earnings
confidence high
sentiment positive
materiality 0.75
Antero Resources Q1 net income $36M, production up 5%, raises full-year guidance
ANTERO RESOURCES Corp
2024-Q1 EPS reported
$0.12
revenue$1,122,271,000
- Net production averaged 3.4 Bcfe/d (+5% YoY); liquids production 202 MBbl/d (+8% YoY).
- Pre-hedge natural gas equivalent price $3.39/Mcfe, a $1.15 premium to NYMEX of $2.24/MMBtu.
- Net income $36M, Adjusted Net Income $22M (non-GAAP), Adjusted EBITDAX $262M.
- Increased 2024 production guidance to 3.35-3.4 Bcfe/d and C3+ NGL price guidance to $0-$1/bbl premium.
- Free Cash Flow $11M positive in Q1 despite unhedged at low NYMEX gas price.