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Antero Resources (AR)
NYSE:AR
Holding AR?
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.31Last Year’s EPS
$0.22Same Quarter Last Year
Moderate Buy
Based on 16 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 9.60%
|Next Earnings Date:Feb 12, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant operational efficiencies and strong market positioning, particularly in LPG exports and natural gas power burn. However, there is a cautious approach due to deferred completions and a small financial outspend, reflecting some challenges in the current market environment.Company Guidance
During Antero Resources' Q3 2024 earnings call, the company provided robust guidance across various operational and financial metrics. They reported a significant reduction in drilling times, with well drilling now taking less than 11 days, down from 14 days in 2022, marking a 22% improvement. Completion stages per day also saw a remarkable increase, reaching a quarterly average of 12.1 stages, a 51% rise from 2022 levels. These efficiencies contributed to a 23% reduction in cycle times to 126 days and an 8% decrease in total well costs. Financially, Antero has reduced its 2024 drilling and completion capital budget to $650 million, a 28% drop from the previous year, while maintaining production levels. The company is also benefiting from strong export premiums on LPG sales, with a $0.22 per gallon average premium in Q3, up from $0.08 to $0.09 earlier in the year. Antero continues to position itself for future demand growth, leveraging its firm transportation portfolio, while maintaining a free cash flow breakeven level at approximately $2.20. Looking ahead, the company anticipates capital efficiency gains to drive significant free cash flow uplift in 2025.Drilling and Completion Efficiencies
The company has achieved a 22% reduction in drilling time and a 51% increase in completion stages per day compared to 2022, resulting in an 8% reduction in total well cost.
Reduced Capital Budget
The drilling and completion capital budget for 2024 has been reduced to $650 million, a 28% decrease from 2023, while maintaining production levels.
Strong LPG Export Premiums
Antero realized a $0.22 per gallon average premium to Mont Belvieu for propane, with expectations for this to improve to $0.27 in Q4.
Record Natural Gas Power Burn
2024 has seen a record-setting year for natural gas power burn demand, averaging 1.4 Bcf higher than last year.
Lowest Free Cash Flow Breakeven
Antero's breakeven level is at $2.20, benefiting from low maintenance capital requirements and high exposure to liquids.
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AR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $28.22 | $25.88 | -8.29% |
| Jul 31, 2024 | $29.02 | $28.77 | -0.86% |
| Apr 24, 2024 | $31.44 | $33.39 | +6.20% |
| Feb 14, 2024 | $21.21 | $23.52 | +10.89% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Antero Resources (AR) report earnings?
Antero Resources (AR) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Antero Resources (AR) earnings time?
Antero Resources (AR) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AR EPS forecast?
AR EPS forecast for the fiscal quarter 2024 (Q4) is $0.31.
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