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]

Industry Overview - The energy sector is experiencing a transformative resurgence in 2024, driven by rising crude oil prices, which have reached a five-month peak due to geopolitical tensions in the Middle East, particularly the Iran-Israel situation [1] - The sector has entered 2024 on a strong foundation, with an 11% year-over-year increase in hydrocarbon investments, totaling approximately $580 billion [2] - The energy sector has outperformed all other U.S. market sectors with an 11.5% increase over the past 30 days, indicating its critical role in the global energy landscape [2] Oil Production Dynamics - OPEC+ has decided to continue crude oil production cuts, leading to revised forecasts for global oil production growth and a potential decrease in worldwide oil stockpiles, especially in Q2 2024, which may result in higher oil prices [3] - The U.S. Energy Information Administration (EIA) projects a rise in crude oil prices through 2024, with current West Texas Intermediate (WTI) crude prices trading above $86 per barrel, beneficial for the exploration and production sector [4] - The EIA's short-term energy outlook anticipates an average spot price of $82.15 per barrel for WTI crude in 2024, fostering a bullish atmosphere for exploration and production activities [4] Company Highlights - Diamondback Energy Inc. (FANG) focuses on horizontal development in the Permian Basin, with approximately 607,877 gross acres as of the end of fiscal 2023, and is well-positioned to benefit from higher oil prices [5][6] - Antero Resources Corporation (AR) operates in the Appalachian Basin, holding 515,000 net acres as of December 31, 2023, and employs advanced drilling technologies to enhance resource development, which will benefit from rising oil prices [7][8] - Viper Energy Inc. (VNOM) focuses on acquiring mineral and royalty interests in the Permian Basin, with significant acquisitions in 2023 totaling $834.1 million, and by the end of 2023, it had net production averaging 39,244 BOE/d and royalty income of $717.1 million, positioning it to benefit from higher oil prices [8][9]

Key PointsNow that large capitalization stocks have taken the lion's share of the momentum trade in the market, it is time for smaller names to take over.The rotation may benefit these three stocks, as they are outstanding growth stories for 2024, backed by fundamental trends.Analysts see double to triple-digit growth ahead, and price action is a sweet kicker.5 stocks we like better than JPMorgan Chase & Co.The momentum trade has been exhausted by the large-capitalization stocks in the market, especially th ...

Core Viewpoint - Antero Resources is positioned to benefit from a lower cost structure and increased export capacity, leading to higher free cash flow and improved profitability in the future [2][5][13]. Cost Structure - The company has transitioned to a significantly lower cost structure, which is expected to result in a substantial drop in maintenance capital, positively impacting market visibility and shareholder value [3][13]. - The management's strategy to acquire subpar holdings has resulted in lower well location costs, approximately half the industry average, enhancing profitability [13][14]. Production and Pricing - Antero Resources plans to increase the liquids production mix while allowing natural gas production to decrease, which will enhance profitability across various pricing levels [5][6]. - The company consistently achieves premium pricing for its products, benefiting from selling outside the basin and avoiding the oversupply issues faced by many competitors [6][9]. Export Capacity - Significant new export capacity is expected to come online in fiscal year 2024, which will support natural gas production growth and meet rising demand for ethane and propane in the plastic market [10][11]. - Management has established a competitive advantage by maximizing export pricing while minimizing transportation costs, particularly through access to the greater Philadelphia area [9][10]. Market Outlook - Despite current low gas prices and oversupply concerns, there are indications of a potential future shortage in natural gas, which could lead to stronger pricing [11][12]. - The company is set to report improved operating costs in fiscal year 2024, which may offset the anticipated weak commodity price environment [13].