Antero Resources Corporation

Antero Resources Corporation

ARยทNYSE

$36.53

+0.74%
EnergyOil & Gas Exploration & Production

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2021, it had approximately 502,000 net acres in the Appalachian Basin; and 174,000 net acres in the Upper Devonian Shale. The company also owned and operated 494 miles of gas gathering pipelines in the Appalachian Basin; and 21 compressor stations. It had estimated proved reserves of 17.7 trillion cubic feet of natural gas equivalent, including 10.2 trillion cubic feet of natural gas; 718 million barrels of assumed recovered ethane; 501 million barrels of primarily propane, isobutane, normal butane, and natural gasoline; and 36 million barrels of oil. The company was formerly known as Antero Resources Appalachian Corporation and changed its name to Antero Resources Corporation in June 2013. Antero Resources Corporation was founded in 2002 and is headquartered in Denver, Colorado.

At a Glance

Live Snapshot
Market Cap$11.32B
EPS2.0500
P/E Ratio17.82
Earnings Date07/29/2026
Antero Resources Corporation

Antero Resources Corporation Fair Value Envelope

AR ยท NYSE

Our analysis suggests that AR has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $36.53, this represents a potential HIDDEN relative to our calculated worth for Antero Resources Corporation.

Intrinsic Value
Current Price: $36.53

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$2,311.5B
+ Cash & Equivalents$210.0M
Firm Value$2,311.8B
- Debt$5.1B
Equity Value$2,306.6B
/ Shares Outstanding308,494,000B
DCF Value$7.5K
UNDERVALUED BY 20368%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$2.7B
$4.5B
$7.5B
$12.5B
$20.8B
$34.5B
$57.5B
$95.6B
$159.0B
$264.4B
Maintenance CapEx
-$129.0M
-$214.6M
-$356.9M
-$593.7M
-$987.6M
-$1.6B
-$2.7B
-$4.5B
-$7.6B
-$12.6B
Owner Earnings
$2.6B
$4.3B
$7.1B
$11.9B
$19.8B
$32.9B
$54.7B
$91.0B
$151.4B
$251.9B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$2.4B
$3.7B
$5.7B
$8.7B
$13.5B
$20.7B
$31.9B
$49.2B
$75.7B
$116.7B
Terminal Value represents 85.8% of Enterprise Value