XML 40 R27.htm IDEA: XBRL DOCUMENT
v3.26.1

Transactions (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2026
Transactions |
Summary of preliminary purchase price allocation | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As Originally | ​ | ​ | ​ | ​ | ​
(in thousands) | ​ | Reported | ​ | Adjustments | ​ | As Adjusted | ​
Cash consideration | ​ | $ | 2,804,466 | ​ | ​ | (1,203) | ​ | ​ | 2,803,263 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Fair value of assets acquired: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash | ​ | ​ | 69 | ​ | ​ | — | ​ | ​ | 69 | ​
Accounts receivable | ​ | ​ | 2,635 | ​ | ​ | — | ​ | ​ | 2,635 | ​
Accrued revenue | ​ | ​ | 114,755 | ​ | ​ | — | ​ | ​ | 114,755 | ​
Unproved properties | ​ | ​ | 318,535 | ​ | ​ | (116) | ​ | ​ | 318,419 | ​
Proved properties | ​ | ​ | 2,648,067 | ​ | ​ | (1,368) | ​ | ​ | 2,646,699 | ​
Other property and equipment | ​ | ​ | 1,114 | ​ | ​ | — | ​ | ​ | 1,114 | ​
Operating lease right-of-use asset | ​ | ​ | 96,002 | ​ | ​ | — | ​ | ​ | 96,002 | ​
Derivative instruments | ​ | ​ | 10,082 | ​ | ​ | — | ​ | ​ | 10,082 | ​
Total assets acquired | ​ | $ | 3,191,259 | ​ | ​ | (1,484) | ​ | ​ | 3,189,775 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Fair value of liabilities assumed: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accounts payable | ​ | $ | 389 | ​ | ​ | — | ​ | ​ | 389 | ​
Accounts payable, related parties | ​ | ​ | 16,671 | ​ | ​ | — | ​ | ​ | 16,671 | ​
Accrued liabilities | ​ | ​ | 60,165 | ​ | ​ | 343 | ​ | ​ | 60,508 | ​
Revenue distributions payable | ​ | ​ | 27,961 | ​ | ​ | (624) | ​ | ​ | 27,337 | ​
Operating lease liability | ​ | ​ | 96,002 | ​ | ​ | — | ​ | ​ | 96,002 | ​
Derivative instruments | ​ | ​ | 90,001 | ​ | ​ | — | ​ | ​ | 90,001 | ​
Deferred income tax liability (1) | ​ | ​ | 90,807 | ​ | ​ | — | ​ | ​ | 90,807 | ​
Other liabilities | ​ | ​ | 4,797 | ​ | ​ | — | ​ | ​ | 4,797 | ​
Total liabilities assumed | ​ | $ | 386,793 | ​ | ​ | (281) | ​ | ​ | 386,512 | ​
(1) | The deferred income tax liability recorded for the HG Acquisition relates to Antero Resources’ treatment of certain assets held by HG Production and its subsidiaries as like-kind replacement property in connection with a reverse like-kind exchange transaction conducted pursuant to Section 1031 of the United States Internal Revenue Code of 1986, as amended, the treasury regulations promulgated thereunder, and IRS Revenue Procedure 2000-37, 2000-2 C.B. 308 (as modified by IRS Revenue Procedure 2004-51, 2004-2 C.B. 294).
Summary of amounts contributed by the assets acquired in the HG Acquisition | The following table summarizes amounts contributed by the assets acquired in the HG Acquisition to the Company’s unaudited condensed consolidated results of operations and comprehensive income upon transaction closing on the Closing Date (in thousands): ​
​ | ​ | ​ | ​ | ​
​ | ​ | February 3, 2026 | ​
​ | ​ | through June 30, 2026 | ​
Natural gas sales | ​ | $ | 321,202 | ​
Natural gas liquids sales | ​ | ​ | 53,597 | ​
Oil sales | ​ | ​ | 12,395 | ​
Commodity derivative fair value gains | ​ | ​ | 128,514 | ​
Total revenue | ​ | ​ | 515,708 | ​
​ | ​ | ​ | ​ | ​
Net income and comprehensive income including noncontrolling interests (1) | ​ | ​ | 221,531 | ​
Less: net income and comprehensive income attributable to noncontrolling interests | ​ | ​ | — | ​
Net income and comprehensive income attributable to Antero Resources Corporation (1) | ​ | $ | 221,531 | ​
(1) | Amounts include transaction expense of $24 million related to the HG Acquisition recognized during the six months ended June 30, 2026.
Summary of Company's results as though the HG Acquisition | The table below summarizes the Company's results as though the HG Acquisition had been completed on January 1, 2025 (in thousands, except per share data). ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, | ​ | Six Months Ended June 30, | ​
(in thousands) | ​ | 2025 | ​ | 2026 | ​ | 2025 | ​ | 2026 | ​
Pro forma revenue and other: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Natural gas sales | ​ | $ | 869,408 | ​ | ​ | 688,478 | ​ | ​ | 1,857,265 | ​ | ​ | 2,104,631 | ​
Natural gas liquids sales | ​ | ​ | 490,768 | ​ | ​ | 587,714 | ​ | ​ | 1,068,291 | ​ | ​ | 1,100,266 | ​
Oil sales | ​ | ​ | 34,058 | ​ | ​ | 59,579 | ​ | ​ | 85,123 | ​ | ​ | 107,449 | ​
Commodity derivative fair value gains (losses) | ​ | ​ | 204,529 | ​ | ​ | 160,633 | ​ | ​ | (70,968) | ​ | ​ | 51,892 | ​
Marketing | ​ | ​ | 33,743 | ​ | ​ | 56,066 | ​ | ​ | 59,301 | ​ | ​ | 97,727 | ​
Amortization of deferred revenue, VPP | ​ | ​ | 6,298 | ​ | ​ | 5,860 | ​ | ​ | 12,528 | ​ | ​ | 11,655 | ​
Other revenue and income | ​ | ​ | 2,263 | ​ | ​ | 1,512 | ​ | ​ | 4,570 | ​ | ​ | 2,803 | ​
Pro forma total revenue | ​ | ​ | 1,641,067 | ​ | ​ | 1,559,842 | ​ | ​ | 3,016,110 | ​ | ​ | 3,476,423 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pro forma net income and comprehensive income including noncontrolling interests | ​ | ​ | 322,868 | ​ | ​ | 286,417 | ​ | ​ | 434,085 | ​ | ​ | 786,092 | ​
Less: pro forma net income and comprehensive income attributable to noncontrolling interests | ​ | ​ | 9,988 | ​ | ​ | 7,760 | ​ | ​ | 21,483 | ​ | ​ | 20,757 | ​
Pro forma net income and comprehensive income attributable to Antero Resources Corporation | ​ | $ | 312,880 | ​ | ​ | 278,657 | ​ | ​ | 412,602 | ​ | ​ | 765,335 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pro forma net income per common share—basic | ​ | $ | 1.01 | ​ | ​ | 0.90 | ​ | ​ | 1.33 | ​ | ​ | 2.47 | ​
Pro forma net income per common share—diluted | ​ | $ | 1.00 | ​ | ​ | 0.90 | ​ | ​ | 1.31 | ​ | ​ | 2.46 | ​
Summary of carrying value of the Utica Shale Properties assets and liabilities held for sale | The following table sets forth the carrying value of the Utica Shale Properties’ assets and liabilities held for sale as of December 31, 2025 (in thousands): ​
​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2025 | ​
Current assets: | ​ | ​ | ​ | ​
Accounts receivable | ​ | $ | 782 | ​
Accrued revenue | ​ | ​ | 19,399 | ​
Other current assets | ​ | ​ | 88 | ​
Long-term assets: | ​ | ​ | ​ | ​
Unproved properties | ​ | ​ | 27,720 | ​
Proved properties | ​ | ​ | 1,045,145 | ​
Gathering systems and facilities | ​ | ​ | 5,802 | ​
Other property and equipment | ​ | ​ | 581 | ​
Less accumulated depletion, depreciation and amortization | ​ | ​ | (369,995) | ​
Property and equipment, net | ​ | ​ | 709,253 | ​
Operating leases right-of-use assets (1) | ​ | ​ | 44,825 | ​
Other assets | ​ | ​ | 659 | ​
Total assets | ​ | $ | 775,006 | ​
​ | ​ | ​ | ​ | ​
Current liabilities: | ​ | ​ | ​ | ​
Accounts payable | ​ | $ | 2,118 | ​
Accounts payable, related parties | ​ | ​ | 4,600 | ​
Accrued liabilities | ​ | ​ | 17,650 | ​
Revenue distributions payable | ​ | ​ | 17,130 | ​
Short-term lease liabilities | ​ | ​ | 20,812 | ​
Long-term liabilities: | ​ | ​ | ​ | ​
Long-term lease liabilities | ​ | ​ | 24,210 | ​
Other liabilities | ​ | ​ | 15,579 | ​
Total liabilities | ​ | $ | 102,099 | ​
(1) | Substantially all of these operating leases right-of-use-assets relate to a gas gathering line and compressor stations with Antero Midstream. See Note 12— Leases to the unaudited condensed consolidated financial statements for additional information.

X
- References No definition available. + Details
Name: | ar_AcquisitionsAndDispositionsDisclosuresAbstract
Namespace Prefix: | ar_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information relating to proforma information of revenue and earnings of acquiree included in acquirer's financials since acquisition date actuals + References No definition available. + Details
Name: | ar_BusinessCombinationProformaInformationSinceAcquisitionActualsTableTextBlock
Namespace Prefix: | ar_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pro forma revenue and earnings for business combination or aggregate of series of individually immaterial business combinations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-8 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 49 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479303/805-10-55-49 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-3 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 3 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Subparagraph (b)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3A Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483475/205-20-45-11 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-3A Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-4A Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-4B Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5A Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5B Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5C -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5C Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5D -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5D Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-7 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3A Reference 14: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 20 -Topic 205 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-1 Reference 15: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-3 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of asset acquired and liability assumed in business combination and recognized at acquisition date. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration