Antero Resources Q1 net income $213M; production up 3% YoY; liquids surge 17%

ANTERO RESOURCES Corp

2023-Q1 EPS reported $0.69 revenue$1,408,348,000

Net production averaged 3.3 Bcfe/d (+3% YoY); liquids production 187 MBbl/d (+17% YoY).
Pre-hedge gas equivalent price $4.13/Mcfe, a $0.71 premium to NYMEX; NGL price $42.95/bbl (+8% QoQ).
Reported net income $213M; Adjusted EBITDAX $414M; Free Cash Flow $174M.
Repurchased $87M shares in Q1; cumulative $1B buyback (10% shares outstanding) since program start.
Net Debt to trailing twelve-month Adjusted EBITDAX at 0.5x; leverage reduction highlighted.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ANTERO RESOURCES Corp reported the quarter ended March 31, 2023 results: net income $213 million.

Period: the quarter ended March 31, 2023
Net income: $213 million
Result: reported results

Exact text from the filing

0.03 per Mcf premium to NYMEX pricing · Liquids product revenue contributed 45% of total product revenue · Net income was $213 million, Adjusted Net Income was $156 million (Non-GAAP) · Adjusted EBITDAX was $414 million (Non-GAAP); net cash provided by operating activities was $344 million · Free Cash Flow was $174 million (Non-GAAP) · Purchased $87 million of shares · Averaged 11 completion stages per day per completion crew during the first quarter, an increase of

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Source: SEC EDGAR

accession 0001104659-23-050452

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