Antero Resources Corp (AR)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 453,130 | 1,241,112 | 1,959,540 | 3,109,996 | 2,573,907 | 2,887,421 | 1,429,187 | -275,283 | 23,856 | -1,087,333 | -1,157,368 | -1,121,340 | -953,447 | -1,166,054 | -1,397,823 | -690,905 | -987,045 | -966,219 | 24,463 | -108,296 |
| 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 |
| Operating profit margin | 9.68% | 22.27% | 30.09% | 40.08% | 36.06% | 38.77% | 24.16% | -6.55% | 0.52% | -30.77% | -34.23% | -33.19% | -27.31% | -37.19% | -36.09% | -14.74% | -22.39% | -21.46% | 0.55% | -2.61% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $453,130K ÷ $4,681,975K
= 9.68%
The operating profit margin of Antero Resources Corp has displayed some variability in recent quarters. In Q1 2022, the company experienced a negative operating profit margin of -2.75%, which indicates that its operating expenses exceeded its operating revenue during that period. However, this was followed by a significant improvement in subsequent quarters, with a notable increase to 27.13% in Q2 2022 and further improvement to 41.44% in Q3 2022.
The trend continued positively in Q4 2022, reaching 39.53%. This upward trajectory peaked in Q1 2023, where the operating profit margin was recorded at an impressive 43.54%. However, in the most recent quarter, Q4 2023, there was a notable decline in the operating profit margin to 11.89%.
Overall, while Antero Resources Corp has shown fluctuations in its operating profit margin over the analyzed periods, it has demonstrated the ability to achieve substantial profitability in several quarters. It is essential for the company to closely monitor and manage its operating expenses and revenue generation to ensure sustainable and consistent profitability in the future.
Peer comparison
Dec 31, 2023