Antero Resources(AR)
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Antero Resources Is A Strong U.S. Natural Gas Play
Seeking Alpha· 2024-07-15 15:23
marketlan Antero Resources Corporation (NYSE:AR) is an American hydrocarbon company with a market capitalization of roughly $10 billion. The company has rallied recently, but it remains volatile as natural gas prices remain weak. Despite that, with long-term demand for natural gas, supported by electricity generation and LNG, Antero Resources is a valuable long-term investment. Natural Gas Demand Natural gas demand is expected to grow as power demand continues to grow. Antero Resources Investor Presen ...
Antero Resources Announces Second Quarter 2024 Earnings Release Date and Conference Call
Prnewswire· 2024-07-10 20:15
DENVER, July 10, 2024 /PRNewswire/ -- Antero Resources (NYSE: AR) ("Antero" or the "Company") announced today that the Company plans to issue its second quarter 2024 earnings release on Wednesday, July 31, 2024 after the close of trading on the New York Stock Exchange.A conference call is scheduled on Thursday, August 1, 2024 at 9:00 am MT to discuss the financial and operational results. A brief Q&A session for security analysts will immediately follow the discussion of the results. To participate in the c ...
Here's Why Hold Strategy Is Apt for Antero Resources (AR) Stock
ZACKS· 2024-06-14 16:35
Antero Resources Corporation’s (AR) stock has surged significantly over the past year. The company has also outperformed the Oil/Energy space, its subindustry and the S&P 500 composite during the same period.Price PerformanceOver the past year, Antero Resources’ stock has jumped 56.7% compared with the broader sector’s rise of 11.5% and the Zacks Oil and Gas-U.S. Exploration and Production industry’s growth of 13.5%. Above all, the S&P 500 has jumped 17.5%. Image Source: Zacks Investment Research Given this ...
Why Antero Resources Is One Of My Highest Conviction Ideas
Seeking Alpha· 2024-06-09 07:37
DenisTangneyJr/E+ via Getty Images Introduction On May 28, I wrote an article titled "My Favorites! 3 Highly Attractive Stocks For The Natural Gas-Fueled AI Boom." In that article, I focused on what I believe will be a very long and strong bull case for natural gas prices, fueled by massive energy demand growth due to new AI applications. As much as 8.5 billion cubic feet per day of natural gas could be required additionally to match the rise in demand, the report added. [...] The report estimates cu ...
The 3 Most Undervalued Oil & Gas Stocks to Buy in June 2024
Investor Place· 2024-06-06 14:17
The oil and gas industry just got a rude awakening. The Organization of the Petroleum Exporting Countries and their allied partners, including Russia (OPEC+), agreed to extend production cuts into 2025. Beginning later this year, however, additional voluntary reductions will end. The price of oil fell on the news.Brent crude now trades at $77 a barrel, while West Texas Intermediate (WTI) goes for $73 a barrel. Both are down from recent highs of $84 a barrel and $80 a barrel, respectively. Fear of waning dem ...
Natural Gas Drives US Electricity Generation: 3 Stocks to Gain
ZACKS· 2024-06-06 14:01
As efforts to reduce greenhouse gas emissions intensify, natural gas is anticipated to maintain its critical role in the U.S. electricity generation mix. Its abundant availability and reliability make it a valuable complement to intermittent renewable energy sources like solar and wind. Therefore, it is intriguing to examine the potential gains for natural gas exploration and production (E&P) firms, considering the significant contributions of this commodity to electricity generation in the United States.Na ...
Antero Resources (AR) Up 0.4% Since Last Earnings Report: Can It Continue?
zacks.com· 2024-05-24 16:39
It has been about a month since the last earnings report for Antero Resources (AR) . Shares have added about 0.4% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Antero Resources due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Antero Resources Q1 Earnings Beat E ...
Antero Resources Receives Investment Grade Credit Rating
Prnewswire· 2024-05-15 20:15
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(AR) - 2024 Q1 - Earnings Call Transcript
2024-04-25 18:09
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 ...
Antero Resources (AR) Q1 Earnings Beat on Higher Production
Zacks Investment Research· 2024-04-25 15:41
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].