earnings
confidence high
sentiment positive
materiality 0.75
Antero Q2 net loss $66M, EBITDAX up 34% YoY; raises 2024 production guidance
ANTERO RESOURCES Corp
2024-Q2 EPS reported
-$0.10
revenue$2,100,925,000
- Net loss $66M, adj net loss $60M; production averaged 3.4 Bcfe/d (+1% YoY) with liquids up 10%.
- Adjusted EBITDAX $151M, up 34% YoY; pre-hedge gas price $2.98/Mcfe ($1.09 premium to NYMEX).
- Record capital efficiency: 11.9 stages/day, laterals ~18,000 ft; cycle time reduced 67% in 5 yrs.
- Raised 2024 production guidance to 3.375-3.425 Bcfe/d; C3+ NGL price guidance to $1-$2/bbl premium.
- Achieved investment grade (S&P); new unsecured credit facility; debt reduced $2B since late 2019.