Antero Resources Corp (AR)

Return on equity (ROE)

		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
Net income (ttm)	US$ in thousands	242,919	878,451	1,420,402	2,268,621	1,898,771	2,069,860	960,783	-327,819	-186,899	-1,018,454	-1,004,749	-944,586	-1,267,897	-1,819,923	-2,163,174	-1,657,702	-340,129	20,521	744,966	566,413
Total stockholders’ equity	US$ in thousands	6,981,400	6,862,080	6,825,890	6,911,360	6,754,560	6,211,480	6,003,610	5,473,790	5,757,160	4,850,300	5,397,460	5,874,690	5,767,700	5,668,130	6,136,160	6,592,540	6,970,740	7,446,700	8,339,700	8,292,800
ROE		3.48%	12.80%	20.81%	32.82%	28.11%	33.32%	16.00%	-5.99%	-3.25%	-21.00%	-18.62%	-16.08%	-21.98%	-32.11%	-35.25%	-25.15%	-4.88%	0.28%	8.93%	6.83%

December 31, 2023 calculation

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

Antero Resources Corp's return on equity (ROE) has exhibited fluctuations over the past eight quarters, ranging from a low of -5.99% in Q1 2022 to a high of 32.82% in Q1 2023. The company's ROE significantly increased from negative territory in Q1 2022 to double-digit percentages in subsequent quarters, peaking at 32.82% in Q1 2023. However, in the most recent quarter, Q4 2023, the ROE declined to 3.48%.

The varying ROE figures indicate that Antero Resources Corp's profitability and efficiency in generating returns for shareholders have not been consistent. Management should continue monitoring and analyzing the factors influencing ROE to identify opportunities for improvement and sustainable growth. Investors may consider assessing the company's strategic decisions and operational performance to gauge the firm's ability to deliver satisfactory returns on shareholder equity in the future.