Antero Resources Corp (AR)

Return on equity (ROE)

		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
Net income (ttm)	US$ in thousands	57,226	45,002	83,254	65,833	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
Total stockholders’ equity	US$ in thousands	7,021,650	6,979,960	6,985,010	7,050,850	6,901,520	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
ROE		0.81%	0.64%	1.19%	0.93%	3.52%	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%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $57,226K ÷ $7,021,650K
= 0.81%

Antero Resources Corp experienced a notable improvement in its return on equity (ROE) over the period from March 2022 to December 2024. The ROE, which was negative in the earlier periods, started to show positive trends by June 2022.

The ROE increased from 16.00% in June 2022 to peak at 32.82% in March 2023. This significant growth in ROE reflects the company's enhanced financial performance and efficient utilization of its equity base to generate profits for shareholders.

Subsequently, the ROE fluctuated between 20.81% and 0.64% from June 2023 to September 2024. Despite some variability, the company managed to maintain positive ROE levels, indicating its ability to generate profits relative to shareholders' equity.

Overall, the upward trend in ROE from negative levels to positive values demonstrates Antero Resources Corp's progress in enhancing its profitability and efficiency in utilizing shareholder equity to drive returns.