Antero Resources Corporation (AR) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 859.06M | 370.74M | 310.09M | 492.36M | 457.74M | 278M | 166.18M | 143.5M | 261.61M | 312.18M | 183.38M | 155.26M | 343.9M | 475.29M | 1.09B | 922.71M | 565.67M | 475.16M | 312.68M | 308.54M |
| Operating CF Margin % | 46.12% | 28.89% | 27.36% | 40.89% | 32.87% | 24.19% | 16.9% | 15.46% | 24.74% | 28.19% | 17.27% | 17.37% | 28.28% | 26.39% | 44.84% | 39.23% | 32.89% | 24.97% | 20.31% | 27% |
| Operating CF Growth % | 87.67% | 33.36% | 86.6% | 243.11% | 74.97% | -10.95% | -9.38% | -7.58% | -23.93% | -34.32% | -83.14% | -83.17% | -39.2% | 0.03% | 247.85% | 199.06% | 0.34% | 95.44% | 77.79% | 166.07% |
| Net Income | 548.21M | 202.92M | 85.61M | 166.57M | 219.47M | 116.15M | 17.47M | -74.6M | 34.67M | 115.93M | 32.64M | -67.93M | 261.2M | 794.13M | 594.51M | 812.03M | -174.7M | 958.02M | -566.58M | -534.45M |
| Depreciation & Amortization | 207.3M | 188.02M | 189.72M | 188.53M | 187.29M | 249.49M | 135.68M | 189.41M | 191.25M | 174.99M | 177.15M | 172.61M | 168.46M | 173.84M | 170.24M | 174.2M | 170.83M | 178.72M | 180.69M | 188.66M |
| Stock-Based Compensation | 11.73M | 14.31M | 15.5M | 15.86M | 15.14M | 17.17M | 16.07M | 17.15M | 16.08M | 14.53M | 18.46M | 13.51M | 13.02M | 12.22M | 10.4M | 8.17M | 4.65M | 5.25M | 5.3M | 4.25M |
| Deferred Taxes | 143.82M | 68.21M | 43.28M | 49.01M | 53.46M | -116.34M | 8.91M | -17.36M | 6.16M | 28.49M | 13.63M | -29.86M | 62.15M | 140.52M | 135.62M | 229.09M | -57.38M | 263.27M | -158.66M | -175.97M |
| Other Non-Cash Items | -231.87M | -64.88M | -33.01M | -44.09M | 64.12M | 51.48M | -1.33M | 17.5M | -907K | -31.03M | 18.32M | 15.79M | -320.61M | -547.86M | -37.09M | -257.56M | 758.3M | -991.23M | 880.24M | 804.68M |
| Working Capital Changes | 179.86M | -37.83M | 8.98M | 116.47M | -81.75M | -39.94M | -10.62M | 11.39M | 14.36M | 9.26M | -76.81M | 51.14M | 159.68M | -97.56M | 214M | -43.22M | -136.03M | 61.13M | -28.32M | 21.37M |
| Change in Receivables | 50.45M | -133.38M | 5.52M | 154.22M | -65.74M | -125.49M | 40.67M | -19.66M | 77.08M | -18.42M | -49.99M | 49.22M | 333.63M | 204.94M | 29.32M | -270.79M | -36.2M | 16.85M | -162.43M | -47.71M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 60.72M | 334K | 12.46M | -27.13M | 11.99M | 31.02M | -2.34M | 3.37M | 3.24M | -29.07M | -465K | -21.9M | 34.6M | -26.85M | 8.84M | 12.71M | 37.66M | -40.29M | 32.43M | -9.85M |
| Cash from Investing | -2.28B | -223.62M | -448.81M | -197.49M | -207.89M | -125.9M | -174.13M | -187.31M | -226.81M | -226.63M | -276.1M | -287.24M | -350.8M | -225.25M | -243.53M | -259.72M | -215.12M | -205.33M | -202.58M | -179.9M |
| Capital Expenditures | 0 | -52.71M | 58.22M | -27.21M | -31.01M | -22.76M | -26.55M | -19.06M | -33.54M | -15.32M | -32.69M | -41.35M | -78.16M | -31M | -49.09M | -51.91M | -31.32M | -51.72M | -31.25M | -13.77M |
| CapEx % of Revenue | 151.58% | 4.11% | 5.14% | 2.26% | 2.23% | 1.98% | 2.7% | 2.05% | 3.17% | 1.38% | 3.08% | 4.63% | 6.43% | 1.72% | 2.02% | 2.21% | 1.82% | 2.72% | 2.03% | 1.2% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -2.28B | -170.91M | -507.03M | -170.28M | -176.88M | -103.14M | -147.57M | -168.25M | -193.27M | -211.31M | -243.41M | -245.89M | -272.65M | -194.25M | -194.44M | -207.8M | -183.8M | -153.61M | -171.33M | -166.14M |
| Cash from Financing | 1.21B | 62.88M | 138.72M | -294.87M | -249.85M | -152.1M | 7.95M | 43.82M | -34.8M | -85.55M | 92.72M | 131.97M | 6.9M | -250.04M | -844.14M | -663M | -350.56M | -269.83M | -114.64M | -124.1M |
| Debt Issued (Net) | 1.27B | 82.5M | 207.12M | -187.79M | -207.15M | -133.57M | 30.7M | 80.7M | -1.9M | -57.19M | 114.2M | 179.8M | 145.21M | 9.55M | -414.38M | -383.86M | -204.24M | -227.8M | -92.16M | -203.03M |
| Equity Issued (Net) | 0 | -83K | -51.35M | -74.87M | -10.09M | -2.58M | -669K | -17.33M | -9.02M | 1K | -86K | -15.9M | -75.36M | -198.33M | -382.36M | -193.01M | -100.05M | -564K | -3.18M | -3.88M |
| Dividends Paid | -31.31M | 0 | -93.94M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -83K | -51.35M | -74.87M | -10.09M | -2.58M | -669K | -17.33M | -9.02M | 1K | -86K | -15.9M | -75.36M | -198.33M | -382.36M | -193.01M | -100.05M | -564K | -3.18M | -3.88M |
| Other Financing | -21.32M | -19.53M | 76.89M | -32.21M | -32.61M | -16.6M | -22.08M | -19.55M | -23.88M | -28.36M | -21.4M | -31.93M | -62.96M | -61.26M | -47.41M | -86.13M | -46.27M | -41.47M | -19.31M | 82.82M |
| Net Change in Cash | -210M | 210M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -114.64M | -124.1M |
| Free Cash Flow | -1.96B | 318.03M | 341.1M | 283.95M | 426.73M | 255.24M | 387.38M | -44.16M | 228.07M | 85.55M | 150.69M | 113.92M | 265.74M | 444.29M | 1.04B | 870.8M | 534.35M | 423.44M | 281.43M | 294.77M |
| FCF Margin % | -105.46% | 24.78% | 30.09% | 23.58% | 30.64% | 22.2% | 39.38% | -4.76% | 21.57% | 7.73% | 14.19% | 12.75% | 21.85% | 24.67% | 42.82% | 37.03% | 31.07% | 22.25% | 18.28% | 25.79% |
| FCF Growth % | -560.35% | 24.6% | -11.95% | 742.97% | 87.11% | 198.37% | 157.07% | -138.77% | -14.18% | -80.75% | -85.49% | -86.92% | -50.27% | 4.92% | 269.04% | 195.41% | -2.08% | 86.11% | 69.24% | 182.93% |
| FCF per Share | -6.31 | 1.02 | 1.10 | 0.91 | 1.36 | 0.81 | 1.25 | -0.14 | 0.73 | 0.27 | 0.48 | 0.38 | 0.85 | 1.40 | 3.19 | 2.60 | 1.70 | 1.25 | 0.90 | 0.96 |
| FCF Conversion (FCF/Net Income) | 1.61x | 1.91x | 4.07x | 3.14x | 2.20x | 2.60x | -8.13x | -1.80x | 11.51x | 3.29x | 10.30x | -1.87x | 1.61x | 0.65x | 1.94x | 1.21x | -3.62x | 0.53x | -0.57x | -0.59x |
| Interest Paid | 0 | 7.17M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |