AR Antero Resources Corporation Common Stock

NYSE · Energy · View on SEC EDGAR ↗ close Sep 14, 2026 10-K/10-Q Jul 29, 2026

$38.10 · of 52w range

· above low · to high

$29.1052w low $45.7552w high

Market Cap (MRQ) $11.76B

P/E (TTM) 10.9

EPS (TTM) $3.49

Revenue (TTM) $6.13B

your badges 52W Range $29–$46 54% of range Analyst Rating BUY 28 analysts Price Target $50 +30% upside P/E 10.9 ROE 14.4% Net Profit Margin 18.3%

AR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price $38.10

Market Cap (MRQ) $11.76B

P/E (TTM) 10.9

EPS (TTM) $3.49

Revenue (TTM) $6.13B

ROE (TTM) 14.4%

Debt/Equity (MRQ) 0.3

52W Range $29–$46

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About Antero Resources Corporation Common Stock Company overview from Wikipedia

05 · wikidata

Antero Resources Corporation is an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado. The company's reserves are entirely in the Appalachian Basin (92% were in the Marcellus Shale and 8% were in the Utica Shale) and are extracted using hydraulic fracturing.

As of December 31, 2021, the company had 17,729 billion cubic feet (502 billion cubic meters) of estimated proved reserves, of which 61% was natural gas, 21% was ethane, 17% was natural gas liquids, and 1% was petroleum.

The company is ranked 672nd on the Fortune 500.

## History

The company was founded in 2002 by Paul M. Rady and Glen C. Warren, Jr. after they sold their previous venture, Pennaco Energy, to Marathon Oil.

Beginning in February 2003, Warburg Pincus invested over $1.5 billion into the company and at one time held a controlling stake.

In 2005, the company sold its assets in the Barnett Shale to XTO Energy.

In October 2013, the company became a public company via an initial public offering, raising $1.5 billion.

In November 2014, the company spun off 30% of its midstream operations, Antero Midstream Partners LP, via an initial public offering

In September 2015, the company sold its integrated water business to its midstream affiliate for $1.05 billion.

In August 2016, the company acquired assets in the Marcellus Shale from Statoil for $96 million.

In January 2017, the company acquired assets in the Utica Shale from Rex Energy for $30 million.

10-Year Performance Revenue, net income, margins and EPS trends

Revenue$5.28B

2019-12-31 → 2025-12-31

EPS$2.03

2019-12-31 → 2025-12-31

Free Cash Flow·

2019-12-31 → 2022-12-31

Net margin18.3%

2019-12-31 → 2025-12-31

Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric	AR	5Y avg	Peer Median	Verdict
P/E (TTM)	10.95Y avg ≈44.8	≈44.8	10.2	Fair value
P/S (TTM)	1.95Y avg ≈1.7	≈1.7	1.6	Overvalued
P/B (MRQ)	1.45Y avg ≈1.3	≈1.3	1.3	Overvalued
Price / Cash Flow	7.25Y avg ≈6.5	≈6.5	2.6	Overvalued
Price / Tangible Book	1.65Y avg ≈1.3	≈1.3	·	·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric	AR	5Y avg	Peer Median	Verdict
Operating Margin (TTM)	24.7%5Y avg ≈12.6%	≈12.6%	48.7%	Weak
EBITDA Margin (TTM)	37.9%5Y avg ≈27.0%	≈27.0%	50.2%	Weak
Pretax Margin (TTM)	23.8%5Y avg ≈11.0%	≈11.0%	37.8%	Weak
Net Profit Margin (TTM)	18.3%5Y avg ≈9.5%	≈9.5%	23.4%	Weak
ROA (TTM)	8.0%5Y avg ≈4.3%	≈4.3%	6.6%	Weak
ROE (TTM)	14.4%5Y avg ≈9.1%	≈9.1%	13.0%	Weak
ROIC	7.5%5Y avg ≈7.7%	≈7.7%	13.7%	Weak

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric	AR	5Y avg	Peer Median	Verdict
Debt / Equity (MRQ)	0.35Y avg ≈0.2	≈0.2	0.3	In line
Current Ratio (MRQ)	0.45Y avg ≈0.4	≈0.4	1.0	Low liquidity
Quick Ratio	0.05Y avg ≈0.0	≈0.0	0.6	Low liquidity
Long-Term Debt / Equity (MRQ)	0.35Y avg ≈0.2	≈0.2	0.3	In line

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric	AR	5Y avg	Peer Median	Verdict
Revenue YoY	22.0%5Y avg ≈13.4%	≈13.4%	·	·
Revenue CAGR 3Y	-9.6%5Y avg ≈-0.50%	≈-0.50%	·	·
Revenue CAGR 5Y	8.6%	·	·	·
EPS YoY	1027.8%5Y avg ≈289.1%	≈289.1%	·	·
Net Income YoY	619.9%5Y avg ≈155.4%	≈155.4%	·	·
EPS CAGR 3Y	-29.1%	·	·	·
Net Income CAGR 3Y	-30.4%	·	·	·

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric	AR	5Y avg	Peer Median	Verdict
EPS (Diluted)	$2.035Y avg ≈$1.59	≈$1.59	·	·
Revenue / Share	$16.895Y avg ≈$16.48	≈$16.48	·	·
Cash Flow / Share	$5.225Y avg ≈$5.16	≈$5.16	·	·

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric	AR	5Y avg	Peer Median	Verdict
Asset Turnover	0.45Y avg ≈0.4	≈0.4	0.4	In line
Receivables Turnover	154.75Y avg ≈119.5	≈119.5	10.2	Top tier
Revenue / Employee	≈$8.3M	·	·	·

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise -17.5%

Period	Report	EPS Actual	EPS Est	Surprise
June 30, 2026	Jul 28, 2026	$0.76	$0.84	-10.0%
March 31, 2026		$1.15	$1.16	-0.61%
Dec. 31, 2025		$0.43	$0.52	-16.6%
Sept. 30, 2025		$0.15	$0.27	-45.2%
June 30, 2025		$0.35	$0.45	-23.0%
March 31, 2025		$0.78	$0.86	-9.7%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 14

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$5.28B	$4.33B	$4.68B	$7.14B	$4.62B	$3.49B	$4.41B	$4.14B	$3.66B	$1.74B	$3.95B	$2.72B
SG&A Expense	$233M	$229M	$225M	$173M	$145M	$134M	$179M	$240M	$251M	$239M	$234M	$217M
Operating Expenses	$4.39B	$4.33B	$4.29B	$4.60B	$4.60B	$4.45B	$5.40B	$4.07B	$2.92B	$2.72B	$2.16B	$1.42B
Operating Income	$884M	$460.0K	$396M	$2.54B	$24M	$-953M	$-987M	$72M	$740M	$-976M	$1.79B	$1.30B
Interest Expense	·	·	·	·	·	·	·	$287M	$269M	$254M	$234M	$160M
Other Non-op	$7M	$-25M	$-35M	$-99M	$-252M	$-704M	$620M	$-246M	$-250M	$-270M	$-234M	$-180M
Pretax Income	$890M	$-24M	$361M	$2.44B	$-228M	$-1.66B	$-367M	$-175M	$490M	$-1.25B	$1.56B	$1.12B
Income Tax	$216M	$-118M	$64M	$441M	$-74M	$-397M	$-74M	$-129M	$-295M	$-496M	$576M	$446M
Net Income	$675M	$94M	$297M	$2.00B	$-154M	$-1.26B	$-293M	$-46M	$785M	$-749M	$980M	$676M
EPS (Basic)	$2.05	$0.18	$0.66	$6.09	$-0.61	$-4.65	$-1.11	$-1.26	$1.95	$-2.88	$3.43	$2.57
EPS (Diluted)	$2.03	$0.18	$0.64	$5.69	$-0.61	$-4.65	$-1.11	$-1.26	$1.94	$-2.88	$3.43	$2.57
Shares (Basic)	309,719,000	309,489,000	299,793,000	307,202,000	308,146,000	272,433,000	306,400,000	316,036,000	315,426,000	294,945,000	274,123,000	262,054,000
Shares (Diluted)	312,361,000	313,414,000	311,597,000	329,223,000	308,146,000	272,433,000	306,400,000	316,036,000	316,283,000	294,945,000	274,143,000	262,068,000
EBITDA	$1.63B	$763M	$1.14B	$3.25B	$766M	$-92M	$-72M	$1.04B	$1.56B	$-166M	$2.50B	$1.78B

Balance Sheet 25

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Cash & Equivalents	·	·	·	·	·	·	·	·	$28M	$32M	$23M	$246M
Receivables	$34M	$34M	$43M	$35M	$79M	$28M	$46M	$51M	$35M	$30M	$79M	$116M
Prepaid Expense	$15M	$12M	$13M	$11M	$15M	·	·	·	·	·	·	·
Other Current Assets	$11M	$6M	$14M	$32M	$15M	$15M	$11M	$35M	$9M	$6M	$8M	$6M
Current Assets	$832M	$508M	$476M	$788M	$686M	$574M	$923M	$807M	$833M	$403M	$1.25B	$1.25B
PP&E (Net)	·	·	·	·	·	·	$9.98B	$13.87B	$13.24B	$12.03B	$10.73B	$9.35B
PP&E (Gross)	·	·	·	·	·	·	$13.31B	$18.02B	$16.42B	$14.39B	$12.32B	$10.23B
Accum. Depreciation	·	·	·	·	·	·	$3.33B	$4.15B	$3.18B	$2.36B	$1.59B	$880M
Other Non-current Assets	$63M	$33M	$25M	$17M	$17M	$14M	$21M	$47M	$48M	$27M	$27M	$69M
Total Assets	$13.25B	$13.01B	$13.52B	$14.12B	$13.90B	$13.15B	$15.20B	$15.52B	$15.26B	$14.26B	$14.12B	$11.57B
Accounts Payable	·	·	·	$78M	$25M	$27M	$14M	$66M	$63M	$39M	$70M	$532M
Accrued Liabilities	$339M	$403M	$381M	$462M	$457M	$344M	$401M	$465M	$443M	$394M	$488M	$169M
Current Liabilities	$1.50B	$1.45B	$1.45B	$1.77B	$2.07B	$983M	$1.04B	$854M	$762M	$817M	$707M	$895M
Capital Leases	$1.61B	$2.05B	$2.43B	$2.89B	$2.96B	$2.35B	$2.58B	·	·	·	·	·
Deferred Tax	$907M	$693M	$812M	$760M	$318M	$412M	$782M	$651M	$780M	$950M	$1.37B	$795M
Other Non-current Liabilities	$57M	$62M	$59M	$60M	$54M	$60M	$59M	$63M	$43M	$55M	$82M	$48M
Total Liabilities	$5.53B	$5.79B	$6.38B	$7.10B	$7.83B	$7.06B	$8.23B	$7.03B	$6.39B	$6.53B	$6.83B	$6.10B
Total Debt	$1.40B	$1.49B	$1.54B	$1.18B	$2.13B	$3.00B	$3.76B	$5.46B	$4.80B	$4.70B	$4.71B	·
Common Stock	$3M	$3M	$3M	$3M	$3M	$3M	$3M	$3M	$3M	$3M	$3M	$3M
Paid-in Capital	$5.87B	$5.91B	$5.85B	$5.84B	$6.37B	$6.20B	$6.13B	$6.49B	$6.57B	$5.30B	$4.12B	$3.51B
Retained Earnings	$1.68B	$1.11B	$1.05B	$914M	$-617M	$-430M	$837M	$1.18B	$1.58B	$960M	$1.81B	$867M
Treasury Stock	·	·	·	$1M	·	·	·	·	·	·	·	·
Stockholders' Equity	$7.55B	$7.02B	$6.90B	$6.75B	$5.76B	$5.77B	$6.97B	$7.67B	$8.15B	$6.26B	$5.93B	$4.38B
Liabilities + Equity	$13.25B	$13.01B	$13.52B	$14.12B	$13.90B	$13.15B	$15.20B	$15.52B	$15.26B	$14.26B	$14.12B	$11.57B
Shares Outstanding	308,510,000	311,165,000	303,544,000	297,359,000	313,930,000	268,672,000	295,941,000	308,594,000	316,379,000	314,877,000	277,036,000	262,071,642

Cash Flow 14

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
D&A	$750M	$762M	$747M	$715M	$742M	$862M	$915M	$972M	$825M	$810M	$710M	$478M
Stock-based Comp	$61M	$66M	$60M	$35M	$20M	$23M	$24M	$70M	$103M	$102M	$98M	$112M
Deferred Tax	$214M	$-119M	$62M	$440M	$-74M	$-397M	$-79M	$-129M	$-295M	$-485M	$576M	$446M
Other Non-cash	$-68M	$46M	$-171M	$-139M	$1.13B	$1.51B	$573M	$1.19B	$664M	$1.56B	$-1.36B	$-1.05B
Operating Cash Flow	$1.63B	$849M	$995M	$3.05B	$1.66B	$736M	$1.10B	$2.08B	$2.01B	$1.24B	$1.02B	$998M
CapEx	·	·	·	$944M	$716M	$874M	$1.42B	$2.21B	$2.22B	·	·	$4.09B
Investing Cash Flow	$-1.08B	$-714M	$-1.14B	$-944M	$-711M	$-530M	$-1.04B	$-2.35B	$-2.46B	$-2.40B	$-2.30B	$-4.09B
Stock Issued	·	·	·	·	·	·	·	·	·	$1.01B	$538M	·
Stock Repurchased	$136M	·	$75M	$874M	·	$43M	$39M	$129M	·	·	·	·
Net Stock Activity	$-136M	·	$-75M	$-874M	·	$-43M	$-39M	$-129M	·	$1.01B	$538M	·
Financing Cash Flow	$-343M	$-135M	$146M	$-2.11B	$-949M	$-206M	$558M	$240M	$452M	$1.16B	$1.06B	$3.32B
Net Change in Cash	$210M	$0	$0	$0	$0	$0	$0	$-28M	$-3M	$8M	$-223M	$228M
Free Cash Flow	·	·	·	$2.11B	$944M	$-139M	$-319M	·	·	·	·	$-3.09B
Levered FCF	·	·	·	·	·	·	·	·	·	·	·	$-3.18B

Profitability 7

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Operating Margin	16.8%	0.01%	9.7%	36.1%	0.52%	-27.3%	-22.4%	1.7%	20.2%	-55.9%	45.3%	47.8%
Net Margin	12.8%	2.2%	7.3%	28.4%	-3.3%	-36.1%	-6.7%	-1.1%	21.5%	-43.0%	24.8%	24.8%
Pretax Margin	16.9%	-0.57%	8.9%	34.7%	-4.9%	-47.5%	-8.3%	-4.2%	13.4%	-71.4%	39.3%	41.1%
EBITDA Margin	31.0%	17.6%	24.4%	45.6%	16.6%	-2.6%	-1.6%	25.2%	42.8%	-9.5%	63.2%	65.3%
ROA	5.1%	0.71%	2.5%	14.5%	-1.1%	-9.5%	-1.9%	-0.29%	5.2%	-5.2%	7.6%	7.2%
ROE	9.3%	1.4%	5.0%	32.4%	-2.7%	-19.8%	-4.0%	-0.58%	10.9%	-12.3%	19.0%	14.9%
ROIC	7.5%	-0.02%	4.3%	26.6%	0.20%	-8.3%	-7.3%	0.14%	9.2%	-5.3%	10.6%	14.3%

Liquidity & Solvency 5

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Current Ratio	0.6	0.4	0.3	0.4	0.3	0.6	0.9	0.9	1.1	0.5	1.8	1.1
Quick Ratio	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.1	0.1	0.1	0.3
Debt / Equity	0.2	0.2	0.2	0.2	0.4	0.5	0.5	0.7	0.6	0.8	0.8	·
LT Debt / Equity	0.2	0.2	0.2	0.2	0.4	0.5	0.5	0.7	0.6	0.8	0.8	·
Interest Coverage	·	·	·	·	·	·	·	0.3	2.8	-3.8	7.6	8.1

Efficiency 2

Metric	Trend	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Asset Turnover		0.4	0.3	0.3	0.5	0.3	0.3	0.3	0.3	0.2	0.1	0.3	0.3
Receivables Turnover		154.7	112.3	119.9	124.7	86.0	93.3	90.4	96.3	113.2	32.0	40.4	37.1

Per Share 5

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Book Value / Share	$24.48	$22.57	$23.00	$22.72	$18.34	$21.47	$23.55	$24.84	$25.76	$19.89	$21.42	$20.89
Revenue / Share	$16.89	$13.80	$15.03	$21.68	$14.99	$12.82	$14.39	$13.10	$11.56	$5.91	$14.43	$10.38
Cash Flow / Share	$5.22	$2.71	$3.19	$9.27	$5.39	$2.70	$3.60	$6.59	$6.34	$4.21	$3.67	$3.81
Cash / Share	·	·	·	·	·	·	·	·	$0.09	$0.10	$0.08	$0.94
EPS (TTM)	$2.03	$0.18	$0.64	$5.69	$-0.61	$-4.65	$-1.11	$-1.26	$1.94	$-2.88	$3.43	$2.57

Growth Rates 7

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue YoY	22.0%	-7.6%	-34.4%	54.5%	32.3%	·	·	·	·	·	·	·
Revenue CAGR 3Y	-9.6%	-2.2%	10.3%	·	·	·	·	·	·	·	·	·
Revenue CAGR 5Y	8.6%	·	·	·	·	·	·	·	·	·	·	·
EPS YoY	1027.8%	-71.9%	-88.8%	·	·	·	·	·	·	·	·	·
EPS CAGR 3Y	-29.1%	·	·	·	·	·	·	·	·	·	·	·
Net Income YoY	619.9%	-68.5%	-85.1%	·	·	·	·	·	·	·	·	·
Net Income CAGR 3Y	-30.4%	·	·	·	·	·	·	·	·	·	·	·

Valuation (TTM) 13

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue TTM	$5.28B	$4.33B	$4.68B	$7.14B	$4.62B	$3.49B	$4.41B	$4.14B	$3.66B	$1.74B	$3.95B	$2.72B
Net Income TTM	$675M	$94M	$297M	$2.00B	$-154M	$-1.26B	$-293M	$-46M	$785M	$-749M	$980M	$676M
Market Cap	$10.63B	$10.91B	$6.88B	$9.22B	$5.49B	$1.46B	$843M	$2.90B	$6.01B	$7.45B	$6.04B	$10.63B
Enterprise Value	·	·	·	·	·	·	·	·	$10.78B	$12.12B	$10.72B	·
P/E	17.0	194.7	35.4	5.4	-28.7	-1.2	-2.6	-7.5	9.8	-8.2	6.4	15.8
P/S	2.0	2.5	1.5	1.3	1.2	0.4	0.2	0.7	1.6	4.3	1.5	3.9
P/B	1.4	1.6	1.0	1.4	1.0	0.3	0.1	0.4	0.7	1.2	1.0	1.9
P / Tangible Book	1.4	1.6	1.0	1.4	1.0	0.3	·	·	·	·	·	·
P / Cash Flow	6.5	12.8	6.9	3.0	3.3	2.0	0.8	1.4	3.0	6.0	6.0	10.7
P / FCF	·	·	·	4.4	5.8	-10.6	-2.6	·	·	·	·	-3.4
EV / EBITDA	·	·	·	·	·	·	·	·	6.9	-73.0	4.3	·
EV / Revenue	·	·	·	·	·	·	·	·	2.9	6.9	2.7	·
Earnings Yield	5.9%	0.51%	2.8%	18.4%	-3.5%	-85.3%	-39.0%	-13.4%	10.2%	-12.2%	15.7%	6.3%

Income Statement 13

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Revenue	$1.56B	$1.95B	$1.41B	$1.21B	$1.30B	$1.35B	$1.17B	$1.06B	$979M	$1.12B	$1.19B	$1.13B	$953M	$1.41B	$2.09B	$2.06B
SG&A Expense	$58M	$63M	$56M	$57M	$57M	$62M	$59M	$55M	$59M	$56M	$55M	$58M	$54M	$57M	$50M	$43M
Operating Expenses	$1.18B	$1.22B	$1.12B	$1.10B	$1.09B	$1.08B	$1.11B	$1.08B	$1.06B	$1.07B	$1.10B	$1.07B	$1.04B	$1.08B	$1.18B	$1.29B
Operating Income	$375M	$729M	$289M	$118M	$205M	$271M	$58M	$-25M	$-80M	$48M	$98M	$56M	$-89M	$331M	$908M	$774M
Other Non-op	$-10M	$-36M	$-16M	$11M	$10M	$2M	$-3M	$-3M	$-12M	$-7M	$-9M	$-9M	$-9M	$-8M	$-8M	$-44M
Pretax Income	$365M	$694M	$273M	$129M	$215M	$274M	$55M	$-28M	$-92M	$41M	$89M	$46M	$-98M	$323M	$900M	$730M
Income Tax	$79M	$146M	$70M	$43M	$48M	$54M	$-104M	$-3M	$-17M	$6M	$18M	$14M	$-30M	$62M	$133M	$136M
Net Income	$286M	$548M	$203M	$86M	$167M	$219M	$159M	$-25M	$-75M	$35M	$71M	$33M	$-68M	$261M	$767M	$595M
EPS (Basic)	$0.90	$1.73	$0.63	$0.25	$0.50	$0.67	$0.48	$-0.11	$-0.26	$0.07	$0.16	$0.06	$-0.28	$0.72	$2.30	$1.83
EPS (Diluted)	$0.90	$1.72	$0.63	$0.24	$0.50	$0.66	$0.48	$-0.11	$-0.26	$0.07	$0.17	$0.06	$-0.28	$0.69	$2.18	$1.72
Shares (Basic)	309,712,000	308,933,000	·	308,763,000	310,323,000	311,328,000	·	311,025,000	310,806,000	304,943,000	·	300,141,000	300,141,000	296,763,000	·	305,343,000
Shares (Diluted)	310,643,000	311,426,000	·	311,034,000	313,184,000	314,798,000	·	311,025,000	310,806,000	312,503,000	·	311,534,000	300,141,000	311,846,000	·	325,997,000
EBITDA	$603M	$936M	·	$307M	$392M	$458M	·	$164M	$109M	$238M	·	$232M	$82M	$499M	·	$944M

Balance Sheet 21

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Receivables	$25M	$32M	$34M	$37M	$32M	$40M	$34M	$26M	$24M	$40M	·	$37M	$37M	$30M	·	$24M
Prepaid Expense	$13M	$14M	$15M	$9M	$10M	$13M	$12M	$7M	$10M	$12M	·	$10M	$21M	$22M	·	·
Other Current Assets	$17M	$14M	$11M	$7M	$17M	$8M	$6M	$12M	$11M	$17M	·	·	·	·	·	$29M
Current Assets	$694M	$678M	$832M	$428M	$428M	$575M	$508M	$369M	$409M	$403M	·	$422M	$385M	$438M	·	$978M
Other Non-current Assets	$80M	$68M	$63M	$46M	$35M	$35M	$33M	$34M	$25M	$30M	·	$21M	$17M	$16M	·	$13M
Total Assets	$15.23B	$15.35B	$13.25B	$12.91B	$12.77B	$13.05B	$13.01B	$13.22B	$13.42B	$13.55B	·	$13.74B	$13.77B	$13.87B	·	$14.41B
Accounts Payable	·	·	·	·	·	·	·	·	·	·	·	·	·	$84M	·	$104M
Accrued Liabilities	$359M	$373M	$339M	$305M	$313M	$309M	$403M	$316M	$365M	$315M	·	$335M	$366M	$318M	·	$498M
Short-term Debt	$182M	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Current Liabilities	$1.73B	$1.69B	$1.50B	$1.39B	$1.40B	$1.49B	$1.45B	$1.32B	$1.41B	$1.38B	·	$1.46B	$1.51B	$1.50B	·	$2.54B
Capital Leases	$1.47B	$1.55B	$1.61B	$1.75B	$1.88B	$2.00B	$2.05B	$2.15B	$2.27B	$2.40B	·	$2.58B	$2.71B	$2.85B	·	$3.01B
Deferred Tax	$1.22B	$1.14B	$907M	$839M	$796M	$747M	$693M	$832M	$831M	$844M	·	$806M	$792M	$822M	·	$619M
Other Non-current Liabilities	$65M	$63M	$57M	$66M	$64M	$63M	$62M	$56M	$56M	$60M	·	$63M	$62M	$61M	·	$58M
Total Liabilities	$6.92B	$7.13B	$5.53B	$5.39B	$5.28B	$5.64B	$5.79B	$6.04B	$6.22B	$6.28B	·	$6.64B	$6.70B	$6.70B	·	$7.94B
Total Debt	$2.61B	$2.66B	·	$1.31B	$1.10B	$1.29B	·	$1.62B	$1.59B	$1.51B	·	$1.61B	$1.49B	$1.31B	·	$1.17B
Common Stock	$3M	$3M	$3M	$3M	$3M	$3M	$3M	$3M	$3M	$3M	·	$3M	$3M	$3M	·	$3M
Paid-in Capital	$5.83B	$5.84B	$5.87B	$5.85B	$5.87B	$5.90B	$5.91B	$5.89B	$5.88B	$5.88B	·	$5.82B	$5.80B	$5.81B	·	$5.94B
Retained Earnings	$2.48B	$2.22B	$1.68B	$1.49B	$1.44B	$1.31B	$1.11B	$1.08B	$1.10B	$1.17B	·	$1.04B	$1.02B	$1.10B	·	$266M
Stockholders' Equity	$8.32B	$8.06B	$7.55B	$7.35B	$7.31B	$7.22B	$7.02B	$6.98B	$6.99B	$7.05B	·	$6.86B	$6.83B	$6.91B	·	$6.21B
Liabilities + Equity	$15.23B	$15.35B	$13.25B	$12.91B	$12.77B	$13.05B	$13.01B	$13.22B	$13.42B	$13.55B	·	$13.74B	$13.77B	$13.87B	·	$14.41B
Shares Outstanding	308,739,000	309,825,000	308,510,000	308,385,000	309,869,000	311,584,000	311,165,000	311,031,000	310,988,000	310,170,000	·	300,386,000	300,359,000	299,321,000	·	303,131,000

Cash Flow 12

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
D&A	$227M	$206M	$187M	$189M	$188M	$186M	$194M	$189M	$189M	$190M	$232M	$176M	$171M	$168M	$204M	$170M
Stock-based Comp	$13M	$12M	$14M	$16M	$16M	$15M	$17M	$16M	$17M	$16M	$15M	$18M	$14M	$13M	$12M	$10M
Deferred Tax	$77M	$144M	$68M	$43M	$49M	$53M	$-104M	$-11M	$-21M	$6M	$16M	$14M	$-30M	$62M	$133M	$136M
Other Non-cash	·	$-51M	·	·	·	$-17M	·	·	·	$14M	·	·	·	$-160M	·	·
Operating Cash Flow	$439M	$859M	$371M	$310M	$492M	$458M	$278M	$166M	$143M	$262M	$312M	$183M	$155M	$344M	$475M	$1.09B
CapEx	·	·	·	·	·	·	·	·	·	·	·	·	·	$351M	·	$245M
Investing Cash Flow	$-341M	$-2.28B	$-224M	$-449M	$-197M	$-208M	$-126M	$-174M	$-187M	$-227M	$-227M	$-276M	$-287M	$-351M	$-225M	$-244M
Stock Repurchased	·	·	$83.0K	$51M	$75M	$10M	·	·	·	·	$-1.0K	$0	$0	$75M	$198M	$382M
Net Stock Activity	·	·	·	·	·	$-10M	·	·	·	·	·	·	·	$-75M	·	·
Financing Cash Flow	$-98M	$1.21B	$63M	$139M	$-295M	$-250M	$-152M	$8M	$44M	$-35M	$-86M	$93M	$132M	$7M	$-250M	$-844M
Net Change in Cash	$0	$-210M	$210M	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Free Cash Flow	·	·	·	·	·	·	·	·	·	·	·	·	·	$-7M	·	·

Profitability 7

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Operating Margin	24.1%	37.5%	·	9.7%	15.8%	20.1%	·	-0.56%	-6.3%	5.8%	·	5.0%	-9.3%	23.5%	·	37.5%
Net Margin	18.4%	28.2%	·	7.0%	12.8%	16.2%	·	-0.97%	-6.2%	4.3%	·	2.9%	-7.1%	18.6%	·	28.8%
Pretax Margin	23.4%	35.7%	·	10.6%	16.6%	20.2%	·	-0.86%	-7.5%	5.2%	·	4.1%	-10.3%	23.0%	·	35.4%
EBITDA Margin	38.6%	48.1%	·	25.3%	30.2%	33.9%	·	15.6%	11.1%	21.2%	·	20.6%	8.6%	35.4%	·	45.7%
ROA	2.1%	3.9%	·	0.66%	1.3%	1.7%	·	-0.08%	-0.44%	0.35%	·	0.23%	-0.49%	1.9%	·	4.3%
ROE	3.7%	7.2%	·	1.2%	2.3%	3.1%	·	-0.15%	-0.88%	0.69%	·	0.50%	-1.1%	4.2%	·	10.8%
ROIC	2.7%	5.4%	·	0.91%	1.9%	2.6%	·	-0.08%	-0.59%	0.63%	·	0.46%	-0.74%	3.3%	·	8.5%

Liquidity & Solvency 4

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Current Ratio	0.4	0.4	·	0.3	0.3	0.4	·	0.3	0.3	0.3	·	0.3	0.3	0.3	·	0.4
Quick Ratio	0.0	0.0	·	0.0	0.0	0.0	·	0.0	0.0	0.0	·	0.0	0.0	0.0	·	0.0
Debt / Equity	0.3	0.3	·	0.2	0.2	0.2	·	0.2	0.2	0.2	·	0.2	0.2	0.2	·	0.2
LT Debt / Equity	0.3	0.3	·	0.2	0.2	0.2	·	0.2	0.2	0.2	·	0.2	0.2	0.2	·	0.2

Efficiency 2

Metric	Trend	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Asset Turnover		0.1	0.1	·	0.1	0.1	0.1	·	0.1	0.1	0.1	·	0.1	0.1	0.1	·	0.1
Receivables Turnover		55.0	53.4	·	38.4	47.0	33.6	·	33.5	32.4	31.9	·	37.1	30.6	37.1	·	70.5

Per Share 4

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Book Value / Share	$26.94	$26.02	·	$23.82	$23.58	$23.17	·	$22.44	$22.46	$22.73	·	$22.84	$22.73	$23.09	·	$20.49
Revenue / Share	$5.02	$6.25	·	$3.90	$4.14	$4.30	·	$3.40	$3.15	$3.59	·	$3.61	$3.18	$4.52	·	$6.33
Cash Flow / Share	·	$2.76	·	·	·	$1.45	·	·	·	$0.84	·	·	·	$1.10	·	·
EPS (TTM)	$3.49	$3.09	·	$1.88	$1.53	$0.77	·	$-0.13	$0.04	$0.02	·	$2.65	$4.31	$6.88	·	$6.40

Valuation (TTM) 9

Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Revenue TTM	$6.13B	$5.87B	·	$5.03B	$4.87B	$4.56B	·	$4.35B	$4.42B	$4.40B	·	$5.57B	$6.51B	$7.76B	·	$7.45B
Net Income TTM	$1.12B	$1.00B	·	$630M	$520M	$278M	·	$6M	$64M	$71M	·	$993M	$1.55B	$2.43B	·	$2.19B
Market Cap	$10.85B	$13.15B	·	$10.35B	$12.48B	$12.60B	·	$8.91B	$10.15B	$8.99B	·	$7.62B	$6.92B	$6.91B	·	$9.25B
P/E	10.1	13.7	·	17.9	26.3	52.5	·	-220.4	815.8	1450.0	·	9.6	5.3	3.4	·	4.8
P/S	1.8	2.2	·	2.1	2.6	2.8	·	2.0	2.3	2.0	·	1.4	1.1	0.9	·	1.2
P/B	1.3	1.6	·	1.4	1.7	1.7	·	1.3	1.5	1.3	·	1.1	1.0	1.0	·	1.5
P / Tangible Book	1.3	1.6	·	1.4	1.7	1.7	·	1.3	1.5	1.3	·	1.1	1.0	1.0	·	1.5
P / Cash Flow	·	15.3	·	·	·	27.5	·	·	·	34.4	·	·	·	20.1	·	·
Earnings Yield	9.9%	7.3%	·	5.6%	3.8%	1.9%	·	-0.45%	0.12%	0.07%	·	10.4%	18.7%	29.8%	·	21.0%

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	$5.28B	$4.33B	$4.68B	$7.14B	$4.62B
Operating Margin %	16.8%	0.01%	9.7%	36.1%	0.52%
Net Income	$675M	$94M	$297M	$2.00B	$-154M
Diluted EPS	$2.03	$0.18	$0.64	$5.69	$-0.61

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Debt / Equity	0.2	0.2	0.2	0.2	0.4
Current Ratio	0.6	0.4	0.3	0.4	0.3
Quick Ratio	0.0	0.0	0.0	0.0	0.0

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Free Cash Flow	·	·	·	$2.11B	$944M

Institutional owners (13F) 701 filers · $11.1B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 701

Value held $11.1B

New positions 104

Exited positions 86

Institutional activity — Q2 2026 vs prior quarter

New positions	Exited positions	Increased	Decreased	Net shares change
104 (-50 vs prior Q)	86 (+6 vs prior Q)	298 (+58 vs prior Q)	160 (-30 vs prior Q)	+19.3M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution	Value	Shares	% of tracked 13F	Type
VANGUARD GROUP INC	$986,617,023	28,630,790	8.85%	Shares
BlackRock, Inc.	$966,982,280	27,517,993	8.67%	Shares
FMR LLC	$587,602,822	16,721,765	5.27%	Shares
VANGUARD PORTFOLIO MANAGEMENT LLC	$491,996,616	14,001,042	4.41%	Shares
VANGUARD CAPITAL MANAGEMENT LLC	$468,535,781	13,333,403	4.20%	Shares
DIMENSIONAL FUND ADVISORS LP	$446,249,969	12,699,737	4.00%	Shares
STATE STREET CORP	$400,573,581	11,399,362	3.59%	Shares
Sourcerock Group LLC	$304,658,845	8,669,859	2.73%	Shares
Invesco Ltd.	$283,080,952	8,055,804	2.54%	Shares
AQR CAPITAL MANAGEMENT LLC	$267,538,570	7,613,505	2.40%	Shares
JANE STREET GROUP, LLC	$214,656,204	6,108,600	1.93%	Put option
GEODE CAPITAL MANAGEMENT, LLC	$202,017,713	5,747,084	1.81%	Shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/	$198,974,140	5,662,614	1.78%	Shares
Orbis Allan Gray Ltd	$159,792,157	4,547,301	1.43%	Shares
NEUBERGER BERMAN GROUP LLC	$150,442,547	4,281,381	1.35%	Shares
ADAGE CAPITAL PARTNERS GP, L.L.C.	$142,777,685	4,063,110	1.28%	Shares
RAYMOND JAMES FINANCIAL INC	$124,307,896	3,537,505	1.12%	Shares
WELLINGTON MANAGEMENT GROUP LLP	$115,834,020	3,296,358	1.04%	Shares
MORGAN STANLEY	$109,966,976	3,129,395	0.99%	Shares
Holocene Advisors, LP	$109,890,300	3,127,214	0.99%	Shares
Bank of New York Mellon Corp	$106,062,948	3,018,296	0.95%	Shares
Diamond Hill Capital Management, LLC (Investment Advisor)	$100,211,549	2,851,780	0.90%	Shares
NORTHERN TRUST CORP	$99,972,773	2,844,985	0.90%	Shares
Eurizon Capital SGR S.p.A.	$98,963,828	2,829,217	0.89%	Shares
CITADEL ADVISORS LLC	$96,550,559	2,747,597	0.87%	Shares
Palo Duro Investment Partners, LP	$95,985,015	2,731,503	0.86%	Shares
Covalis Capital LLP	$92,592,811	2,634,969	0.83%	Shares
GOLDMAN SACHS GROUP INC	$88,425,031	2,516,364	0.79%	Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$81,154,144	2,309,452	0.73%	Shares
CANADA PENSION PLAN INVESTMENT BOARD	$78,177,082	2,224,732	0.70%	Shares
MILLENNIUM MANAGEMENT LLC	$74,466,298	2,119,132	0.67%	Shares
VANGUARD FIDUCIARY TRUST CO	$65,509,429	1,864,241	0.59%	Shares
Alyeska Investment Group, L.P.	$63,737,740	1,813,823	0.57%	Shares
Goehring & Rozencwajg Associates, LLC	$60,853,027	1,731,731	0.55%	Shares
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P.	$55,719,040	1,585,630	0.50%	Shares
DME Capital Management, LP	$55,315,279	1,574,140	0.50%	Shares
UBS Group AG	$54,562,124	1,552,707	0.49%	Shares
Bridgewater Associates, LP	$52,979,067	1,507,657	0.48%	Shares
Qube Research & Technologies Ltd	$51,449,493	1,464,129	0.46%	Shares
Stephens Investment Management Group LLC	$49,470,479	1,407,811	0.44%	Shares
SailingStone Capital Partners LLC	$48,117,307	1,369,303	0.43%	Shares
Webs Creek Capital Management LP	$46,963,240	1,336,461	0.42%	Shares
FRONTIER CAPITAL MANAGEMENT CO LLC	$46,318,139	1,318,103	0.42%	Shares
FIRST TRUST ADVISORS LP	$45,815,567	1,303,801	0.41%	Shares
Assenagon Asset Management S.A.	$45,526,857	1,295,585	0.41%	Shares
Yorktown Energy Partners VIII, L.P.	$44,484,000	1,100,000	0.40%	Shares
AMERICAN CENTURY COMPANIES INC	$41,995,393	1,195,088	0.38%	Shares
Yaupon Capital Management LP	$41,620,378	1,184,416	0.37%	Shares
Long Focus Capital Management, LLC	$41,113,800	1,170,000	0.37%	Shares
BANK OF AMERICA CORP /DE/	$40,916,411	1,164,383	0.37%	Shares
Freestone Grove Partners LP	$36,848,928	1,048,632	0.33%	Shares
VICTORY CAPITAL MANAGEMENT INC	$36,408,413	1,036,096	0.33%	Shares
CIBC Bancorp USA Inc.	$35,225,741	1,002,440	0.32%	Shares
MASTERS CAPITAL MANAGEMENT LLC	$35,140,000	1,000,000	0.32%	Call option
AMERIPRISE FINANCIAL INC	$34,372,822	978,168	0.31%	Shares
FEARNLEY ASSET MANAGEMENT AS	$34,357,327	977,727	0.31%	Shares
Nuveen, LLC	$33,032,935	940,038	0.30%	Shares
Man Group plc	$32,677,213	929,915	0.29%	Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$32,395,566	921,900	0.29%	Put option
JPMORGAN CHASE & CO	$31,035,707	887,228	0.28%	Shares
LAZARD ASSET MANAGEMENT LLC	$30,705,824	873,814	0.28%	Shares
CIBC Private Wealth Group LLC	$30,645,582	913,158	0.27%	Shares
SIR Capital Management, L.P.	$29,003,291	825,364	0.26%	Shares
BARCLAYS PLC	$27,949,724	795,382	0.25%	Shares
RHUMBLINE ADVISERS	$26,778,217	762,045	0.24%	Shares
FRANKLIN RESOURCES INC	$26,515,098	754,556	0.24%	Shares
Balyasny Asset Management L.P.	$26,450,475	752,717	0.24%	Shares
JANE STREET GROUP, LLC	$26,281,206	747,900	0.24%	Call option
Retirement Systems of Alabama	$26,236,789	746,636	0.24%	Shares
Corigliano Investment Advisers, LLC	$26,219,432	617,800	0.24%	Shares
ALGERT GLOBAL LLC	$26,075,040	742,033	0.23%	Shares
MetLife Investment Management, LLC	$25,756,777	732,976	0.23%	Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	$25,590,642	602,984	0.23%	Shares
DEUTSCHE BANK AG\	$25,264,148	718,957	0.23%	Shares
Hood River Capital Management LLC	$24,174,493	687,948	0.22%	Shares
MARSHALL WACE, LLP	$23,583,368	671,126	0.21%	Shares
PRINCIPAL FINANCIAL GROUP INC	$23,484,554	668,314	0.21%	Shares
D. E. Shaw & Co., Inc.	$23,002,819	654,605	0.21%	Shares
CWM, LLC	$22,058,606	519,760	0.20%	Shares
Universal- Beteiligungs- und Servicegesellschaft mbH	$21,282,540	605,650	0.19%	Shares
Swiss National Bank	$20,669,348	588,200	0.19%	Shares
BOOTHBAY FUND MANAGEMENT, LLC	$20,563,225	585,180	0.18%	Shares
Nuveen Asset Management, LLC	$20,374,215	581,290	0.18%	Shares
CITADEL ADVISORS LLC	$19,745,166	561,900	0.18%	Put option
Mesirow Institutional Investment Management, Inc.	$19,425,902	554,234	0.17%	Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$19,312,944	549,600	0.17%	Call option
Point72 Asset Management, L.P.	$18,517,761	526,971	0.17%	Shares
Legal & General Group Plc	$18,287,735	520,425	0.16%	Shares
Russell Investments Group, Ltd.	$18,184,205	517,589	0.16%	Shares
California Public Employees Retirement System	$18,029,315	513,071	0.16%	Shares
RENAISSANCE TECHNOLOGIES LLC	$17,745,700	505,000	0.16%	Shares
TORTOISE CAPITAL ADVISORS, L.L.C.	$17,544,594	499,277	0.16%	Shares
Cerity Partners LLC	$17,360,129	494,027	0.16%	Shares
Crystal Cove Asset Management, LLC	$17,267,339	491,387	0.15%	Shares
JANE STREET GROUP, LLC	$17,250,190	490,899	0.15%	Shares
Pennant Investors, LP	$16,867,200	480,000	0.15%	Shares
Goodman Financial Corp	$16,856,731	479,705	0.15%	Shares
CITADEL ADVISORS LLC	$16,687,986	474,900	0.15%	Call option
IEQ CAPITAL, LLC	$15,967,599	454,400	0.14%	Shares
Parallax Volatility Advisers, L.P.	$15,342,124	436,600	0.14%	Put option
Mariner, LLC	$15,224,097	433,298	0.14%	Shares
LOOMIS SAYLES & CO L P	$15,170,793	431,724	0.14%	Shares
COLRAIN CAPITAL LLC	$15,124,994	430,421	0.14%	Shares
READYSTATE ASSET MANAGEMENT LP	$15,102,539	429,782	0.14%	Shares
CAPITAL FUND MANAGEMENT S.A.	$15,034,754	427,853	0.13%	Shares
Hancock Prospecting Pty Ltd	$15,027,375	427,643	0.13%	Shares
LMR Partners LLP	$14,918,300	424,539	0.13%	Shares
ALLIANCEBERNSTEIN L.P.	$14,832,865	349,502	0.13%	Shares
SEI INVESTMENTS CO	$14,557,789	414,277	0.13%	Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$14,428,871	410,611	0.13%	Shares
KGH Ltd	$14,265,350	407,000	0.13%	Shares
Zimmer Partners, LP	$14,056,000	400,000	0.13%	Shares
CITIGROUP INC	$14,056,000	400,000	0.13%	Put option
JACOBS LEVY EQUITY MANAGEMENT, INC	$13,959,857	397,264	0.13%	Shares
WEXFORD CAPITAL LP	$13,483,921	383,720	0.12%	Shares
Lighthouse Investment Partners, LLC	$13,317,321	378,979	0.12%	Shares
IES Holdings, Inc.	$13,177,500	375,000	0.12%	Shares
Walleye Trading LLC	$13,100,192	372,800	0.12%	Put option
Greenfield Seitz Capital Management, LLC	$12,846,973	365,594	0.12%	Shares
Squarepoint Ops LLC	$12,749,460	362,819	0.11%	Shares
Weiss Asset Management LP	$12,722,472	362,051	0.11%	Shares
Caption Management, LLC	$12,650,400	360,000	0.11%	Put option
Nokomis Capital, L.L.C.	$12,425,574	353,602	0.11%	Shares
Allspring Global Investments Holdings, LLC	$12,398,251	355,149	0.11%	Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	$11,957,720	340,288	0.11%	Shares
STATE OF WISCONSIN INVESTMENT BOARD	$11,608,710	330,356	0.10%	Shares
Aristotle Atlantic Partners, LLC	$11,355,877	323,161	0.10%	Shares
CITIGROUP INC	$11,307,244	321,777	0.10%	Shares
Carlson Capital, L.P.	$10,930,824	311,065	0.10%	Shares
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC	$10,844,977	308,622	0.10%	Shares
Aventail Capital Group, LP	$10,833,662	308,300	0.10%	Shares
RR Advisors, LLC	$10,708,915	304,750	0.10%	Shares
MERCER GLOBAL ADVISORS INC /ADV	$10,677,241	303,849	0.10%	Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE	$10,234,771	291,257	0.09%	Shares
Tejara Capital Ltd	$9,993,816	284,400	0.09%	Shares
HSBC HOLDINGS PLC	$9,475,193	267,015	0.08%	Shares
DeepCurrents Investment Group LLC	$9,305,072	2,648	0.08%	Call option
Horizon Investments, LLC	$9,287,537	264,301	0.08%	Shares
ENVESTNET ASSET MANAGEMENT INC	$9,006,566	256,305	0.08%	Shares
STANSBERRY ASSET MANAGEMENT, LLC	$8,769,609	249,562	0.08%	Shares
HATCH COVE CAPITAL, LLC	$8,749,860	249,000	0.08%	Shares
VANGUARD ASSET MANAGEMENT, Ltd	$8,544,150	243,146	0.08%	Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM	$8,358,084	237,851	0.07%	Shares
ROYAL BANK OF CANADA	$8,357,000	237,847	0.07%	Shares
WOLVERINE TRADING, LLC	$8,239,880	245,600	0.07%	Call option
HUB Investment Partners, LLC	$8,050,679	229,103	0.07%	Shares
Kore Advisors LP	$8,043,792	228,907	0.07%	Shares
VOYA INVESTMENT MANAGEMENT LLC	$7,982,508	227,163	0.07%	Shares
ExodusPoint Capital Management, LP	$7,947,860	226,177	0.07%	Shares
Hudson Bay Capital Management LP	$7,685,540	218,712	0.07%	Shares
Engineers Gate Manager LP	$7,658,622	217,946	0.07%	Shares
Grey Fox Wealth Advisors, LLC	$7,608,126	216,509	0.07%	Shares
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	$7,573,267	215,517	0.07%	Shares
Ripple Effect Asset Management LP	$7,551,000	225,000	0.07%	Call option
Pennant Select, LLC	$7,494,273	213,269	0.07%	Shares
Brandywine Global Investment Management, LLC	$7,425,096	215,470	0.07%	Shares
Quantinno Capital Management LP	$7,153,809	203,580	0.06%	Shares
TWO SIGMA INVESTMENTS, LP	$7,073,858	201,305	0.06%	Shares
STIFEL FINANCIAL CORP	$7,022,817	199,852	0.06%	Shares
Vanguard Global Advisers, LLC	$6,996,515	199,104	0.06%	Shares
Oceanic Investment Management LTD	$6,927,077	197,128	0.06%	Shares
WELLS FARGO & COMPANY/MN	$6,858,377	195,173	0.06%	Shares
GOLDMAN SACHS GROUP INC	$6,855,814	195,100	0.06%	Put option
MML INVESTORS SERVICES, LLC	$6,761,129	192,405	0.06%	Shares
NOMURA ASSET MANAGEMENT INTERNATIONAL INC.	$6,701,000	190,692	0.06%	Shares
IMC-Chicago, LLC	$6,557,054	186,598	0.06%	Shares
Creative Planning	$6,517,089	185,461	0.06%	Shares
Pekin Hardy Strauss, Inc.	$6,339,045	180,394	0.06%	Shares
FIFTH THIRD BANCORP	$6,301,271	179,319	0.06%	Shares
Oxbow Advisors, LLC	$6,003,774	170,853	0.05%	Shares
WOLVERINE TRADING, LLC	$5,847,765	174,300	0.05%	Put option
KLP KAPITALFORVALTNING AS	$5,847,296	166,400	0.05%	Shares
LPL Financial LLC	$5,774,943	164,341	0.05%	Shares
Mraz, Amerine & Associates, Inc.	$5,696,686	162,114	0.05%	Shares
Zurcher Kantonalbank (Zurich Cantonalbank)	$5,618,464	159,888	0.05%	Shares
BEARING POINT CAPITAL, LLC	$5,533,004	157,456	0.05%	Shares
JANUS HENDERSON GROUP PLC	$5,509,021	129,792	0.05%	Shares
MILLER HOWARD INVESTMENTS INC /NY	$5,340,261	151,971	0.05%	Shares
MILLENNIUM MANAGEMENT LLC	$5,271,000	150,000	0.05%	Call option
Empowered Funds, LLC	$5,224,826	148,686	0.05%	Shares
HighTower Advisors, LLC	$5,182,939	147,494	0.05%	Shares
Stanley-Laman Group, Ltd.	$5,111,816	145,470	0.05%	Shares
Focus Partners Wealth	$5,095,024	144,992	0.05%	Shares
Brevan Howard Capital Management LP	$4,938,997	140,552	0.04%	Shares
VIKING FUND MANAGEMENT LLC	$4,919,600	140,000	0.04%	Shares
ICON ADVISERS INC/CO	$4,919,600	140,000	0.04%	Shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	$4,802,876	163,670	0.04%	Shares
NEW YORK STATE COMMON RETIREMENT FUND	$4,789,793	136,306	0.04%	Shares
Journey Advisory Group, LLC	$4,691,190	133,500	0.04%	Shares
Fielder Capital Group LLC	$4,633,666	131,863	0.04%	Shares
Police & Firemen's Retirement System of New Jersey	$4,630,574	131,775	0.04%	Shares
VELA Investment Management, LLC	$4,526,559	128,815	0.04%	Shares
DC Investments Management, LLC	$4,475,079	127,350	0.04%	Shares
Chronos Wealth Management, LLC	$4,462,780	127,000	0.04%	Shares
PINNACLE ASSOCIATES LTD	$4,453,995	126,750	0.04%	Shares
GOLDMAN SACHS GROUP INC	$4,403,042	125,300	0.04%	Call option
Jump Financial, LLC	$4,355,252	123,940	0.04%	Shares
CAPTRUST FINANCIAL ADVISORS	$4,334,298	123,344	0.04%	Shares
Twin Tree Management, LP	$4,188,688	119,200	0.04%	Put option
Fiduciary Trust Co	$4,171,223	118,703	0.04%	Shares
CAPITAL FUND MANAGEMENT S.A.	$4,100,838	116,700	0.04%	Call option
GROUP ONE TRADING LLC	$4,076,451	116,006	0.04%	Shares
Cinctive Capital Management LP	$4,058,986	115,509	0.04%	Shares
Rafferty Asset Management, LLC	$4,052,766	115,332	0.04%	Shares
BNP PARIBAS FINANCIAL MARKETS	$4,016,502	1,143	0.04%	Call option
Walleye Capital LLC	$3,967,306	112,900	0.04%	Call option
Point72 Asset Management, L.P.	$3,904,054	111,100	0.04%	Put option
MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC	$3,840,486	109,291	0.03%	Shares
PRUDENTIAL FINANCIAL INC	$3,760,718	107,021	0.03%	Shares
Point72 Asset Management, L.P.	$3,759,980	107,000	0.03%	Call option
Walleye Trading LLC	$3,737,666	106,365	0.03%	Shares
CLOUGH CAPITAL PARTNERS L P	$3,736,752	106,339	0.03%	Shares
Watts Gwilliam & Co., LLC	$3,694,151	110,076	0.03%	Shares
SeaBridge Investment Advisors LLC	$3,601,288	102,484	0.03%	Shares
Empyrean Capital Partners, LP	$3,563,196	101,400	0.03%	Shares
Crossmark Global Holdings, Inc.	$3,542,569	100,813	0.03%	Shares
Mountain Lake Investment Management LLC	$3,518,814	100,137	0.03%	Shares
PRELUDE CAPITAL MANAGEMENT, LLC	$3,437,852	97,833	0.03%	Shares
State of New Jersey Common Pension Fund D	$3,299,330	93,891	0.03%	Shares
LEUTHOLD GROUP, LLC	$3,289,877	93,622	0.03%	Shares
State of Tennessee, Department of Treasury	$3,248,026	92,431	0.03%	Shares
PEAK6 LLC	$3,243,422	92,300	0.03%	Call option
Econ Financial Services Corp	$3,133,785	89,180	0.03%	Shares
Walleye Trading LLC	$3,095,834	88,100	0.03%	Call option
Louisiana State Employees Retirement System	$3,025,554	86,100	0.03%	Shares
YOUSIF CAPITAL MANAGEMENT, LLC	$2,993,577	85,190	0.03%	Shares
Corient Private Wealth LP	$2,960,654	84,253	0.03%	Shares
CAPITAL FUND MANAGEMENT S.A.	$2,941,218	83,700	0.03%	Put option
AGF MANAGEMENT LTD	$2,876,491	81,858	0.03%	Shares
CIBC WORLD MARKETS CORP	$2,852,013	82,763	0.03%	Shares
ARIZONA STATE RETIREMENT SYSTEM	$2,841,948	80,875	0.03%	Shares
Fiera Capital Corp	$2,720,117	77,408	0.02%	Shares
Balyasny Asset Management L.P.	$2,691,724	76,600	0.02%	Put option
NOMURA HOLDINGS INC	$2,635,500	75,000	0.02%	Call option
Vanguard Investments Australia, Ltd.	$2,630,299	74,852	0.02%	Shares
US BANCORP \DE\	$2,627,523	74,773	0.02%	Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	$2,579,241	73,399	0.02%	Shares
Sagewood Asset Management LP	$2,574,532	73,265	0.02%	Shares
COMERICA BANK	$2,565,517	74,449	0.02%	Shares
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS	$2,476,210	70,467	0.02%	Shares
BTG Pactual Asset Management US LLC	$2,452,069	69,780	0.02%	Shares
STATE OF MICHIGAN RETIREMENT SYSTEM	$2,417,632	68,800	0.02%	Shares
D. E. Shaw & Co., Inc.	$2,417,632	68,800	0.02%	Put option
Jefferies Financial Group Inc.	$2,415,804	68,748	0.02%	Shares
Moran Wealth Management, LLC	$2,365,976	67,330	0.02%	Shares
Gotham Asset Management, LLC	$2,365,730	67,323	0.02%	Shares
GF FUND MANAGEMENT CO. LTD.	$2,353,502	66,975	0.02%	Shares
TUDOR INVESTMENT CORP ET AL	$2,340,324	66,600	0.02%	Put option
Verition Fund Management LLC	$2,340,324	66,600	0.02%	Call option
NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC	$2,326,655	66,211	0.02%	Shares
COMMONWEALTH EQUITY SERVICES, LLC	$2,306,360	65,634	0.02%	Shares
BNP PARIBAS FINANCIAL MARKETS	$2,236,661	63,650	0.02%	Shares
LGT Fund Management Co Ltd.	$2,234,904	63,600	0.02%	Shares
Clear Harbor Asset Management, LLC	$2,181,702	62,086	0.02%	Shares
Cetera Investment Advisers	$2,176,818	61,947	0.02%	Shares
OREGON PUBLIC EMPLOYEES RETIREMENT FUND	$2,138,374	60,853	0.02%	Shares
De Lisle Partners LLP	$2,109,300	60,000	0.02%	Shares
GeoSphere Capital Management, LLC	$2,108,400	60,000	0.02%	Shares
Glenorchy Capital Ltd	$2,094,611	59,607	0.02%	Shares
Independent Advisor Alliance	$2,090,202	59,482	0.02%	Shares
Freestone Capital Holdings, LLC	$2,001,680	56,963	0.02%	Shares
BANK OF MONTREAL /CAN/	$1,978,805	56,312	0.02%	Shares
DARK FOREST CAPITAL MANAGEMENT LP	$1,968,894	56,030	0.02%	Shares
Caprock Group, LLC	$1,963,966	55,889	0.02%	Shares
Ameritas Investment Partners, Inc.	$1,903,569	54,171	0.02%	Shares
STALEY CAPITAL ADVISERS INC	$1,897,560	54,000	0.02%	Shares
Stonegate Investment Group, LLC	$1,883,806	56,132	0.02%	Shares
Pathstone Holdings, LLC	$1,808,407	51,463	0.02%	Shares
Caption Management, LLC	$1,757,000	50,000	0.02%	Shares
TWO SIGMA ADVISERS, LP	$1,750,568	50,800	0.02%	Shares
Bleakley Financial Group, LLC	$1,670,450	47,537	0.01%	Shares
Walleye Capital LLC	$1,644,552	46,800	0.01%	Put option
BIP Wealth, LLC	$1,633,413	46,483	0.01%	Shares
Pictet Asset Management Holding SA	$1,625,014	46,244	0.01%	Shares
Orion Porfolio Solutions, LLC	$1,619,416	46,085	0.01%	Shares
Vident Advisory, LLC	$1,600,134	45,536	0.01%	Shares
JONES FINANCIAL COMPANIES LLLP	$1,595,733	45,372	0.01%	Shares
Utah Retirement Systems	$1,577,259	44,885	0.01%	Shares
WOLVERINE TRADING, LLC	$1,568,026	46,737	0.01%	Shares
ROTHSCHILD INVESTMENT LLC	$1,562,606	44,468	0.01%	Shares
Alphadyne Asset Management LP	$1,535,618	43,700	0.01%	Call option
Longaeva Partners L.P.	$1,525,006	43,398	0.01%	Shares
AXQ CAPITAL, LP	$1,511,196	43,005	0.01%	Shares
NISA INVESTMENT ADVISORS, LLC	$1,477,356	42,042	0.01%	Shares
Waterloo Capital, L.P.	$1,472,241	41,919	0.01%	Shares
SUSQUEHANNA ADVISORS GROUP, INC.	$1,439,580	40,967	0.01%	Shares
Twin Tree Management, LP	$1,435,293	40,845	0.01%	Shares
CIBC WORLD MARKET INC.	$1,414,069	40,241	0.01%	Shares
Merit Financial Group, LLC	$1,412,879	40,207	0.01%	Shares
Balyasny Asset Management L.P.	$1,409,114	40,100	0.01%	Call option
Daiwa Securities Group Inc.	$1,409,114	40,100	0.01%	Shares
Atom Investors LP	$1,357,634	38,635	0.01%	Shares
PARAGON CAPITAL MANAGEMENT INC	$1,345,651	38,294	0.01%	Shares
BRIGHTON JONES LLC	$1,335,519	38,006	0.01%	Shares
Gradient Investments LLC	$1,331,701	37,897	0.01%	Shares
Farther Finance Advisors, LLC	$1,323,164	37,656	0.01%	Shares
Verition Fund Management LLC	$1,296,666	36,900	0.01%	Put option
Sivia Capital Partners, LLC	$1,286,335	36,606	0.01%	Shares
LOS ANGELES CAPITAL MANAGEMENT LLC	$1,272,455	36,211	0.01%	Shares
Boston Partners	$1,259,560	35,844	0.01%	Shares
XPONANCE LLC	$1,233,625	35,106	0.01%	Shares
Kailix Advisors LLC	$1,229,900	35,000	0.01%	Shares
Encore Global Management, LP	$1,229,900	35,000	0.01%	Shares
Focus Partners Advisor Solutions, LLC	$1,227,143	34,921	0.01%	Shares
Oak Thistle LLC	$1,222,205	34,781	0.01%	Shares
BROWN ADVISORY INC	$1,170,091	33,298	0.01%	Shares
Aquatic Capital Management LLC	$1,124,515	32,001	0.01%	Shares
Alphadyne Asset Management LP	$1,103,396	31,400	0.01%	Put option
Summit Place Financial Advisors, LLC	$1,094,084	31,135	0.01%	Shares
GATEWAY INVESTMENT ADVISERS LLC	$1,089,656	31,009	0.01%	Shares
Arax Advisory Partners	$1,086,275	30,913	0.01%	Shares
State of Wyoming	$1,082,699	30,811	0.01%	Shares
TEACHER RETIREMENT SYSTEM OF TEXAS	$1,075,810	30,615	0.01%	Shares
Skopos Labs, Inc.	$1,055,314	24,866	0.01%	Shares
Fore Capital, LLC	$1,054,200	30,000	0.01%	Shares
MARATHON CAPITAL MANAGEMENT	$1,054,200	30,000	0.01%	Shares
TWIN CAPITAL MANAGEMENT INC	$1,054,165	29,999	0.01%	Shares
PNC Financial Services Group, Inc.	$1,042,604	29,670	0.01%	Shares
BLAIR WILLIAM & CO/IL	$1,030,721	29,332	0.01%	Shares
O'SHAUGHNESSY ASSET MANAGEMENT, LLC	$1,008,659	28,704	0.01%	Shares
Kestra Advisory Services, LLC	$1,007,599	28,674	0.01%	Shares
Fort Sheridan Advisors LLC	$1,001,877	28,511	0.01%	Shares
Wedmont Private Capital	$995,405	29,955	0.01%	Shares
SPIREPOINT PRIVATE CLIENT, LLC	$991,967	28,229	0.01%	Shares
Texas Yale Capital Corp.	$986,907	28,085	0.01%	Shares
Summit Trail Advisors, LLC	$969,302	27,584	0.01%	Shares
LMR Partners LLP	$962,836	27,400	0.01%	Call option
LMR Partners LLP	$962,836	27,400	0.01%	Put option
Vanguard Personalized Indexing Management, LLC	$955,316	27,186	0.01%	Shares
XTX Topco Ltd	$928,961	26,436	0.01%	Shares
SummitTX Capital, L.P.	$907,491	25,825	0.01%	Shares
Integrated Wealth Concepts LLC	$905,862	25,779	0.01%	Shares
D.A. DAVIDSON & CO.	$902,676	25,688	0.01%	Shares
MAI Capital Management	$891,659	25,374	0.01%	Shares
EVERGREEN CAPITAL MANAGEMENT LLC	$885,423	25,197	0.01%	Shares
M&T Bank Corp	$881,168	25,100	0.01%	Shares
Manatuck Hill Partners, LLC	$878,500	25,000	0.01%	Shares
INTECH INVESTMENT MANAGEMENT LLC	$868,837	24,725	0.01%	Shares
OPPENHEIMER ASSET MANAGEMENT INC.	$847,050	24,105	0.01%	Shares
CoreCommodity Management, LLC	$829,796	23,614	0.01%	Shares
Schonfeld Strategic Advisors LLC	$800,313	22,775	0.01%	Shares
FEDERATED HERMES, INC.	$799,154	22,742	0.01%	Shares
ALTFEST L J & CO INC	$798,170	22,714	0.01%	Shares
Garde Capital, Inc.	$787,347	22,406	0.01%	Shares
HB Wealth Management, LLC	$781,830	22,249	0.01%	Shares
Rockefeller Capital Management L.P.	$777,613	22,129	0.01%	Shares
LANDSCAPE CAPITAL MANAGEMENT, L.L.C.	$774,029	22,027	0.01%	Shares
TRUIST FINANCIAL CORP	$757,373	21,553	0.01%	Shares
SMART Wealth LLC	$755,721	21,506	0.01%	Shares
Chicago Partners Investment Group LLC	$743,414	21,198	0.01%	Shares
QUADRANT CAPITAL GROUP LLC	$739,908	21,056	0.01%	Shares
SECURIAN ASSET MANAGEMENT, INC	$729,510	21,731	0.01%	Shares
Bull Harbor Capital LLC	$728,312	20,726	0.01%	Shares
Federation des caisses Desjardins du Quebec	$719,983	20,489	0.01%	Shares
Quadrature Capital Ltd	$709,477	20,190	0.01%	Shares
CITIZENS FINANCIAL GROUP INC/RI	$704,100	20,037	0.01%	Shares
Mitsubishi UFJ Trust & Banking Corp	$700,938	19,947	0.01%	Shares
Swiss Life Asset Management Ltd	$697,388	19,846	0.01%	Shares
Machina Capital S.A.S.	$692,996	19,721	0.01%	Shares
HENNESSY ADVISORS INC	$691,907	19,690	0.01%	Shares
SIG BROKERAGE, LP	$690,606	19,653	0.01%	Shares
Havemeyer Place LP	$686,952	19,549	0.01%	Shares
VIRGINIA RETIREMENT SYSTEMS ET Al	$681,716	19,400	0.01%	Shares
Frec Markets, Inc.	$679,537	19,338	0.01%	Shares
Krilogy Financial LLC	$678,659	19,313	0.01%	Shares
Aster Capital Management (DIFC) Ltd	$678,518	19,309	0.01%	Shares
Summit Financial, LLC	$653,850	18,607	0.01%	Shares
Intellectus Partners, LLC	$651,847	18,550	0.01%	Shares
NorthCrest Asset Manangement, LLC	$635,862	18,436	0.01%	Shares
Stratos Wealth Partners, LTD.	$633,539	18,029	0.01%	Shares
Sumitomo Mitsui Trust Group, Inc.	$632,520	18,000	0.01%	Shares
Citizens National Bank Trust Department	$630,939	17,955	0.01%	Shares
Pinnacle Financial Partners, Inc.	$603,248	17,167	0.01%	Shares
D. E. Shaw & Co., Inc.	$593,866	16,900	0.01%	Call option
AlphaQuest LLC	$592,436	17,192	0.01%	Shares
TWO SIGMA INVESTMENTS, LP	$586,838	16,700	0.01%	Put option
Per Stirling Capital Management, LLC.	$585,503	16,662	0.01%	Shares
Elo Mutual Pension Insurance Co	$585,081	16,650	0.01%	Shares
Empirical Finance, LLC	$572,782	16,300	0.01%	Shares
Verition Fund Management LLC	$568,706	16,184	0.01%	Shares
SYNOVUS FINANCIAL CORP	$560,855	16,712	0.01%	Shares
Coppell Advisory Solutions LLC	$557,441	1	0.01%	Shares
Ensign Peak Advisors, Inc	$555,247	15,801	0.00%	Shares
GUGGENHEIM CAPITAL LLC	$553,350	15,747	0.00%	Shares
J. Safra Sarasin Holding AG	$544,234	15,483	0.00%	Shares
Caitong International Asset Management Co., Ltd	$540,910	15,393	0.00%	Shares
Legacy Capital Group California, Inc.	$539,540	15,354	0.00%	Shares
TWO SIGMA INVESTMENTS, LP	$537,642	15,300	0.00%	Call option
Orion Portfolio Solutions, LLC	$536,396	13,264	0.00%	Shares
ANGELES WEALTH MANAGEMENT, LLC	$536,131	15,257	0.00%	Shares
SIMON QUICK ADVISORS, LLC	$532,758	15,161	0.00%	Shares
SIG BROKERAGE, LP	$527,100	15,000	0.00%	Call option
Maryland State Retirement & Pension System	$516,734	14,705	0.00%	Shares
DNB Asset Management AS	$511,709	14,562	0.00%	Shares
Wellington Shields Capital Management, LLC	$509,530	14,500	0.00%	Shares
Interval Partners, LP	$508,757	14,478	0.00%	Shares
NewEdge Advisors, LLC	$505,807	14,394	0.00%	Shares
Aptus Capital Advisors, LLC	$503,767	14,336	0.00%	Shares
AlphaCore Capital LLC	$502,256	14,293	0.00%	Shares
Barnett & Company, Inc.	$491,960	14,000	0.00%	Shares
Tower Research Capital LLC (TRC)	$488,235	13,894	0.00%	Shares
CWA Asset Management Group, LLC	$480,012	13,660	0.00%	Shares
NOMURA HOLDINGS INC	$477,974	13,602	0.00%	Shares
COMMERCE BANK	$470,735	13,396	0.00%	Shares
Savant Capital, LLC	$467,817	13,313	0.00%	Shares
Skylands Capital, LLC	$463,848	13,200	0.00%	Shares
Beacon Pointe Advisors, LLC	$460,686	13,110	0.00%	Shares
Auxano Advisors, LLC	$453,377	12,902	0.00%	Shares
Sequoia Financial Advisors, LLC	$442,097	12,581	0.00%	Shares
Alphadyne Asset Management LP	$431,379	12,276	0.00%	Shares
CDC Financial, Inc.	$421,680	12,000	0.00%	Shares
EVOLVE PRIVATE WEALTH, LLC	$421,188	11,986	0.00%	Shares
World Investment Advisors	$418,973	10,411	0.00%	Shares
PARK NATIONAL CORP /OH/	$412,895	11,750	0.00%	Shares
Toroso Investments, LLC	$411,590	11,944	0.00%	Shares
Pallas Capital Advisors LLC	$411,033	11,697	0.00%	Shares
ProShare Advisors LLC	$408,010	11,611	0.00%	Shares
Sigma Planning Corp	$406,956	11,581	0.00%	Shares
OSAIC HOLDINGS, INC.	$401,218	11,418	0.00%	Shares
JOURNEY STRATEGIC WEALTH LLC	$400,124	9,428	0.00%	Shares
Gilliland Jeter Wealth Management LLC	$400,069	11,385	0.00%	Shares
Bridgefront Capital, LLC	$395,993	11,269	0.00%	Shares
Allworth Financial LP	$388,091	11,044	0.00%	Shares
WADDELL & ASSOCIATES, LLC	$388,086	11,044	0.00%	Shares
West Family Investments, Inc.	$384,432	10,940	0.00%	Shares
UHLMANN PRICE SECURITIES, LLC	$382,221	10,877	0.00%	Shares
Quarry LP	$370,586	10,546	0.00%	Shares
MEEDER ASSET MANAGEMENT INC	$365,385	10,398	0.00%	Shares
Second Line Capital, LLC	$364,578	10,375	0.00%	Shares
Waverly Advisors, LLC	$364,437	10,371	0.00%	Shares
RITHOLTZ WEALTH MANAGEMENT	$363,875	10,355	0.00%	Shares
Harbour Capital Advisors, LLC	$363,536	10,940	0.00%	Shares
CSS LLC/IL	$363,277	10,338	0.00%	Shares
BANK OF NOVA SCOTIA	$363,172	10,335	0.00%	Shares
NORDEN GROUP LLC	$361,451	10,286	0.00%	Shares
EXCHANGE TRADED CONCEPTS, LLC	$354,738	10,095	0.00%	Shares
TCV Trust & Wealth Management, Inc.	$353,438	10,058	0.00%	Shares
U S GLOBAL INVESTORS INC	$351,400	10,000	0.00%	Shares
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	$351,400	10,000	0.00%	Shares
Aptus Capital Advisors, LLC	$351,400	10,000	0.00%	Put option
SIMPLEX TRADING, LLC	$349,924	9,958	0.00%	Shares
GILL CAPITAL PARTNERS, LLC	$348,167	9,908	0.00%	Shares
Lido Advisors, LLC	$346,254	9,853	0.00%	Shares
Cubist Systematic Strategies, LLC	$345,668	10,300	0.00%	Call option
Cubist Systematic Strategies, LLC	$345,668	10,300	0.00%	Put option
iSAM Funds (UK) Ltd	$344,372	9,800	0.00%	Shares
MISSION WEALTH MANAGEMENT, LP	$343,051	9,762	0.00%	Shares
TRANSCEND CAPITAL ADVISORS, LLC	$342,966	9,760	0.00%	Shares
SHELTON CAPITAL MANAGEMENT	$338,082	9,621	0.00%	Shares
OneDigital Investment Advisors LLC	$336,782	9,584	0.00%	Shares
DAYMARK WEALTH PARTNERS, LLC	$333,760	9,498	0.00%	Shares
CIBC Asset Management Inc	$332,460	9,461	0.00%	Shares
CHOREO, LLC	$330,969	9,418	0.00%	Shares
Saba Capital Management, L.P.	$330,316	9,400	0.00%	Shares
JACKSON THORNTON WEALTH MANAGEMENT, LLC	$327,154	9,310	0.00%	Shares
Fifth Third Wealth Advisors LLC	$326,556	9,293	0.00%	Shares
Moors & Cabot, Inc.	$320,934	9,133	0.00%	Shares
Parcion Private Wealth LLC	$319,809	9,101	0.00%	Shares
Apollon Wealth Management, LLC	$314,503	8,950	0.00%	Shares
Jasper Ridge Partners, L.P.	$313,870	8,932	0.00%	Shares
Sterling Capital Management LLC	$313,765	8,929	0.00%	Shares
EP Wealth Advisors, LLC	$313,227	8,914	0.00%	Shares
COLDSTREAM CAPITAL MANAGEMENT INC	$311,482	8,864	0.00%	Shares
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main	$308,283	8,773	0.00%	Shares
STRS OHIO	$307,756	8,758	0.00%	Shares
North Dakota State Investment Board	$302,801	8,617	0.00%	Shares
Steward Partners Investment Advisory, LLC	$301,853	8,590	0.00%	Shares
GAMMA Investing LLC	$300,658	8,556	0.00%	Shares
Parkside Financial Bank & Trust	$298,726	8,501	0.00%	Shares
GREENWOOD CAPITAL ASSOCIATES LLC	$290,116	8,256	0.00%	Shares
Sanctuary Advisors, LLC	$284,156	8,086	0.00%	Shares
Counterpoint Mutual Funds LLC	$284,107	8,085	0.00%	Shares
EverSource Wealth Advisors, LLC	$276,622	7,872	0.00%	Shares
BOSTON FINANCIAL MANGEMENT LLC	$275,003	7,846	0.00%	Shares
VAN DEN BERG MANAGEMENT I, INC	$268,716	7,647	0.00%	Shares
Rothschild Wealth LLC	$264,710	7,533	0.00%	Shares
Caerus Investment Advisors, LLC	$249,213	7,092	0.00%	Shares
NewEdge Wealth, LLC	$248,676	7,077	0.00%	Shares
KFG WEALTH MANAGEMENT, LLC	$248,159	7,062	0.00%	Shares
SNOWWATER INVESTMENT PARTNERS, LLC	$247,561	7,045	0.00%	Shares
BEESE FULMER INVESTMENT MANAGEMENT, INC.	$245,277	6,980	0.00%	Shares
KESTRA PRIVATE WEALTH SERVICES, LLC	$244,434	6,956	0.00%	Shares
Savvy Advisors, Inc.	$243,274	6,923	0.00%	Shares
QRG CAPITAL MANAGEMENT, INC.	$242,238	6,894	0.00%	Shares
Concurrent Investment Advisors, LLC	$239,233	6,808	0.00%	Shares
Essential Partners LLC	$238,425	6,785	0.00%	Shares
Atria Investments, Inc	$237,687	6,764	0.00%	Shares
Meiji Yasuda Asset Management Co Ltd.	$237,617	6,762	0.00%	Shares
RIVERSEDGE ADVISORS, LLC	$235,789	6,710	0.00%	Shares
IFP Advisors, Inc	$232,697	6,622	0.00%	Shares
Fieldview Capital Management, LLC	$229,359	6,527	0.00%	Shares
Modern Wealth Management, LLC	$227,320	6,469	0.00%	Shares
Capstone Wealth Management, LLC	$227,040	6,461	0.00%	Shares
Meeder Advisory Services, Inc.	$225,037	6,404	0.00%	Shares
Private Advisor Group, LLC	$221,382	6,300	0.00%	Shares
Ballentine Partners, LLC	$217,130	6,179	0.00%	Shares
&PARTNERS	$216,427	6,159	0.00%	Shares
SAGE RHINO CAPITAL LLC	$212,843	6,057	0.00%	Shares
Strive Financial Group ,LLC	$211,191	6,010	0.00%	Shares
Alta Wealth Advisors LLC	$211,051	6,006	0.00%	Shares
SYM FINANCIAL Corp	$209,645	5,966	0.00%	Shares
MONTGOMERY INVESTMENT MANAGEMENT INC	$207,326	5,900	0.00%	Shares
Plato Investment Management Ltd	$206,501	5,911	0.00%	Shares
KNIGHTSBRIDGE ASSET MANAGEMENT, LLC	$206,483	5,876	0.00%	Shares
BANCO BILBAO VIZCAYA ARGENTARIA, S.A.	$202,813	5,700	0.00%	Shares
SPROTT INC.	$202,055	5,750	0.00%	Shares
BRIDGES INVESTMENT MANAGEMENT INC	$201,458	5,733	0.00%	Shares
ANCHYRA PARTNERS LLC	$201,247	5,727	0.00%	Shares
CHILTON CAPITAL MANAGEMENT LLC	$188,527	5,365	0.00%	Shares
Leonteq Securities AG	$180,198	5,128	0.00%	Shares
CAAS CAPITAL MANAGEMENT LP	$177,936	4,400	0.00%	Call option
Spartan Fund Management Inc.	$157,725	4,500	0.00%	Shares
Smartleaf Asset Management LLC	$156,323	4,539	0.00%	Shares
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	$156,267	4,447	0.00%	Shares
SIGNATUREFD, LLC	$150,621	4,286	0.00%	Shares
WESTPAC BANKING CORP	$141,755	4,034	0.00%	Shares
Quent Capital, LLC	$127,734	3,635	0.00%	Shares
Parallel Advisors, LLC	$124,497	3,542	0.00%	Shares
Versant Capital Management, Inc	$119,335	3,396	0.00%	Shares
UMB Bank, n.a.	$118,352	3,368	0.00%	Shares
Qube Research & Technologies Ltd	$115,962	3,300	0.00%	Call option
SPIRIT OF AMERICA MANAGEMENT CORP/NY	$105,420	3,000	0.00%	Shares
Pinpoint Asset Management (Singapore) Pte. Ltd.	$105,315	2,997	0.00%	Shares
Lindbrook Capital, LLC	$103,971	2,571	0.00%	Shares
Global Retirement Partners, LLC	$99,622	2,835	0.00%	Shares
Founders Capital Management	$98,392	2,800	0.00%	Shares
True Wealth Design, LLC	$88,026	2,505	0.00%	Shares
UBS Group AG	$87,850	2,500	0.00%	Put option
Morse Asset Management, Inc	$84,336	2,400	0.00%	Shares
CoreCap Advisors, LLC	$82,614	2,351	0.00%	Shares
Geneos Wealth Management Inc.	$80,822	2,300	0.00%	Shares
NOMURA ASSET MANAGEMENT CO LTD	$74,145	2,110	0.00%	Shares
Blue Trust, Inc.	$72,635	2,067	0.00%	Shares
Banque Transatlantique SA	$65,642	1,868	0.00%	Shares
1620 INVESTMENT ADVISORS, INC.	$59,351	1,689	0.00%	Shares
SBI Securities Co., Ltd.	$57,524	1,637	0.00%	Shares
NATIONAL BANK OF CANADA /FI/	$57,218	1,628	0.00%	Shares
McIlrath & Eck, LLC	$53,262	1,255	0.00%	Shares
UBS Group AG	$52,710	1,500	0.00%	Call option
SBI Okasan Asset Management Co.Ltd.	$44,772	1,300	0.00%	Shares
Pinnacle Wealth Planning Services, Inc.	$44,698	1,272	0.00%	Shares
HARBOUR INVESTMENTS, INC.	$42,303	1,204	0.00%	Shares
MARK SHEPTOFF FINANCIAL PLANNING, LLC	$42,168	1,200	0.00%	Shares
Clearstead Advisors, LLC	$41,711	1,187	0.00%	Shares
North Star Investment Management Corp.	$38,654	1,100	0.00%	Shares
Deseret Mutual Benefit Administrators	$38,197	1,087	0.00%	Shares
PenderFund Capital Management Ltd.	$36,440	1,037	0.00%	Shares
Bayforest Capital Ltd	$36,370	1,035	0.00%	Shares
PRICE T ROWE ASSOCIATES INC /MD/	$36,023	1,025,085	0.00%	Shares
Sunbelt Securities, Inc.	$35,989	848	0.00%	Shares
T. Rowe Price Investment Management, Inc.	$35,556	1,011,831	0.00%	Shares
GW&K Investment Management, LLC	$33,346	948,928	0.00%	Shares
SALEM INVESTMENT COUNSELORS INC	$33,138	943	0.00%	Shares
CAAS CAPITAL MANAGEMENT LP	$32,352	800	0.00%	Put option
HAP Trading, LLC	$31,509	48,000	0.00%	Put option
Rakuten Securities, Inc.	$30,958	881	0.00%	Shares
Larson Financial Group LLC	$29,236	832	0.00%	Shares
HRT FINANCIAL LP	$29,136	829,164	0.00%	Shares
Mitsubishi UFJ Asset Management Co., Ltd.	$28,850	821	0.00%	Shares
EASTERN BANK	$26,355	750	0.00%	Shares
Silver Grove Financial Group, Inc.	$26,039	741	0.00%	Shares
DiNuzzo Private Wealth, Inc.	$22,663	534	0.00%	Shares
Wealth Enhancement Trust Services, Inc.	$21,471	611	0.00%	Shares
FTB Advisors, Inc.	$18,247	453	0.00%	Shares
MassMutual Private Wealth & Trust, FSB	$18,238	519	0.00%	Shares
Financial Network Wealth Advisors LLC	$17,746	505	0.00%	Shares
S&CO INC	$17,731	504,602	0.00%	Shares
Hillsdale Investment Management Inc.	$17,570	500	0.00%	Shares
Quantbot Technologies LP	$17,359	494	0.00%	Shares
NFSG Corp	$15,391	438	0.00%	Shares
Millstone Evans Group, LLC	$14,548	414	0.00%	Shares
CVA Family Office, LLC	$14,372	409	0.00%	Shares
Qube Research & Technologies Ltd	$14,056	400	0.00%	Put option
Community Bank, N.A.	$13,770	392	0.00%	Shares
Hilton Head Capital Partners, LLC	$13,634	388	0.00%	Shares
Activest Wealth Management	$13,353	380	0.00%	Shares
NATIXIS ADVISORS, LLC	$13,240	376,804	0.00%	Shares
VISION FINANCIAL MARKETS LLC	$12,743	365	0.00%	Shares
EVOLUTION WEALTH MANAGEMENT INC.	$12,299	350	0.00%	Shares
HUNTINGTON NATIONAL BANK	$12,230	348	0.00%	Shares
Fortitude Family Office, LLC	$11,421	325	0.00%	Shares
SJS Investment Consulting Inc.	$11,175	318	0.00%	Shares
Arlington Trust Co LLC	$10,647	303	0.00%	Shares
Legacy Investment Solutions, LLC	$10,272	255	0.00%	Shares
Red Tortoise LLC	$9,889	233	0.00%	Shares
Cassaday & Co Wealth Management LLC	$9,875	281	0.00%	Shares
JFS WEALTH ADVISORS, LLC	$9,762	230	0.00%	Shares
NEW YORK STATE TEACHERS RETIREMENT SYSTEM	$9,756	277,627	0.00%	Shares
Acumen Wealth Advisors, LLC	$9,137	260	0.00%	Shares
FARMERS & MERCHANTS INVESTMENTS INC	$9,066	258	0.00%	Shares
HighMark Wealth Management LLC	$8,785	250	0.00%	Shares
PICTON MAHONEY ASSET MANAGEMENT	$8,398	239	0.00%	Shares
FIDUCIARY FINANCIAL ADVISORS	$8,012	231	0.00%	Shares
TD Waterhouse Canada Inc.	$7,621	218	0.00%	Shares
ARMSTRONG ADVISORY GROUP, INC	$7,028	200	0.00%	Shares
AdvisorNet Financial, Inc	$6,571	187	0.00%	Shares
Private Wealth Management Group, LLC	$6,080	173	0.00%	Shares
Treasurer of the State of North Carolina	$5,992	170,532	0.00%	Shares
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/	$5,974	170	0.00%	Shares
CANADA LIFE ASSURANCE Co	$5,933	168,869	0.00%	Shares
Keating Financial Advisory Services, Inc.	$5,904	168	0.00%	Shares
ASSETMARK, INC	$5,587	159	0.00%	Shares
HIGHLINE WEALTH PARTNERS LLC	$5,517	157	0.00%	Shares
AMALGAMATED BANK	$4,620	131,469	0.00%	Shares
ORG Partners LLC	$4,548	132	0.00%	Shares
BFSG, LLC	$4,288	122	0.00%	Shares
Thrivent Financial for Lutherans	$4,118	117,186	0.00%	Shares
Independence Bank of Kentucky	$3,514	100	0.00%	Shares
Creative Capital Management Investments LLC	$3,338	95	0.00%	Shares
ELEVATION WEALTH PARTNERS, LLC	$3,304	94	0.00%	Shares
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	$3,215	91,481	0.00%	Shares
JPL Wealth Management, LLC	$3,164	90	0.00%	Shares
Clearstead Trust, LLC	$3,058	87	0.00%	Shares
Transamerica Financial Advisors, LLC	$2,951	84	0.00%	Shares
Prestige Wealth Management Group LLC	$2,847	81	0.00%	Shares
Colonial Trust Co / SC	$2,846	81	0.00%	Shares
Pacer Advisors, Inc.	$2,829	80,501	0.00%	Shares
Fourth Dimension Wealth, LLC	$2,636	75	0.00%	Shares
BROWN, LISLE/CUMMINGS, INC.	$2,565	73	0.00%	Shares
Signature Equity Partners, LLC	$2,565	73	0.00%	Shares
NBT BANK, N.A.	$2,495	71	0.00%	Shares
Hughes Financial Services, LLC	$2,460	70	0.00%	Shares
Capital A Wealth Management, LLC	$2,404	106	0.00%	Shares
Rialto Wealth Management, LLC	$2,285	65	0.00%	Shares
Persistent Asset Partners Ltd	$2,284	65	0.00%	Shares
THURSTON, SPRINGER, MILLER, HERD & TITAK, INC.	$2,213	63	0.00%	Shares
NEW MEXICO EDUCATIONAL RETIREMENT BOARD	$2,137	60,800	0.00%	Shares
Sachetta, LLC	$2,109	60	0.00%	Shares
CREATIVE FINANCIAL DESIGNS INC /ADV	$2,073	59	0.00%	Shares
Raiffeisen Bank International AG	$1,852	143,932	0.00%	Call option
Cromwell Holdings LLC	$1,757	50	0.00%	Shares
WPG Advisers, LLC	$1,757	50	0.00%	Shares
Bay Harbor Wealth Management, LLC	$1,757	50	0.00%	Shares
MCF Advisors LLC	$1,722	49	0.00%	Shares
Bare Financial Services, Inc	$1,722	49	0.00%	Shares
TD PRIVATE CLIENT WEALTH LLC	$1,687	48	0.00%	Shares
Bell Investment Advisors, Inc	$1,617	46	0.00%	Shares
SouthState Bank Corp	$1,617	46	0.00%	Shares
PRIVATE TRUST CO NA	$1,581	45	0.00%	Shares
Cornerstone Planning Group LLC	$1,517	43	0.00%	Shares
HFM Investment Advisors, LLC	$1,512	43	0.00%	Shares
MANNING & NAPIER ADVISORS LLC	$1,446	42	0.00%	Shares
Owl Creek Wealth Partners LLC	$1,406	40	0.00%	Shares
Cornerstone Financial Management LLC	$1,300	37	0.00%	Shares
SG Americas Securities, LLC	$1,222	34,785	0.00%	Shares
Accordant Advisory Group Inc	$1,160	33	0.00%	Shares
Principia Wealth Advisory, LLC	$1,160	33	0.00%	Shares
Whipplewood Advisors, LLC	$1,124	32	0.00%	Shares
PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO	$1,063	30,242	0.00%	Shares
Retirement Wealth Solutions LLC	$1,055	30	0.00%	Shares
TOTH FINANCIAL ADVISORY CORP	$1,055	30	0.00%	Shares
State of Alaska, Department of Revenue	$1,013	28,841	0.00%	Shares
FIRST HORIZON CORP	$949	27	0.00%	Shares
Annandale Capital, LLC	$930	26,464	0.00%	Shares
LRI Investments, LLC	$843	24	0.00%	Shares
Bogart Wealth, LLC	$843	24	0.00%	Shares
GSA CAPITAL PARTNERS LLP	$832	23,681	0.00%	Shares
South Dakota Investment Council	$828	23,558	0.00%	Shares
Rossby Financial, LCC	$808	23	0.00%	Shares
Ares Financial Consulting, LLC	$738	21	0.00%	Shares
Distillate Capital Partners LLC	$597	17	0.00%	Shares
DecisionPoint Financial, LLC	$594	17	0.00%	Shares
Valued Wealth Advisors LLC	$563	16	0.00%	Shares
Janney Montgomery Scott LLC	$554	15,765	0.00%	Shares
Physician Wealth Advisors, Inc.	$528	15	0.00%	Shares
Stone House Investment Management, LLC	$492	14	0.00%	Shares
Addison Advisors LLC	$457	13	0.00%	Shares
SHP Wealth Management	$456	13	0.00%	Shares
Salomon & Ludwin, LLC	$454	13	0.00%	Shares
Cambridge Investment Research Advisors, Inc.	$422	12,001	0.00%	Shares
PIN OAK INVESTMENT ADVISORS INC	$410	11,675	0.00%	Shares
Decker Retirement Planning Inc.	$399	11	0.00%	Shares
GHP Investment Advisors, Inc.	$382	9	0.00%	Shares
Beaird Harris Wealth Management, LLC	$352	10	0.00%	Shares
BROWN BROTHERS HARRIMAN & CO	$351	10	0.00%	Shares
KBC Group NV	$343	9,756	0.00%	Shares
MV CAPITAL MANAGEMENT, INC.	$282	8	0.00%	Shares
Bruce G. Allen Investments, LLC	$281	8	0.00%	Shares
MOTCO	$246	7	0.00%	Shares
PARK AVENUE SECURITIES LLC	$230	6,549	0.00%	Shares
American Capital Advisory, LLC	$211	6	0.00%	Shares
DekaBank Deutsche Girozentrale	$198	4,523	0.00%	Shares
MARYLAND CAPITAL ADVISORS INC.	$141	4	0.00%	Shares
PAYDEN & RYGEL	$137	3,910	0.00%	Shares
JTC Employer Solutions Trustee Ltd	$123	3,500	0.00%	Shares
IMA Advisory Services, Inc.	$105	3	0.00%	Shares
FNY Investment Advisers, LLC	$87	2,500	0.00%	Shares
ACADIAN ASSET MANAGEMENT LLC	$75	2,139	0.00%	Shares
3 FACTOR INDEXING, LLC	$71	2	0.00%	Shares
Cassady Schiller Wealth Management, LLC	$70	2	0.00%	Shares
Plante Moran Financial Advisors, LLC	$70	2	0.00%	Shares
BESSEMER GROUP INC	$69	1,959	0.00%	Shares
Covestor Ltd	$65	1,844	0.00%	Shares
TFC Financial Management, Inc.	$36	1	0.00%	Shares
CX Institutional	$22	619	0.00%	Shares
Hemington Wealth Management	$11	330	0.00%	Shares
Capital Advisors, Ltd. LLC	$8	217	0.00%	Shares
Financial Connections Group, Inc.	$8	200	0.00%	Shares
Avion Wealth	$2	72	0.00%	Shares
Winthrop Capital Management, LLC	$2	54	0.00%	Shares
Navigoe, LLC	$0	13	0.00%	Shares

Activists & 5%+ owners 3 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer	Filed	Stake	Status	Purpose	Filing
Paul M. Rady ×4 filings	Nov. 21, 2019	·	Initial filing	Passive investment	SEC
Antero Resources Corporation ×9 filings	March 14, 2019	·	Initial filing	·	SEC
SailingStone Capital Partners LLC, SailingStone Holdings LLC, MacKenzie B. Davis, Kenneth L. Settles Jr. ×2 filings	Feb. 14, 2018	·	Initial filing	·	SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 27 insiders · 11 officers · 17 directors

Insider	Role	Last activity	Shares owned	Buys 12m	Sells 12m	Net 12m
Michael N. Kennedy	Chief Executive Officer & President	May 4, 2026 S	1,085,192	0	2	$-7,309,345
Paul M Rady	Chairman of the Board, Chief Executive Officer & President	May 6, 2025 M	11,889,973	0	0	$0
Brendan E. Krueger	Chief Financial Officer, Senior Vice President - Finance and Treasurer	March 16, 2026 M	328,619	2	0	$333,500
Glen C Warren Jr	Director, President & Chief Financial Officer	April 22, 2021 M	9,555,870	0	0	$0
Yvette K Schultz	Senior Vice President - Legal, Chief Compliance Officer, General Counsel and Corporate Secretary	May 4, 2026 S	277,665	0	3	$-2,140,602
Sheri Pearce	Senior Vice President - Accounting and Chief Accounting Officer	March 10, 2026 S	50,658	0	1	$-749,903
Patrick W Ash	Senior Vice President - Reserves, Planning and Midstream	Oct. 19, 2022 A	909,368	0	0	$0
Alvyn A. Schopp	Chief Administrative Officer & Regional Senior Vice President	July 20, 2021 F	2,568,401	0	0	$0
Phil K. Yoo	Vice President - Accounting, Chief Accounting Officer and Corporate Controller	April 15, 2020 F	84,598	0	0	$0
Kevin J. Kilstrom	Senior VP - Production	April 15, 2019 A	108,113	0	0	$0
Ward D. Mcneilly	Senior Vice President - Reserves, Planning and Midstream	April 15, 2018 F	248,716	0	0	$0
Jeffrey S. Munoz	Director	July 10, 2026 A	10,604	0	0	$0
Jacqueline C Mutschler	Director	July 10, 2026 A	69,991	0	0	$0
Benjamin A. Hardesty	Director	July 10, 2026 A	154,336	0	2	$-960,000
Brenda R Schroer	Director	July 10, 2026 A	38,661	0	0	$0
Vicky Sutil	Director	July 10, 2026 A	104,458	0	0	$0
Howard W Keenan JR	Director	July 10, 2026 A	372,938	0	0	$0
Thomas B Tyree JR	Director	July 10, 2026 A	104,458	0	0	$0
Robert J Clark	Director	April 10, 2025 A	76,589	0	0	$0
Paul Korus	Director	April 12, 2021 A	102,640	0	0	$0
Joyce E. Mcconnell	Director	Jan. 10, 2020 A	66,988	0	0	$0
James R. Levy	Director	June 10, 2019 S	0	0	0	$0
Peter Kagan	Director	June 10, 2019 S	0	0	0	$0
Richard W. Connor	Director	Jan. 10, 2019 A	30,749	0	0	$0
Christopher Reid Manning	Director	Feb. 29, 2016 S	16,184,738	0	0	$0
ANTERO RESOURCES Corp	10% owner	March 12, 2019 J	0	0	0	$0
Antero Resources Investment LLC	10% owner	Nov. 23, 2015 J	0	0	0	$0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 124 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund	Weight	Units	As of	Source
LNGX · Global X Funds	4.43%	70,995 NS	May 31, 2026	N-PORT
BESF · EA Series Trust	4.30%	39,572 NS	May 29, 2026	N-PORT
NBET · Neuberger Berman ETF Trust	3.59%	40,972 NS	April 30, 2026	N-PORT
FXN · First Trust Exchange-Traded AlphaDE…	3.52%	1,085,540 NS	April 30, 2026	N-PORT
FCG · First Trust Exchange-Traded Fund	3.50%	587,375 NS	June 30, 2026	N-PORT
TNGY · Tortoise Capital Series Trust	3.37%	502,097 NS	May 31, 2026	N-PORT
MGNR · AMERICAN BEACON SELECT FUNDS	3.14%	636,978 NS	April 30, 2026	N-PORT
XOP · SPDR SERIES TRUST	2.68%	2,221,928 NS	June 30, 2026	N-PORT
PXE · Invesco Exchange-Traded Fund Trust	2.63%	59,570 SH	Sept. 11, 2026	Daily
LENS · EA Series Trust	1.93%	28,507 NS	May 29, 2026	N-PORT
FTIF · First Trust Exchange-Traded Fund	1.71%	2,642 NS	June 30, 2026	N-PORT
GUSH · Direxion Shares ETF Trust	1.70%	128,664 NS	April 30, 2026	N-PORT
IEO · iShares Trust	1.69%	325,733 SH	Sept. 11, 2026	Daily
DVLU · First Trust Exchange-Traded Fund VI	1.58%	20,528 NS	June 30, 2026	N-PORT
POWR · iShares, Inc.	1.55%	180,189 SH	Sept. 11, 2026	Daily
GRZZ · Tidal Trust II	1.53%	14,490 NS	April 30, 2026	N-PORT
USAI · Pacer Funds Trust	1.16%	32,132 NS	April 30, 2026	N-PORT
FFSM · FIDELITY COVINGTON TRUST	1.10%	362,367 NS	April 30, 2026	N-PORT
DRLL · EA Series Trust	1.02%	75,823 NS	June 30, 2026	N-PORT
DSMC · ETF Series Solutions	0.92%	33,846 NS	June 30, 2026	N-PORT
PPI · INVESTMENT MANAGERS SERIES TRUST II	0.84%	36,822 NS	June 30, 2026	N-PORT
MDYV · SPDR SERIES TRUST	0.59%	451,951 NS	June 30, 2026	N-PORT
IVOV · VANGUARD ADMIRAL FUNDS	0.59%	252,747 SH	Aug. 19, 2026	Daily
FNK · First Trust Exchange-Traded AlphaDE…	0.52%	28,727 NS	April 30, 2026	N-PORT
DFAT · Dimensional ETF Trust	0.50%	1,736,275 NS	April 30, 2026	N-PORT
FENY · FIDELITY COVINGTON TRUST	0.48%	248,826 NS	April 30, 2026	N-PORT
VDE · VANGUARD WORLD FUND	0.48%	1,516,398 SH	Aug. 19, 2026	Daily
IYE · iShares Trust	0.47%	227,623 SH	Sept. 11, 2026	Daily
ESSC · Strategy Shares	0.46%	3,026 NS	April 30, 2026	N-PORT
DFSV · Dimensional ETF Trust	0.44%	843,871 NS	April 30, 2026	N-PORT
MIDE · DBX ETF Trust	0.42%	394 NS	May 29, 2026	N-PORT
BTAL · AGF Investments Trust	0.40%	31,878 NS	June 30, 2026	N-PORT
QVMM · Invesco Exchange-Traded Fund Trust …	0.37%	39,343 SH	Sept. 11, 2026	Daily
PTMC · Pacer Funds Trust	0.34%	33,628 NS	April 30, 2026	N-PORT
BKMC · BNY Mellon ETF Trust	0.30%	47,242 NS	April 30, 2026	N-PORT
JPME · J.P. Morgan Exchange-Traded Fund Tr…	0.30%	33,106 NS	April 30, 2026	N-PORT
FLDZ · Elevation Series Trust	0.29%	339 NS	June 30, 2026	N-PORT
SPMD · SPDR SERIES TRUST	0.28%	1,489,911 NS	June 30, 2026	N-PORT
IGE · iShares Trust	0.28%	57,477 SH	Sept. 11, 2026	Daily
IVOO · VANGUARD ADMIRAL FUNDS	0.28%	475,766 SH	Aug. 19, 2026	Daily
ESML · iShares Trust	0.27%	194,651 SH	Sept. 11, 2026	Daily
RWK · Invesco Exchange-Traded Fund Trust …	0.26%	87,594 SH	Sept. 11, 2026	Daily
MMSC · First Trust Exchange-Traded Fund VI…	0.26%	3,840 NS	May 31, 2026	N-PORT
EQAL · Invesco Exchange-Traded Fund Trust …	0.26%	54,463 SH	Sept. 11, 2026	Daily
FNX · First Trust Exchange-Traded AlphaDE…	0.25%	85,548 NS	April 30, 2026	N-PORT
JMEE · J.P. Morgan Exchange-Traded Fund Tr…	0.25%	206,024 NS	June 30, 2026	N-PORT
SMDX · Tidal Trust III	0.25%	7,909 NS	April 30, 2026	N-PORT
AVMV · AMERICAN CENTURY ETF TRUST	0.25%	42,874 NS	May 31, 2026	N-PORT
EZM · WisdomTree Trust	0.25%	65,445 NS	June 30, 2026	N-PORT
ISCG · iShares Trust	0.24%	59,242 SH	Sept. 11, 2026	Daily
VFVA · VANGUARD WELLINGTON FUND	0.23%	56,423 SH	Aug. 19, 2026	Daily
MIDU · Direxion Shares ETF Trust	0.23%	4,855 NS	April 30, 2026	N-PORT
MVV · ProShares Trust	0.23%	10,129 NS	May 31, 2026	N-PORT
BBMC · J.P. Morgan Exchange-Traded Fund Tr…	0.21%	107,165 NS	April 30, 2026	N-PORT
NANR · SPDR INDEX SHARES FUNDS	0.20%	41,358 NS	June 30, 2026	N-PORT
SCHM · SCHWAB STRATEGIC TRUST	0.19%	793,577 NS	May 31, 2026	N-PORT
CCNR · Financial Investors Trust	0.19%	19,305 NS	April 30, 2026	N-PORT
AVIE · AMERICAN CENTURY ETF TRUST	0.18%	523 NS	May 31, 2026	N-PORT
RUSC · Russell Investments Exchange Traded…	0.18%	4,043 NS	June 30, 2026	N-PORT
SMMD · iShares Trust	0.16%	158,417 SH	Sept. 11, 2026	Daily
UMDD · ProShares Trust	0.16%	1,414 NS	May 31, 2026	N-PORT
FAB · First Trust Exchange-Traded AlphaDE…	0.16%	5,519 NS	April 30, 2026	N-PORT
DFAS · Dimensional ETF Trust	0.15%	541,726 NS	April 30, 2026	N-PORT
VBK · VANGUARD INDEX FUNDS	0.14%	1,948,948 SH	Aug. 19, 2026	Daily
ONEO · SPDR SERIES TRUST	0.14%	1,141 NS	June 30, 2026	N-PORT
AVMC · AMERICAN CENTURY ETF TRUST	0.14%	15,581 NS	May 31, 2026	N-PORT
JHMM · John Hancock Exchange-Traded Fund T…	0.13%	211,383 NS	June 30, 2026	N-PORT
VXF · VANGUARD INDEX FUNDS	0.12%	3,378,767 SH	Aug. 19, 2026	Daily
VB · VANGUARD INDEX FUNDS	0.12%	6,751,924 SH	Aug. 19, 2026	Daily
IWS · iShares Trust	0.11%	443,506 SH	Sept. 11, 2026	Daily
VBR · VANGUARD INDEX FUNDS	0.11%	2,142,822 SH	Aug. 19, 2026	Daily
WSML · iShares Trust	0.11%	18,576 SH	Sept. 11, 2026	Daily
TILT · FlexShares Trust	0.10%	50,820 NS	April 30, 2026	N-PORT
IWR · iShares Trust	0.09%	1,214,282 SH	Sept. 11, 2026	Daily
DXUV · Dimensional ETF Trust	0.08%	8,077 NS	April 30, 2026	N-PORT
AVLV · AMERICAN CENTURY ETF TRUST	0.07%	262,570 NS	May 31, 2026	N-PORT
EBI · RBB Fund Trust	0.07%	12,121 NS	May 31, 2026	N-PORT
DFUV · Dimensional ETF Trust	0.06%	232,410 NS	April 30, 2026	N-PORT
STXV · EA Series Trust	0.06%	1,268 NS	June 30, 2026	N-PORT
AVUQ · AMERICAN CENTURY ETF TRUST	0.06%	4,250 NS	May 31, 2026	N-PORT
DFAC · Dimensional ETF Trust	0.05%	622,461 NS	April 30, 2026	N-PORT
MSSM · MORGAN STANLEY PATHWAY FUNDS	0.05%	11,461 NS	May 31, 2026	N-PORT
AVLC · AMERICAN CENTURY ETF TRUST	0.05%	17,960 NS	May 31, 2026	N-PORT
DCOR · Dimensional ETF Trust	0.05%	36,249 NS	April 30, 2026	N-PORT
AVUS · AMERICAN CENTURY ETF TRUST	0.04%	149,269 NS	May 31, 2026	N-PORT
IUS · Invesco Exchange-Traded Self-Indexe…	0.04%	9,779 SH	Sept. 11, 2026	Daily
FNDX · SCHWAB STRATEGIC TRUST	0.04%	271,903 NS	May 31, 2026	N-PORT
IUSV · iShares Trust	0.04%	260,688 SH	Sept. 11, 2026	Daily
FNDB · SCHWAB STRATEGIC TRUST	0.04%	13,022 NS	May 31, 2026	N-PORT
PRF · Invesco Exchange-Traded Fund Trust	0.04%	89,040 SH	Sept. 11, 2026	Daily
SCHV · SCHWAB STRATEGIC TRUST	0.03%	147,138 NS	May 31, 2026	N-PORT
IWD · iShares Trust	0.03%	658,535 SH	Sept. 11, 2026	Daily
GVUS · Goldman Sachs ETF Trust	0.03%	3,522 NS	May 31, 2026	N-PORT
VONV · VANGUARD SCOTTSDALE FUNDS	0.03%	179,014 SH	Aug. 19, 2026	Daily
VLU · SPDR SERIES TRUST	0.03%	5,387 NS	June 30, 2026	N-PORT
JHML · John Hancock Exchange-Traded Fund T…	0.03%	8,459 NS	June 30, 2026	N-PORT
DFAU · Dimensional ETF Trust	0.03%	73,451 NS	April 30, 2026	N-PORT
VSLU · ETF Opportunities Trust	0.02%	3,451 NS	June 30, 2026	N-PORT
DFUS · Dimensional ETF Trust	0.02%	90,004 NS	April 30, 2026	N-PORT
IYY · iShares Trust	0.02%	12,571 SH	Sept. 11, 2026	Daily
IWB · iShares Trust	0.02%	200,353 SH	Sept. 11, 2026	Daily
ITOT · iShares Trust	0.02%	383,625 SH	Sept. 11, 2026	Daily
IWV · iShares Trust	0.02%	79,270 SH	Sept. 11, 2026	Daily
SCHX · SCHWAB STRATEGIC TRUST	0.02%	310,975 NS	May 31, 2026	N-PORT
GUSA · Goldman Sachs ETF Trust II	0.02%	9,931 NS	May 31, 2026	N-PORT
SCHK · SCHWAB STRATEGIC TRUST	0.01%	23,727 NS	May 31, 2026	N-PORT
SPTM · SPDR SERIES TRUST	0.01%	56,887 NS	June 30, 2026	N-PORT
OMFL · Invesco Exchange-Traded Self-Indexe…	0.01%	17,578 SH	Sept. 11, 2026	Daily
SCHB · SCHWAB STRATEGIC TRUST	0.01%	171,491 NS	May 31, 2026	N-PORT
MMTM · SPDR SERIES TRUST	0.01%	639 NS	June 30, 2026	N-PORT
DEUS · DBX ETF Trust	0.01%	834 NS	May 29, 2026	N-PORT
MSLC · MORGAN STANLEY PATHWAY FUNDS	0.01%	11,429 NS	May 31, 2026	N-PORT
VTI · VANGUARD INDEX FUNDS	0.01%	9,349,010 SH	Aug. 19, 2026	Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX…	0.01%	251,320 SH	Aug. 19, 2026	Daily
VONE · VANGUARD SCOTTSDALE FUNDS	0.01%	48,649 SH	Aug. 19, 2026	Daily
VTHR · VANGUARD SCOTTSDALE FUNDS	0.01%	25,023 SH	Aug. 19, 2026	Daily
DFLV · Dimensional ETF Trust	0.00%	6,279 NS	April 30, 2026	N-PORT
ACIM · SPDR INDEX SHARES FUNDS	0.00%	955 NS	June 30, 2026	N-PORT
IJH · iShares Trust	·	10,328,606 SH	Sept. 11, 2026	Daily
IJJ · iShares Trust	·	1,503,165 SH	Aug. 31, 2026	Daily
ISCB · iShares Trust	·	13,423 SH	Sept. 11, 2026	Daily
ISCV · iShares Trust	·	24,868 SH	Sept. 11, 2026	Daily
SMLF · iShares Trust	·	254,551 SH	Sept. 11, 2026	Daily
SMMV · iShares Trust	·	19,903 SH	Sept. 1, 2026	Daily

AR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

rating · 28 analysts BUY

Median target $49.00 +28.6%

8 28.6% Strong Buy

14 50.0% Buy

6 21.4% Hold

0 0.0% Sell

0 0.0% Strong Sell

12-Month Price Target

21 analysts · 2026-09-11

Mean target $49.57 +30.1%

Now Current price $38.10

Low$37.00 Mean$49.57 High$60.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

FY basis, prices as of each company's last fiscal year-end close.

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
AR	$10.63B	17.0	22.0%	12.8%	9.3%	·
OVV	$9.93B	8.2	-2.7%	13.9%	11.5%	·
VNOM	·	-80.5	62.0%	-4.9%	-2.2%	·
APA	$8.63B	6.1	·	·	25.2%	·
VNOM	·	-80.5	62.0%	-4.9%	-2.2%	·
RRC	$8.30B	12.9	28.9%	21.1%	15.6%	·
SM	$2.14B	3.3	17.2%	20.5%	13.8%	·
CHRD	$5.26B	125.3	-7.1%	0.91%	0.55%	·
MTDR	$5.27B	7.0	5.5%	20.5%	14.1%	·
MGY	·	75.5	-0.31%	24.8%	16.3%	·
COP	·	14.7	7.7%	13.6%	12.3%	·

Latest News Recent headlines mentioning this company

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Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

BLUECHIP_DIP Expired Aug 6

risk 1 reward 1.64

entry $34.33 R:R 1.64

No open signal right now — no card is filled, and that's honest.

My Metrics Your personal watchlist — selected rows from Full Fundamentals

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Source: SEC 10-Q filed Jul 29, 2026