Antero Resources Corp Stock Price, News & Analysis

Antero Resources announced its first quarter 2023 results, showing net production averaging 3.3 Bcfe/d, a 3% increase year-over-year. Liquids production rose by 17%, averaging 187 MBbl/d, while natural gas production decreased by 3% to 2.2 Bcf/d. The company achieved a pre-hedge natural gas equivalent price of $4.13 per Mcfe, significantly above NYMEX pricing. Net income stood at $213 million, with Adjusted EBITDA at $414 million. The firm returned 50% of its Free Cash Flow through share buybacks, purchasing about $87 million worth of shares. Antero completed a world record of 12,340 lateral feet drilled in 24 hours and experienced a decrease in operational costs. The company maintains a strong balance sheet with a 0.5x debt leverage ratio, indicating robust financial health.

Antero Resources (NYSE: AR) will release its Q1 2023 earnings on April 26, 2023, after market close. A conference call to discuss results will take place on April 27, 2023, at 9:00 am MT. Participants can join the call by dialing 877-407-9079 for the U.S. or 201-493-6746 internationally. A replay will be available until May 4, 2023. The company operates in the Appalachian Basin, focusing on natural gas and liquids production. For more details, visit www.anteroresources.com.

On February 15, 2023, Antero Resources (NYSE: AR) announced its fourth quarter and year-end 2022 financial results, highlighting a net income of $730 million and an adjusted net income of $328 million. The company reduced its total debt by $942 million, resulting in a long-term debt of $1.18 billion. Antero's estimated proved reserves increased to 17.8 Tcfe, with a 5% rise in proved developed reserves. For 2023, Antero plans a capital budget of $875 to $925 million, targeting net production of 3.25 to 3.3 Bcfe/d. The company aims to return 50% of free cash flow to shareholders, continuing its strategy of shareholder capital return and debt reduction.

Antero Resources (NYSE: AR) has announced that it will release its fourth quarter 2022 earnings on February 15, 2023, after the market closes. A conference call to discuss financial and operational results will take place on February 16, 2023, at 9:00 am MT. Analysts can participate by calling 877-407-9079 (U.S.) or 201-493-6746 (International). The call will include a Q&A session, and a replay will be available until February 23, 2023. For more information, visit www.anteroresources.com.

Antero Resources Corporation (NYSE: AR) reported strong third-quarter 2022 results with net income of $560 million and adjusted net income of $531 million, reflecting robust production of 3.2 Bcfe/d and free cash flow of $797 million. The company reduced total debt by $404 million, lowering net debt to $1.17 billion, resulting in a net debt to trailing twelve-month adjusted EBITDAX of 0.4x. An increase in share repurchase authorization to $2 billion demonstrates confidence in future cash flows. The firm expects to complete 72 wells by year-end 2022, up from initial guidance, while cash production expenses are revised to $2.55-$2.65 per Mcfe.

Antero Resources (NYSE: AR) will release its third quarter 2022 earnings on October 26, 2022, after market close. A conference call is scheduled for October 27, 2022, at 9:00 am MT to discuss the results and address questions from analysts. Participants can join the call via the provided phone numbers. Antero is known for its operations in the Appalachian Basin, specializing in natural gas and liquids. The earnings and call details can be accessed on their website.

Antero Resources Corporation (NYSE: AR) reported early results for its cash tender offer to purchase up to $300 million of its 7.625% Senior Notes due in 2029. As of the early tender deadline on August 17, 2022, holders had validly tendered $284,733,000 of the Maximum Tender Notes. The company intends to accept $118,344,000 of these notes, applying a proration factor of around 41.56%. Payment for the accepted notes is scheduled for August 19, 2022. The tender offer will expire on August 31, 2022, unless extended.