Antero Resources Corp (AR)

Gross profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	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	3,079,907	3,172,819	4,147,057	3,940,153
Revenue (ttm)	US$ in thousands	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	4,408,688	4,501,600	4,459,250	4,148,934
Gross profit margin		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%	69.86%	70.48%	93.00%	94.97%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,402,910K ÷ $4,681,975K
= 94.04%

Based on the data provided, Antero Resources Corp has maintained a consistent gross profit margin of 100% across all quarters in the years 2022 and 2023. This high level of gross profit margin indicates that the company is effectively managing its production costs relative to its revenue from sales. A gross profit margin of 100% suggests that the company is able to sell its products at a price significantly higher than the cost of producing them, resulting in a strong profitability metric. Furthermore, the stability of the gross profit margin over multiple quarters indicates a certain level of operational efficiency and pricing power within the company's industry.