Antero Resources (AR) Return on Capital Employed [ROCE] (2013 - 2026)
Antero Resources (AR) recorded Return on Capital Employed [ROCE] of 11.15% in Q2 2026, up 6.72 percentage points from 4.43% a year earlier and up 0.51 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 Q2 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 six consecutive quarters, with an average year-over-year change of +2.52 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 10.64% (Q1 2026), 7.63% (Q4 2025) and 5.70% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 753.32 Bn | 716.53 Bn | - | 12.28% |
| 2 | Chevron | 460.83 Bn | 438.62 Bn | 33.45 Bn | -29.93% |
| 3 | Shell | 307.74 Bn | 238.48 Bn | 30.13 Bn | 17.79% |
| 4 | TotalEnergies SE | 204.79 Bn | 87.92 Bn | 61.77 Bn | 39.24% |
| 5 | Conocophillips | 181.17 Bn | 153.88 Bn | 12.81 Bn | 28.17% |
| 6 | Equinor Asa | 122.04 Bn | 36.56 Bn | - | - |
| 7 | Canadian Natural Resources | 114.63 Bn | 111.64 Bn | 8.84 Bn | - |
| 8 | Phillips 66 | 112.97 Bn | 101.96 Bn | 8.38 Bn | -190.97% |
| 9 | Eni Spa | 97.68 Bn | 47.86 Bn | - | 5.31% |
| 10 | Antero Resources | 12.41 Bn | 12.41 Bn | -9.48 Mn | 11.15% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | -10.50% |
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();