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Antero Resources vs Crescent Energy: AR and CRGY compared
Antero Resources is the larger company: $1.6B of revenue in its latest quarter (Q3 2026) against $1.4B for Crescent Energy (Q3 2026). Crescent Energy is growing faster (+56% against +29% a year earlier). Crescent Energy is more profitable, with an operating margin of 35.4% against 25.1%.
Where the money goes: AR and CRGY
Antero Resources (AR) · Q3 2026
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.
Crescent Energy (CRGY) · Q3 2026
Crescent Energy, Q3 2026: revenue $1.4B (+56% year over year), operating margin 35.4%, net loss $591K, operating cash flow $608M. The chart follows the revenue to costs, profit and cash.
| Antero Resources (AR) | Crescent Energy (CRGY) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.6B | $1.4B |
| Revenue growth, Y/Y | +29% | +56% |
| Operating margin | 25.1% | 35.4% |
| Net earnings | $367M | −$591K |
| Net margin | 23.5% | 0.0% |
| Operating cash flow | $575M | $608M |
| Free cash flow | $261M | $240M |
| Market value | $11.2B | $4.8B |
| P/E | 8.1× | 76.6× |
| Analysts’ mean target | $50.82 | $18.69 |
Where the revenue comes from
Antero Resources
- Natural gas sales: $703M (45%)
- Natural gas liquids sales: $580M (37%)
- Commodity derivative fair value gains: $189M (12%)
- Oil sales: $44.7M (3%)
Crescent Energy
- Oil: $1.0B (77%)
- Natural gas: $155M (11%)
- Natural gas liquids: $140M (10%)
- Midstream and other: $13.8M (1%)
Questions
Which is bigger, Antero Resources or Crescent Energy?
Antero Resources is the larger company: $1.6B of revenue in its latest quarter (Q3 2026) against $1.4B for Crescent Energy (Q3 2026).
Is Antero Resources or Crescent Energy growing faster?
Crescent Energy is growing faster (+56% against +29% a year earlier).
Which is more profitable, Antero Resources or Crescent Energy?
Crescent Energy is more profitable, with an operating margin of 35.4% against 25.1%.
More: Antero Resources earnings · how Antero Resources makes money · Crescent Energy earnings · how Crescent Energy makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Nov 2, 2026). Fiscal quarters can end on different dates. Not investment advice.