Antero Resources Management

Management criteria checks 2/4

Antero Resources' CEO is Paul Rady, appointed in Jun 2002, has a tenure of 21.83 years. total yearly compensation is $24.64M, comprised of 3.8% salary and 96.2% bonuses, including company stock and options. directly owns 4.38% of the company’s shares, worth €399.36M. The average tenure of the management team and the board of directors is 2.6 years and 7.5 years respectively.

Key information

Paul Rady

Chief executive officer

US$24.6m

Total compensation

CEO salary percentage	3.8%
CEO tenure	21.8yrs
CEO ownership	4.4%
Management average tenure	2.6yrs
Board average tenure	7.5yrs

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
Mar 31 2024	n/a	n/a	US$66m
Dec 31 2023	n/a	n/a	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 ($USD24.64M) is above average for companies of similar size in the German market ($USD5.57M).

Compensation vs Earnings: Paul's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Paul Rady (69 yo)

21.8yrs

Tenure

US$24,641,821

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	21.8yrs	US$24.64m	4.38% $ 399.4m
Michael Kennedy	Senior VP of Finance & CFO	3yrs	US$8.96m	0.26% $ 24.0m
Yvette Schultz	Chief Compliance Officer	7.3yrs	US$6.54m	0.036% $ 3.3m
W. Ash	Senior Vice President of Reserves	4.8yrs	US$7.11m	0.15% $ 13.7m
Jon McEvers	Senior Vice President of Operations	1.2yrs	no data	no data
Sheri Pearce	Senior VP of Accounting & Chief Accounting Officer	3.9yrs	no data	0.031% $ 2.8m
Aaron S. Merrick	Chief Administrative Officer	2.3yrs	no data	no data
Steven Woodward	Senior Vice President of Business Development	8.3yrs	no data	no data
J. Ellis	Regional Senior Vice President	2.3yrs	no data	no data
Robert Krcek	Senior Vice President of Midstream	2.1yrs	no data	no data
Timothy J. Rady	Senior Vice President of Land	2.1yrs	no data	no data
Maria Henry	Senior Vice President of Geology	2.1yrs	no data	no data

2.6yrs

Average Tenure

55yo

Average Age

Experienced Management: 7A6's management team is considered experienced (2.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Paul Rady	Co-Founder	19.9yrs	US$24.64m	4.38% $ 399.4m
William Keenan	Independent Director	20.3yrs	US$289.92k	0.12% $ 10.8m
Robert Clark	Independent Director	10.5yrs	US$304.30k	0.026% $ 2.4m
Thomas Tyree	Independent Director	4.5yrs	US$300.55k	0.030% $ 2.7m
Vasiliki Sutil	Independent Director	4.5yrs	US$306.17k	0.030% $ 2.7m
Brenda Schroer	Independent Director	3yrs	US$312.30k	0.0079% $ 723.3k
Benjamin Hardesty	Lead Independent Director	10.5yrs	US$334.30k	0.056% $ 5.1m
Jacqueline Mutschler	Independent Director	4.1yrs	US$305.55k	0.022% $ 2.0m

7.5yrs

Average Tenure

65.5yo

Average Age

Experienced Board: 7A6's board of directors are considered experienced (7.5 years average tenure).

Antero Resources Management

Management criteria checks 2/4

Key information

Recent management updates

Insider recently sold €673k worth of stock

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

Insufficient new directors

Insider recently sold €100k worth of stock

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

Insider recently sold €241k worth of stock

Recent updates

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

Antero Resources Corporation to Report Q4, 2020 Results on Feb 17, 2021

New 90-day high: €5.30

New 90-day high: €4.62

New 90-day high: €3.72

New 90-day high: €3.56

Third quarter earnings released

Antero Resources Corporation to Report Q3, 2020 Results on Oct 28, 2020

Antero Resources Corporation to Report Q2, 2020 Results on Jul 29, 2020

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