Antero Resources Corp ( (AR) ) has released its Q4 earnings. Here is a breakdown of the information Antero Resources Corp presented to its investors.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Antero Resources Corp is an independent natural gas and natural gas liquids company focused on the acquisition, development, and production of unconventional properties in the Appalachian Basin, mainly operating in West Virginia and Ohio.
In its fourth quarter 2024 earnings report, Antero Resources reported significant operational and financial metrics, including increases in liquids production and a decrease in drilling and completion capital. The company also outlined its 2025 guidance, highlighting raised production targets and a reduction in capital budget.
Key financial highlights from the fourth quarter of 2024 include a net production average of 3.4 Bcfe/d, a notable 14% increase in liquids production compared to the previous year, and a decrease in natural gas production by 7%. Antero achieved a net income of $150 million and adjusted net income of $181 million. Additionally, the company realized a 27% reduction in drilling and completion capital expenditure compared to the prior year.
For the full year 2024, Antero’s net production averaged a 1% increase from the previous year, with drilling and completion capital reduced by 32%. The company’s estimated proved reserves at year-end stood at 17.9 Tcfe, with a large portion classified as proved developed reserves.
Looking forward, Antero Resources has set a 2025 production target ranging from 3.35 to 3.45 Bcfe/d and expects to maintain a significant premium on natural gas and NGL prices relative to market indices. The company aims to continue its focus on capital efficiency and leverage its strong asset base to drive growth and value creation.
