How do you interpret reportable legal entities — derivative assets noncurrent?

An increase suggests the company has secured favorable long-term pricing for its future production, reducing long-term revenue risk.

How does reportable legal entities — derivative assets noncurrent compare across companies?

Standard for E&P firms with multi-year hedging programs; peers vary based on the duration of their hedge books.

Antero Resources AR Reportable Legal Entities — Derivative Assets Noncurrent

Discontinued — last reported Q2 '18

Similar metrics at other companies

MOHReportable Legal Entities — Derivative Assets Noncurrent

$181M—

WMGReportable Legal Entities — Derivative Assets Noncurrent

$97M+4,750%

MOHReportable Legal Entities — Derivative Assets Current

$585M—

GSATReportable Legal Entities — Derivative Liabilities Noncurrent

$119.04M-57.2%

MOHReportable Legal Entities — Derivative Liabilities Noncurrent

$181M—

MOHReportable Legal Entities — Derivative Liabilities Current

$585M—

Other financials

Income statement

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Revenue$1.9B+43.8%

Operating income$729.5M+169%

Net income$548.2M+150%

EPS (diluted)$1.72+161%

Balance sheet

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Cash & equivalents$4.5M—

Total debt$4.8B+24.8%

Total equity$8.1B+11.7%

Total assets$15.3B+17.6%

Cash flow

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Operating cash flow$859.1M+87.7%

CapEx$4.6M+666%

Free cash flow$854.4M+86.9%

Valuation

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Market cap$10.29B+4.1%

P/E10.3×-25.3×

P/S1.8×-0.4×

Profitability

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Operating margin22.9%+17.9pp

Net margin17.1%+11.0pp

FCF margin34.5%+11.6pp

Returns & leverage

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Return on equity13.1%+9.2pp

Debt / equity0.6×+0.1×

Current ratio0.4×0.0×

Where this comes from

Reported directly by Antero Resources in its filing.

Tagged under the XBRL concept us-gaap:DerivativeAssetsNoncurrent.

The official record: Antero Resources’s 10-Q, filed August 1, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does reportable legal entities — derivative assets noncurrent mean?: The long-term market value of profitable hedging contracts extending beyond one year.
How do you interpret reportable legal entities — derivative assets noncurrent?: An increase suggests the company has secured favorable long-term pricing for its future production, reducing long-term revenue risk.
How does reportable legal entities — derivative assets noncurrent compare across companies?: Standard for E&P firms with multi-year hedging programs; peers vary based on the duration of their hedge books.