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ANTERO RESOURCES Corp（AR）与CIVITAS RESOURCES, INC.（CIVI）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CIVITAS RESOURCES, INC.的1.2倍（$1.4B vs $1.2B），ANTERO RESOURCES Corp同比增速更快（20.8% vs -8.2%），过去两年ANTERO RESOURCES Corp的营收复合增速更高（12.2% vs 1.8%）
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。
Civitas Resources是一家总部位于美国的可持续能源企业，主要从事石油、天然气及天然气凝液的勘探、开发与生产业务，核心运营区域位于科罗拉多州丹佛-朱尔斯堡盆地，专注于低排放的负责任能源开发，服务北美能源市场需求。
AR vs CIVI — 直观对比
营收规模更大
AR
是对方的1.2倍
$1.2B
营收增速更快
AR
高出29.0%
-8.2%
两年增速更快
AR
近两年复合增速
1.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.2B |
| 净利润 | $202.9M | — |
| 毛利率 | — | — |
| 营业利润率 | 20.5% | 20.0% |
| 净利率 | 14.4% | — |
| 营收同比 | 20.8% | -8.2% |
| 净利润同比 | 27.8% | — |
| 每股收益（稀释后） | $0.63 | $1.99 |
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ARCIVI
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.4B | $1.2B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | $978.7M | $1.3B | ||
| Q1 24 | $1.1B | $1.3B |
净利润ARCIVI
| Q4 25 | $202.9M | — | ||
| Q3 25 | $85.6M | — | ||
| Q2 25 | $166.6M | — | ||
| Q1 25 | $219.5M | — | ||
| Q4 24 | $158.8M | — | ||
| Q3 24 | $-25.2M | — | ||
| Q2 24 | $-74.6M | — | ||
| Q1 24 | $34.7M | — |
营业利润率ARCIVI
| Q4 25 | 20.5% | — | ||
| Q3 25 | 9.7% | 20.0% | ||
| Q2 25 | 15.8% | 15.3% | ||
| Q1 25 | 20.1% | 20.7% | ||
| Q4 24 | 4.9% | 15.4% | ||
| Q3 24 | -2.4% | 30.6% | ||
| Q2 24 | -8.2% | 21.6% | ||
| Q1 24 | 4.3% | 15.9% |
净利率ARCIVI
| Q4 25 | 14.4% | — | ||
| Q3 25 | 7.1% | — | ||
| Q2 25 | 12.8% | — | ||
| Q1 25 | 16.2% | — | ||
| Q4 24 | 13.6% | — | ||
| Q3 24 | -2.4% | — | ||
| Q2 24 | -7.6% | — | ||
| Q1 24 | 3.1% | — |
每股收益（稀释后）ARCIVI
| Q4 25 | $0.63 | — | ||
| Q3 25 | $0.24 | $1.99 | ||
| Q2 25 | $0.50 | $1.34 | ||
| Q1 25 | $0.66 | $1.99 | ||
| Q4 24 | $0.48 | $1.56 | ||
| Q3 24 | $-0.11 | $3.01 | ||
| Q2 24 | $-0.26 | $2.15 | ||
| Q1 24 | $0.07 | $1.74 |
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 | — | $56.0M |
| 总债务越低越好 | — | $5.1B |
| 股东权益账面价值 | $7.6B | $6.7B |
| 总资产 | $13.2B | $15.1B |
| 负债/权益比越低杠杆越低 | — | 0.77× |
8季度趋势，按日历期对齐
现金及短期投资ARCIVI
| Q4 25 | — | — | ||
| Q3 25 | — | $56.0M | ||
| Q2 25 | — | $69.0M | ||
| Q1 25 | — | $20.0M | ||
| Q4 24 | — | $76.0M | ||
| Q3 24 | — | $47.1M | ||
| Q2 24 | — | $91.9M | ||
| Q1 24 | — | $52.1M |
总债务ARCIVI
| Q4 25 | — | — | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | — | $5.4B | ||
| Q1 25 | — | $5.1B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | — | $4.8B | ||
| Q2 24 | — | $4.9B | ||
| Q1 24 | — | $4.4B |
股东权益ARCIVI
| Q4 25 | $7.6B | — | ||
| Q3 25 | $7.3B | $6.7B | ||
| Q2 25 | $7.3B | $6.8B | ||
| Q1 25 | $7.2B | $6.7B | ||
| Q4 24 | $7.0B | $6.6B | ||
| Q3 24 | $7.0B | $6.7B | ||
| Q2 24 | $7.0B | $6.6B | ||
| Q1 24 | $7.1B | $6.6B |
总资产ARCIVI
| Q4 25 | $13.2B | — | ||
| Q3 25 | $12.9B | $15.1B | ||
| Q2 25 | $12.8B | $15.4B | ||
| Q1 25 | $13.0B | $15.3B | ||
| Q4 24 | $13.0B | $14.9B | ||
| Q3 24 | $13.2B | $15.0B | ||
| Q2 24 | $13.4B | $15.0B | ||
| Q1 24 | $13.5B | $15.1B |
负债/权益比ARCIVI
| Q4 25 | — | — | ||
| Q3 25 | — | 0.77× | ||
| Q2 25 | — | 0.79× | ||
| Q1 25 | — | 0.76× | ||
| Q4 24 | — | 0.68× | ||
| Q3 24 | — | 0.73× | ||
| Q2 24 | — | 0.74× | ||
| Q1 24 | — | 0.67× |
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 | $860.0M |
| 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× | — |
| 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ARCIVI
| Q4 25 | $370.7M | — | ||
| Q3 25 | $310.1M | $860.0M | ||
| Q2 25 | $492.4M | $298.0M | ||
| Q1 25 | $457.7M | $719.0M | ||
| Q4 24 | $278.0M | $858.2M | ||
| Q3 24 | $166.2M | $835.0M | ||
| Q2 24 | $143.5M | $359.0M | ||
| Q1 24 | $261.6M | $813.0M |
现金转化率ARCIVI
| Q4 25 | 1.83× | — | ||
| Q3 25 | 3.62× | — | ||
| Q2 25 | 2.96× | — | ||
| 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% |
| Other | $97.3M | 7% |
| Natural Gas Liquids Sales Ethane | $96.1M | 7% |
| Oil And Condensate | $34.8M | 2% |
| Marketings | $31.7M | 2% |
CIVI
| Crude Oil Natural Gas And Natural Gas Liquids | $1.2B | 99% |
| Oil And Gas Operation And Maintenance | $8.0M | 1% |
| Natural Gas Reserves | $2.0M | 0% |
