earnings
confidence high
sentiment positive
materiality 0.75
Antero Q4 net income $150M; raises 2025 maintenance production target, cuts capex budget
ANTERO RESOURCES Corp
2024-FY EPS reported
$0.18
revenue$4,325,596,000
- Q4 net production 3.4 Bcfe/d; natural gas 2.1 Bcf/d (-7% YoY), liquids 217 MBbl/d (+14% YoY).
- Pre-hedge natural gas price $3.64/Mcfe ($0.85 premium to NYMEX); C3+ NGL $44.29/bbl ($3.09 premium).
- Adjusted EBITDAX $332M; Free Cash Flow $159M; D&C capital $120M (-27% YoY).
- FY 2024 proved reserves 17.9 Tcfe (77% developed); D&C capital $620M (-32% YoY).
- 2025 guidance: production raised 50 MMcfe/d to 3.35-3.45 Bcfe/d; D&C budget cut $25M to $650-700M.