Currently, ANTERO RESOURCES has a gross margin of 47.9%, an operating margin of 27.6%, an EBITDA margin of 42.7%, and a net margin of 21.2%. Operating margin had the largest improvement, expanding by 15.7 percentage points, while the other available margins also increased.
AR margin history
ANTERO RESOURCES's margins averaged 37.53% gross, 10.96% operating, 27.62% EBITDA, and 8.03% net during the last 3 years. Currently all four current margins are above their three-year averages.
AR margin expansion
Year over year, gross, operating, EBITDA, and net margins all increased, with operating margin showing the largest gain at 15.7 percentage points.
AR Gross margin
Looking at the last 3 years, ANTERO RESOURCES had an average gross margin of 37.53%. The current gross margin of 47.9% is 10.4 percentage points above its three-year average. Looking back over the last 3 years, ANTERO RESOURCES's gross margin reached 47.9% at its highest point in Sep 2026 and 30% at its lowest in Dec 2024.
AR Operating margin
ANTERO RESOURCES recorded an average operating margin of 10.96% across the last 3 years. The current operating margin stands at 27.6%, 16.6 percentage points above its three-year average. Operating margin was highest at 27.6% in Sep 2026 and lowest at 0% in Dec 2024.
AR EBITDA margin
Over the last 3 years, ANTERO RESOURCES's EBITDA margin averaged 27.62%. Currently, ANTERO RESOURCES's current EBITDA margin is 42.7%, which is 15.1 percentage points above its three-year average. During this period, EBITDA margin reached a high of 42.7% in Sep 2026 and a low of 19% in Dec 2024.
AR Net margin
Looking back over the last 3 years, ANTERO RESOURCES recorded an average net margin of 8.03%. ANTERO RESOURCES's current net margin is 21.2% and is 13.2 percentage points above its three-year average. The highest net margin for ANTERO RESOURCES was 21.2% in Sep 2026, while the lowest was -1% in Sep 2024.
AR margin group comparison
ANTERO RESOURCES's gross margin of 47.9% is above the Energy sector average but below the industry average. Compared to its Energy sector average of 42.7%, ANTERO RESOURCES's gross margin is 12% higher.
AR margin peer comparison
Frequently asked questions
What is ANTERO RESOURCES's gross margin?
The current gross margin for AR is 47.9% as of Sep 30, 2026.
What is ANTERO RESOURCES's operating margin?
The current operating margin for AR is 27.6% as of Sep 30, 2026.
What is ANTERO RESOURCES's EBITDA margin?
For the period ending Sep 30, 2026, AR recorded an EBITDA margin of 42.7%.
What is ANTERO RESOURCES's net margin?
The current net margin for AR is 21.2% as of Sep 30, 2026.
What are the average margins of AR?
Looking back over 3 years, AR recorded average margins of 37.5% gross, 11.0% operating, 27.6% EBITDA, and 8.0% net.
What are the highest historical margins of AR?
In the last 5 years, the highest margins reported by AR were 60.6% gross in Mar 2023, 39.6% operating in Mar 2023, 46.8% EBITDA in Mar 2023, and 28.9% net in Mar 2023.
What are the lowest historical margins of AR?
Looking back across 5 years, AR reached its lowest margins at 30% gross in Dec 2024, -6.6% operating in Mar 2022, 10.6% EBITDA in Mar 2022, and -7.8% net in Mar 2022.