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ANTERO RESOURCES Corp（AR）与PAR PACIFIC HOLDINGS, INC.（PARR）财务数据对比。点击上方公司名可切换其他公司
PAR PACIFIC HOLDINGS, INC.的季度营收约是ANTERO RESOURCES Corp的1.3倍（$1.8B vs $1.4B），ANTERO RESOURCES Corp净利率更高（14.4% vs 4.3%，领先10.1%），ANTERO RESOURCES Corp同比增速更快（20.8% vs -1.0%），过去两年ANTERO RESOURCES Corp的营收复合增速更高（12.2% vs -4.3%）
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。
Par Pacific Holdings是总部位于美国休斯顿的油气勘探生产企业，曾在破产重组后以Par Petroleum Corporation为名运营，2015年10月20日正式更名为现名，2017年入选《财富》美国1000强企业。
AR vs PARR — 直观对比
营收规模更大
PARR
是对方的1.3倍
$1.4B
营收增速更快
AR
高出21.8%
-1.0%
净利率更高
AR
高出10.1%
4.3%
两年增速更快
AR
近两年复合增速
-4.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.8B |
| 净利润 | $202.9M | $77.7M |
| 毛利率 | — | — |
| 营业利润率 | 20.5% | 5.5% |
| 净利率 | 14.4% | 4.3% |
| 营收同比 | 20.8% | -1.0% |
| 净利润同比 | 27.8% | 239.5% |
| 每股收益（稀释后） | $0.63 | $1.40 |
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ARPARR
| Q4 25 | $1.4B | $1.8B | ||
| Q3 25 | $1.2B | $2.0B | ||
| Q2 25 | $1.3B | $1.9B | ||
| Q1 25 | $1.4B | $1.7B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $1.1B | $2.1B | ||
| Q2 24 | $978.7M | $2.0B | ||
| Q1 24 | $1.1B | $2.0B |
净利润ARPARR
| Q4 25 | $202.9M | $77.7M | ||
| Q3 25 | $85.6M | $262.6M | ||
| Q2 25 | $166.6M | $59.5M | ||
| Q1 25 | $219.5M | $-30.4M | ||
| Q4 24 | $158.8M | $-55.7M | ||
| Q3 24 | $-25.2M | $7.5M | ||
| Q2 24 | $-74.6M | $18.6M | ||
| Q1 24 | $34.7M | $-3.8M |
营业利润率ARPARR
| Q4 25 | 20.5% | 5.5% | ||
| Q3 25 | 9.7% | 17.8% | ||
| Q2 25 | 15.8% | 5.1% | ||
| Q1 25 | 20.1% | -0.9% | ||
| Q4 24 | 4.9% | -2.6% | ||
| Q3 24 | -2.4% | 1.7% | ||
| Q2 24 | -8.2% | 2.4% | ||
| Q1 24 | 4.3% | 0.5% |
净利率ARPARR
| Q4 25 | 14.4% | 4.3% | ||
| Q3 25 | 7.1% | 13.0% | ||
| Q2 25 | 12.8% | 3.1% | ||
| Q1 25 | 16.2% | -1.7% | ||
| Q4 24 | 13.6% | -3.0% | ||
| Q3 24 | -2.4% | 0.3% | ||
| Q2 24 | -7.6% | 0.9% | ||
| Q1 24 | 3.1% | -0.2% |
每股收益（稀释后）ARPARR
| Q4 25 | $0.63 | $1.40 | ||
| Q3 25 | $0.24 | $5.16 | ||
| Q2 25 | $0.50 | $1.17 | ||
| Q1 25 | $0.66 | $-0.57 | ||
| Q4 24 | $0.48 | $-0.98 | ||
| Q3 24 | $-0.11 | $0.13 | ||
| Q2 24 | $-0.26 | $0.32 | ||
| Q1 24 | $0.07 | $-0.06 |
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 | — | $164.1M |
| 总债务越低越好 | — | $802.9M |
| 股东权益账面价值 | $7.6B | $1.5B |
| 总资产 | $13.2B | $3.8B |
| 负债/权益比越低杠杆越低 | — | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资ARPARR
| Q4 25 | — | $164.1M | ||
| Q3 25 | — | $159.1M | ||
| Q2 25 | — | $169.2M | ||
| Q1 25 | — | $133.7M | ||
| Q4 24 | — | $191.9M | ||
| Q3 24 | — | $183.0M | ||
| Q2 24 | — | $179.7M | ||
| Q1 24 | — | $228.3M |
总债务ARPARR
| Q4 25 | — | $802.9M | ||
| Q3 25 | — | $967.1M | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $639.5M |
股东权益ARPARR
| Q4 25 | $7.6B | $1.5B | ||
| Q3 25 | $7.3B | $1.4B | ||
| Q2 25 | $7.3B | $1.1B | ||
| Q1 25 | $7.2B | $1.1B | ||
| Q4 24 | $7.0B | $1.2B | ||
| Q3 24 | $7.0B | $1.3B | ||
| Q2 24 | $7.0B | $1.3B | ||
| Q1 24 | $7.1B | $1.3B |
总资产ARPARR
| Q4 25 | $13.2B | $3.8B | ||
| Q3 25 | $12.9B | $4.1B | ||
| Q2 25 | $12.8B | $3.9B | ||
| Q1 25 | $13.0B | $3.8B | ||
| Q4 24 | $13.0B | $3.8B | ||
| Q3 24 | $13.2B | $3.9B | ||
| Q2 24 | $13.4B | $3.9B | ||
| Q1 24 | $13.5B | $3.8B |
负债/权益比ARPARR
| Q4 25 | — | 0.53× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 1.04× | ||
| Q4 24 | — | 0.93× | ||
| Q3 24 | — | 0.83× | ||
| Q2 24 | — | 0.84× | ||
| Q1 24 | — | 0.49× |
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 | $93.8M |
| 自由现金流经营现金流 - 资本支出 | — | $66.3M |
| 自由现金流率自由现金流/营收 | — | 3.7% |
| 资本支出强度资本支出/营收 | — | 1.5% |
| 现金转化率经营现金流/净利润 | 1.83× | 1.21× |
| 过去12个月自由现金流最近4个季度 | — | $296.5M |
8季度趋势，按日历期对齐
经营现金流ARPARR
| Q4 25 | $370.7M | $93.8M | ||
| Q3 25 | $310.1M | $219.4M | ||
| Q2 25 | $492.4M | $133.6M | ||
| Q1 25 | $457.7M | $-1.4M | ||
| Q4 24 | $278.0M | $-15.5M | ||
| Q3 24 | $166.2M | $78.5M | ||
| Q2 24 | $143.5M | $-4.7M | ||
| Q1 24 | $261.6M | $25.4M |
自由现金流ARPARR
| Q4 25 | — | $66.3M | ||
| Q3 25 | — | $187.1M | ||
| Q2 25 | — | $85.5M | ||
| Q1 25 | — | $-42.3M | ||
| Q4 24 | — | $-63.1M | ||
| Q3 24 | — | $50.2M | ||
| Q2 24 | — | $-41.6M | ||
| Q1 24 | — | $2.8M |
自由现金流率ARPARR
| Q4 25 | — | 3.7% | ||
| Q3 25 | — | 9.3% | ||
| Q2 25 | — | 4.5% | ||
| Q1 25 | — | -2.4% | ||
| Q4 24 | — | -3.4% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | -2.1% | ||
| Q1 24 | — | 0.1% |
资本支出强度ARPARR
| Q4 25 | — | 1.5% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | 1.1% |
现金转化率ARPARR
| Q4 25 | 1.83× | 1.21× | ||
| Q3 25 | 3.62× | 0.84× | ||
| Q2 25 | 2.96× | 2.25× | ||
| Q1 25 | 2.09× | — | ||
| Q4 24 | 1.75× | — | ||
| Q3 24 | — | 10.48× | ||
| Q2 24 | — | -0.25× | ||
| 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% |
PARR
| Distillates | $750.6M | 41% |
| Gasoline | $603.9M | 33% |
| Other Refined Products | $348.8M | 19% |
| Logistics | $73.7M | 4% |
| Other Revenues | $44.8M | 2% |
