DENVER, May 15, 2024 /PRNewswire/ -- Antero Resources Corporation (NYSE: AR) ("Antero Resources," "Antero," or the "Company") today announced that it has received an investment grade credit rating of BBB- from S&P Global Ratings ("S&P").     On May 15th, 2024, S&P upgraded Antero's corporate and issuer credit ratings to BBB- from BB+ with a stable outlook. The Company has maintained an investment grade credit rating from Fitch Ratings since September of 2022. With these two investment grade credit ratings,  ...

Antero Resources Corporation (NYSE:AR) Q1 2024 Earnings Conference Call April 25, 2024 11:00 AM ET Company Participants Brendan Krueger - VP, Finance & Treasurer Paul Rady - Co-Founder, President, Chairman & CEO David Cannelongo - SVP, Liquids Marketing & Transportation Justin Fowler - SVP, Gas Marketing & Transportation Michael Kennedy - SVP, Finance & CFO Conference Call Participants Arun Jayaram - JPMorgan Chase & Co. Subhasish Chandra - The Benchmark Company Bertrand Donnes - Truist Securities Betty Jia ...

Core Viewpoint - Antero Resources Corporation reported mixed financial results for the first quarter of 2024, with adjusted earnings beating estimates but significantly declining year-over-year, while revenues also surpassed expectations but fell compared to the previous year [1]. Production Summary - Total production in Q1 2024 was 312 billion cubic feet equivalent (Bcfe), a 6% increase from 295 Bcfe a year ago, exceeding estimates of 297 Bcfe [2]. - Natural gas production, which constituted 65% of total production, reached 202 Bcf, up 4% from 194 Bcf year-over-year and above the estimate of 197 Bcf [2]. - Oil production increased by 25% to 1,035 thousand barrels (MBbls) from 831 MBbls in the prior year [2]. - C2 Ethane production was 6,760 MBbls, a 10% increase from 6,141 MBbls year-over-year, though below the estimate of 7,108 MBbls [2]. - C3+ NGLs production was 10,564 MBbls, up 7% from 9,857 MBbls reported a year ago, surpassing the estimate of 10,254 MBbls [2]. Realized Prices Summary - The weighted natural-gas-equivalent price realization was $3.39 per thousand cubic feet equivalent (Mcfe), down from $4.13 a year ago, but above the estimate of $2.75 Mcfe [3]. - Realized natural gas prices fell 32% to $2.35 per Mcf from $3.45 year-over-year, exceeding the estimate of $2.24 per Mcf [3]. - Oil price realization was $62.53 per barrel (Bbl), slightly up from $62.35 a year ago but below the estimate of $65.43 per Bbl [3]. - C3+ NGLs realized price increased to $43.05 per Bbl from $42.95 year-over-year, while C2 Ethane realized price decreased 21% to $9.32 per Bbl from $11.73 [3]. Operating Expenses Summary - Total operating expenses decreased to $1.06 billion from $1.08 billion year-over-year, slightly above the estimate of $1.02 million [4]. - Average lease operating costs were 9 cents per Mcfe, down 10% from 10 cents year-over-year [4]. - Transportation expenses declined 6% to 62 cents per Mcfe, while processing costs increased 1% to 82 cents per Mcfe [4]. Capital Expenditures & Financials - Antero Resources spent $187 million on drilling and completion operations in Q1 2024 and reported no cash and cash equivalents as of March 31, 2024, with long-term debt at $1.51 billion [5]. Guidance - For 2024, Antero Resources raised its net daily natural gas-equivalent production guidance to 3.35-3.4 Bcfe/d, including higher liquid volumes, and lowered cash production expense guidance to $2.40-$2.50 per Mcfe [6].

Antero Resources (AR) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.51 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 75%. A quarter ago, it was expected that this oil and natural gas producer would post earnings of $0.22 per share when it actually produced earnings of $0.22, delivering no surprise.Over the last four quarters, the ...

Exhibit 99.1 Antero Resources Announces First Quarter 2024 Financial and Operating Results Denver, Colorado, April 24, 2024—Antero Resources Corporation (NYSE: AR) ("Antero Resources," "Antero," or the "Company") today announced its first quarter 2024 financial and operating results. The relevant consolidated financial statements are included in Antero Resources' Quarterly Report on Form 10-Q for the quarter ended March 31, 2024. First Quarter 2024 Highlights: · Net production averaged 3.4 Bcfe/d, an increa ...

Table of Contents Title of each class Trading S ( ) Name of each exchange on which i Common Stock, par value $0.01 AR New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission fi ...

Jamie Dimon, the CEO of JPMorgan Chase (NYSE:JPM) criticized the U.S. government’s delays in liquefied natural gas (LNG) projects, attributing them to political reasons intended to appease those opposed to oil and gas initiatives. In his annual shareholder letter, he expressed that halting oil and gas projects is “wrong” and “enormously naïve.” This is the backdrop leading to my natural gas stocks to buy.Meanwhile, the Biden administration has approved 48 billion cubic feet of export capacity, four times th ...

EQT Corporation (EQT) is set to report first-quarter 2024 earnings on Apr 23, after the closing bell.In the last reported quarter, the company’s earnings of 48 cents per share met the Zacks Consensus Estimate, backed by higher sales volumes. EQT’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and met the same once, delivering an average surprise of almost 104%. This is depicted in the graph below.Estimate TrendThe Zacks Consensus Estimate for first-quarter earnings per sh ...

Energy stocks have been sizzling over the past few months. That comes as oil prices have surged amid rising inflation and worsening geopolitical concerns. A potential military action between Israel and Iran has further heightened tensions. Though prices have broadly surged, one part of the energy complex has gotten left out of this rally. Natural gas prices are below $2 per Million Btu (British thermal units), which is near the lowest price seen in the past 25 years. Some of this is weather-related. An unse ...

Core Viewpoint - Antero Resources Corporation (NYSE:AR) has experienced significant stock price appreciation, reaching a five-month high, with a year-over-year increase of 23.6% and over 32.5% in 2024, indicating strong bullish momentum [1][2] Group 1: Stock Performance - The stock was last seen at $30.07, down 0.5%, but previously touched a five-month high [1] - Historical data shows that when AR traded within 2% of its 52-week high with low implied volatility, it typically led to further price increases [1] - A potential return of 17.31% based on historical patterns could elevate the stock price to over $35, a level not seen since December 2022 [2] Group 2: Market Sentiment - The current implied volatility (IV) for AR is at 32%, placing it in the low 5th percentile of its 12-month range, suggesting a bullish outlook [1] - The Schaeffer's put/call open interest ratio (SOIR) of 1.00 indicates a high level of put bias among short-term options traders, sitting in the elevated 99th percentile of its annual range [2] - Sentiment among analysts remains cautious, with nine out of 16 covering analysts rating AR as a "hold" [2]