Antero Resources Corp (AR)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 453,130 | 2,573,900 | 23,860 | -953,447 | -987,045 |
| Revenue | US$ in thousands | 4,681,970 | 7,138,440 | 4,619,430 | 3,491,700 | 4,408,690 |
| Operating profit margin | 9.68% | 36.06% | 0.52% | -27.31% | -22.39% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $453,130K ÷ $4,681,970K
= 9.68%
Antero Resources Corp's operating profit margin has displayed significant fluctuations over the past five years. In 2023, the company's operating profit margin stood at 11.89%, marking a notable decrease from the previous year's figure of 39.53%. This decline may indicate a decrease in operational efficiency or an increase in operating expenses relative to revenue for the period.
The operating profit margin in 2021 was relatively low at 4.19%, indicating tighter profit margins compared to 2020 when the company reported a negative margin of -22.27%. The negative margin in 2020 suggests that Antero Resources Corp's operating expenses exceeded its operating income, potentially due to adverse market conditions or company-specific challenges during that period.
In 2019, the operating profit margin improved to 4.45%, showing a modest increase in profitability compared to the prior year. It is essential for Antero Resources Corp to closely monitor and manage its operating expenses, revenue growth, and operational efficiency to sustain and improve its operating profit margin in the future.
Peer comparison
Dec 31, 2023