Antero Resources (AR) Tops Q3 EPS by 2c; offers Production guidance

Antero Resources (NYSE: AR) reported Q3 EPS of $0.06, $0.02 better than the analyst estimate of $0.04. Revenue for the quarter came in at $1.13 billion versus the consensus estimate of $1.08 billion.

2023 Guidance Updates:

Antero is increasing its full year 2023 production guidance to 3.39 to 3.41 Bcfe/d, an increase at the midpoint of approximately 25 MMcfe/d. The higher than expected volumes are driven by strong well performance and capital efficiency gains.

Increasing full year 2023 production guidance to a range of 3.39 to 3.41 Bcfe/d
Decreasing cash production costs to a range of $2.35 to $2.40 per Mcfe
Decreasing net marketing expense to a range of $0.05 to $0.07 per Mcfe
Decreasing realized natural gas price premium to flat to NYMEX Henry Hub

For earnings history and earnings-related data on Antero Resources (AR) click here.

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