Antero Q4 2024 Earnings Report
Key Takeaways
Antero Resources reported fourth quarter 2024 financial results, with net daily natural gas equivalent production averaging 3.4 Bcfe/d, including 217 MBbl/d of liquids. The company's average realized natural gas price before hedges was $2.77 per Mcf, and the average realized C3+ NGL price before hedges was $44.29 per barrel. Free Cash Flow for the quarter was $159 million. The company invested $120 million in drilling and completion capital expenditures and $22 million in land.
Net daily natural gas equivalent production averaged 3.4 Bcfe/d, including 217 MBbl/d of liquids.
Average realized natural gas price before hedges was $2.77 per Mcf, a $0.02 per Mcf discount to the benchmark index price.
Average realized C3+ NGL price before hedges was $44.29 per barrel, a $3.09 per barrel premium to the benchmark index price.
Free Cash Flow was $159 million.
Antero
Antero
Forward Guidance
Antero's 2025 drilling and completion capital budget is $650 to $700 million. Net production is expected to average between 3.35 and 3.45 Bcfe/d during 2025. The Company’s land capital guidance is $75 million to $100 million.