🚀 VC round data is live in beta, check it out!
Antero Resources Valuation Multiples
Discover revenue and EBITDA valuation multiples for Antero Resources and similar public comparables like APA, Centrica, Idemitsu Kosan, Sunoco and more.
Antero Resources Overview
About Antero Resources
Antero Resources, based in Denver, explores for and produces natural gas and natural gas liquids in the United States and Canada. At the end of 2025, the company reported proven reserves of 19.1 trillion cubic feet of natural gas equivalent. Production averaged approximately 3,442 million cubic feet of equivalent per day in 2025 at a ratio of 35% liquids and 65% natural gas.
Founded
2008
HQ
Employees
632
Website
Sectors
Financials (LTM)
EV
$15B
Antero Resources Financials
Antero Resources reported last 12-month revenue of $5B and EBITDA of $2B.
In the same LTM period, Antero Resources generated $2B in EBITDA and $730M in net income.
Revenue (LTM)
Antero Resources P&L
In the most recent fiscal year, Antero Resources reported revenue of $5B and EBITDA of $2B.
Antero Resources expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $5B | XXX | $5B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 21% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 33% | XXX | 33% | XXX | XXX | XXX |
| EBIT Margin | 19% | XXX | 17% | XXX | XXX | XXX |
| Net Profit | $730M | XXX | $634M | XXX | XXX | XXX |
| Net Margin | 13% | XXX | 12% | XXX | XXX | XXX |
| Net Debt | — | — | $1B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Antero Resources Stock Performance
Antero Resources has current market cap of $11B, and enterprise value of $15B.
Market Cap Evolution
Antero Resources' stock price is $37.08.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $15B | $11B | 0.0% | XXX | XXX | XXX | $2.06 |
Benchmark Trading Valuation Multiples by Industry
Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialAntero Resources Valuation Multiples
Antero Resources trades at 2.7x EV/Revenue multiple, and 8.2x EV/EBITDA.
EV / Revenue (LTM)
Antero Resources Financial Valuation Multiples
As of March 14, 2026, Antero Resources has market cap of $11B and EV of $15B.
Equity research analysts estimate Antero Resources' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Antero Resources has a P/E ratio of 15.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $11B | XXX | $11B | XXX | XXX | XXX |
| EV (current) | $15B | XXX | $15B | XXX | XXX | XXX |
| EV/Revenue | 2.7x | XXX | 2.8x | XXX | XXX | XXX |
| EV/EBITDA | 8.2x | XXX | 8.7x | XXX | XXX | XXX |
| EV/EBIT | 14.7x | XXX | 16.6x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 13.5x | XXX | XXX | XXX |
| P/E | 15.7x | XXX | 18.0x | XXX | XXX | XXX |
| EV/FCF | 17.9x | XXX | 12.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Antero Resources Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Antero Resources Margins & Growth Rates
Antero Resources' revenue in the last 12 month grew by 16%.
Antero Resources' revenue per employee in the last FY averaged $8.7M.
Antero Resources' rule of 40 is 49% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Antero Resources' rule of X is 73% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Antero Resources Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 16% | XXX | 19% | XXX | XXX | XXX |
| EBITDA Margin | 33% | XXX | 33% | XXX | XXX | XXX |
| EBITDA Growth | 39% | XXX | 44% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 49% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 73% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $8.7M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 2% | XXX | 4% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 4% | XXX | 4% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 5% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Antero Resources Public Comps
See public comps and valuation multiples for other Oil & Gas and Energy Production comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| APA | XXX | XXX | XXX | XXX | XXX | XXX |
| Centrica | XXX | XXX | XXX | XXX | XXX | XXX |
| Idemitsu Kosan | XXX | XXX | XXX | XXX | XXX | XXX |
| Sunoco | XXX | XXX | XXX | XXX | XXX | XXX |
| GD Power Development | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Antero Resources M&A Activity
Antero Resources acquired XXX companies to date.
Last acquisition by Antero Resources was on XXXXXXXX, XXXXX. Antero Resources acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Antero Resources
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialAntero Resources Investment Activity
Antero Resources invested in XXX companies to date.
Antero Resources made its latest investment on XXXXXXXX, XXXXX. Antero Resources invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Antero Resources
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAbout Antero Resources
| When was Antero Resources founded? | Antero Resources was founded in 2008. |
| Where is Antero Resources headquartered? | Antero Resources is headquartered in United States. |
| How many employees does Antero Resources have? | As of today, Antero Resources has over 632 employees. |
| Who is the CEO of Antero Resources? | Antero Resources' CEO is Michael N. Kennedy. |
| Is Antero Resources publicly listed? | Yes, Antero Resources is a public company listed on NYSE. |
| What is the stock symbol of Antero Resources? | Antero Resources trades under AR ticker. |
| When did Antero Resources go public? | Antero Resources went public in 2013. |
| Who are competitors of Antero Resources? | Antero Resources main competitors are APA, Centrica, Idemitsu Kosan, Sunoco. |
| What is the current market cap of Antero Resources? | Antero Resources' current market cap is $11B. |
| What is the current revenue of Antero Resources? | Antero Resources' last 12 months revenue is $5B. |
| What is the current revenue growth of Antero Resources? | Antero Resources revenue growth (NTM/LTM) is 16%. |
| What is the current EV/Revenue multiple of Antero Resources? | Current revenue multiple of Antero Resources is 2.7x. |
| Is Antero Resources profitable? | Yes, Antero Resources is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Antero Resources? | Antero Resources' last 12 months EBITDA is $2B. |
| What is Antero Resources' EBITDA margin? | Antero Resources' last 12 months EBITDA margin is 33%. |
| What is the current EV/EBITDA multiple of Antero Resources? | Current EBITDA multiple of Antero Resources is 8.2x. |
| What is the current FCF of Antero Resources? | Antero Resources' last 12 months FCF is $837M. |
| What is Antero Resources' FCF margin? | Antero Resources' last 12 months FCF margin is 15%. |
| What is the current EV/FCF multiple of Antero Resources? | Current FCF multiple of Antero Resources is 17.9x. |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.