Antero Resources Corp - Understand $ar stock

$AR Market Cap: $9.808 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$4.351B

TTM

Gross Margin

70.29%

TTM

Net Earnings

$60.37M

TTM

Current Assets

$368.6M

Q3 2024

Current Liabilities

$1.324B

Q3 2024

Current Ratio

27.84%

Q3 2024

Total Assets

$13.22B

Q3 2024

Total Liabilities

$6.042B

Q3 2024

Book Value

$7.181B

Q3 2024

Cash

$0.00

Q3 2024

P/E

162.5

Nov 29, 2024 EST

Free Cash Flow

$75.18M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$4.682B	$7.138B	$4.619B	$3.492B	$4.409B	$4.140B	$3.656B	$1.647B	$3.955B	$2.681B	$1.313B	$735.7M	$691.4M	$471.3M	$208.0M	$366.5M
YoY Change	-34.41%	54.53%	32.3%	-20.8%	6.5%	13.24%	121.97%	-58.36%	47.54%	104.14%	78.48%	6.42%	46.69%	126.59%	-43.25%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$4.682B	$7.138B	$4.619B	$3.492B	$4.409B	$4.140B	$3.656B	$1.647B	$3.955B	$2.681B	$1.313B	$735.7M	$691.4M	$471.3M	$208.0M	$366.5M
Cost Of Revenue	$1.296B	$1.511B	$1.276B	$1.238B	$2.418B	$1.602B	$1.279B	$999.5M	$773.7M	$578.7M	$278.3M	$117.5M	$53.80M	$80.10M	$50.70M	$52.70M
Gross Profit	$3.386B	$5.627B	$3.344B	$2.253B	$1.991B	$2.538B	$2.376B	$647.4M	$3.181B	$2.102B	$1.035B	$327.0M	$637.5M	$391.2M	$157.3M	$313.8M
Gross Profit Margin	72.31%	78.83%	72.39%	64.54%	45.17%	61.3%	65.01%	39.31%	80.44%	78.42%	78.8%	44.45%	92.21%	83.0%	75.63%	85.62%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Selling, General & Admin	$2.133B	$2.185B	$2.475B	$2.102B	$728.5M	$926.4M	$617.5M	$738.7M	$532.8M	$320.0M	$425.4M	$45.30M	$33.30M	$22.00M	$20.80M	$16.20M
YoY Change	-2.4%	-11.71%	17.74%	188.55%	-21.36%	50.02%	-16.41%	38.64%	66.5%	-24.78%	839.07%	36.04%	51.36%	5.77%	28.4%
% of Gross Profit	62.99%	38.83%	74.02%	93.29%	36.59%	36.51%	25.98%	114.1%	16.75%	15.22%	41.11%	13.85%	5.22%	5.62%	13.22%	5.16%
Research & Development	$2.700M	$7.409M	$6.566M	$1.100M	$900.0K	$5.000M	$8.500M	$6.900M	$3.800M	$27.90M	$22.30M	$14.70M	$4.000M	$24.80M	$10.20M	$23.00M
YoY Change	-63.56%	12.84%	496.91%	22.22%	-82.0%	-41.18%	23.19%	81.58%	-86.38%	25.11%	51.7%	267.5%	-83.87%	143.14%	-55.65%
% of Gross Profit	0.08%	0.13%	0.2%	0.05%	0.05%	0.2%	0.36%	1.07%	0.12%	1.33%	2.16%	4.5%	0.63%	6.34%	6.48%	7.33%
Depreciation & Amortization	$690.0M	$680.6M	$742.0M	$861.9M	$914.9M	$972.5M	$824.6M	$812.3M	$711.4M	$479.2M	$233.9M	$102.0M	$55.72M	$134.0M	$139.8M	$124.8M
YoY Change	1.38%	-8.28%	-13.91%	-5.79%	-5.92%	17.93%	1.52%	14.18%	48.46%	104.89%	129.23%	83.12%	-58.42%	-4.15%	12.02%
% of Gross Profit	20.38%	12.1%	22.19%	38.25%	45.95%	38.32%	34.7%	125.47%	22.36%	22.8%	22.6%	31.2%	8.74%	34.25%	88.87%	39.77%
Operating Expenses	$2.829B	$2.878B	$3.227B	$2.969B	$1.648B	$1.907B	$1.453B	$1.558B	$1.248B	$827.0M	$971.9M	$291.7M	$160.4M	$181.1M	$171.2M	$164.1M
YoY Change	-1.7%	-10.83%	8.72%	80.12%	-13.56%	31.19%	-6.71%	24.81%	50.92%	-14.91%	233.19%	81.89%	-11.45%	5.78%	4.33%
Operating Profit	$453.1M	$2.574B	$23.86M	-$953.4M	-$987.0M	$71.91M	$740.1M	-$910.4M	$1.933B	$1.275B	$341.2M	$444.0M	$531.0M	$210.1M	-$13.90M	$149.7M
YoY Change	-82.4%	10687.53%	-102.5%	-3.4%	-1472.71%	-90.28%	-181.29%	-147.1%	51.62%	273.67%	-23.15%	-16.38%	152.73%	-1611.51%	-109.29%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Interest Expense	-$34.92M	-$53.05M	-$104.8M	-$262.5M	-$480.1M	-$246.5M	-$248.5M	-$253.1M	-$272.9M	-$160.1M	$136.6M	$97.51M	$74.40M	-$59.10M	-$41.00M	-$52.80M
YoY Change	-34.17%	-49.38%	-60.08%	-45.32%	94.77%	-0.8%	-1.82%	-7.26%	70.46%	-217.19%	40.11%	31.05%	-225.9%	44.15%	-22.35%
% of Operating Profit	-7.71%	-2.06%	-439.16%			-342.81%	-33.58%		-14.12%	-12.56%	40.04%	21.96%	14.01%	-28.13%		-35.27%
Other Income/Expense, Net	-$35.29M	-$99.24M	-$252.0M	-$704.4M	$619.8M	-$246.5M	-$250.0M				-$179.2M	-$97.51M	-$74.50M
YoY Change	-64.44%	-60.63%	-64.22%	-213.66%	-351.48%	-1.42%					83.76%	30.89%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Pretax Income	$417.8M	$2.475B	-$228.2M	-$1.658B	-$367.2M	-$174.6M	$490.1M	-$1.246B	$1.556B	$1.119B	$162.0M	$346.5M	$456.5M	$260.2M	-$109.1M	$86.70M
YoY Change	-83.12%	-1184.49%	-86.24%	351.44%	110.39%	-135.62%	-139.34%	-180.07%	39.01%	590.83%	-53.24%	-24.09%	75.44%	-338.5%	-225.84%
Income Tax	$75.99M	$448.7M	-$74.08M	-$397.5M	-$74.11M	-$128.9M	-$295.1M	-$496.4M	$575.9M	$445.7M	$186.2M	$121.2M	$185.3M	$30.00M	-$2.600M	$3.000M
% Of Pretax Income	18.19%	18.13%					-60.2%		37.01%	39.82%	114.93%	34.99%	40.59%	11.53%		3.46%
Net Earnings	$341.8M	$2.026B	-$154.1M	-$1.260B	-$293.1M	-$45.70M	$785.1M	-$848.8M	$941.4M	$673.6M	-$18.93M	-$285.1M	$392.7M	$228.6M	-$106.2M	$84.00M
YoY Change	-83.13%	-1414.64%	-87.77%	329.97%	541.42%	-105.82%	-192.5%	-190.16%	39.76%	-3658.37%	-93.36%	-172.6%	71.78%	-315.25%	-226.43%
Net Earnings / Revenue	7.3%	28.38%	-3.34%	-36.1%	-6.65%	-1.1%	21.48%	-51.54%	23.8%	25.13%	-1.44%	-38.75%	56.8%	48.5%	-51.06%	22.92%
Basic Earnings Per Share	$0.81	$6.18	-$0.61	-$4.65	-$1.11	-$1.26	$1.95				-$0.07	-$1.09	$1.50
Diluted Earnings Per Share	$0.78	$5.78	-$0.61	-$4.65	-$1.11	-$1.26	$1.94	-$2.878M	$3.435M	$2.570M	-$0.07	-$1.09	$1.50	$898.6K	-$417.5K	$330.2K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Cash & Short-Term Investments						$0.00	$28.00M	$32.00M	$23.00M	$246.0M	$17.00M	$19.00M	$3.000M	$9.000M	$11.00M	$39.00M
YoY Change						-100.0%	-12.5%	39.13%	-90.65%	1347.06%	-10.53%	533.33%	-66.67%	-18.18%	-71.79%
Cash & Equivalents						$0.00	$28.00M	$32.00M	$23.00M	$246.0M	$17.00M	$19.00M	$3.000M	$9.000M	$11.00M	$39.00M
Short-Term Investments
Other Short-Term Assets	$32.27M	$44.35M	$15.68M	$120.0M	$434.0M	$281.0M	$470.0M	$79.00M	$1.017B	$698.0M	$186.0M	$183.0M	$262.0M	$92.00M	$29.00M	$92.00M
YoY Change	-27.25%	182.88%	-86.93%	-72.35%	54.45%	-40.21%	494.94%	-92.23%	45.7%	275.27%	1.64%	-30.15%	184.78%	217.24%	-68.48%
Inventory															$1.000M	$2.000M
Prepaid Expenses
Receivables	$443.4M	$743.2M	$670.4M	$454.0M	$489.0M	$526.0M	$335.0M	$292.0M	$208.0M	$308.0M	$127.0M	$68.00M	$61.00M	$54.00M	$53.00M	$72.00M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$3.000M	$5.000M	$7.000M	$2.000M	$0.00	$0.00
Total Short-Term Assets	$475.7M	$787.5M	$686.1M	$574.0M	$923.0M	$807.0M	$833.0M	$403.0M	$1.248B	$1.252B	$334.0M	$275.0M	$334.0M	$157.0M	$95.00M	$204.0M
YoY Change	-39.6%	14.78%	19.53%	-37.81%	14.37%	-3.12%	106.7%	-67.71%	-0.32%	274.85%	21.45%	-17.66%	112.74%	65.26%	-53.43%
Property, Plant & Equipment	$12.89B	$13.08B	$12.95B	$12.26B	$12.87B	$13.87B	$13.24B	$12.03B	$10.73B	$9.352B	$5.560B	$2.937B	$2.880B	$2.160B	$1.804B	$1.798B
YoY Change	-1.47%	1.05%	5.59%	-4.69%	-7.25%	4.79%	10.05%	12.07%	14.76%	68.2%	89.31%	1.98%	33.33%	19.73%	0.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$222.3M	$220.4M	$232.4M	$255.0M	$1.055B	$434.0M	$303.0M
YoY Change	0.83%	-5.15%	-8.86%	-75.83%	143.09%	43.23%
Other Assets	$30.95M	$26.95M	$31.05M	$61.00M	$354.0M	$409.0M	$890.0M	$1.826B	$2.135B	$969.0M	$720.0M	$404.0M	$570.0M	$170.0M	$38.00M	$27.00M
YoY Change	14.82%	-13.21%	-49.09%	-82.77%	-13.45%	-54.04%	-51.26%	-14.47%	120.33%	34.58%	78.22%	-29.12%	235.29%	347.37%	40.74%
Total Long-Term Assets	$13.14B	$13.33B	$13.21B	$12.58B	$14.28B	$14.71B	$14.43B	$13.85B	$12.87B	$10.32B	$6.280B	$3.344B	$3.455B	$2.329B	$1.842B	$1.825B
YoY Change	-1.4%	0.91%	5.04%	-11.89%	-2.97%	1.97%	4.15%	7.66%	24.67%	64.35%	87.8%	-3.21%	48.35%	26.44%	0.93%
Total Assets	$13.62B	$14.12B	$13.90B	$13.15B	$15.20B	$15.52B	$15.26B	$14.26B	$14.12B	$11.57B	$6.614B	$3.619B	$3.789B	$2.486B	$1.937B	$2.029B
YoY Change
Accounts Payable	$125.3M	$158.3M	$101.1M	$97.00M	$112.0M	$66.00M	$63.00M	$39.00M	$70.00M	$532.0M	$371.0M	$181.0M	$107.0M	$82.00M	$49.00M
YoY Change	-20.84%	56.59%	4.18%	-13.39%	69.7%	4.76%	61.54%	-44.29%	-86.84%	43.4%	104.97%	69.16%	30.49%	67.35%
Accrued Expenses	$920.3M	$985.4M	$868.9M	$568.0M	$705.0M	$465.0M	$443.0M	$394.0M	$488.0M	$169.0M	$77.00M	$59.00M	$38.00M	$22.00M	$24.00M
YoY Change	-6.61%	13.41%	52.97%	-19.43%	51.61%	4.97%	12.44%	-19.26%	188.76%	119.48%	30.51%	55.26%	72.73%	-8.33%
Deferred Revenue
YoY Change
Short-Term Debt	$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	$0.00	$0.00
YoY Change
Long-Term Debt Due	$1.106M	$499.0K	$397.0K	$1.000M	$1.000M						$0.00	$25.00M			$0.00
YoY Change	121.64%	25.69%	-60.3%	0.0%							-100.0%
Total Short-Term Liabilities	$1.452B	$1.775B	$2.068B	$983.0M	$1.040B	$854.0M	$762.0M	$817.0M	$707.0M	$1.155B	$622.0M	$376.0M	$255.0M	$152.0M	$112.0M	$208.0M
YoY Change	-18.19%	-14.18%	110.39%	-5.48%	21.78%	12.07%	-6.73%	15.56%	-38.79%	85.69%	65.43%	47.45%	67.76%	35.71%	-46.15%
Long-Term Debt	$1.540B	$1.185B	$2.126B	$3.002B	$3.760B	$5.462B	$4.800B	$4.704B	$4.669B	$4.363B	$2.079B	$1.444B	$1.317B	$653.0M	$515.0M	$623.0M
YoY Change	29.96%	-44.24%	-29.19%	-20.16%	-31.16%	13.79%	2.04%	0.75%	7.01%	109.86%	43.98%	9.64%	101.68%	26.8%	-17.34%
Other Long-Term Liabilities	$2.579B	$3.381B	$3.319B	$2.663B	$2.644B	$66.00M	$44.00M	$55.00M	$82.00M	$48.00M	$35.00M	$33.00M	$12.00M	$9.000M	$9.000M	$17.00M
YoY Change	-23.73%	1.88%	24.62%	0.72%	3906.06%	50.0%	-20.0%	-32.93%	70.83%	37.14%	6.06%	175.0%	33.33%	0.0%	-47.06%
Total Long-Term Liabilities	$4.119B	$4.566B	$5.444B	$5.665B	$6.404B	$5.528B	$4.844B	$4.759B	$4.751B	$4.411B	$2.114B	$1.477B	$1.329B	$662.0M	$524.0M	$640.0M
YoY Change	-9.79%	-16.13%	-3.9%	-11.54%	15.85%	14.12%	1.79%	0.17%	7.71%	108.66%	43.13%	11.14%	100.76%	26.34%	-18.13%
Total Liabilities	$6.638B	$7.363B	$8.139B	$7.383B	$8.227B	$7.854B	$7.112B	$7.993B	$8.181B	$7.190B	$3.015B	$1.945B	$1.830B	$891.0M	$667.0M	$881.0M
YoY Change	-9.85%	-9.53%	10.24%	-10.26%	4.75%	10.43%	-11.02%	-2.3%	13.78%	138.47%	55.01%	6.28%	105.39%	33.58%	-24.29%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Basic Shares Outstanding	299.8M	307.2M	308.1M	272.4M	306.4M	316.0M	315.4M	294.9M	274.1M
Diluted Shares Outstanding	311.6M	329.2M	308.1M	272.4M	306.4M	316.0M	316.3M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $9.8079 Billion

About ANTERO RESOURCES Corp

Antero Resources Corp. engages in the development, production, exploration, and acquisition of natural gas. The company is headquartered in Denver, Colorado and currently employs 604 full-time employees. The company went IPO on 2013-10-10. The firm is engaged in the acquisition, development and production of unconventional properties located in the Appalachian Basin in West Virginia and Ohio. The firm targets large, repeatable resource plays where horizontal drilling and advanced fracture stimulation technologies provide the means to economically develop and produce natural gas, NGLs and oil from unconventional formations. The firm operates through three segments: the exploration, development, and production of natural gas, NGLs and oil; marketing of excess firm transportation capacity; and midstream services through its equity method investment in Antero Midstream Corporation (Antero Midstream). The firm holds approximately 515,000 net acres of natural gas, NGLs and oil properties located in the Appalachian Basin, primarily in West Virginia and Ohio.

Industry: Crude Petroleum & Natural Gas Peers: Ovintiv Inc. APA Corp EXPAND ENERGY Corp CONOCOPHILLIPS RANGE RESOURCES CORP MARATHON OIL CORP Matador Resources Co Chord Energy Corp SOUTHWESTERN ENERGY CO Texas Pacific Land Corp