• Antero Resources average return on tangible equity for 2023 was 17.49, a 5.87% decline from 2022.
• Antero Resources average return on tangible equity for 2022 was 18.58, a 240.86% 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.