Antero Resources Corp (AR)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	4,045,063	4,097,793	4,164,343	4,128,700	4,402,910	5,235,210	6,168,990	7,419,580	6,811,173	7,180,233	5,667,830	3,981,307	4,380,334	3,355,684	3,199,361	3,160,851	2,620,509	2,264,157	1,986,275	2,703,588
Revenue (ttm)	US$ in thousands	4,325,594	4,350,984	4,421,244	4,395,895	4,681,975	5,573,125	6,511,565	7,759,940	7,138,430	7,447,410	5,916,673	4,202,073	4,619,433	3,534,253	3,380,961	3,378,792	3,491,692	3,135,340	3,873,629	4,688,378
Gross profit margin		93.51%	94.18%	94.19%	93.92%	94.04%	93.94%	94.74%	95.61%	95.42%	96.41%	95.79%	94.75%	94.82%	94.95%	94.63%	93.55%	75.05%	72.21%	51.28%	57.67%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,045,063K ÷ $4,325,594K
= 93.51%

The gross profit margin of Antero Resources Corp has fluctuated over the past few years. It increased steadily from March 31, 2020, to June 30, 2021, reaching a peak of around 94-95%. This indicates that the company was effectively managing its production costs and generating a higher percentage of revenue after accounting for the cost of goods sold during this period.

However, from September 30, 2021, to December 31, 2024, the gross profit margin showed a slight decline, hovering around the 93-94% range. This could suggest that Antero Resources Corp may have experienced some cost pressures impacting its profitability during this period.

Overall, a gross profit margin consistently above 90% indicates that Antero Resources Corp has been operating with healthy profit margins, but management should continue to monitor cost efficiencies to sustain profitability in the long term.