Antero Resources Corporation (AR) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1615 WYNKOOP STREET DENVER, CO 80202 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Receivables | 23,552 | 40,121 | 42,619 | 36,928 | 36,887 | 30,207 | |||
| Prepaid expense | 9,789 | 12,326 | 12,901 | ||||||
| Derivative instruments and hedges, assets | 2,440 | 6,579 | 5,175 | 2,563 | 3,099 | 6,242 | |||
| Other current assets | 10,758 | 17,468 | 14,192 | ||||||
| Other undisclosed current assets | 362,451 | 326,218 | 400,805 | 382,928 | 344,742 | 401,193 | |||
| Total current assets: | 408,990 | 402,712 | 475,692 | 422,419 | 384,728 | 437,642 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 3,242 | ||||||||
| Operating lease, right-of-use asset | 2,797,447 | 2,932,501 | 2,965,880 | 3,128,584 | 3,262,253 | 3,401,994 | |||
| Property, plant and equipment | 106,684 | 104,409 | 98,668 | 95,317 | 91,255 | 87,091 | |||
| Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment | 15,142,051 | 15,023,123 | 14,883,446 | 14,794,112 | 14,633,719 | 14,464,037 | |||
| Long-term investments and receivables | 223,552 | 226,034 | 222,255 | 220,110 | 218,196 | 219,515 | |||
| Long-term investments | 223,552 | 226,034 | 222,255 | 220,110 | 218,196 | 219,515 | |||
| Derivative instruments and hedges | 3,176 | 3,929 | 5,570 | 6,627 | 7,934 | 9,825 | |||
| Regulated entity, other noncurrent assets | 8,777 | ||||||||
| Other noncurrent assets | 24,579 | 29,828 | 25,375 | 21,035 | 17,488 | 16,253 | |||
| Other undisclosed noncurrent assets | (5,302,655) | (5,174,042) | (5,057,472) | (4,951,647) | (4,848,763) | (4,765,211) | |||
| Total noncurrent assets: | 13,006,853 | 13,145,782 | 13,143,722 | 13,314,138 | 13,382,082 | 13,433,504 | |||
| TOTAL ASSETS: | 13,415,843 | 13,548,494 | 13,619,414 | 13,736,557 | 13,766,810 | 13,871,146 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 365,347 | 314,957 | 381,340 | 335,093 | 366,038 | 401,769 | |||
| Accounts payable | 83,685 | ||||||||
| Accrued liabilities | 365,347 | 314,957 | 381,340 | 335,093 | 366,038 | 318,084 | |||
| Deferred revenue | 26,153 | 26,593 | 27,101 | 27,990 | 28,878 | 29,757 | |||
| Debt | 1,197 | 1,154 | 1,106 | 1,009 | 846 | 726 | |||
| Derivative instruments and hedges, liabilities | 22,756 | 14,148 | 15,236 | 31,134 | 35,509 | 28,716 | |||
| Other liabilities | 1,061 | 1,240 | 1,295 | 6,302 | 6,728 | 2,103 | |||
| Due to related parties | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 99,784 | ||
| Other undisclosed current liabilities | 989,498 | 1,024,811 | 1,026,013 | 1,059,526 | 1,068,865 | 934,686 | |||
| Total current liabilities: | 1,406,012 | 1,382,903 | 1,452,091 | 1,461,054 | 1,506,864 | 1,497,541 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,593,253 | 1,510,109 | 1,537,596 | 1,606,895 | 1,492,270 | 1,312,046 | |||
| Long-term debt, excluding current maturities | 1,591,208 | 1,510,109 | 1,537,596 | 1,606,895 | 1,492,270 | 1,312,046 | |||
| Finance lease, liability | 2,045 | ||||||||
| Liabilities, other than long-term debt | 3,280,497 | 984,332 | 987,175 | 989,097 | 987,613 | 1,039,596 | |||
| Deferred revenue | 48,184 | 54,482 | 60,712 | 67,524 | 74,337 | 81,075 | |||
| Asset retirement obligations | 55,878 | ||||||||
| Deferred income tax liabilities | 830,826 | 844,230 | 834,268 | 805,775 | 792,149 | 822,010 | |||
| Other liabilities | 56,107 | 60,082 | 59,431 | 63,214 | 61,903 | 60,657 | |||
| Operating lease, liability | 2,265,986 | ||||||||
| Derivative instruments and hedges, liabilities | 23,516 | 25,538 | 32,764 | 52,584 | 59,224 | 75,854 | |||
| Other undisclosed noncurrent liabilities | (55,878) | 2,399,274 | 2,428,450 | 2,581,323 | 2,711,735 | 2,851,571 | |||
| Total noncurrent liabilities: | 4,817,872 | 4,893,715 | 4,953,221 | 5,177,315 | 5,191,618 | 5,203,213 | |||
| Total liabilities: | 6,223,884 | 6,276,618 | 6,405,312 | 6,638,369 | 6,698,482 | 6,700,754 | |||
| Equity | |||||||||
| Equity, attributable to parent | 6,985,010 | 7,050,853 | 6,981,404 | 6,862,081 | 6,825,894 | 6,911,364 | |||
| Common stock | 3,110 | 3,102 | 3,035 | 3,004 | 3,004 | 2,993 | |||
| Additional paid in capital | 5,879,390 | 5,879,578 | 5,846,541 | 5,822,013 | 5,803,634 | 5,806,031 | |||
| Retained earnings | 1,102,510 | 1,168,173 | 1,131,828 | 1,037,064 | 1,019,256 | 1,102,340 | |||
| Equity, attributable to noncontrolling interest | 206,949 | 221,023 | 232,698 | 236,107 | 242,434 | 259,028 | |||
| Total equity: | 7,191,959 | 7,271,876 | 7,214,102 | 7,098,188 | 7,068,328 | 7,170,392 | |||
| TOTAL LIABILITIES AND EQUITY: | 13,415,843 | 13,548,494 | 13,619,414 | 13,736,557 | 13,766,810 | 13,871,146 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 978,654 | 1,122,271 | 1,194,143 | 1,126,176 | 953,305 | 1,408,348 | ||
| Cost of revenue | (980,129) | (1,000,268) | (984,097) | (997,679) | (971,646) | (1,018,585) | ||
| Gross profit: | (1,475) | 122,003 | 210,046 | 128,497 | (18,341) | 389,763 | ||
| Operating expenses | (60,514) | (56,843) | (55,202) | (72,765) | (70,595) | (58,273) | ||
| Other operating expense, net | (117,165) | |||||||
| Other undisclosed operating income | 117,165 | |||||||
| Operating income (loss): | (61,989) | 65,160 | 154,844 | 55,732 | (88,936) | 331,490 | ||
| Nonoperating expense | (11,800) | (6,840) | (8,930) | (9,427) | (8,830) | (8,105) | ||
| Investment income, nonoperating | 9,446 | 28,400 | 126,192 | |||||
| Interest and debt expense | (288) | (86) | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (73,789) | 58,320 | 145,626 | 46,305 | (97,766) | 323,299 | ||
| Income from equity method investments | 20,881 | |||||||
| Other undisclosed income (loss) from continuing operations before income taxes | (20,881) | 288 | 86 | |||||
| Income (loss) from continuing operations before income taxes: | (73,789) | 58,320 | 145,914 | 46,305 | (97,766) | 323,385 | ||
| Income tax expense (benefit) | 13,334 | (10,033) | (29,981) | (13,663) | 29,833 | (62,183) | ||
| Net income (loss): | (60,455) | 48,287 | 115,933 | 32,642 | (67,933) | 261,202 | ||
| Net loss attributable to noncontrolling interest | (5,208) | (11,942) | (21,169) | (14,834) | (15,151) | (47,771) | ||
| Net income (loss) available to common stockholders, basic: | (65,663) | 36,345 | 94,764 | 17,808 | (83,084) | 213,431 | ||
| Other undisclosed net income available to common stockholders, diluted | 200 | 309 | 369 | 484 | ||||
| Net income (loss) available to common stockholders, diluted: | (65,663) | 36,545 | 95,073 | 18,177 | (83,084) | 213,915 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (60,455) | 48,287 | 115,933 | 32,642 | (67,933) | 261,202 | ||
| Comprehensive income (loss): | (60,455) | 48,287 | 115,933 | 32,642 | (67,933) | 261,202 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (5,208) | (11,942) | (21,169) | (14,834) | (15,151) | (47,771) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (65,663) | 36,345 | 94,764 | 17,808 | (83,084) | 213,431 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.