Antero Resources (AR) Stock

This is a comparison of how Antero Resources (AR) and Constellation Energy Corporation (CEG) have done in relation to their industry this year.

If you're an investor looking to take advantage of the rising natural gas prices, AR, CTRA, and GPOR are three good options to think about.

Antero Resources reduces the impact of falling natural gas prices by ensuring they get higher prices. The costs for drilling and completing wells have also significantly decreased. Exporting through Marcus Hook helps them achieve better prices for their liquids.

Antero Resources is set to grow thanks to positive political changes and strategic export advantages, making it a good investment under $30. Although the company reported a $20 million net loss, it anticipates better cash flow from high C3+ NGL price premiums and effective drilling methods. The management intends to use the first $600 million of free cash flow to pay down debt, and then focus on buying back shares, which could result in dividends in the future.

Antero Resources stands out due to its focus on exports, efficient operations, and large reserves, making it well-prepared for tighter natural gas markets and possible price rises. Although the company has experienced negative free cash flow this year, its ability to generate significant cash flow when gas prices rise supports strong buybacks and a Strong Buy rating. While its unhedged production approach carries some risk, this is balanced by a solid financial position and careful spending.

Antero Resources Corporation's production in the third quarter of 2024 met expectations. The company noted that it is benefiting from high export prices for butane and propane, which are now allowing it to earn a few dollars more than Mont Belvieu for its C3+ NGLs. Additionally, Antero has improved its drilling and completion processes.

Antero Resources Corporation (NYSE:AR) will hold its Q3 2024 Results Conference Call on October 31, 2024, at 11:00 AM ET. The call will feature company leaders including Brendan Krueger, Paul Rady, and Dave Cannelongo, among others. Participants from various financial institutions will also join the discussion.

Antero Resources (AR) reported a quarterly loss of $0.12 per share, which is worse than the Zacks Consensus Estimate of a $0.03 loss. This is a change from the earnings of $0.08 per share they had a year earlier.

DENVER, Oct. 30, 2024 /PRNewswire/ -- Antero Resources Corporation (NYSE: AR) has released its financial and operational results for the third quarter of 2024. The unaudited condensed consolidated financial statements can be found in Antero Resources' Quarterly Report on Form 10-Q for the period ending September 30, 2024.