Antero Resources (FRA:7A6) ROCE %: 23.15% (As of Mar. 2026)

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FRA:7A6 Antero Resources Corp FRA:7A6
74 GF Score
Price €30.21
GF Value €37.19
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Antero Resources ROCE %?

Antero Resources FRA:7A6 -0.03% 74 ROCE % is 23.15% as of Mar. 2026. GuruFocus rates FRA:7A6 with a GF Score™ of 74/100 and a GF Value™ of €37.19 (Modestly Undervalued). The stock has 5 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Antero Resources's annualized ROCE % for the quarter that ended in Mar. 2026 was 23.15%.

Antero Resources  (FRA:7A6) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Antero Resources ROCE % Related Terms

Antero Resources ROCE % Historical Data

* Premium members only.

The historical data trend for Antero Resources's ROCE % 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 ROCE % Chart

Antero Resources Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.40 21.90 3.87 0.81 7.90

Antero Resources Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.12 7.92 5.10 10.15 23.15
FRA:7A6
74GF Score
Antero Resources Corp FRA:7A6
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Antero Resources ROCE % Calculation

Antero Resources's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=831.895/( ( (12424.598 - 1380.86) + (11311.578 - 1283.829) )/ 2 )
=831.895/( (11043.738+10027.749)/ 2 )
=831.895/10535.7435
=7.90 %

Antero Resources's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=2528.168/( ( (11311.578 - 1283.829) + (13277.271 - 1464.602) )/ 2 )
=2528.168/( ( 10027.749 + 11812.669 )/ 2 )
=2528.168/10920.209
=23.15 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 23.15% mean?
Antero Resources (FRA:7A6) has a ROCE % of 23.15% as of Mar. 2026.
Is Antero Resources' ROCE % too high?
Antero Resources' current ROCE % is 23.15%. The Oil & Gas industry median ROCE % is 6.88. Antero Resources' value of 23.15% is 236.5% above this industry median. Overall, Antero Resources has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Antero Resources' ROCE % compare to APA and RRC?
Antero Resources' ROCE % of 23.15% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.88. Antero Resources' value of 23.15% is 236.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Oil & Gas company?
The median ROCE % among Oil & Gas companies is 6.88, based on 976 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Antero Resources's current ROCE % of 23.15% is 236.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median ROCE % is 6.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Antero Resources's current ROCE % is 23.15%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Antero Resources stock overvalued right now?
Based on GuruFocus' analysis, Antero Resources (FRA:7A6) is currently considered Modestly Undervalued. The stock's GF Value™ is €37.19, compared to a current price of €30.21 — trading 18.8% below its estimated fair value. The current ROCE % is 23.15% and 236.5% above the Oil & Gas industry median of 6.88. Antero Resources' overall GF Score™ is 74/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Antero Resources (FRA:7A6), the current ROCE % is 23.15% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Antero Resources (FRA:7A6) Overvalued in 2026?

Based on GuruFocus' analysis, Antero Resources stock appears to be undervalued. The current stock price of €30.21 is trading 18.8% below its estimated GF Value™ of €37.19. GuruFocus considers Antero Resources to be Modestly Undervalued.

Key valuation signals for FRA:7A6:

  • ROCE %: 23.15%
  • GF Value™: €37.19 vs. price of €30.21 (18.8% below fair value)
  • GF Score™: 74/100 with 5 warning signs
  • Industry Position: 236.5% above the Oil & Gas median

No single metric tells the full story. See the FRA:7A6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Antero Resources Business Description

Industry EnergyOil & Gas
Other Exchanges AR:USA0A71:UK7A6:Germany
Address 1615 Wynkoop Street, Denver, CO, USA, 80202
Antero Resources is an exploration and production firm whose operations represent a pure play in the Marcellus Shale, located in northern West Virginia. The company started in 2002 as an E&P focused on the Barnett Shale (Fort Worth, Texas). Antero redefined itself in Appalachia's Marcellus Shale in 2005. In 2012, shortly before Antero's 2013 IPO, Antero Midstream Partners was formed to handle the company's rapidly growing gas volumes. In 2026, the firm narrowed its focus further by selling its Ohio Utica assets and using the proceeds to acquire additional Marcellus acreage from HG Energy. Just over half of its production and earning power is tied to natural gas, with the remainder mostly NGLs, where it holds a leading position, and some crude oil.
74GF Score

Get the complete analysis for FRA:7A6

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€30.21
Price
€37.19
GF Value