ANTERO RESOURCES CORPORATION
In the published model solve dated 2026-Q2, anchored at $39.41, ANTERO RESOURCES CORPORATION (AR) is priced for +1.5% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Nearly two fifths of revenue arrives as liquids rather than gas, with C3+ natural gas liquids at 32% and ethane at 7% against 56% from natural gas sales, which makes the commodity exposure here materially different from a dry-gas Appalachian producer. • The cost side does not flex with the revenue side, because the 10-K discloses ⟦firm transportation contracts that require us to either ship products on said pipelines or pay demand charges for shortfalls⟧, so a weak commodity year is expensive
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619 institutional managers reported holding AR in 13F filings for the quarter ended 2026-03-31. Together they hold about 87% of the company; the top 10 hold 43%. 127 opened new positions that quarter. Held by Vanguard Group, BlackRock, FMR (Fidelity), among others. On the short side, 12.4M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (2.7 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
AR's share count is about flat over the past five years ($1.09B of repurchases, offset by issuance). It pays no dividend. Cash returned over the past three years: $136.40M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at AR over the trailing three years: 2025: 1 buy totaling $167k. 13 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
AR's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-27 | +3.8% | +0.2% |
| 2023-10-26 | +5.1% | -22.2% |
| 2024-02-15 | +12.0% | +22.7% |
| 2024-04-25 | +7.6% | -2.3% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
AR's latest 8-K filings: 2026-07-29 (items 2.02, 9.01); 2026-06-23 (items 7.01); 2026-06-17 (items 1.01, 2.03, 9.01); 2026-06-04 (items 5.07, 9.01); 2026-05-12 (items 7.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.