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ANTERO RESOURCES Corp（AR）与BATTALION OIL CORP（BATL）财务数据对比。点击上方公司名可切换其他公司
ANTERO RESOURCES Corp的季度营收约是BATTALION OIL CORP的44.7倍（$1.4B vs $31.6M）。ANTERO RESOURCES Corp净利率更高（14.4% vs 5.7%，领先8.7%）。ANTERO RESOURCES Corp同比增速更快（20.8% vs -36.1%）。过去两年ANTERO RESOURCES Corp的营收复合增速更高（12.2% vs -20.1%）
Antero Resources Corporation是一家美国油气勘探企业，注册地为特拉华州，总部设于科罗拉多州丹佛市。公司全部油气储量均位于阿巴拉契亚盆地，采用水力压裂技术开展开采作业，深耕北美本土油气资源开发领域。
巴塔利昂石油公司是一家独立能源企业，核心业务为原油、天然气及天然气凝析液的勘探、开发与生产，主要运营资产位于美国得克萨斯州南部的伊格尔福特页岩区，服务北美能源市场的商业及工业客户。
AR vs BATL — 直观对比
营收规模更大
AR
是对方的44.7倍
$31.6M
营收增速更快
AR
高出56.9%
-36.1%
净利率更高
AR
高出8.7%
5.7%
两年增速更快
AR
近两年复合增速
-20.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $31.6M |
| 净利润 | $202.9M | $1.8M |
| 毛利率 | — | — |
| 营业利润率 | 20.5% | -33.8% |
| 净利率 | 14.4% | 5.7% |
| 营收同比 | 20.8% | -36.1% |
| 净利润同比 | 27.8% | 108.1% |
| 每股收益（稀释后） | $0.63 | $-0.77 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ARBATL
| Q4 25 | $1.4B | $31.6M | ||
| Q3 25 | $1.2B | $43.4M | ||
| Q2 25 | $1.3B | $42.6M | ||
| Q1 25 | $1.4B | $47.4M | ||
| Q4 24 | $1.2B | $49.5M | ||
| Q3 24 | $1.1B | $45.1M | ||
| Q2 24 | $978.7M | $49.1M | ||
| Q1 24 | $1.1B | $49.5M |
净利润ARBATL
| Q4 25 | $202.9M | $1.8M | ||
| Q3 25 | $85.6M | $-735.0K | ||
| Q2 25 | $166.6M | $4.8M | ||
| Q1 25 | $219.5M | $6.0M | ||
| Q4 24 | $158.8M | $-22.2M | ||
| Q3 24 | $-25.2M | $21.6M | ||
| Q2 24 | $-74.6M | $-105.0K | ||
| Q1 24 | $34.7M | $-31.2M |
营业利润率ARBATL
| Q4 25 | 20.5% | -33.8% | ||
| Q3 25 | 9.7% | 1.9% | ||
| Q2 25 | 15.8% | -0.4% | ||
| Q1 25 | 20.1% | 7.2% | ||
| Q4 24 | 4.9% | -36.2% | ||
| Q3 24 | -2.4% | 2.3% | ||
| Q2 24 | -8.2% | 10.4% | ||
| Q1 24 | 4.3% | 0.0% |
净利率ARBATL
| Q4 25 | 14.4% | 5.7% | ||
| Q3 25 | 7.1% | -1.7% | ||
| Q2 25 | 12.8% | 11.3% | ||
| Q1 25 | 16.2% | 12.7% | ||
| Q4 24 | 13.6% | -44.9% | ||
| Q3 24 | -2.4% | 48.0% | ||
| Q2 24 | -7.6% | -0.2% | ||
| Q1 24 | 3.1% | -63.0% |
每股收益（稀释后）ARBATL
| Q4 25 | $0.63 | $-0.77 | ||
| Q3 25 | $0.24 | $-0.91 | ||
| Q2 25 | $0.50 | $-0.21 | ||
| Q1 25 | $0.66 | $-0.35 | ||
| Q4 24 | $0.48 | $-1.47 | ||
| Q3 24 | $-0.11 | $0.34 | ||
| Q2 24 | $-0.26 | $-0.53 | ||
| Q1 24 | $0.07 | $-2.24 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $28.0M |
| 总债务越低越好 | — | $208.1M |
| 股东权益账面价值 | $7.6B | $-32.8M |
| 总资产 | $13.2B | $460.7M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ARBATL
| Q4 25 | — | $28.0M | ||
| Q3 25 | — | $50.5M | ||
| Q2 25 | — | $44.6M | ||
| Q1 25 | — | $73.6M | ||
| Q4 24 | — | $19.7M | ||
| Q3 24 | — | $29.8M | ||
| Q2 24 | — | $54.4M | ||
| Q1 24 | — | $48.9M |
总债务ARBATL
| Q4 25 | — | $208.1M | ||
| Q3 25 | — | $213.8M | ||
| Q2 25 | — | $219.4M | ||
| Q1 25 | — | $225.1M | ||
| Q4 24 | — | $162.1M | ||
| Q3 24 | — | $147.8M | ||
| Q2 24 | — | $160.4M | ||
| Q1 24 | — | $190.2M |
股东权益ARBATL
| Q4 25 | $7.6B | $-32.8M | ||
| Q3 25 | $7.3B | $-20.3M | ||
| Q2 25 | $7.3B | $-5.2M | ||
| Q1 25 | $7.2B | $-1.8M | ||
| Q4 24 | $7.0B | $4.1M | ||
| Q3 24 | $7.0B | $35.0M | ||
| Q2 24 | $7.0B | $22.7M | ||
| Q1 24 | $7.1B | $31.3M |
总资产ARBATL
| Q4 25 | $13.2B | $460.7M | ||
| Q3 25 | $12.9B | $491.7M | ||
| Q2 25 | $12.8B | $498.8M | ||
| Q1 25 | $13.0B | $506.2M | ||
| Q4 24 | $13.0B | $431.0M | ||
| Q3 24 | $13.2B | $458.0M | ||
| Q2 24 | $13.4B | $487.3M | ||
| Q1 24 | $13.5B | $488.6M |
负债/权益比ARBATL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 39.35× | ||
| Q3 24 | — | 4.23× | ||
| Q2 24 | — | 7.07× | ||
| Q1 24 | — | 6.07× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $370.7M | $-11.8M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.83× | -6.58× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ARBATL
| Q4 25 | $370.7M | $-11.8M | ||
| Q3 25 | $310.1M | $28.0M | ||
| Q2 25 | $492.4M | $10.2M | ||
| Q1 25 | $457.7M | $12.7M | ||
| Q4 24 | $278.0M | $6.7M | ||
| Q3 24 | $166.2M | $-5.1M | ||
| Q2 24 | $143.5M | $29.8M | ||
| Q1 24 | $261.6M | $3.9M |
现金转化率ARBATL
| Q4 25 | 1.83× | -6.58× | ||
| Q3 25 | 3.62× | — | ||
| Q2 25 | 2.96× | 2.13× | ||
| Q1 25 | 2.09× | 2.11× | ||
| Q4 24 | 1.75× | — | ||
| Q3 24 | — | -0.23× | ||
| Q2 24 | — | — | ||
| Q1 24 | 7.55× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AR
| Natural Gas Production | $773.6M | 55% |
| Natural Gas Liquids Sales C3Ngls | $378.1M | 27% |
| Natural Gas Liquids Sales Ethane | $96.1M | 7% |
| Other | $90.9M | 6% |
| Oil And Condensate | $34.8M | 2% |
| Marketings | $31.7M | 2% |
| Amortization Of Deferred Revenue Vpp | $6.4M | 0% |
BATL
| Oil | $28.6M | 91% |
| Natural Gas Liquids Reserves | $3.9M | 12% |
