Despite its ups and downs, the stock market remains one of the easiest ways to become a millionaire. How one uses the market to grow his or her wealth varies widely, however. Between exchange-traded funds, hedge funds, index funds, and all of the individual stocks across the world’s exchanges, it can get confusing.Now, let’s say you want a custom approach and hand-pick your portfolio of stocks in the pursuit of millionaire status. What should your criteria be for investing in the companies that will one day ...

marcoisler/RooM via Getty Images Introduction Generally speaking, I'm very happy with the way things are going. The dividend stocks I own are all doing well, and while economic growth is far from favorable (especially in cyclical industries), I am not expecting any dividend cuts or highly unfavorable financial developments. Unfortunately, that does not apply to all investments in my trading portfolio, which is different from the aforementioned dividend portfolio, as my dividend portfolio holds the majority ...

Antero Resources Corporation (NYSE:AR) Q4 2023 Results Conference Call February 15, 2024 11:00 AM ET Company Participants Brendan Krueger - Chief Financial Officer of Antero Midstream and Vice President of Finance Paul Rady - Chairman, Chief Executive Officer and President Michael Kennedy - Chief Financial Officer Dave Cannelongo - Senior Vice President of Liquids Marketing and Transportation Justin Fowler - Senior Vice President of Natural Gas Marketing Conference Call Participants Arun Jayaram - JPMorgan ...

Antero Resources Corporation (AR) reported fourth-quarter 2023 adjusted earnings of 22 cents per share, which beat the Zacks Consensus Estimate of 18 cents.  However, the bottom line significantly declined from the year-ago quarter’s $1.04.Total quarterly revenues of $1.19 billion surpassed the Zacks Consensus Estimate of $1.17 billion. The top line decreased from the year-ago quarter’s $2.1 billion.Better-than-expected quarterly earnings can be primarily attributed to higher production volumes, driven by s ...

For the quarter ended December 2023, Antero Resources (AR) reported revenue of $1.19 billion, down 42.7% over the same period last year. EPS came in at $0.22, compared to $1.04 in the year-ago quarter.The reported revenue represents a surprise of +2.37% over the Zacks Consensus Estimate of $1.17 billion. With the consensus EPS estimate being $0.22, the company has not delivered EPS surprise.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compa ...

DENVER, Feb. 14, 2024 /PRNewswire/ -- Antero Resources Corporation (NYSE: AR) ("Antero Resources," "Antero," or the "Company") today announced its fourth quarter 2023 financial and operating results, year end 2023 estimated proved reserves and 2024 guidance. The relevant consolidated financial statements are included in Antero Resources' Annual Report on Form 10-K for the year ended December 31, 2023.  Fourth Quarter 2023 Highlights: Net production averaged 3.4 Bcfe/d, an increase of 6% from the year ago p ...

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.01 AR New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 001-36120 ANTERO RESOURCES COR ...

Antero Resources (AR) is set to report fourth-quarter 2023 earnings on Feb 14, after the closing bell.The independent natural gas and natural gas liquids company’s earnings missed the Zacks Consensus Estimate in two of the trailing four quarters and beat the same twice. This is depicted in the graph below.Estimate TrendThe Zacks Consensus Estimate for fourth-quarter earnings per unit of 22 cents has witnessed one downward movement over the past seven days. The estimated figure suggests a significant decline ...

Chun han At this point of winter, nearly everyone knows we have an El Nino winter and they are supposed to be warm. As I mentioned before, those things are not as dependable as many commenters believe. Sure enough, Kinder Morgan (KMI) management just mentioned in the latest conference call how they made up a significant portion of their guidance (which normally includes a cold spell) after a record warm December that had them worried. One of the very few companies that has unusual flexibility to send na ...

Financial Data and Key Metrics Changes - Antero Resources reported a 9% total production growth in Q3 2023 compared to the same period last year, driven by an 18% increase in liquids and a 4% increase in natural gas volumes [7][8] - The company expects production to increase by 225 million cubic feet equivalent per day, or 7%, from the exit rate in 2022 to the exit rate in 2023 [7][8] - Capital efficiency gains are expected to lead to materially lower drilling and completion (D&C) capital in 2024 [7][8] Business Line Data and Key Metrics Changes - Completion pumping hours per day increased to over 17 hours, up nearly 50% from a year ago, contributing to higher completion stages per day [5][6] - Year-to-date completion stages per day averaged 11 stages, a 35% improvement compared to 2022 and nearly a 90% increase from 2019 levels [5][6] Market Data and Key Metrics Changes - Propane export demand has averaged 1.6 million barrels per day year-to-date, about 250,000 barrels per day or 19% above the 2022 full year average [10][11] - The U.S. recently set a new weekly record high for propane exports, with two consecutive weeks above two million barrels per day [10][11] Company Strategy and Development Direction - Antero Resources maintains a focus on organic leasing efforts, having invested approximately $340 million to acquire targeted drilling locations, contrasting with peers who spent $17 billion on acquisitions [8][9] - The company believes that its low-cost inventory position and operational efficiencies will drive shareholder value without the need for M&A [9][75] Management's Comments on Operating Environment and Future Outlook - Management noted that the decline in rig counts, particularly in the Haynesville Basin, will curb production growth in 2024, helping to balance the U.S. natural gas market [15][16] - The company anticipates that storage levels will balance with the five-year average in 2024, providing support to natural gas prices [20][21] Other Important Information - Antero has the largest low-cost inventory with 22 years of sub $2.75 per Mcfe drilling inventory, emphasizing its competitive advantage [8][9] - The company expects to maintain a capital budget approximately 10% lower than 2023 levels while still achieving production targets [27][24] Q&A Session Summary Question: What spurred the change in capital messaging? - Management indicated that production is ahead of expectations, leading to raised guidance and improved capital efficiency [27] Question: Will Antero's operations plan change in a favorable market? - Management stated they would maintain a stable operations plan focused on achieving maintenance capital [29] Question: What are the risks to propane prices heading into next year? - Management highlighted risks related to Gulf Coast pricing and potential maintenance at export facilities impacting export numbers [32][33] Question: What is the outlook for production costs next year? - Management expects flat production costs with a slight increase in taxes due to higher commodity prices [44][45] Question: How does Antero view M&A in the current environment? - Management emphasized a focus on operational efficiencies and organic growth rather than pursuing M&A [75][76]