Antero Resources (AR) Tops Q4 EPS by 9c, provides guidance

Antero Resources (NYSE: AR) reported Q4 EPS of $0.30, $0.09 better than the analyst estimate of $0.21. Revenue for the quarter came in at $1.19 billion versus the consensus estimate of $1.17 billion.

2024 Guidance Highlights:

Net production is expected to average 3.3 to 3.4 Bcfe/d, including 192 to 204 MBbl/d of liquids

Natural gas production is expected to decline 3% from the prior year
Liquids production is expected to increase 2% from the prior year

Drilling and Completion capital budget is $650 to $700 million, a decrease of 26% from 2023
Land capital budget is $75 to $100 million, a decrease of 41% from 2023
Currently operating two drilling rigs and one completion crew

Released one drilling rig in December 2023.
Released one completion crew in February 2024.

Completed lateral lengths are expected to average 15,500 feet, or 2,000 feet longer than in 2023

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

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