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Antero Resources (AR) operating margin by quarter

Antero Resources' operating margin was 25.1% in Q3 2026 (third quarter 2026), +1.0 pts from Q2 2026. Over the last 7 quarters it ranged from 9.7% (Q3 2025) to 37.5% (Q1 2026).

Antero Resources operating margin by quarterAntero Resources operating margin by quarter20.1%Q1 202515.8%Q2 20259.7%Q3 202520.5%Q4 202537.5%Q1 202624.1%Q2 202625.1%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 202625.1%+1.0 pts+15.3 pts
Q2 202624.1%-13.4 pts+8.3 pts
Q1 202637.5%+17.0 pts+17.4 pts
Q4 202520.5%+10.8 pts—
Q3 20259.7%-6.1 pts—
Q2 202515.8%-4.3 pts—
Q1 202520.1%——

Q3 2026 at a glance

Antero Resources, Q3 2026: revenue $1.6B (+29% year over year), operating margin 25.1%, net earnings $367M, operating cash flow $575M. The chart follows the revenue to costs, profit and cash.

Questions

What is Antero Resources' operating margin?

Antero Resources' operating margin was 25.1% in Q3 2026 (third quarter 2026), +1.0 pts from Q2 2026.

How has Antero Resources' operating margin changed?

Over the last 7 quarters it ranged from 9.7% (Q3 2025) to 37.5% (Q1 2026).

Q3 2026 results → · How Antero Resources makes money →