NYSE$AR

Antero Resources Corp · Q1 2026 earnings

Q1 2026 earnings · · After market close · Investor relations

Briefing

Antero Resources reported Q1 2026 total revenue of $1.35B and net income attributable to Antero of $208.0M, with diluted EPS of $0.66.

Total revenue was $1.35 billion versus $1.95 billion as commodity prices and marketing volumes shifted. Net income attributable to Antero Resources was $208.0 million ($535.2 million prior year); diluted EPS was $0.66 ($1.72 prior year). Gathering, compression, and transportation costs remained the largest operating expense line.

  • Total revenue $1.35B; net income to Antero $208.0M.
  • Diluted EPS $0.66.
  • Natural gas and NGL production focus in Appalachia.
  • Midstream gathering costs $695M in quarter.

Headline financials

Total Revenue

$1.95B

Previous: $1.35B+43.8%
EPS (adj)

$0.66

Previous: $0.07+842.9%
Capital Expenditures

-$197M

Previous: -$206M+4.5%
Net Income

$548M

Previous: $219M+149.8%
Operating Income

$729M

Previous: $271M+168.7%

Revenue & EPS history

Antero · Revenue · Quarterly

$1.95B

Q1 2026+43.8%vs Q1 2025
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

E&P outlook tied to Henry Hub pricing, production guidance, and hedging; capital return discussed in MD&A.

Tailwinds

  • Still profitable at scale despite lower revenue.
  • Production and midstream integration.
  • Liquids and gas marketing diversification.

Headwinds

  • Revenue down sharply YoY on prices.
  • Depletion and G&A remain elevated.
  • Commodity price volatility on net income.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+1.3%

Avg return

Earnings day

+2.7%

Avg return

5 days after

+2.3%

Avg return

30 days after

53%

29 / 55 earnings

Positive

+34.8%

Q1 2020

Best reaction

-7.7%

Q2 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.6%+0.3%-8.5%
Q4 2025-3.7%-4.2%+16.7%
Q3 2025-5.0%+4.1%+15.2%
Q1 2025-0.5%+1.9%+7.5%
Q4 2024+2.0%+0.9%-4.6%
Q3 2024-6.2%-3.7%+18.5%
Q2 2024-0.9%-13.2%-7.0%
Q1 2024+7.6%+10.6%+7.3%
Q4 2023+12.0%+14.1%+22.9%
Q3 2023+5.1%+1.8%-10.3%
Q2 2023+3.8%+9.3%+7.7%
Q1 2023-1.2%-0.3%-1.9%
Q4 2022-3.1%-11.2%-23.7%
Q3 2022+1.2%+3.6%+5.4%
Q2 2022-1.9%-0.1%+7.4%
Q1 2022+10.1%+8.0%+37.4%
Q4 2021+1.5%+6.0%+25.2%
Q3 2021-1.9%-1.8%-11.4%
Q2 2021-2.0%-6.0%-0.4%
Q1 2021-6.4%-0.9%+30.7%
Q4 2020-5.6%-7.7%+3.4%
Q3 2020-1.9%-0.5%+14.5%
Q2 2020+6.0%+20.1%+23.7%
Q1 2020+34.8%+51.1%+35.3%
Q4 2019+3.5%-2.9%-25.9%
Q3 2019+3.8%+2.7%-19.2%
Q2 2019-0.7%-3.3%-30.2%
Q1 2019-0.4%+4.0%-9.4%
Q4 2018-2.2%+6.3%-5.1%
Q3 2018+5.8%+10.0%-15.6%
Q2 2018-7.7%-8.9%-9.9%
Q1 2018+0.3%-1.8%-5.6%
Q4 2017+4.6%+8.4%+15.9%
Q3 2017-2.6%+3.6%-0.1%
Q2 2017-6.4%-3.8%-2.1%
Q1 2017-1.4%-0.4%-4.5%
Q4 2016+1.5%+0.7%-5.1%
Q3 2016+5.6%+4.4%-3.3%
Q2 2016+5.2%+5.3%-0.3%
Q1 2016-3.0%
Q4 2015+3.2%
Q3 2015+10.5%
Q2 2015-3.2%
Q1 2015+5.7%
Q4 2014+2.8%
Q3 2014+3.0%
Q2 2014-2.2%
Q1 2014-5.3%
Q2 2012+3.0%
Q4 2011+3.0%
Q1 2012+3.0%
Q4 2013+3.5%
Q3 2012-2.2%
Q4 2012-2.2%
Q3 2013+0.1%
Q2 2013
Q1 2013

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro