The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.Here's the latest list of major oversold players in th ...

Financial Data and Key Metrics Changes - Antero Resources reported a reduction in drilling and completion capital budget to $650 million for 2024, a 28% decrease from 2023 while maintaining production levels [9][28] - The company achieved a free cash flow breakeven level of approximately $2.20, benefiting from low maintenance capital requirements and high exposure to liquids [23][24] - Total capital budget is expected to decrease by over $300 million in 2024 compared to the previous year while maintaining production [28] Business Line Data and Key Metrics Changes - The company set a new quarterly record for completion stages, averaging 12.1 stages per day, a 51% increase compared to 2022 [7][8] - Total well costs have decreased by 8% since last year, reaching the lowest level since 2021 [8] - Antero's maintenance capital per Mcfe is $0.52, which is 41% below the peer average of $0.88 [26] Market Data and Key Metrics Changes - U.S. propane demand exceeded 3 million barrels a day recently, driven by seasonal crop drying and heating demand [16] - Antero realized an average propane export premium of $0.22 per gallon in Q3, up from $0.08 to $0.09 per gallon at the start of the year [17] - Natural gas power burn demand is averaging 1.4 Bcf higher than last year, with expectations for continued growth driven by AI data centers and electric vehicles [19][20] Company Strategy and Industry Competition - Antero plans to continue focusing on improving operational efficiencies and has switched to an e-fleet for completion activities, potentially saving $150,000 to $200,000 per well [10] - The company is well-positioned to benefit from robust export premiums due to its unconstrained access at the Marcus Hook terminal [18] - Antero's firm transportation portfolio delivers 75% of its natural gas to the LNG corridor, providing direct exposure to growing LNG demand [21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to maintain production levels while deferring completions based on natural gas prices [27][44] - The company anticipates that low rig counts and increased demand will support a tightening of inventories and lead to higher prices in 2025 and beyond [22] - Management highlighted the importance of maintaining a flexible capital program to adapt to market conditions [26] Other Important Information - Antero has built two DUC pads with 12 wells that are not being completed this year, with completion timing dependent on natural gas prices [31] - The company plans to use the first $600 million of free cash flow to reduce debt before considering buybacks [33] Q&A Session Summary Question: Guidance on DUCs and future completions - Management confirmed they have two DUC pads with 12 wells that are not being completed this year, with future completions dependent on natural gas prices [31][32] Question: Buyback strategy and free cash flow - The first $600 million of free cash flow will be used to reduce debt, with buybacks considered afterward [33] Question: Northeast LPG export advantage and premium sustainability - Management expects strong premiums to continue until new export capacity comes online in mid to late 2025 [35][36] Question: Conditions for completing DUCs - Completion of DUCs will depend on achieving a natural gas price of $2.50 or higher [39][40] Question: Maintenance capital and production levels - Maintenance capital is expected to be around $700 million to maintain production levels of 3.3 to 3.4 Bcfe per day [44][59] Question: Hedging strategy and future pricing - Management is monitoring the market for potential hedging opportunities but remains unhedged for now [51] Question: Impact of efficiencies on 2025 budget - The 2025 budget includes efficiencies and is expected to be lower due to improved operational performance [55]

Antero Resources (AR) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -300%. A quarter ago, it was expected that this oil and natural gas producer would post a loss of $0.16 per share when it actually produced a loss of $0.19, delivering a surprise of -18.75%.Over the last four quarters, ...

Exhibit 99.1 1 Antero Resources Announces Third Quarter 2024 Financial and Operating Results Denver, Colorado, October 30, 2024—Antero Resources Corporation (NYSE: AR) ("Antero Resources," "Antero," or the "Company") today announced its third quarter 2024 financial and operating results. The relevant unaudited condensed consolidated financial statements are included in Antero Resources' Quarterly Report on Form 10-Q for the quarter ended September 30, 2024. Third Quarter 2024 Highlights: · Net production av ...

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 September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commissio ...

DENVER, Oct. 30, 2024 /PRNewswire/ -- Antero Resources Corporation (NYSE: AR) ("Antero Resources," "Antero," or the "Company") today announced its third quarter 2024 financial and operating results. The relevant unaudited condensed consolidated financial statements are included in Antero Resources' Quarterly Report on Form 10-Q for the quarter ended September 30, 2024. Third Quarter 2024 Highlights: Net production averaged 3.4 Bcfe/d, a 2% decrease from the year ago period Natural gas production averaged 2 ...

DENVER, Oct. 9, 2024 /PRNewswire/ -- Antero Resources (NYSE: AR) ("Antero" or the "Company") announced today that the Company plans to issue its third quarter 2024 earnings release on Wednesday, October 30, 2024 after the close of trading on the New York Stock Exchange.A conference call is scheduled on Thursday, October 31, 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 th ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Antero Resources Corporation (AR) is an independent oil and natural gas company. The Zacks Consensus Estimate for its current year earnings has been revised 110.2% downward over the last 60 days.Babcock & Wilcox Enterprises, Inc. (BW) is an energy and emissions control provider. The Zacks Consensus Estimate for its current year earnings has been revised 10% downward over the last 60 days.Chart Industries, Inc. (GTLS) is an engineering ...

The U.S. Energy Department's latest inventory report showed a lower-than-expected increase in natural gas supplies. Following this bullish data, together with worries over possible Hurricane-related production disruption, futures ended the week higher. However, natural gas is expected to remain in a volatile state depending on the weather outlook, supply/demand balance etc. In this situation, investors should focus on resilient stocks like Antero Resources (AR) and Coterra Energy (CTRA) , while it may be wi ...

In a year where natural gas prices have spent almost the entire year under $3.00 per mcf, including a few months under $2.00, the stock prices of publicly traded Appalachian gas producers have remained remarkably stable. In fact, Antero Resources’ price is up this year and Range Resources is basically flat for the year so far. Others such as EQT and Coterra Energy are down only marginally. This could come across as surprising. Appalachia has some disadvantages to other US gas producing basins, such as takea ...