Antero Resources (AR) Return on Capital Employed [ROCE] (2013 - 2026)
Antero Resources (AR) recorded Return on Capital Employed [ROCE] of 13.27% in Q3 2026, up 7.57 percentage points from 5.70% a year earlier and up 2.12 percentage points from the prior quarter.
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Analysis
Antero Resources (AR) Return on Capital Employed [ROCE] (2013 - 2026) Analysis & Trends
For FY2025, Antero Resources reported Return on Capital Employed [ROCE] of 7.60%, up 7.60 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has a five-year change of +14.83 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Capital Employed [ROCE] came in at 0.00% in FY2024 (-3.20 pp), 3.20% in FY2023 (-17.55 pp), 20.76% in FY2022 (+20.55 pp) and 0.21% in FY2021 (+7.44 pp).
- The Q3 2026 figure is the highest quarterly Return on Capital Employed [ROCE] since Q2 2023.
- On a year-over-year basis, Return on Capital Employed [ROCE] has increased for seven consecutive quarters, with an average year-over-year change of +4.65 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 35.03 percentage points in Q3 2022, against a drop of 23.68 percentage points in Q1 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 11.15% (Q2 2026), 10.64% (Q1 2026) and 7.63% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 14.97% |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | 15.97% |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 13.86% |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | - |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | 7.67% |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 30.91% |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | - |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | - |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 26.83% |
| 10 | Antero Resources | 11.90 Bn | 11.90 Bn | 54.18 Mn | 13.27% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 13.27% |
| Jun 30, 2026 | 11.15% |
| Mar 31, 2026 | 10.64% |
| Dec 31, 2025 | 7.63% |
| Sep 30, 2025 | 5.70% |
| Jun 30, 2025 | 4.43% |
| Mar 31, 2025 | 1.94% |
| Dec 31, 2024 | 0.00% |
| Sep 30, 2024 | 0.34% |
| Jun 30, 2024 | 1.00% |
| Mar 31, 2024 | 0.93% |
| Dec 31, 2023 | 3.25% |
| Sep 30, 2023 | 9.82% |
| Jun 30, 2023 | 15.63% |
| Mar 31, 2023 | 24.61% |
| Dec 31, 2022 | 20.33% |
| Sep 30, 2022 | 24.53% |
| Jun 30, 2022 | 12.39% |
| Mar 31, 2022 | -2.44% |
| Dec 31, 2021 | 0.21% |
API Access
Antero Resources Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=AR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=AR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();