earnings
confidence high
sentiment neutral
materiality 0.60
Antero Q3 2024 net loss $20M; cuts 2024 capex to $640-660M, defers two pads
ANTERO RESOURCES Corp
2024-Q3 EPS reported
-$0.16
revenue$3,156,845,000
- Net production averaged 3.4 Bcfe/d, down 2% YoY; natural gas down 4%, liquids up 2%.
- Pre-hedge natural gas equivalent price $3.14/Mcfe, a $0.98/Mcfe premium to NYMEX.
- Realized highest C3+ NGL price premium to Mont Belvieu in company history at $2.29/bbl.
- Adjusted EBITDAX $187M, net cash from operations $166M; net loss $20M, adjusted net loss $37M.
- 2024 drilling and completion capex reduced to $640-$660M; deferring one 2024 pad and one early-2025 pad.