Production and Reserves - Antero Resources reported net production averaging 3.4 Bcfe/d in Q4 2024, with natural gas production at 2.1 Bcf/d (7% decrease) and liquids production at 217 MBbl/d (14% increase) compared to the previous year[5]. - Estimated proved reserves at year-end 2024 were 17.9 Tcfe, with 77% classified as proved developed reserves, totaling 13.7 Tcfe[18][19]. - Antero placed 5 horizontal Marcellus wells to sales in Q4 2024, with an average rate per well of 34 MMcfe/d, including 1,650 Bbl/d of liquids per well[23]. - The company added approximately 4,200 net acres in Q4 2024, representing 15 incremental drilling locations at an average cost of $950,000 per location[17]. - Antero's estimated future development cost for 4.2 Tcfe of proved undeveloped reserves is $0.44 per Mcfe, requiring an estimated $1.8 billion of future development capital over the next five years[20]. Financial Performance - The company achieved Free Cash Flow of $159 million in Q4 2024, with net income of $150 million and Adjusted Net Income of $181 million[15]. - Adjusted Net Income for Q4 2024 was $149,649, a 83% increase from $81,839 in Q4 2023[26]. - Adjusted EBITDAX for Q4 2024 was $331,936, compared to $322,446 in Q4 2023, reflecting a slight increase of 3%[38]. - Free Cash Flow for the year ended December 31, 2024, was $849,288, down from $994,721 in 2023[38]. - Net income attributable to Antero Resources Corporation for the year ended December 31, 2024, was $57,226,000, down from $198,404,000 in 2023, a decrease of 71.2%[49]. - Operating income for the year ended December 31, 2024, was $460,000, a significant drop from $396,247,000 in 2023[49]. - The company reported a net income per common share—diluted of $0.48 for the three months ended December 31, 2024, compared to $0.26 for the same period in 2023[49]. - The company reported a net income attributable to noncontrolling interests of $9,164 for Q4 2024, down from $21,169 in Q4 2023[26]. - Net income for the year ended December 31, 2023, was $297,329, a decrease of 85.1% compared to $1,998,837 in 2022[52]. Revenue and Sales - Total revenue for the year ended December 31, 2024, was $4,681,972,000, a decrease of 6.7% from $4,325,596,000 in 2023[49]. - Natural gas sales decreased to $1,818,297,000 in 2024 from $2,192,349,000 in 2023, representing a decline of 17.0%[49]. - Natural gas liquids sales increased to $2,066,975,000 in 2024 from $1,836,950,000 in 2023, reflecting a growth of 12.5%[49]. - Total operating expenses for the three months ended December 31, 2023, were $1,055,815, an increase of 5% from $1,110,972 in 2024[54]. Costs and Expenditures - Antero's capital expenditures for drilling and completion in Q4 2024 were $120 million, with an additional $22 million invested in land[17]. - Drilling and completion costs on a cash basis for Q4 2024 were $105,552, significantly lower than $204,494 in Q4 2023[39]. - The company anticipates future capital spending plans to improve capital efficiency and reduce costs[42]. Debt and Equity - Net Debt decreased from $1,537,596 in 2023 to $1,489,230 in 2024, indicating improved financial position[28]. - The total long-term debt as of December 31, 2024, was $1,489,230, a decrease from $1,537,596 in 2023[28]. - Total liabilities decreased to $5,793,517,000 in 2024 from $6,383,025,000 in 2023, a reduction of 9.2%[47]. - Stockholders' equity increased to $7,216,533,000 in 2024 from $7,134,214,000 in 2023, an increase of 1.2%[47]. Market Conditions and Pricing - The company anticipates a realized natural gas price premium of $0.10 to $0.20 per Mcf to NYMEX and a C3+ NGL price premium of $1.50 to $2.50 per barrel to Mont Belvieu in 2025[9]. - The average realized natural gas price before hedges in Q4 2024 was $2.77 per Mcf, reflecting a $0.02 discount to the benchmark index price[13]. - Average realized price for natural gas (per Mcf) for the three months ended December 31, 2023, was $2.68, up 3% from $2.76 in 2024[55]. Impairments and Adjustments - The company experienced a significant increase in impairment of property and equipment, rising to $28,475,000 in Q4 2024 from $6,556,000 in Q4 2023[49]. - The company reported a significant increase in impairment of property and equipment, rising 334% to $28,475 for the three months ended December 31, 2024[54]. Strategic Focus - The company is focused on expanding its operations in the Appalachian Basin, enhancing its position as a leading natural gas producer in the U.S.[41].

Table of Contents 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, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 1615 Wynkoop Street, Denver, Colorado (Address of principal executive offices) 80-0162034 (IRS Employer Identification No.) 80202 (Zip Code) (303) 357-7310 (Registrant's telephone number, ...

DENVER, Feb. 12, 2025 /PRNewswire/ -- Antero Resources Corporation (NYSE: AR) ("Antero Resources," "Antero," or the "Company") today announced its fourth quarter 2024 financial and operating results, year end 2024 estimated proved reserves and 2025 guidance. The relevant consolidated financial statements are included in Antero Resources' Annual Report on Form 10-K for the year ended December 31, 2024. Fourth Quarter 2024 Highlights: Net production averaged 3.4 Bcfe/d Natural gas production averaged 2.1 Bcf ...

Analysts on Wall Street project that Antero Resources (AR) will announce quarterly earnings of $0.31 per share in its forthcoming report, representing an increase of 40.9% year over year. Revenues are projected to reach $1.17 billion, declining 1.8% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 21.9% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this pe ...

Core Insights - Crude oil prices significantly influence the global economy and energy markets, with a notable decline in prices impacting investor expectations and earnings outlook for the fourth quarter of 2024 [1][3][4] Oil and Natural Gas Prices - In Q4 2024, West Texas Intermediate crude averaged $70.69 per barrel, down from $78.41 the previous year, attributed to rising global production and softer demand growth [3] - Henry Hub spot price for natural gas averaged $2.44 per million British thermal units (MMBtu) in Q4 2024, down from $2.74 per MMBtu the prior year [3] Earnings Outlook - Energy companies in the S&P 500 are expected to see a 25.6% decline in earnings year-over-year for Q4 2024, despite a 2.1% increase in revenues [4][5] - Approximately 46.2% of S&P 500 energy companies reported earnings down 35% year-over-year, with only a modest 1% revenue growth [5] Performance Metrics - Only 66.7% of energy firms surpassed EPS estimates in Q4, indicating downward pressure on profitability, while revenue beats also stood at 66.7% [6] - The energy sector is projected to earn $25.6 billion in Q4 2024, reflecting a 31.2% decline from the previous quarter and a 25.6% decrease from the year-ago period [11] Sector Analysis - Drilling companies face mixed conditions; strong demand in high-production regions may stabilize business, but lower oil prices could lead to cautious spending [7] - The storage and transportation segment shows resilience, particularly for LNG, benefiting from strong demand despite oil price fluctuations [9] - Exploration and Production (E&P) companies are directly affected by falling oil prices, but those with diversified portfolios and strong hedging strategies are better positioned [10] Company-Specific Insights - Antero Resources Corporation (AR) is expected to report a 40.91% increase in earnings per share, with a positive Earnings ESP of +0.41% and a Zacks Rank 2 [14][15] - Nabors Industries Ltd. (NBR) is projected to report a loss of $1.86 per share, indicating a 51.56% decline from the prior year, with a low chance of an earnings beat due to a Zacks Rank 4 [17][18] - Williams Companies, Inc. (WMB) is expected to report earnings of 45 cents per share, suggesting a 6.25% decline from the previous year, with a Zacks Rank 3 indicating low chances of an earnings beat [19][20]

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Antero Resources despite lower revenues, with a focus on how actual results will compare to estimates [1][3]. Earnings Expectations - Antero Resources is expected to report quarterly earnings of $0.31 per share, reflecting a year-over-year increase of +40.9%, while revenues are projected to be $1.17 billion, a decrease of 1.8% from the previous year [3]. - The consensus EPS estimate has been revised 28.29% higher in the last 30 days, indicating a positive reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model shows a positive Earnings ESP of +0.41%, suggesting a likelihood of beating the consensus EPS estimate [11]. - The stock currently holds a Zacks Rank of 2, further supporting the expectation of an earnings beat [11]. Historical Performance - In the last reported quarter, Antero Resources was expected to post a loss of $0.03 per share but instead reported a loss of $0.12, resulting in a surprise of -300% [12]. - Over the past four quarters, the company has only beaten consensus EPS estimates once [13]. Investment Considerations - While an earnings beat may influence stock movement, other factors can also affect investor sentiment, leading to potential stock declines despite positive earnings [14]. - Monitoring the Earnings ESP and Zacks Rank is crucial for identifying stocks with higher chances of beating earnings expectations [15].

The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Antero Resources (AR) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Antero Resources is one of 248 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the in ...

Core Viewpoint - Antero Resources plans to release its fourth quarter 2024 earnings on February 12, 2025, after market close [1] Group 1: Earnings Release and Conference Call - The earnings release will be followed by a conference call on February 13, 2025, at 9:00 am MT to discuss financial and operational results [2] - Analysts can participate in the call by dialing specific numbers for U.S. and international participants, with a replay available until February 20, 2025 [2] - The live webcast and related presentation will be accessible on Antero's website, with an archive available until February 20, 2025 [2] Group 2: Company Overview - Antero Resources is an independent company focused on natural gas and natural gas liquids, primarily operating in the Appalachian Basin in West Virginia and Ohio [3] - The company is highly integrated with its affiliate, Antero Midstream, making it one of the most integrated natural gas producers in the U.S. [3]

Key TakeawaysAs cold weather snaps, natural gas prices marked their largest one-week percentage gain since January 2022.Stocks of natural gas providers such as Antero Resources and Cotterra Energy stand gain as winter takes hold.Meanwhile, US liquid natural gas exports hit new highs with strong demand from Asian and European markets.Natural gas prices surged 19% last week, briefly surpassing the $4 mark and marking the largest one-week percentage gain since January 2022. This dramatic rise was fueled by a c ...

Company Overview - Antero Resources (AR) is part of the Oils-Energy group, which consists of 250 companies and is currently ranked 11 in the Zacks Sector Rank [2] - The Zacks Rank system, which focuses on earnings estimates and revisions, has assigned Antero Resources a Zacks Rank of 2 (Buy) [3] Performance Analysis - Year-to-date, Antero Resources has gained approximately 8%, outperforming the average gain of 5.5% for Oils-Energy stocks [4] - In comparison, Constellation Energy Corporation (CEG) has seen a year-to-date increase of 9% [4] - Antero Resources belongs to the Oil and Gas - Exploration and Production - United States industry, which has an average gain of 11% this year, indicating that AR is slightly underperforming its industry [6] Industry Context - The Oil and Gas - Exploration and Production - United States industry is ranked 154 in the Zacks Industry Rank [6] - In contrast, Constellation Energy Corporation is part of the Alternative Energy - Other industry, which has experienced a significant increase of 66.2% since the beginning of the year and is ranked 91 [7]