Filing Flows › Antero Resources (AR) › Q3 2026
Antero Resources (AR) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 28, 2026
Antero Resources (AR) reported revenue of $1.6B for the third quarter 2026 (Q3 2026), +29% from a year earlier and +0.2% from the quarter before. Operating margin was 25.1%, net earnings $367M (23.5% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +0.2% | +29% |
| Operating profit | $392M | +4% | +232% |
| Net earnings | $367M | +28% | +329% |
| Operating cash flow | $575M | +31% | +85% |
| Free cash flow | $261M | +99% | +108% |
What changed
Revenue was $1.6B in Q3 2026, up 29% year over year and roughly flat from the previous quarter. Natural gas sales was the largest line at 45% of revenue. Commodity derivative fair value gains added $0.15B year over year (up 381%), 43% of the total change. Amortization of deferred revenue, VPP declined 7%.
Operating profit was $0.39B, a 25.1% margin (up 15.3 points year over year). Of the extra revenue versus Q3 2025, 78% reached operating profit, above the 10% margin then. Total costs grew 7% against revenue growth of 29%. Net earnings were $0.37B, up 382% year over year. The effective tax rate was 20.8%.
Operating cash flow was $0.58B (up 85% year over year), 157% of net earnings. Non-cash charges added back $0.24B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.05B. Capital expenditures of $0.31B left free cash flow of $0.26B.
Questions
What was Antero Resources' revenue in the third quarter 2026?
Antero Resources (AR) reported revenue of $1.6B for the third quarter 2026 (Q3 2026), +29% from a year earlier and +0.2% from the quarter before.
Was Antero Resources profitable in the third quarter 2026?
Operating profit was $392M (25.1% of revenue) and net earnings $367M.
Source: Antero Resources 10-Q on SEC EDGAR.