Antero Resources Corp (AR)

Operating return on assets (Operating ROA)

		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
Operating income (ttm)	US$ in thousands	460	152,112	213,747	186,800	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
Total assets	US$ in thousands	13,010,000	13,223,600	13,415,800	13,548,500	13,517,200	13,736,600	13,766,800	13,871,100	14,118,000	14,413,400	14,212,700	13,803,500	13,896,500	13,471,500	12,848,300	13,000,400	13,150,800	13,349,700	13,744,000	14,525,800
Operating ROA		0.00%	1.15%	1.59%	1.38%	3.35%	9.04%	14.23%	22.42%	18.23%	20.03%	10.06%	-1.99%	0.17%	-8.07%	-9.01%	-8.63%	-7.25%	-8.73%	-10.17%	-4.76%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $460K ÷ $13,010,000K
= 0.00%

The operating return on assets (Operating ROA) of Antero Resources Corp has shown a fluctuating trend over the period from March 31, 2020, to December 31, 2024. The company's Operating ROA started with negative values in 2020, indicating inefficient utilization of assets to generate operating income. However, there was a gradual improvement in the Operating ROA from negative percentages in 2020 and early 2021 to positive values by the end of 2021.

The positive trend continued into 2022 and 2023, with significant improvements in the Operating ROA reaching double-digit percentages by mid-2022. This suggests that the company was able to generate higher operating income relative to its assets during this period. However, there was a slight decline in the Operating ROA in the latter half of 2023 and into 2024, although it remained positive.

Overall, the increasing trend in Operating ROA from negative values to positive values indicates that Antero Resources Corp made improvements in utilizing its assets efficiently to generate operating income. The positive Operating ROA values in the latter part of the period indicate that the company was able to generate operating income exceeding the value of its assets, which is a favorable sign for the company's operational performance.