• Arc Resources average return on tangible equity for 2023 was 33.91, a 18.77% decline from 2022.
• Arc Resources average return on tangible equity for 2022 was 28.55, a 248.6% increase from 2021.
• Arc Resources average return on tangible equity for 2021 was 8.19, a 137.66% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.