Antero Q3 2024 Earnings Report
Key Takeaways
Antero Resources announced its third quarter 2024 financial results, highlighting improved capital efficiency and a decrease in the drilling and completion capital budget due to operational gains and deferred completion activity. The company realized the highest C3+ NGL price premium in its history due to international liquids prices.
Reduced average well drilling time by 20% to 11 days.
Decreased 2024 drilling and completion capital budget to $640 million - $660 million.
Free Cash Flow deficit was $19 million during the quarter.
Realized highest C3+ NGL price premium in company history at $41.30 per barrel.
Antero
Antero
Forward Guidance
Antero is decreasing its drilling and completion capital budget for 2024 to a range of $640 million to $660 million, from $650 million to $700 million previously. The decrease is driven by continued operational efficiency gains and the further deferral of completion activity due to low natural gas prices.