• Arc Resources average gross margin for 2023 was 62.04%, a 1.8% decline from 2022.
• Arc Resources average gross margin for 2022 was 63.18%, a 0.91% decline from 2021.
• Arc Resources average gross margin for 2021 was 63.76%, a 8.79% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.