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Sep 30, 2024
Antero Q3 2024 Earnings Report
Announced third quarter 2024 financial and operating results.
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.
Revenue by Segment
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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