Group 1 - The article discusses the analysis of oil and gas companies, specifically highlighting Antero Resources and its competitive position in the market [1][2] - Cold weather patterns are beneficial for Antero Resources as they reduce supply, potentially increasing prices [2] - The oil and gas industry is characterized as a cyclical sector, requiring patience and experience for successful investment [2] Group 2 - The analysis includes a comprehensive breakdown of companies' balance sheets, competitive positions, and development prospects [1] - The service provided offers insights that are not available on free platforms, indicating a value-added component for subscribers [1]

Core Insights - Antero Resources reported a revenue of $1.17 billion for the quarter ended December 2024, reflecting a 2.1% decrease year-over-year, while EPS increased to $0.58 from $0.22 in the previous year [1] - The revenue was slightly below the Zacks Consensus Estimate by 0.33%, but the EPS exceeded expectations by 87.10% compared to the consensus estimate of $0.31 [1] Financial Performance - Average Net Production per day for Oil was 9,239 BBL/D, lower than the analyst estimate of 9,964.05 BBL/D [4] - Average Net Production per day for Natural Gas was 2,131 million cubic feet, slightly below the estimate of 2,155.09 million cubic feet [4] - Average realized prices for Natural Gas were $2.76 per thousand cubic feet, slightly above the estimated $2.74 [4] - Average realized prices for Oil were $57.69 per barrel, below the estimated $58.12 [4] - Total production of Oil was 850 MBBL, under the estimate of 915.95 MBBL [4] - Total production of Natural Gas was 196 Bcf, slightly below the estimate of 197.65 Bcf [4] Revenue Breakdown - Natural Gas sales amounted to $543.79 million, down 4.7% year-over-year and below the estimate of $546.87 million [4] - Oil sales were reported at $49.13 million, a significant decline of 34.3% year-over-year, also below the estimate of $52.92 million [4] - Natural Gas Liquids sales increased to $555.72 million, representing a 20.5% year-over-year growth, exceeding the estimate of $532.16 million [4] - Marketing revenue was $33.97 million, down 50% year-over-year and below the estimate of $46.49 million [4] Stock Performance - Antero Resources shares returned +3.7% over the past month, compared to the Zacks S&P 500 composite's +4.3% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

Core Viewpoint - Antero Resources reported quarterly earnings of $0.58 per share, significantly exceeding the Zacks Consensus Estimate of $0.31 per share, and showing an increase from $0.22 per share a year ago, indicating a strong performance in the oil and natural gas sector [1][2]. Financial Performance - The company achieved revenues of $1.17 billion for the quarter ended December 2024, which was slightly below the Zacks Consensus Estimate by 0.33%, and a decrease from $1.19 billion in the same quarter last year [2]. - Antero Resources has surpassed consensus EPS estimates two times over the last four quarters, demonstrating a positive trend in earnings performance [2]. Stock Performance - Antero Resources shares have increased approximately 14.2% since the beginning of the year, outperforming the S&P 500's gain of 3.2%, indicating strong market performance [3]. - The stock currently holds a Zacks Rank 2 (Buy), suggesting expectations for continued outperformance in the near future [6]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.68, with projected revenues of $1.3 billion, and for the current fiscal year, the EPS estimate is $3.11 on revenues of $5.31 billion [7]. - The trend of estimate revisions for Antero Resources has been favorable ahead of the earnings release, which could influence future stock movements [6][5]. Industry Context - The Oil and Gas - Exploration and Production - United States industry is currently ranked in the top 19% of over 250 Zacks industries, suggesting a favorable environment for companies within this sector [8].

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 ...

Crude oil prices are a major influence on the global economy, and they directly affect energy markets and investor expectations. About 49% of the companies in the S&P 500 index have released their fourth-quarter earnings, with 46.2% of oil and energy companies reporting so far. With falling oil prices, investors are likely concerned about what this means for the overall earnings outlook, which looks less favorable for the fourth quarter.Here’s a look at the three key areas driving performance in the fourth ...

Wall Street expects a year-over-year increase in earnings on lower revenues when Antero Resources (AR) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February ...

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 ...