• Antero Resources average return on tangible equity for 2023 was 17.05, a 7.74% decline from 2022.
• Antero Resources average return on tangible equity for 2022 was 18.48, a 240.11% decline from 2021.
• Antero Resources average return on tangible equity for 2021 was -13.19, a 48.46% decline 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.