Antero Resources (Antero Resources) COGS-to-Revenue : 0.82 (As of Dec. 2023)

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What is Antero Resources COGS-to-Revenue?

Antero Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was $904 Mil. Its Revenue for the three months ended in Dec. 2023 was $1,107 Mil.

Antero Resources's COGS to Revenue for the three months ended in Dec. 2023 was 0.82.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Antero Resources's Gross Margin % for the three months ended in Dec. 2023 was 18.35%.

Antero Resources COGS-to-Revenue Historical Data

The historical data trend for Antero Resources's COGS-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Antero Resources COGS-to-Revenue Chart

Antero Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.91

1.17

0.61

0.44

0.84

Antero Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.50	0.73	1.01	0.86	0.82

Antero Resources COGS-to-Revenue Calculation

Antero Resources's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3609.62	/	4278.974
	=	0.84

Antero Resources's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	904.095	/	1107.311
	=	0.82

Antero Resources (NYSE:AR) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Antero Resources's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	904.095 / 1107.311
	=	18.35 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Antero Resources COGS-to-Revenue Related Terms

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Antero Resources (Antero Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Antero Resources Corp (NYSE:AR) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

7A6:Germany 7A6:Germany

Address

1615 Wynkoop Street, Denver, CO, USA, 80202

Website

https://www.anteroresources.com

Antero Resources, based in Denver, engages in the exploration for and production of natural gas and natural gas liquids in the United States and Canada. At the end of 2022, the company reported proven reserves of 17.8 trillion cubic feet of natural gas equivalent. Production averaged approximately 3,205 million cubic feet of equivalent a day in 2022 at a ratio of 32% liquids and 68% natural gas.

Executives

Sheri Pearce	officer: See Remarks	1615 WYNKOOP ST., DENVER CO 80202
Michael N. Kennedy	officer: Senior Vice President Finance	707 - 17TH STREET, SUITE 3600, DENVER CO 80202
Keenan W Howard Jr	director	410 PARK AVENUE, 20TH FLOOR, NEW YORK NY 10022
Robert J Clark	director	1401 17TH STREET, SUITE 1200, DENVER CO 80202
W Patrick Ash	officer: See Remarks	400 N. SAM HOUSTON PARKWAY E. SUITE 1200, HOUSTON TX 77060
Yvette K Schultz	officer: See Remarks.	1615 WYNKOOP STREET, DENVER CO 80202
Brenda R Schroer	director	600 W. ILLINOIS AVENUE, ONE CONCHO CENTER, MIDLAND TX 79701
Jacqueline C Mutschler	director	2000 ST. JAMES PLACE, HOUSTON TX 77056
Vicky Sutil	director	10889 WILSHIRE BLVD., LOS ANGELES CA 90024
Tyree Thomas B Jr	director	410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Warburg Pincus Llc	10 percent owner	450 LEXINGTON AVENUE, NEW YORK NY 10017
James R. Levy	director	C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Warburg Pincus Private Equity X O&g, L.p.	director, 10 percent owner	C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Peter Kagan	director	C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Paul M Rady	director, officer: See Remarks	1625 17TH STREET, DENVER CO 80202