Antero Resources reports Q4 adjusted net income $71M, consensus $80.8M

Reports Q4 revenue $1.19B, consensus $1.16B. Net production averaged 3.4 Bcfe/d, an increase of 6% from the year ago period. 2024 net production is expected to average 3.3 to 3.4 Bcfe/d, including 192 to 204 MBbl/d of liquids. The company said, “2024 is expected to be a transformational year for our sector as we enter the second wave of LNG export facility buildouts. By the end of 2025, total exports, including LNG and Mexico pipeline flows, are expected to increase by nearly 8 Bcf/d, far outpacing supply growth during that time. Antero is uniquely positioned to benefit from this demand surge through our extensive firm transportation portfolio, which delivers 100% of our natural gas out of basin, including 75% that is delivered to the LNG Fairway. With more than 20 years of premium core locations remaining, we are ready, willing and able to supply this substantial natural gas demand growth.”