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Antero Resources Corp (AR)

合理估值
EnergyOil & Gas E&PUnited States

基本面

87

价格

$33.71

市值

$10.56B

第一部分 · 这家公司值多少

概览

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Production; Marketing; and Equity Method Investment in Antero Midstream. As of December 31, 2025, the company had approximately 537,000 net acres in the Appalachian Basin; and approximately 168,000 net acres in the Upper Devonian Shale. Its gathering and compression systems also comprise 731 miles of gas gathering pipelines in the Appalachian Basin. The company was formerly known as Antero Resources Appalachian Corporation and changed its name to Antero Resources Corporation in June 2013. Antero Resources Corporation was incorporated in 2002 and is headquartered in Denver, Colorado.

No editorial profile for this company yet

Direct competitors

Who this company fights with for the same customers

Compare

Generated on 2026年9月18日 with claude-haiku-4-5 — shared with all users

P/E: 11.3Score: 68Market cap: $31.19B

EQT is the other large Appalachian pure-play producer, drilling the same Marcellus and Utica acreage in West Virginia, Pennsylvania and Ohio and selling its gas into the same regional pipelines and LNG-linked outlets that Antero supplies.

P/E: 6.3Score: 72Market cap: $21.20B

Born from the Chesapeake–Southwestern merger, Expand Energy is the largest US natural gas producer and holds the Appalachian acreage Southwestern brought in, so it competes with Antero for the same gas buyers, the same pipeline capacity and the same LNG feedgas contracts.

Range Resources CorporationRRC

Range Resources works the wet-gas window of the Marcellus in south-west Pennsylvania and is, like Antero, one of the few large producers of ethane and propane in Appalachia, so the two sell into the same NGL market.

CNX Resources CorporationCNX

CNX is an Appalachian-only gas producer operating Marcellus and Utica wells in the same states, competing with Antero for acreage, drilling services and firm transportation out of the basin.

Coterra Energy Inc.CTRA

Coterra's Marcellus operations in north-east Pennsylvania make it one of the largest dry-gas producers in the basin, selling into the same north-eastern and Gulf Coast gas markets as Antero.

Ascent Resources Utica Holdings, LLCNot tracked

Ascent Resources is the largest privately held Utica Shale operator in Ohio, drilling liquids-rich wells next to Antero's own Ohio acreage and competing for the same leases and midstream capacity.

资产负债表与流动性

营收

$6.13B

最近12个月(截至2026/6/30)

净利润

$1.12B

最近12个月(截至2026/6/30)

自由现金流

-

股东权益合计

$7.55B

负债合计

$5.53B

流动比率

0.40

利息覆盖率

-

债务/EBITDA

2.83

每股收益

营收与净利润

自由现金流

收入构成

历史财务表

利润率变化

债务变化

债务负担有多重

增长一览表

增长 — 营业收入

公允价值估算

周期性合理估值

公允价值

$42.62

当前价格

$33.71

安全边际

+20.9%

公允价值区间

$35.98 - $49.26

所用估值方法之间的离散区间,并非经过统计校准的置信区间。

估算方法

分析师目标价:$50.29
现金流折现法(DCF):不适用于此类公司
市盈率法(P/E):$28.14
格雷厄姆成长公式:不适用于此类公司
盈利能力价值(EPV):$46.95
合理市净率(P/B):不适用于此类公司
股息折现模型(戈登模型):不适用于此类公司
P/FFO(运营资金):不适用于此类公司
周期中段收益:$38.75
市销率法(P/S):不适用于此类公司
分析师共识:强力买入 (22B / 6H / 0S)
最近财报超预期:-10.03%

估值指标

市盈率(P/E)

9.57

ROE

8.9%

市净率(P/B)

1.23

P/FCF

-

毛利率

-

ROIC

8.8%

盈利能力雷达图

价值创造(经济护城河)

ROIC

8.8%

WACC

5.6%

ROIC − WACC

+3.3 pp

ROIC 超过资本成本:公司正在为股东创造价值。

基本面分析标准

通过(17)

  • EPS shows upward trend
  • ROIC 8.8%
  • P/B Ratio 1.23
  • Debt/Equity ratio
  • Operating Margin 24.7%
  • Debt/EBITDA
  • Return on Tangible Assets
  • Low reliance on intangibles
  • Price below Graham Number
  • DCF valuation (Undervalued)
  • ROE 13.9%
  • Revenue Growth 5Y 8.6%
  • Analyst Consensus 79% Buy
  • Earnings Quality (OCF/NI) 1.76
  • Share Dilution -36.2%
  • Net Margin Trend 18.3% vs 10.7%
  • Piotroski F-Score 8/9

未通过(4)

  • EPS CAGR 2.18%
  • Price CAGR 4.98%
  • Current Ratio
  • Earnings Surprise avg -18.1%

不可用(7)

  • Gross Margin NaN%
  • P/FCF NaN
  • Dividend Payout NaN%
  • Positive Free Cash Flow
  • CapEx intensity
  • Interest Coverage
  • PEG Ratio (need PE > 0 and growth > 0)

Piotroski F-评分

8/9

财务状况强健

score
criteria

盈利质量

1.76

高质量:盈利有现金流支撑

股权稀释

-36.2%

正在回购股份,对股东友好

机构持股

公司治理

管理团队

姓名职位年龄
Mr. Michael N. KennedyCEO, President & Director50
Mr. Paul M. RadyCo-Founder & Chairman Emeritus71
Mr. Brendan E. KruegerCFO, Senior VP of Finance & Treasurer40
Ms. Yvette K. Schultz J.D.Chief Compliance Officer, Senior VP of Legal, General Counsel & Corporate Secretary43
Mr. Jon S. McEversSenior Vice President of Operations-
Ms. Sheri L. PearceSenior VP of Accounting & Chief Accounting Officer58
Mr. Biren KumarChief Information Officer58
Mr. Daniel Philip KatzenbergDirector of Finance and Investor Relations-
Mr. Steven M. WoodwardSenior Vice President of Business Development66
Mr. W. Patrick AshSenior Vice President of Reserves, Planning & Midstream46

审计风险

7

董事会风险

3

薪酬风险

4

股东权利风险

7

第二部分 · 价格与买入时机

这一部分不判断公司是否值得拥有:它帮助你在基本面说服你之后,选择何时买入。包含:技术分析、潜力、历史回撤、Gamma 敞口。

文件

  • 年度报告(10-K)

    对公司业务、财务业绩和风险的年度概述。

    提交日期:2026-02-11

    查看文件
  • 季度报告(10-Q)

    最近三个月财务表现的最新情况。

    提交日期:2026-07-29

    查看文件
  • 临时报告(8-K)

    关于重大事件(如管理层变动或重要公告)的通知。

    提交日期:2026-07-29

    查看文件

via SEC EDGAR

损益历史

via SEC EDGAR

Latest News

Recent headlines for AR, sourced from Markets Gazette.

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