• Antero Resources average gross margin for 2023 was 43.46%, a 9.39% decline from 2022.
• Antero Resources average gross margin for 2022 was 39.73%, a 609.46% increase from 2021.
• Antero Resources average gross margin for 2021 was 5.6%, a 65.92% increase 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.