Antero Resources (AR) Operating Margin (2012 - 2026)
Antero Resources (AR) reported Operating Margin of 25.07% for Q3 2026, up 15.34 percentage points from 9.73% a year earlier and up 1.00 percentage points from the prior quarter.
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Analysis
Antero Resources (AR) Operating Margin (2012 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Antero Resources' Operating Margin came in at 27.56%, up 14.77 percentage points year-over-year; for FY2025, it came in at 16.75%, up 16.74 percentage points from FY2024.
- Operating Margin has a five-year change of +44.06 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at 0.01% in FY2024 (-8.45 pp), 8.46% in FY2023 (-20.69 pp), 29.15% in FY2022 (+28.78 pp) and 0.37% in FY2021 (+27.67 pp).
- Five-year quarterly Operating Margin spans a low of -26.00% in Q1 2022 and a high of 61.02% in Q4 2021.
- Year over year, Operating Margin has now increased in each of the last seven quarters, with an average year-over-year change of +13.15 percentage points over the last eight quarters.
- The high point for year-over-year Operating Margin in five years was Q2 2022 (a gain of 92.35 percentage points); the low point was Q2 2023 (a drop of 52.54 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 24.07% (Q2 2026), 37.50% (Q1 2026) and 20.49% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 18.93% |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | - |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 20.54% |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | 39.66% |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | 7.15% |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 50.83% |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 36.02% |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | 78.41% |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 14.27% |
| 10 | Antero Resources | 11.90 Bn | 11.90 Bn | 54.18 Mn | 25.07% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 25.07% |
| Jun 30, 2026 | 24.07% |
| Mar 31, 2026 | 37.50% |
| Dec 31, 2025 | 20.49% |
| Sep 30, 2025 | 9.73% |
| Jun 30, 2025 | 15.79% |
| Mar 31, 2025 | 19.15% |
| Dec 31, 2024 | 4.94% |
| Sep 30, 2024 | -2.36% |
| Jun 30, 2024 | -8.18% |
| Mar 31, 2024 | 4.25% |
| Dec 31, 2023 | 8.20% |
| Sep 30, 2023 | 4.95% |
| Jun 30, 2023 | -9.33% |
| Mar 31, 2023 | 23.54% |
| Dec 31, 2022 | 48.25% |
| Sep 30, 2022 | 29.96% |
| Jun 30, 2022 | 43.21% |
| Mar 31, 2022 | -26.00% |
| Dec 31, 2021 | 61.02% |
API Access
Antero Resources Operating 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=operating-margin&ticker=AR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=AR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();