Antero Q2 net loss $83M, production 3.4 Bcfe/d, raises 2023 production guidance 3%

ANTERO RESOURCES Corp

2023-Q2 EPS reported $0.42 revenue$2,361,653,000

Net loss of $83M ($84M adjusted); Adjusted EBITDAX $113M; Net cash from ops $155M.
Net production 3.4 Bcfe/d; liquids up 16% YoY to 192 MBbl/d; natural gas flat at 2.2 Bcf/d.
Pre-hedge nat gas equivalent price $2.89/Mcfe, $0.79 premium to NYMEX; C3+ NGL $34.16/bbl.
FY2023 production guidance raised 3% to 3.35-3.4 Bcfe/d; cash production costs lowered to $2.35-$2.45/Mcfe.
2024 capital requirements expected 10% below 2023 budget; target 50% free cash flow 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 the quarter ended June 30, 2023 guidance (raised).

Period: the quarter ended June 30, 2023
Guidance: raised
Result: reported results

Exact text from the filing

On July 26, 2023, 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 ended June 30, 2023.

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Source: SEC EDGAR

accession 0001104659-23-084313

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