Sector: Energy | Industry: Oil & Gas Exploration and Production |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 1615 Wynkoop Street DENVER CO 80202 |
Tel: | 1-303-3577219 |
Website: | https://www.anteroresources.com |
IR: | See website |
Key People | ||
Paul M. Rady Chairman of the Board, President, Chief Executive Officer | Michael N. Kennedy Chief Financial Officer, Senior Vice President - Finance | Yvette K. Schultz Chief Compliance Officer, Senior Vice President - Legal, General Counsel and Corporate Secretary | W. Patrick Ash Senior Vice President - Reserves, Planning and Midstream |
Business Overview |
Antero Resources Corporation is an independent natural gas and natural gas liquids (NGLs) company. The Company is engaged in the acquisition, development and production of unconventional properties located in the Appalachian Basin in West Virginia and Ohio. The Company targets large, repeatable resource plays where horizontal drilling and advanced fracture stimulation technologies provide the means to economically develop and produce natural gas, NGLs and oil from unconventional formations. The Company operates through three segments: the exploration, development, and production of natural gas, NGLs and oil; marketing of excess firm transportation capacity; and midstream services through its equity method investment in Antero Midstream Corporation (Antero Midstream). The Company holds approximately 515,000 net acres of natural gas, NGLs and oil properties located in the Appalachian Basin, primarily in West Virginia and Ohio. |
Financial Overview |
For the three months ended 31 March 2024, Antero Resources Corp revenues decreased 20% to $1.12B. Net income decreased 83% to $36.3M. Revenues reflect Exploration and Production of Oil, Natural Gas segment decrease of 20% to $1.07B, Marketing segment decrease of 17% to $48.5M. Net income also reflects Exploration and Production of Oil, Natural Gas segment income decrease of 80% to $76.5M. |
Employees: | 604 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | N/A |
Annual revenue (TTM): | $4,396M as of Mar 31, 2024 |
EBITDA (TTM): | $948.87M as of Mar 31, 2024 |
Net annual income (TTM): | $65.83M as of Mar 31, 2024 |
Free cash flow (TTM): | -$90.57M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | $1,514M as of Mar 31, 2024 |
Shares outstanding: | 310,807,000 as of Apr 19, 2024 |
Index Membership: | S&P 400 Mid Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |