Antero Resources (AR) Misses Q2 EPS by 3c, provides guidance

Antero Resources (NYSE: AR) reported Q2 EPS of ($0.21), $0.03 worse than the analyst estimate of ($0.18). Revenue for the quarter came in at $978.65 million versus the consensus estimate of $970.95 million.

2024 Full-Year Guidance Updates:

Increasing production guidance range to 3.375 to 3.425 Bcfe/d driven by higher liquids volumes

Increase is despite deferring the turn in line of a five well drilled but uncompleted pad until the end of this year from the third quarter previously

Increasing C3+ NGL realized price guidance to a range of $1.00 to $2.00 per barrel premium to Mont Belvieu pricing, which is expected to increase annual Free Cash Flow by approximately $60 million relative to initial NGL pricing guidance

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

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