Sifting through countless of stocks in the Oil, Gas & Consumable Fuels industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in Black Stone Minerals, L.P. or Antero Resources Corporation because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how Black Stone Minerals, L.P. and Antero Resources Corporation compare based on key financial metrics to determine which better meets your investment needs.

About Black Stone Minerals, L.P. and Antero Resources Corporation

Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.9 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.6 million gross acres located in 41 states in the United States. The company was founded in 1876 and is based in Houston, Texas.

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Production; Marketing; and Equity Method Investment in Antero Midstream. As of December 31, 2025, the company had approximately 537,000 net acres in the Appalachian Basin; and approximately 168,000 net acres in the Upper Devonian Shale. Its gathering and compression systems also comprise 731 miles of gas gathering pipelines in the Appalachian Basin. The company was formerly known as Antero Resources Appalachian Corporation and changed its name to Antero Resources Corporation in June 2013. Antero Resources Corporation was incorporated in 2002 and is headquartered in Denver, Colorado.

Latest Oil, Gas & Consumable Fuels and Black Stone Minerals, L.P., Antero Resources Corporation Stock News

As of August 3, 2026, Black Stone Minerals, L.P. had a $3.2 billion market capitalization, compared to the Oil, Gas & Consumable Fuels median of $2.5 million. Black Stone Minerals, L.P.’s stock is up 11.2% in 2026, down 0.1% in the previous five trading days and up 20.11% in the past year.

Currently, Black Stone Minerals, L.P.’s price-earnings ratio is 11.9. Black Stone Minerals, L.P.’s trailing 12-month revenue is $410.2 million with a 72.5% net profit margin. Year-over-year quarterly sales growth most recently was 8.5%. Analysts expect adjusted earnings to reach $1.035 per share for the current fiscal year. Black Stone Minerals, L.P. currently has a 8.0% dividend yield.

As of August 3, 2026, Antero Resources Corporation had a $11.2 billion market cap, putting it in the 79th percentile of all stocks. Antero Resources Corporation’s stock is up 3.6% in 2026, up 5.3% in the previous five trading days and up 4.44% in the past year.

Currently, Antero Resources Corporation’s price-earnings ratio is 10.5. Antero Resources Corporation’s trailing 12-month revenue is $5.8 billion with a 18.7% net profit margin. Year-over-year quarterly sales growth most recently was 12.6%. Analysts expect adjusted earnings to reach $4.328 per share for the current fiscal year. Antero Resources Corporation does not currently pay a dividend.

How We Compare Black Stone Minerals, L.P. and Antero Resources Corporation Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at Black Stone Minerals, L.P. and Antero Resources Corporation’s stock grades to see how they measure up against one another.

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Black Stone Minerals, L.P. and Antero Resources Corporation Stock Value Grades

Company	Ticker	Value
Black Stone Minerals, L.P.	BSM	C
Antero Resources Corporation	AR	A

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection.

Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

AAII’s A+ Investor Value Grade derives from a stock’s value score. The Value Score is the percentile rank of the average of the percentile ranks of the price-to-sales ratio, price-earnings ratio, enterprise-value-to-EBITDA (EV/EBITDA) ratio, shareholder yield, price-to-book-value ratio and price-to-free-cash-flow ratio. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. To be assigned a Value Score, stocks must have a valid (non-null) ratio and corresponding ranking for at least two of the six valuation ratios.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are a good value and so on.

Black Stone Minerals, L.P. has a Value Score of 54, which is Average. Antero Resources Corporation has a Value Score of 81, which is Deep Value.

The Value Stock Winner: Antero Resources Corporation

As you can clearly see from the Value Grade breakdown above, Antero Resources Corporation is considered to have better value than Black Stone Minerals, L.P.. For investors who focus solely on a company’s valuation, Antero Resources Corporation could be a good stock to add to their portfolio. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Black Stone Minerals, L.P. and Antero Resources Corporation Growth Grades

Company	Ticker	Growth
Black Stone Minerals, L.P.	BSM	B
Antero Resources Corporation	AR	B

The foundation of growth investing is seeking out stocks of companies exhibiting strong, consistent and prolonged growth that is expected to continue into the future.

In order to compute the growth score and assign it a letter grade, the percentile ranks for each of three components‐consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations‐must be determined. These three rank figures are added together, and the sum is ranked against the entire stock universe to arrive at a company’s Growth Score to create an equal distribution of grades.

The companies in the bottom 20% of the stock universe receive Growth Grades of F, considered to be very weak, while those in the top 20% receive A grades, which are considered very strong.

Black Stone Minerals, L.P. has a Growth Score of 61, which is Strong. Antero Resources Corporation has a Growth Score of 77, which is Strong.

The Growth Grade Winner: It’s a Tie!

Looking at the Growth Grade breakdown above, both Black Stone Minerals, L.P. and Antero Resources Corporation have a grade of B. For investors who focus solely on a company’s upward growth, further research should be conducted into both companies’ other financial metrics before deciding whether to invest.

Black Stone Minerals, L.P. and Antero Resources Corporation’s Momentum Grades

Company	Ticker	Momentum
Black Stone Minerals, L.P.	BSM	C
Antero Resources Corporation	AR	D

Momentum grades help to uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming. Momentum is based on the price change of a stock over a specified period relative to all other stocks.

Typically, AAII looks at the weighted relative strength over the trailing four quarters. The weighted four-quarter relative strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40% and each of the three previous quarters are given a weighting of 20%.

Black Stone Minerals, L.P. has a Momentum Score of 52, which is Average. Antero Resources Corporation has a Momentum Score of 39, which is Weak.

The Momentum Stock Winner: No Clear Winner

Neither Black Stone Minerals, L.P. or Antero Resources Corporation has a strong enough Momentum Grade to be considered a “winner.” Investors considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if Black Stone Minerals, L.P. or Antero Resources Corporation is the better investment when it comes to momentum.

Other Black Stone Minerals, L.P. and Antero Resources Corporation Grades

In addition to Value, Growth and Momentum, A+ Investor also provides grades for Estimate Revisions and Quality.

Earnings estimate revisions scores take into account the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, surprises beget further surprises‐or at least continued sales growth (the exact opposite is generally true, too).

AAII’s A+ Investor Quality Grade comes from the ranking of key metrics. Specifically, the quality grade is the percentile rank of the composite of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and F-Score.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether Black Stone Minerals, L.P. and Antero Resources Corporation pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, Black Stone Minerals, L.P. or Antero Resources Corporation Stock?

Overall, Black Stone Minerals, L.P. stock has a Value Score of 54, Growth Score of 61 and Momentum Score of 52.

Antero Resources Corporation stock has a Value Score of 81, Growth Score of 77 and Momentum Score of 39.

Comparing Black Stone Minerals, L.P. and Antero Resources Corporation’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.