Antero Resources Corporation
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $286.4M | $548.2M | $202.9M | $85.6M | $166.6M | $219.5M | $158.8M | $-25.2M |
| Depreciation & Amortization | $227.3M | $206.2M | $187.0M | $188.8M | $187.6M | $186.4M | $193.7M | $189.3M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $13.3M | $11.7M | $14.3M | $15.5M | $15.9M | $15.1M | $17.2M | $16.1M |
| Net Cash from Operating Activities | $438.8M | $859.1M | $370.7M | $310.1M | $492.4M | $457.7M | $278.0M | $166.2M |
| Investing Activities | ||||||||
| Capital Expenditures | $4.3M | $4.6M | $1.5M | $2.4M | $976.0K | $604.0K | $801.0K | $1.1M |
| Business Acquisitions | $8.9M | $2.79B | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-341.2M | $-2.28B | $-223.6M | $-448.8M | $-197.5M | $-207.9M | $-125.9M | $-174.1M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | $83.0K | $51.4M | $74.9M | $10.1M | — | — |
| Net Cash from Financing Activities | $-97.6M | $1.21B | $62.9M | $138.7M | $-294.9M | $-249.8M | $-152.1M | $7.9M |
| Net Change in Cash | $0 | $-210.0M | $210.0M | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $434.6M | $854.4M | $369.3M | $307.7M | $491.4M | $457.1M | $277.2M | $165.1M |