ANTERO RESOURCES Reports FY2023 Q2 Earnings Results on July 26, 2023

🌥️Earnings Overview

On July 26 2023, ANTERO RESOURCES ($NYSE:AR) reported their earnings for the second quarter of fiscal year 2023, which ended June 30 2023. Revenue for the quarter was USD 893.6 million, a 62.0% decrease year-over-year, and net income came in at a loss of USD 83.1 million, a decrease from the previous year’s USD 765.1 million.

Share Price

On Wednesday, July 26, 2023, ANTERO RESOURCES reported its financial results for the second quarter of FY2023. This marks the fourth consecutive quarter of positive earnings for the company. ANTERO RESOURCES has been steadily increasing its oil and gas production, largely as a result of their successful exploration and development efforts. This is a testament to ANTERO RESOURCES’ ability to effectively leverage its resources to maximize its production capabilities.

Overall, the results of ANTERO RESOURCES’ second quarter report indicate a healthy and growing business, with good prospects for the future. The company’s ability to remain profitable and increase production despite challenging conditions bodes well for investors looking to make long-term investments in the company. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Antero Resources. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Antero Resources. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Antero Resources. More…

Key Ratios Snapshot

Some of the financial key ratios for Antero Resources are shown below. More…

Analysis

GoodWhale’s analysis of ANTERO RESOURCES‘s financials reveals that it has been classified as ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. We can conclude that ANTERO RESOURCES is strong in growth, medium in profitability and weak in asset and dividend. Furthermore, it has a high health score of 7/10 with regard to its cashflows and debt, indicating that it is capable to sustain future operations in times of crisis. As such, this type of company is likely to be of interest to investors looking for moderate growth potential, such as institutional investors or mutual funds. They may view ANTERO RESOURCES as a good long-term investment with the potential for consistent returns, as well as being a good hedge against market volatility. More…

Peers

The company explores, develops, and produces natural gas and oil properties in the Appalachian Basin. As of December 31, 2015, Antero Resources had 2,009.5 net horizontal drilling locations in the Marcellus Shale and Utica Shale. EQT Corp is a Pittsburgh, Pennsylvania based energy company with a focus on natural gas. EQT’s core business is the production of natural gas from the Appalachian Basin. As of December 31, 2015, EQT Corporation had approximately 2.0 million net acres under lease in the Appalachian Basin. Range Resources Corporation is an independent natural gas and oil company with operations in the United States. The company is headquartered in Fort Worth, Texas. As of December 31, 2015, Range Resources had 7.4 trillion cubic feet of estimated proved natural gas reserves. CNX Resources Corp is a Pittsburgh, Pennsylvania based energy company with a focus on coal and natural gas. CNX’s core business is the production of coal and natural gas from the Appalachian Basin. As of December 31, 2015, CNX Resources had approximately 1.8 million net acres under lease in the Appalachian Basin.

– EQT Corp ($NYSE:EQT)

EQT Corp is a publicly traded company with a market capitalization of $14.96 billion as of 2022. The company has a return on equity of 18.8%. EQT Corp is engaged in the exploration, development, and production of natural gas and oil. The company has operations in the United States, Canada, and Australia.

– Range Resources Corp ($NYSE:RRC)

Range Resources Corp is an American oil and gas company with a market cap of 6.82B as of 2022. The company has a Return on Equity of 45.59%. Range Resources is engaged in the exploration, development, and production of natural gas and crude oil in the United States. The company was founded in 1987 and is headquartered in Fort Worth, Texas.

– CNX Resources Corp ($NYSE:CNX)

CNX Resources Corp is a publicly traded company with a market capitalization of over $3 billion as of early 2021. The company is involved in the exploration, production, and development of natural gas and oil properties. CNX Resources Corp has a negative return on equity, meaning that it has lost money for shareholders in recent years. Despite this, the company’s market capitalization suggests that investors believe it has significant potential.

Summary

Antero Resources reported disappointing financial results for Q2 ending June 30 2023, with total revenues of USD 893.6 million, representing a 62.0% decline year-over-year. Net income was reported at USD -83.1 million, a significant decrease from the previous year’s 765.1 million. These results are concerning for investors in the company, who should consider the potential risks and rewards associated with investing in Antero Resources.

Factors to consider include the company’s financial performance, management quality and liquidity position, as well as industry trends and sector-specific dynamics. Ultimately, investors will need to make an informed decision when deciding whether or not to invest in Antero Resources.