Antero Resources Q3 2023: net income $18M, production up 9% YoY, raises full-year guidance

ANTERO RESOURCES Corp

2023-Q3 EPS reported $0.48 revenue$3,487,829,000

Net production 3.5 Bcfe/d (+9% YoY); liquids +18% to 202 MBbl/d; natural gas +4% to 2.3 Bcf/d.
Net income $18M; Adjusted EBITDAX $271M; pre-hedge price $3.32/Mcfe ($0.77 premium to NYMEX).
Full-year 2023 production guidance raised to 3.39-3.41 Bcfe/d; cash production costs lowered to $2.35-$2.40/Mcfe.
CEO sees limited U.S. production growth ahead; 75% of gas sold at premium LNG corridor delivery points.
CFO: 2024 maintenance capital below 2023 plan; free cash flow to reduce debt and return capital to shareholders.

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 0.95

ANTERO RESOURCES Corp reported the quarter ended September 30, 2023 results: net income Net income was $18 million. Guidance raised.

Period: the quarter ended September 30, 2023
Net income: Net income was $18 million
Guidance: raised
Result: reported results

Exact text from the filing

On October 25, 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 September 30, 2023.

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Source: SEC EDGAR

accession 0001104659-23-111458

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