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Antero Resources Corp  (NYSE:AR) Gross Profit: $1,187 Mil (TTM As of Mar. 2019)

Antero Resources Corp's gross profit for the three months ended in Mar. 2019 was $281 Mil. Antero Resources Corp's gross profit for the trailing twelve months (TTM) ended in Mar. 2019 was $1,187 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Antero Resources Corp's gross profit for the three months ended in Mar. 2019 was $281 Mil. Antero Resources Corp's Revenue for the three months ended in Mar. 2019 was $1,023 Mil. Therefore, Antero Resources Corp's Gross Margin % for the quarter that ended in Mar. 2019 was 27.49%.

Antero Resources Corp had a gross margin of 27.49% for the quarter that ended in Mar. 2019 => Competition eroding margins

During the past 9 years, the highest Gross Margin % of Antero Resources Corp was 60.52%. The lowest was -6.18%. And the median was 32.95%.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Antero Resources Corp Annual Data

Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Gross Profit Premium Member Only Premium Member Only Premium Member Only Premium Member Only 702.26 -86.33 -41.37 656.81 1,099.79

Antero Resources Corp Quarterly Data

Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
Gross Profit Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 194.31 172.03 293.48 439.97 281.34

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


Antero Resources Corp Distribution

* The bar in red indicates where Antero Resources Corp's Gross Profit falls into.



Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Antero Resources Corp's Gross Profit for the fiscal year that ended in Dec. 2018 is calculated as

Gross Profit (A: Dec. 2018 )=Revenue - Cost of Goods Sold
=3674.238 - 2574.45
=1,100

Antero Resources Corp's Gross Profit for the quarter that ended in Mar. 2019 is calculated as

Gross Profit (Q: Mar. 2019 )=Revenue - Cost of Goods Sold
=1023.482 - 742.14
=281

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2019 was 172.025 (Jun. 2018 ) + 293.48 (Sep. 2018 ) + 439.968 (Dec. 2018 ) + 281.342 (Mar. 2019 ) = $1,187 Mil.

Gross Profit is the numerator in the calculation of Gross Margin:

Antero Resources Corp's Gross Margin % for the quarter that ended in Mar. 2019 is calculated as

Gross Margin % (Q: Mar. 2019 )=Gross Profit (Q: Mar. 2019 ) / Revenue (Q: Mar. 2019 )
=(Revenue - Cost of Goods Sold) / Revenue
=281 / 1023.482
=27.49 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Antero Resources Corp had a gross margin of 27.49% for the quarter that ended in Mar. 2019 => Competition eroding margins


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