Antero Resources Corp (AR)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 318,913 | 2,347,460 | -260,976 | -1,665,380 | -414,239 |
| Revenue | US$ in thousands | 4,681,970 | 7,138,440 | 4,619,430 | 3,491,700 | 4,408,690 |
| Pretax margin | 6.81% | 32.88% | -5.65% | -47.70% | -9.40% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $318,913K ÷ $4,681,970K
= 6.81%
Antero Resources Corp's pretax margin has exhibited significant fluctuations over the past five years. In 2023, the company's pretax margin stood at 8.92%, representing a decrease from the previous year's level of 34.67%. The positive pretax margin indicates that Antero Resources Corp generated profits before taking into account taxes and expenses, although at a lower rate compared to the previous year.
In 2021, the company experienced a negative pretax margin of -4.94%, signifying that expenses and taxes exceeded the operating income. This negative performance improved compared to 2020, where the pretax margin was significantly lower at -47.48%. However, in 2019, the company also recorded a negative pretax margin of -8.34%.
Overall, the fluctuation in Antero Resources Corp's pretax margin over the years indicates variability in its profitability and operational efficiency. The company may need to focus on cost management and revenue generation strategies to improve its financial performance in the future.
Peer comparison
Dec 31, 2023