Antero Resources Corp (AR)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	242,919	1,898,770	-186,899	-1,267,900	-340,129
Total stockholders’ equity	US$ in thousands	6,981,400	6,754,560	5,757,160	5,767,700	6,970,740
ROE		3.48%	28.11%	-3.25%	-21.98%	-4.88%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $242,919K ÷ $6,981,400K
= 3.48%

The return on equity (ROE) for Antero Resources Corp has fluctuated significantly over the past five years. In 2023, the ROE was 3.48%, indicating a relatively lower profitability compared to the previous year. The substantial drop from 2022's ROE of 28.11% to 2023 suggests a decline in the company's ability to generate profits relative to shareholders' equity.

In 2021, the ROE was negative at -3.25%, indicating that the company's net income was insufficient to cover the shareholder's equity, reflecting potential financial difficulties or inefficiencies during that period. The negative ROE in 2020 and 2019 at -21.98% and -4.88%, respectively, also suggests poor financial performance during those years.

The fluctuating ROE trends of Antero Resources Corp over the past five years indicate varying levels of profitability and efficiency in utilizing shareholders' equity to generate returns. It would be important to investigate the reasons behind these fluctuations to assess the company's financial health and sustainability.