Antero Resources Q4 net income $730M, $272M free cash flow; reduces debt $942M in 2022

ANTERO RESOURCES Corp

2022-FY EPS reported $5.78 revenue$7,138,436,000

Net production averaged 3.2 Bcfe/d (182 MBbl/d liquids); realized pre-hedge nat gas $6.27/Mcf.
Q4 adjusted EBITDAX $565M; free cash flow $272M before working capital changes.
Full year debt reduction of $942M; total long-term debt at year-end $1.18B (0.4x leverage).
Proved reserves increased 5% to 17.8 Tcfe; proved developed 13.4 Tcfe (75% PD).
2023 guidance: production 3.25-3.3 Bcfe/d; D&C capex $875-925M; targeting 50% of FCF return to shareholders.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ANTERO RESOURCES Corp updated its quarter and year ended December 31, 2022 guidance (initiated).

Period: quarter and year ended December 31, 2022
Guidance: initiated
Result: reported results

Exact text from the filing

Antero Resources Corporation issued a press release, a copy of which is attached hereto as Exhibit 99.1 and incorporated by reference herein, announcing its financial and operational results for the quarter and year ended December 31, 2022.

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Source: SEC EDGAR

accession 0001104659-23-022433

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