Antero Resources Q4 net income $95M; 2024 production guidance 3.3-3.4 Bcfe/d, capex down 26%

ANTERO RESOURCES Corp

2023-FY EPS reported $0.78 revenue$4,681,972,000

Q4 net production 3.4 Bcfe/d (+6% YoY); pre-hedge price $3.52/Mcfe, $0.64 premium to NYMEX.
Net income $95M; Adjusted EBITDAX $322M; Free Cash Flow $90M (pre-working capital).
Full year 2023 proved reserves 18.1 Tcfe; 76% developed; future development cost $0.42/Mcfe for 4.3 Tcfe PUDs.
2024 D&C capex $650-700M (-26% YoY); land capex $75-100M (-41%); net production 3.3-3.4 Bcfe/d.
Operating two rigs, one completion crew; released one completion crew in Feb 2024; avg lateral lengths 15,500 ft.

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 financial results for the quarter and year ended December 31, 2023.

Period: the quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 14, 2024, 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, 2023.

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Source: SEC EDGAR

accession 0001104659-24-024018

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