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ANTERO RESOURCES Corp（AR）与BKV Corp（BKV）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BKV Corp的5.5倍（$1.4B vs $255.9M）。BKV Corp净利率更高（27.5% vs 14.4%，领先13.1%）
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。
BKV Corp是一家北美独立能源企业，专注于天然气的可持续勘探、生产与配送，核心运营资产位于阿巴拉契亚盆地，服务区域内公用事业、工业及商业客户，同时投资碳捕获等低碳技术以降低运营排放。
AR vs BKV — 直观对比
营收规模更大
AR
是对方的5.5倍
$255.9M
净利率更高
BKV
高出13.1%
14.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $255.9M |
| 净利润 | $202.9M | $70.4M |
| 毛利率 | — | — |
| 营业利润率 | 20.5% | 39.3% |
| 净利率 | 14.4% | 27.5% |
| 营收同比 | 20.8% | — |
| 净利润同比 | 27.8% | — |
| 每股收益（稀释后） | $0.63 | $0.78 |
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ARBKV
| Q4 25 | $1.4B | $255.9M | ||
| Q3 25 | $1.2B | $199.8M | ||
| Q2 25 | $1.3B | $207.1M | ||
| Q1 25 | $1.4B | $231.0M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.1B | $133.5M | ||
| Q2 24 | $978.7M | — | ||
| Q1 24 | $1.1B | — |
净利润ARBKV
| Q4 25 | $202.9M | $70.4M | ||
| Q3 25 | $85.6M | $76.8M | ||
| Q2 25 | $166.6M | $104.6M | ||
| Q1 25 | $219.5M | $-78.7M | ||
| Q4 24 | $158.8M | — | ||
| Q3 24 | $-25.2M | $12.9M | ||
| Q2 24 | $-74.6M | — | ||
| Q1 24 | $34.7M | — |
营业利润率ARBKV
| Q4 25 | 20.5% | 39.3% | ||
| Q3 25 | 9.7% | 41.2% | ||
| Q2 25 | 15.8% | 62.0% | ||
| Q1 25 | 20.1% | -40.6% | ||
| Q4 24 | 4.9% | — | ||
| Q3 24 | -2.4% | -15.7% | ||
| Q2 24 | -8.2% | — | ||
| Q1 24 | 4.3% | — |
净利率ARBKV
| Q4 25 | 14.4% | 27.5% | ||
| Q3 25 | 7.1% | 38.5% | ||
| Q2 25 | 12.8% | 50.5% | ||
| Q1 25 | 16.2% | -34.1% | ||
| Q4 24 | 13.6% | — | ||
| Q3 24 | -2.4% | 9.6% | ||
| Q2 24 | -7.6% | — | ||
| Q1 24 | 3.1% | — |
每股收益（稀释后）ARBKV
| Q4 25 | $0.63 | $0.78 | ||
| Q3 25 | $0.24 | $0.90 | ||
| Q2 25 | $0.50 | $1.23 | ||
| Q1 25 | $0.66 | $-0.93 | ||
| Q4 24 | $0.48 | — | ||
| Q3 24 | $-0.11 | $0.18 | ||
| Q2 24 | $-0.26 | — | ||
| Q1 24 | $0.07 | — |
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 | — | $199.4M |
| 总债务越低越好 | — | $486.8M |
| 股东权益账面价值 | $7.6B | $2.0B |
| 总资产 | $13.2B | $3.1B |
| 负债/权益比越低杠杆越低 | — | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资ARBKV
| Q4 25 | — | $199.4M | ||
| Q3 25 | — | $83.1M | ||
| Q2 25 | — | $21.4M | ||
| Q1 25 | — | $15.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $31.3M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务ARBKV
| Q4 25 | — | $486.8M | ||
| Q3 25 | — | $486.6M | ||
| Q2 25 | — | $200.0M | ||
| Q1 25 | — | $200.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $190.0M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ARBKV
| Q4 25 | $7.6B | $2.0B | ||
| Q3 25 | $7.3B | $1.8B | ||
| Q2 25 | $7.3B | $1.6B | ||
| Q1 25 | $7.2B | $1.5B | ||
| Q4 24 | $7.0B | — | ||
| Q3 24 | $7.0B | $1.6B | ||
| Q2 24 | $7.0B | — | ||
| Q1 24 | $7.1B | — |
总资产ARBKV
| Q4 25 | $13.2B | $3.1B | ||
| Q3 25 | $12.9B | $2.9B | ||
| Q2 25 | $12.8B | $2.3B | ||
| Q1 25 | $13.0B | $2.3B | ||
| Q4 24 | $13.0B | — | ||
| Q3 24 | $13.2B | $2.3B | ||
| Q2 24 | $13.4B | — | ||
| Q1 24 | $13.5B | — |
负债/权益比ARBKV
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $69.4M |
| 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× | 0.99× |
| 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ARBKV
| Q4 25 | $370.7M | $69.4M | ||
| Q3 25 | $310.1M | $74.5M | ||
| Q2 25 | $492.4M | $76.2M | ||
| Q1 25 | $457.7M | $22.6M | ||
| Q4 24 | $278.0M | — | ||
| Q3 24 | $166.2M | — | ||
| Q2 24 | $143.5M | — | ||
| Q1 24 | $261.6M | — |
自由现金流ARBKV
| Q4 25 | — | — | ||
| Q3 25 | — | $-126.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率ARBKV
| Q4 25 | — | — | ||
| Q3 25 | — | -63.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度ARBKV
| Q4 25 | — | — | ||
| Q3 25 | — | 100.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率ARBKV
| Q4 25 | 1.83× | 0.99× | ||
| Q3 25 | 3.62× | 0.97× | ||
| Q2 25 | 2.96× | 0.73× | ||
| Q1 25 | 2.09× | — | ||
| Q4 24 | 1.75× | — | ||
| Q3 24 | — | — | ||
| 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% |
BKV
| Natural Gas NGL And Oil | $249.3M | 97% |
| Related Party And Other | $4.7M | 2% |
| Marketing | $2.8M | 1% |
