How do you interpret reportable legal entities — derivative liabilities current?

An increase indicates that market prices have moved against the company's hedge positions, potentially requiring cash settlement.

How does reportable legal entities — derivative liabilities current compare across companies?

Standard liability metric for commodity producers; peers report these based on mark-to-market valuations.

Antero Resources AR Reportable Legal Entities — Derivative Liabilities Current

Discontinued — last reported Q2 '18

Similar metrics at other companies

MOHReportable Legal Entities — Derivative Liabilities Current

$585M—

MOHReportable Legal Entities — Derivative Liabilities Noncurrent

$181M—

MOHReportable Legal Entities — Derivative Assets Noncurrent

$181M—

GSATReportable Legal Entities — Derivative Liabilities Current

$5K—

MOHReportable Legal Entities — Derivative Assets Current

$585M—

GSATReportable Legal Entities — Derivative Liabilities Noncurrent

$119.04M-57.2%

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:DerivativeLiabilitiesCurrent.

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 liabilities current mean?: The current market value of hedging contracts that are currently 'out of the money' and due within one year.
How do you interpret reportable legal entities — derivative liabilities current?: An increase indicates that market prices have moved against the company's hedge positions, potentially requiring cash settlement.
How does reportable legal entities — derivative liabilities current compare across companies?: Standard liability metric for commodity producers; peers report these based on mark-to-market valuations.