Antero Resources Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	5,136	4,294	4,483	8,712	6,510
Other Revenue	3.37	3.4	2.53	5.16	1.03
Revenue	5,140	4,298	4,485	8,717	6,511
Revenue Growth (YoY)	19.59%	-4.18%	-48.55%	33.88%	91.64%
Cost of Revenue	1,726	1,552	1,581	2,042	2,087
Gross Profit	3,414	2,746	2,904	6,674	4,424
Selling, General & Admin	1,853	1,951	1,848	1,654	1,663
Other Operating Expenses	-132.32	-23.68	-193.3	1,583	1,895
Operating Expenses	2,503	2,740	2,455	4,109	4,398
Operating Income	911.39	5.79	448.41	2,565	25.93
Interest Expense	-83.68	-118.21	-117.87	-125.37	-181.87
Earnings From Equity Investments	98.48	93.79	82.95	72.33	77.09
Other Non Operating Income (Expenses)	-4.39	-	-	-	-3.3
EBT Excluding Unusual Items	921.81	-18.63	413.49	2,512	-82.15
Gain (Loss) on Sale of Assets	0.27	-0.86	0.45	-0.47	2.23
Other Unusual Items	-31.64	-5	-52.98	-71.3	-148.27
Pretax Income	890.43	-24.49	360.96	2,440	-228.19
Income Tax Expense	215.87	-118.19	63.63	441.26	-74.08
Earnings From Continuing Operations	674.57	93.7	297.33	1,999	-154.11
Minority Interest in Earnings	-40.15	-36.47	-98.93	-127.2	-32.79
Net Income	634.42	57.23	198.4	1,872	-186.9
Net Income to Common	634.42	57.23	198.4	1,872	-186.9
Net Income Growth	1008.62%	-71.16%	-89.40%	-	-
Shares Outstanding (Basic)	310	309	300	307	308
Shares Outstanding (Diluted)	312	313	312	329	308
Shares Change (YoY)	-0.34%	0.58%	-5.35%	6.84%	13.11%
EPS (Basic)	2.05	0.18	0.66	6.09	-0.61
EPS (Diluted)	2.03	0.18	0.64	5.69	-0.61
EPS Growth	1007.92%	-71.44%	-88.73%	-	-
Free Cash Flow	557.68	132.51	-137.14	2,107	944.18
Free Cash Flow Per Share	1.78	0.42	-0.44	6.40	3.06
Gross Margin	66.43%	63.89%	64.74%	76.57%	67.94%
Operating Margin	17.73%	0.14%	10.00%	29.43%	0.40%
Profit Margin	12.34%	1.33%	4.42%	21.47%	-2.87%
Free Cash Flow Margin	10.85%	3.08%	-3.06%	24.18%	14.50%
EBITDA	1,694	819.05	1,250	3,434	862.29
EBITDA Margin	32.97%	19.06%	27.87%	39.40%	13.24%
D&A For EBITDA	782.93	813.26	801.4	869.52	836.35
EBIT	911.39	5.79	448.41	2,565	25.93
EBIT Margin	17.73%	0.14%	10.00%	29.43%	0.40%
Effective Tax Rate	24.24%	-	17.63%	18.08%	-
Revenue as Reported	5,276	4,326	4,682	7,138	4,619

Source: S&P Global Market Intelligence. Standard template. Financial Sources.