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Complete financial analysis of Antero Resources Corporation (AR) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Antero Resources Corporation, a leading company in the Oil & Gas Exploration & Production industry within the Energy sector.
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Antero Resources Corporation (AR)
About Antero Resources Corporation
Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2021, it had approximately 502,000 net acres in the Appalachian Basin; and 174,000 net acres in the Upper Devonian Shale. The company also owned and operated 494 miles of gas gathering pipelines in the Appalachian Basin; and 21 compressor stations. It had estimated proved reserves of 17.7 trillion cubic feet of natural gas equivalent, including 10.2 trillion cubic feet of natural gas; 718 million barrels of assumed recovered ethane; 501 million barrels of primarily propane, isobutane, normal butane, and natural gasoline; and 36 million barrels of oil. 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 founded in 2002 and is headquartered in Denver, Colorado.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.68B | 8.29B | 5.79B | 3.08B | 3.65B | 3.65B | 2.75B | 1.77B | 1.40B | 1.76B | 821.45M | 264.98M | 195.29M | 47.43M |
| Cost of Revenue | 3.61B | 3.67B | 3.54B | 3.60B | 3.33B | 2.57B | 2.10B | 1.81B | 1.48B | 1.06B | 512.22M | 219.57M | 109.55M | 31.80M |
| Gross Profit | 1.07B | 4.62B | 2.25B | -514.44M | 315.98M | 1.08B | 644.09M | -41.37M | -86.33M | 702.26M | 309.22M | 45.41M | 85.74M | 15.63M |
| Gross Profit Ratio | 22.90% | 55.72% | 38.94% | -16.68% | 8.66% | 29.52% | 23.44% | -2.34% | -6.18% | 39.93% | 37.64% | 17.14% | 43.90% | 32.95% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 224.52M | 172.91M | 145.01M | 134.48M | 178.70M | 240.34M | 251.20M | 239.32M | 233.70M | 216.53M | 425.44M | 45.28M | 33.34M | 21.95M |
| Selling & Marketing | 284.97M | 531.30M | 811.70M | 469.40M | 549.81M | 686.06M | 366.28M | 499.34M | 299.06M | 103.44M | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 509.48M | 704.21M | 956.70M | 603.89M | 728.51M | 926.40M | 617.48M | 738.67M | 532.76M | 319.97M | 425.44M | 45.28M | 33.34M | 21.95M |
| Other Expenses | 0.00 | -447.49M | -754.80M | -323.37M | -291.72M | -451.12M | -246.90M | -383.71M | -170.73M | -24.44M | 23.34M | 14.78M | 4.11M | 2.36M |
| Operating Expenses | 216.22M | 256.73M | 201.91M | 280.51M | 436.79M | 475.28M | 370.58M | 354.95M | 362.03M | 295.53M | 448.78M | 60.06M | 37.45M | 24.31M |
| Cost & Expenses | 3.83B | 3.93B | 3.74B | 3.88B | 3.77B | 3.05B | 2.47B | 2.16B | 1.85B | 1.35B | 961.00M | 279.63M | 147.01M | 56.12M |
| Interest Income | 0.00 | 125.37M | 181.87M | 199.87M | 228.11M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 117.87M | 125.37M | 181.87M | 199.87M | 228.11M | 286.74M | 268.70M | 253.55M | 234.40M | 160.05M | 136.62M | 97.51M | 74.40M | 56.46M |
| Depreciation & Amortization | 693.21M | 685.23M | 745.83M | 865.29M | 918.63M | 975.28M | 986.82M | 975.28M | 711.42M | 479.17M | 234.94M | 102.13M | 55.79M | 18.53M |
| EBITDA | 1.23B | 3.29B | 699.51M | -592.73M | 779.49M | 1.09B | 1.75B | -16.99M | 2.61B | 1.76B | 533.58M | 87.48M | 586.61M | 76.15M |
| EBITDA Ratio | 26.25% | 61.76% | 48.73% | 0.01% | 21.37% | 44.31% | 40.79% | 23.56% | 18.83% | 50.37% | 11.61% | 33.01% | 53.29% | 20.76% |
| Operating Income | 453.13M | 4.44B | 2.08B | -864.86M | -139.03M | 71.91M | 740.09M | -975.80M | 1.79B | 1.30B | 341.21M | 444.02M | 530.98M | 60.30M |
| Operating Income Ratio | 9.68% | 53.49% | 35.85% | -28.04% | -3.81% | 1.97% | 26.93% | -55.19% | 128.14% | 73.90% | 41.54% | 167.56% | 271.90% | 127.12% |
| Total Other Income/Expenses | -35.29M | -99.24M | -252.05M | -704.45M | 619.80M | -246.46M | -250.01M | -270.02M | -234.40M | -180.44M | -179.18M | 193.68M | 408.20M | -59.14M |
| Income Before Tax | 417.84M | 2.47B | -228.19M | -1.66B | -367.25M | -174.56M | 490.09M | -1.25B | 1.56B | 1.12B | 162.02M | 346.51M | 456.49M | 1.16M |
| Income Before Tax Ratio | 8.92% | 29.83% | -3.94% | -53.76% | -10.07% | -4.78% | 17.83% | -70.46% | 111.36% | 63.64% | 19.72% | 130.77% | 233.75% | 2.44% |
| Income Tax Expense | 75.99M | 448.69M | -74.08M | -397.48M | -74.11M | -128.86M | -295.05M | -496.38M | 575.89M | 445.67M | 186.21M | 121.23M | 185.30M | 939.00K |
| Net Income | 242.92M | 1.90B | -154.11M | -1.26B | -293.14M | -397.52M | 615.07M | -848.82M | 941.36M | 673.59M | -18.93M | -285.07M | 392.68M | 228.63M |
| Net Income Ratio | 5.19% | 22.89% | -2.66% | -40.87% | -8.03% | -10.88% | 22.38% | -48.01% | 67.38% | 38.30% | -2.30% | -107.58% | 201.08% | 482.02% |
| EPS | 0.81 | 6.18 | -0.50 | -4.63 | -0.96 | -1.26 | 1.95 | -2.88 | 3.43 | 2.57 | -0.07 | -1.10 | 1.51 | 0.88 |
| EPS Diluted | 0.78 | 5.77 | -0.50 | -4.63 | -0.96 | -1.26 | 1.94 | -2.88 | 3.43 | 2.57 | -0.07 | -1.10 | 1.51 | 0.88 |
| Weighted Avg Shares Out | 299.79M | 307.20M | 308.15M | 272.43M | 306.40M | 315.49M | 315.43M | 294.73M | 274.12M | 262.05M | 262.05M | 260.10M | 260.10M | 260.10M |
| Weighted Avg Shares Out (Dil) | 311.60M | 329.22M | 308.15M | 272.43M | 306.40M | 316.04M | 316.28M | 294.95M | 274.14M | 262.07M | 262.05M | 260.10M | 260.10M | 260.10M |
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