Antero Resources Corp (AR)
Pretax margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -60,959 | 72,894 | 123,597 | 89,677 | 318,913 | 1,064,854 | 1,728,965 | 2,832,588 | 2,347,463 | 2,641,657 | 1,238,101 | -452,038 | -260,972 | -1,332,337 | -1,328,754 | -1,235,029 | -1,665,379 | -2,348,532 | -2,795,631 | -2,130,506 |
| Revenue (ttm) | US$ in thousands | 4,325,594 | 4,350,984 | 4,421,244 | 4,395,895 | 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 |
| Pretax margin | -1.41% | 1.68% | 2.80% | 2.04% | 6.81% | 19.11% | 26.55% | 36.50% | 32.88% | 35.47% | 20.93% | -10.76% | -5.65% | -37.70% | -39.30% | -36.55% | -47.70% | -74.91% | -72.17% | -45.44% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-60,959K ÷ $4,325,594K
= -1.41%
Antero Resources Corp's pretax margin has shown a volatile trend over the past few years. The company experienced significant negative margins in the earlier periods, with values as low as -74.91% in September 2020. This indicates that the company's operating expenses and costs were high relative to its revenues before tax.
However, there has been a gradual improvement in the pretax margin from December 2021 onwards. The margin turned positive in June 2022, indicating that Antero Resources Corp's operational efficiency and cost management have improved. The pretax margin continued to increase steadily, reaching 36.50% by March 2023.
Although there was a slight dip in the pretax margin in June and September 2023, the company managed to maintain a positive margin during this period. By December 2023, the pretax margin decreased to 6.81%, showing some volatility in the company's financial performance.
In the most recent periods, Antero Resources Corp experienced a decline in the pretax margin, dropping to 1.68% in September 2024 and turning negative again at -1.41% by December 2024. This suggests that the company may be facing challenges in maintaining profitability, and it is important to monitor its cost structure and revenue generation closely in the future.
Peer comparison
Dec 31, 2024