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Antero Resources vs Matador Resources: AR and MTDR compared
Antero Resources is the larger company: $1.6B of revenue in its latest quarter (Q3 2026) against $1.2B for Matador Resources (Q3 2026). Antero Resources is growing faster (+29% against +24% a year earlier). Matador Resources is more profitable, with an operating margin of 30.4% against 25.1%.
Where the money goes: AR and MTDR
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.
Matador Resources (MTDR) · Q3 2026
Matador Resources, Q3 2026: revenue $1.2B (+24% year over year), operating margin 30.4%, net earnings $172M, operating cash flow $594M. The chart follows the revenue to costs, profit and cash.
| Antero Resources (AR) | Matador Resources (MTDR) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.6B | $1.2B |
| Revenue growth, Y/Y | +29% | +24% |
| Operating margin | 25.1% | 30.4% |
| Net earnings | $367M | $172M |
| Net margin | 23.5% | 14.8% |
| Operating cash flow | $575M | $594M |
| Free cash flow | $261M | $162M |
| Market value | $11.2B | $6.2B |
| P/E | 8.1× | 7.7× |
| Analysts’ mean target | $50.82 | $70.95 |
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%)
Questions
Which is bigger, Antero Resources or Matador Resources?
Antero Resources is the larger company: $1.6B of revenue in its latest quarter (Q3 2026) against $1.2B for Matador Resources (Q3 2026).
Is Antero Resources or Matador Resources growing faster?
Antero Resources is growing faster (+29% against +24% a year earlier).
Which is more profitable, Antero Resources or Matador Resources?
Matador Resources is more profitable, with an operating margin of 30.4% against 25.1%.
More: Antero Resources earnings · how Antero Resources makes money · Matador Resources earnings · how Matador Resources makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.