Antero Resources Management

Management criteria checks 3/4

Antero Resources' CEO is Paul Rady, appointed in Jun 2002, has a tenure of 22.42 years. total yearly compensation is $13.51M, comprised of 7.9% salary and 92.1% bonuses, including company stock and options. directly owns 4.4% of the company’s shares, worth €422.79M. The average tenure of the management team and the board of directors is 4 years and 5.1 years respectively.

Key information

Paul Rady

Chief executive officer

US$13.5m

Total compensation

CEO salary percentage	7.9%
CEO tenure	22.4yrs
CEO ownership	4.4%
Management average tenure	4yrs
Board average tenure	5.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Paul Rady's remuneration changed compared to Antero Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$45m
Jun 30 2024	n/a	n/a	US$83m
Mar 31 2024	n/a	n/a	US$66m
Dec 31 2023	US$14m	US$1m	US$243m
Sep 30 2023	n/a	n/a	US$878m
Jun 30 2023	n/a	n/a	US$1b
Mar 31 2023	n/a	n/a	US$2b
Dec 31 2022	US$25m	US$943k	US$2b
Sep 30 2022	n/a	n/a	US$2b
Jun 30 2022	n/a	n/a	US$961m
Mar 31 2022	n/a	n/a	-US$328m
Dec 31 2021	US$6m	US$703k	-US$187m
Sep 30 2021	n/a	n/a	-US$1b
Jun 30 2021	n/a	n/a	-US$1b
Mar 31 2021	n/a	n/a	-US$945m
Dec 31 2020	US$3m	US$624k	-US$1b
Sep 30 2020	n/a	n/a	-US$2b
Jun 30 2020	n/a	n/a	-US$2b
Mar 31 2020	n/a	n/a	-US$2b
Dec 31 2019	US$6m	US$620k	-US$340m
Sep 30 2019	n/a	n/a	US$21m
Jun 30 2019	n/a	n/a	US$745m
Mar 31 2019	n/a	n/a	US$566m
Dec 31 2018	US$9m	US$858k	-US$398m
Sep 30 2018	n/a	n/a	US$211m
Jun 30 2018	n/a	n/a	US$230m
Mar 31 2018	n/a	n/a	US$362m
Dec 31 2017	US$10m	US$854k	US$615m

Compensation vs Market: Paul's total compensation ($USD13.51M) is above average for companies of similar size in the German market ($USD4.85M).

Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.

CEO

Paul Rady (70 yo)

22.4yrs

Tenure

US$13,512,463

Compensation

Mr. Paul M. Rady serves as Chief Executive Officer of TEP Rocky Mountain LLC. He serves as Chief Executive Officer and Chairman at Antero Midstream Corporation since March 2019 and its Director since 2019....

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Paul Rady	Co-Founder	22.4yrs	US$13.51m	4.4% € 422.8m
Michael Kennedy	Senior VP of Finance & CFO	3.6yrs	US$6.11m	0.25% € 24.1m
Yvette Schultz	Chief Compliance Officer	7.8yrs	US$3.64m	0.022% € 2.1m
Jon McEvers	Senior Vice President of Operations	1.8yrs	no data	no data
Sheri Pearce	Senior VP of Accounting & Chief Accounting Officer	4.5yrs	no data	0.024% € 2.3m
Steven Woodward	Senior Vice President of Business Development	8.8yrs	no data	no data
J. Ellis	Regional Senior Vice President	2.8yrs	no data	no data
W. Ash	Senior Vice President of Reserves	5.4yrs	US$7.11m	no data
Robert Krcek	Senior Vice President of Midstream	2.7yrs	no data	no data
Timothy J. Rady	Senior Vice President of Land	2.7yrs	no data	no data
Maria Henry	Senior Vice President of Geology	2.7yrs	no data	no data
David Cannelongo	Senior Vice President of Liquids Marketing & Transportation	5.9yrs	no data	no data

4.0yrs

Average Tenure

52.5yo

Average Age

Experienced Management: 7A6's management team is considered experienced (4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Paul Rady	Co-Founder	20.5yrs	US$13.51m	4.4% € 422.8m
William Keenan	Independent Director	20.8yrs	US$317.47k	0.12% € 11.2m
Robert Clark	Independent Director	11.1yrs	US$341.72k	0.024% € 2.3m
Jeffrey Munoz	Director	less than a year	no data	no data
Thomas Tyree	Independent Director	5.1yrs	US$324.97k	0.030% € 2.9m
Vasiliki Sutil	Independent Director	5.1yrs	US$327.47k	0.030% € 2.9m
Brenda Schroer	Independent Director	3.6yrs	US$333.97k	0.0089% € 853.6k
Benjamin Hardesty	Lead Independent Director	11.1yrs	US$368.72k	0.056% € 5.4m
Jacqueline Mutschler	Independent Director	4.7yrs	US$332.47k	0.023% € 2.2m

5.1yrs

Average Tenure

66.5yo

Average Age

Experienced Board: 7A6's board of directors are considered experienced (5.1 years average tenure).

Antero Resources Management

Management criteria checks 3/4

Key information

Recent management updates

Antero Resources Corporation Appoints Jeffrey Muñoz to its Board as Class II Director

Chief Compliance Officer recently sold €1.2m worth of stock

Senior VP of Finance & CFO recently sold €1.6m worth of stock

Antero Resources Corporation, Annual General Meeting, Jun 05, 2024

Insider recently sold €673k worth of stock

Senior VP of Finance & CFO recently sold €2.9m worth of stock

Recent updates

New minor risk - Share price stability

Third quarter 2024 earnings released: US$0.066 loss per share (vs US$0.059 profit in 3Q 2023)

Antero Resources Corporation Appoints Jeffrey Muñoz to its Board as Class II Director

Antero Resources Corporation to Report Q3, 2024 Results on Oct 30, 2024

Chief Compliance Officer recently sold €1.2m worth of stock

Second quarter 2024 earnings released: US$0.21 loss per share (vs US$0.28 loss in 2Q 2023)

Antero Resources Corporation to Report Q2, 2024 Results on Jul 31, 2024

Senior VP of Finance & CFO recently sold €1.6m worth of stock

Antero Resources Corporation, Annual General Meeting, Jun 05, 2024

First quarter 2024 earnings released: EPS: US$0.12 (vs US$0.72 in 1Q 2023)

Now 22% undervalued

Antero Resources Corporation to Report Q1, 2024 Results on Apr 24, 2024

Insider recently sold €673k worth of stock

Investor sentiment improves as stock rises 18%

Full year 2023 earnings released: EPS: US$0.81 (vs US$6.18 in FY 2022)

New minor risk - Shareholder dilution

Antero Resources Corporation Provides Production Guidance for the Year 2024

Antero Resources Corporation to Report Q4, 2023 Results on Feb 14, 2024

Now 23% undervalued after recent price drop

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released: EPS: US$0.059 (vs US$1.83 in 3Q 2022)

Antero Resources Corporation Revises Production Guidance for the Full Year 2023

Antero Resources Corporation to Report Q3, 2023 Results on Oct 25, 2023

New major risk - Revenue and earnings growth

New major risk - Revenue and earnings growth

Antero Resources Corporation Increases Production Guidance for the Full Year 2023

Second quarter 2023 earnings released: US$0.98 loss per share (vs US$2.46 profit in 2Q 2022)

Antero Resources Corporation to Report Q2, 2023 Results on Jul 26, 2023

Antero Resources Corporation(NYSE:AR) dropped from Russell 1000 Growth Index

Senior VP of Finance & CFO recently sold €2.9m worth of stock

First quarter 2023 earnings released: EPS: US$0.72 (vs US$0.50 loss in 1Q 2022)

Insufficient new directors

Full year 2022 earnings released: EPS: US$6.18 (vs US$0.61 loss in FY 2021)

Antero Resources Corporation Provides Production Guidance for the Year 2023

Antero Resources Corporation to Report Q4, 2022 Results on Feb 15, 2023

Now 20% undervalued after recent price drop

Investor sentiment deteriorated over the past week

Insider recently sold €100k worth of stock

Antero Resources Corporation Provides Production Guidance for the Fourth Quarter 2022

Third quarter 2022 earnings released: EPS: US$1.83 (vs US$1.75 loss in 3Q 2021)

Antero Resources Corporation to Report Q3, 2022 Results on Oct 26, 2022

Investor sentiment deteriorated over the past week

Senior Vice President of Reserves recently sold €1.4m worth of stock

Second quarter 2022 earnings released: EPS: US$2.46 (vs US$1.70 loss in 2Q 2021)

Antero Resources Corporation Provides Production Guidance for the Third Quarter, Fourth Quarter of 2022 and Full Year 2022

Antero Resources Corporation to Report Q2, 2022 Results on Jul 27, 2022

Antero Resources Corporation(NYSE:AR) dropped from Russell 2000 Dynamic Index

Insider recently sold €241k worth of stock

First quarter 2022 earnings released: US$0.50 loss per share (vs US$0.052 loss in 1Q 2021)

Antero Resources Corporation Announces Impairment Charges for the Three Months Ended March 31, 2022

Antero Resources Corporation to Report Q1, 2022 Results on Apr 27, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Antero Resources Corporation (NYSE:AR) announces an Equity Buyback for $1,000 million worth of its shares.

Third quarter 2021 earnings released: US$1.75 loss per share (vs US$2.00 loss in 3Q 2020)

Forecast to breakeven in 2022

Forecast breakeven pushed back to 2022

Second quarter 2021 earnings released: US$1.70 loss per share (vs US$1.73 loss in 2Q 2020)

Independent Director Paul Korus has left the company

Insider recently sold €85k worth of stock

First quarter 2021 earnings released: US$0.052 loss per share (vs US$1.19 loss in 1Q 2020)

Co-Founder, President, CFO, Secretary & Director Glen Warren has left the company

Antero Resources Corporation Reports Impairment of Oil and Gas Properties for the First Quarter Ended March 31, 2021

Independent Director recently sold €1.4m worth of stock

New 90-day high: €7.95

Full year 2020 earnings released: US$4.65 loss per share (vs US$1.11 loss in FY 2019)

Revenue misses expectations

Paul J. Korus Plans to Retire from the Board of Directors of Antero Resources Corporation

New 90-day high: €6.34

Antero Resources Corporation(NYSE:AR) dropped from Russell 1000 Dynamic Index