Opening its latest reports…Reading every line of the four statements…Putting it into plain words…
ARANTERO RESOURCES Corp
The four financial statements
Every company that sells shares in the US files four statements with the SEC. Together they show whether ANTERO RESOURCES made money, what it owns and owes, where its cash went, and what changed for its shareholders. Below is every line exactly as ANTERO RESOURCES filed it, with what each one means in plain English.
As filed with the SEC on Feb 11, 2026 · the full report · SEC's figures viewer
Income statement · also called the statement of operations, statement of earnings or profit and loss
Did it make money?
Read it from the top down. It starts with everything customers paid (sales), takes away the cost of making what was sold, then the costs of running the company, then interest and tax. What is left at the bottom is profit (net income), the part that belongs to shareholders. It covers a stretch of time: a year, or a quarter.
- People usually check: Are sales growing compared with a year earlier?
- People usually check: How much of each dollar of sales is left at each step (the margins)?
- People usually check: Is profit growing faster or slower than sales?
Point at or tap a bar to see the lines inside it.
Out of every $100 of sales
- costs of running the business: $83
- other income and costs: $0 added
- income tax: $4
- kept as profit: $12.8
Every line, explained
| Line (tap for what it means) | 12 months to Dec 31, 2025 | 12 months to Dec 31, 2024 | 12 months to Dec 31, 2023 |
|---|---|---|---|
| Revenue and other | |||
| $5.3B▲ 22% | $4.3B | $4.7B | |
| Operating expenses | |||
| $135.1M▲ 14% | $118.7M | $118.4M | |
| $163.1M▼ 21% | $207.7M | $158.9M | |
| $232.5M▲ 1.4% | $229.3M | $224.5M | |
| $749.7M▼ 1.6% | $762.1M | $746.8M | |
| $29.4M▼ 38% | $47.4M | $51.3M | |
| $3.9M▲ 3.5% | $3.8M | $3.2M | |
| $28.0M▲ 527% | $4.5M | $52.6M | |
| −$266.0K | $862.0K | −$447.0K | |
| $99.0K▼ 75% | $390.0K | $336.0K | |
| $4.4B▲ 1.6% | $4.3B | $4.3B | |
| $883.6M▲ 191997% | $460.0K | $396.2M | |
| Other income (expense) | |||
| −$83.7M▲ 29% | −$118.2M | −$117.9M | |
| $98.5M▲ 5.0% | $93.8M | $83.0M | |
| −$3.6M▼ 587% | −$528.0K | – | |
| – | – | −$374.0K | |
| −$4.4M | – | – | |
| $6.8M | −$24.9M | −$35.3M | |
| $890.4M | −$24.5M | $361.0M | |
| −$215.9M | $118.2M | −$63.6M | |
| $674.6M▲ 620% | $93.7M | $297.3M | |
| $40.1M▲ 10% | $36.5M | $98.9M | |
| $634.4M▲ 1009% | $57.2M | $198.4M | |
| $2.05▲ 1039% | $0.18 | $0.66 | |
| $2.03▲ 1028% | $0.18 | $0.64 | |
| Weighted average number of common shares outstanding | |||
| 309.7M shares | 309.5M shares | 299.8M shares | |
| 312.4M shares▼ 0.3% | 313.4M shares | 311.6M shares | |
Split by Natural gas sales, Natural gas liquids sales, Oil sales, Gathering, compression, processing and transportation and more
| Natural gas sales | |||
|---|---|---|---|
| Sales (Total revenue) | $2.9B | $1.8B | $2.2B |
| Natural gas liquids sales | |||
| Sales (Total revenue) | $2.0B | $2.1B | $1.8B |
| Oil sales | |||
| Sales (Total revenue) | $150.2M | $230.0M | $247.1M |
| Gathering, compression, processing and transportation | |||
| Cost of making what it sold (Cost of goods and services sold) | $2.9B | $2.7B | $2.6B |
| Commodity derivative fair value gains | |||
| Sales (Total revenue) | $111.0M | $731.0K | $166.3M |
| Marketing | |||
| Sales (Total revenue) | $125.9M | $179.1M | $206.1M |
| Cost of making what it sold (Cost of goods and services sold) | $190.2M | $244.9M | $285.0M |
| Amortization of deferred revenue, VPP | |||
| Sales (Total revenue) | $25.3M | $27.1M | $30.6M |
| Other revenue and income | |||
| Sales (Total revenue) | $3.4M | $3.4M | $2.5M |
| Exploration | |||
| Cost of making what it sold (Cost of goods and services sold) | $3.0M | $2.6M | $2.7M |
Every line as the company filed it (USD ($), shares in Thousands, $ in Thousands), shown in full dollars. See this statement on SEC.