AR's Net Margin at 17.86% (Q2 2026), 27.52% (Q1 2026) and 13.72% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 13.62% |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | 588.80% |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 14.64% |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | 12.37% |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | 13.41% |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 19.95% |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 8.61% |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | 19.16% |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 10.90% |
| 10 | Antero Resources | 11.90 Bn | 11.90 Bn | 54.18 Mn | 23.49% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 23.49% |
| Jun 30, 2026 | 17.86% |
| Mar 31, 2026 | 27.52% |
| Dec 31, 2025 | 13.72% |
| Sep 30, 2025 | 6.28% |
| Jun 30, 2025 | 12.07% |
| Mar 31, 2025 | 14.67% |
| Dec 31, 2024 | 12.80% |
| Sep 30, 2024 | -3.35% |
| Jun 30, 2024 | -8.15% |
| Mar 31, 2024 | 2.03% |
| Dec 31, 2023 | 4.21% |
| Sep 30, 2023 | 1.58% |
| Jun 30, 2023 | -8.72% |
| Mar 31, 2023 | 15.15% |
| Dec 31, 2022 | 37.35% |
| Sep 30, 2022 | 21.66% |
| Jun 30, 2022 | 31.14% |
| Mar 31, 2022 | -19.88% |
| Dec 31, 2021 | 43.78% |
API Access
Antero Resources Net 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=net-margin&ticker=AR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=AR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();