Filing Flows › Antero Resources (AR) › Q2 2026
Antero Resources (AR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
Antero Resources (AR) reported revenue of $1.6B for the second quarter 2026 (Q2 2026), +20% from a year earlier and -20% from the quarter before. Operating margin was 24.1%, net earnings $279M (17.9% of revenue).
Antero Resources, Q2 2026: revenue $1.6B (+20% year over year), operating margin 24.1%, net earnings $279M, operating cash flow $439M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | -20% | +20% |
| Operating profit | $375M | -49% | +83% |
| Net earnings | $279M | -48% | +78% |
| Operating cash flow | $439M | -49% | -11% |
| Free cash flow | $92.7M | — | -65% |
What changed
Revenue was $1.6B in Q2 2026, up 20% year over year and down 20% from the previous quarter. Natural gas sales was the largest line at 44% of revenue. Commodity derivative fair value gains added $0.11B year over year (up 201%), 41% of the total change. Amortization of deferred revenue, VPP declined 7%.
Operating profit was $0.38B, a 24.1% margin (up 8.3 points year over year). Of the extra revenue versus Q2 2025, 65% reached operating profit, above the 16% margin then. Total costs grew 8% against revenue growth of 20%. Net earnings were $0.28B, up 78% year over year. The effective tax rate was 21.6%.
Operating cash flow was $0.44B (down 11% year over year), 153% of net income including minority interests. Non-cash charges added back $0.23B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.09B. After capital expenditures, net ($0.34B) and distributions to non-controlling interests in Martica ($0.01B), adjusted free cash flow as the company reports it was $0.09B.
Questions
What was Antero Resources' revenue in the second quarter 2026?
Antero Resources (AR) reported revenue of $1.6B for the second quarter 2026 (Q2 2026), +20% from a year earlier and -20% from the quarter before.
Was Antero Resources profitable in the second quarter 2026?
Operating profit was $375M (24.1% of revenue) and net earnings $279M.
Source: Antero Resources 10-Q on SEC EDGAR.