Antero Resources Corporation

ARNYSEEnergy● Active

$35.85

+$0.29(+0.82%)

Market Cap$11.1B

P/E Ratio—

52W High$45.75

52W Low$29.1

Avg Volume5.5M

Open$35.54

Beta0.32

Overview

Antero Resources Corporation (AR) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

AR · free cash flow · updated Jun 8, 2026

Core FCF metrics

AR · FCF · TTM · margin & CAGR

Free cash flow was $1.24B for FY2025 (fiscal year ending 2025-12-31), up 66.3% year-over-year The FCF margin was 24.8%. Five-year CAGR stands at +12.6%.

FY2025 Free Cash Flow$1.24B▲ +66.3% YoY

Trailing 12M (TTM)$1.77Btrailing 4 quarters sum

FCF Margin24.8%$1.24B ÷ revenue

3-Year CAGR-24.5%FY2022 → FY2025

5-Year CAGR+12.6%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

AR · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$1.63B(388M)$1.24B▲ +66.3%24.8%

FY2024$849.3M(102M)$747.4M▼ 9.7%18.1%

FY2023$994.7M(168M)$827.2M▼ 71.4%19.3%

FY2022$3.05B(163M)$2.89B▲ +86.9%34.8%

FY2021$1.66B(115M)$1.55B▲ +124.8%26.7%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

AR · P/FCF · FCF yield · FCF per share

Antero Resources Corporation (AR) trades at a FCF yield of 16.09% and a price-to-free-cash-flow ratio of 6.3x. FCF per share stands at $5.72, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

16.09%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$5.72

TTM FCF ÷ Shares Outstanding

Price / FCF

x6.3

Share Price ÷ FCF per Share

EV / FCF (TTM)

x8.9

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

AR · cash flow statement · operating / investing / financing

For FY2025, Antero Resources Corporation generated $1.63B in operating cash flow and spent 388M in capital expenditures, yielding $1.24B in free cash flow.

Operating Activities

+$1.63B

Cash from core business operations

2025-12-31

Investing Activities

−$1.08B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$343.1M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($1.63B) − |CapEx| (388M) = FCF ($1.24B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Energy)

AR vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Antero Resources CorporationYOU

$1.24B+66.3%24.8%

Exxon Mobil Corporation

Energy · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Antero Resources Corporation (AR) reported free cash flow of $1.24B for FY2025 (fiscal year ending 2025-12-31), up 66.3% year-over-year. The FCF margin was 24.8%.

Based on available data, Antero Resources Corporation has maintained positive free cash flow for at least 11 fiscal year(s). FCF peaked at $2.89B in FY2022. The 5-year CAGR stands at +12.6%.

Antero Resources Corporation's FCF yield is 16.09% and price-to-FCF ratio is 6.3x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

AR free cash flow · 8 questions

Antero Resources Corporation free cash flow was $1.24B for FY2025, up 66.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.77B.

AR free cash flowAR FCFAR FCF 2025AR free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Antero Resources Corporation · Antero Resources Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026