Antero Resources Scaled Net Operating Assets Historical Data
The historical data trend for Antero Resources‘s Scaled Net Operating Assets can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company’s associated stock exchange currency.
Antero Resources Scaled Net Operating Assets Chart
AR vs APA, RRC, PR: Scaled Net Operating Assets Comparison
For the Oil & Gas E&P subindustry, Antero Resources‘s Scaled Net Operating Assets, along with its competitors’ market caps and Scaled Net Operating Assets data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that “N/A” values will not show up in the chart.
Antero Resources Scaled Net Operating Assets vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Antero Resources‘s Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Antero Resources’s Scaled Net Operating Assets falls into.
69GF Score
Antero Resources Corp AR
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
Antero Resources Scaled Net Operating Assets Calculation
Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Antero Resources‘s Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as
| Scaled Net Operating Assets (SNOA) | (A: Dec. 2025 ) | ||||
| = | (Operating Assets (A: Dec. 2025 ) | – | Operating Liabilities (A: Dec. 2025 )) | / | Total Assets (A: Dec. 2024 ) |
| = | (13245.407 | – | 2003.238) | / | 13010.05 |
| = | 0.86 |
where
Antero Resources‘s Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as
| Scaled Net Operating Assets (SNOA) | (Q: Dec. 2025 ) | ||||
| = | (Operating Assets (Q: Dec. 2025 ) | – | Operating Liabilities (Q: Dec. 2025 )) | / | Total Assets (Q: Sep. 2025 ) |
| = | (13245.407 | – | 2003.238) | / | 12912.057 |
| = | 0.87 |
where
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company’s associated stock exchange currency.
What does a Scaled Net Operating Assets of 0.87 mean?
Antero Resources (AR) has a Scaled Net Operating Assets of 0.87 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Antero Resources and its competitors.
Is Antero Resources’ Scaled Net Operating Assets too high?
Antero Resources’ current Scaled Net Operating Assets is 0.87. Overall, Antero Resources has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Antero Resources’ Scaled Net Operating Assets compare to APA and RRC?
Antero Resources’ Scaled Net Operating Assets of 0.87 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Oil & Gas company?
A good Scaled Net Operating Assets depends on the Oil & Gas industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
Is Antero Resources stock overvalued right now?
How is Scaled Net Operating Assets calculated?
Is Antero Resources (AR) Overvalued in 2026?
Based on GuruFocus’ analysis, Antero Resources stock appears to be overvalued.
The current stock price of $37.89 is trading 4% above its estimated GF Value™ of $36.45.
GuruFocus considers Antero Resources to be Fairly Valued.
Key valuation signals for AR:
- Scaled Net Operating Assets: 0.87
- GF Value™: $36.45 vs. price of $37.89 (4% above fair value)
- GF Score™: 69/100 with 5 warning signs
No single metric tells the full story. See the AR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Antero Resources Business Description
Address
1615 Wynkoop Street, Denver, CO, USA, 80202
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.
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