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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 |
Antero Resources: Beyond The Natural Gas Price Implosion - Why I Remain Very Bullish
Antero Resources, a natural gas producer, is facing challenges due to low natural gas prices and volatile market conditions. The company has made significant improvements in operational efficiency and cost management, positioning it for long-term gains. Antero anticipates positive free...
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Antero Resources' (AR) Q4 earnings have been aided by higher production volumes, driven by strong well performance and lower operating expenses.
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Although the revenue and EPS for Antero Resources (AR) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago...
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DENVER , Feb. 14, 2024 /PRNewswire/ -- Antero Resources Corporation (NYSE: AR) ("Antero Resources," "Antero," or the "Company") today announced its fourth quarter 2023 financial and operating results, year end 2023 estimated proved reserves and 2024 guidance. The relevant consolidated financial...
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Antero Resources Corporation should benefit from a recent cold spell, which led to higher prices and increased profits during that cold spell to offset the warm December. Rig count will likely continue to drop until production and supply come back...
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Antero Resources Announces Fourth Quarter 2023 Earnings Release Date and Conference Call
DENVER , Jan. 10, 2024 /PRNewswire/ -- Antero Resources (NYSE: AR) ("Antero" or the "Company") announced today that the Company plans to issue its fourth quarter 2023 earnings release on Wednesday, February 14, 2024 after the close of trading on the New...
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Antero Resources Corporation has removed hedges due to declining rig count. The market assumes oversupply will continue, creating a contrarian investment opportunity as the industry decreases supply. The risk of a colder-than-normal winter could lead to a spike in natural...
Why Is Antero Resources (AR) Down 14.9% Since Last Earnings Report?
Antero Resources (AR) reported earnings 30 days ago. What's next for the stock?
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Category: Stock Reports