secwatch.observer — SEC 8-K summary
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Issuer:     ANTERO RESOURCES Corp (AR)
CIK:        0001433270
Form:       8-K
Filed at:   2025-02-12T23:59:59+00:00
Accession:  0001104659-25-012276
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Antero Q4 net income $150M; raises 2025 maintenance production target, cuts capex budget
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1433270/000110465925012276/0001104659-25-012276-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1433270/000110465925012276/tm256297d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-012276

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