Antero Resources Stock Fair Value Calculator – ANTERO RESOURCES Reports Second Quarter Earnings Results for FY2023 on June 30th
July 28, 2023
🌥️Earnings Overview
ANTERO RESOURCES ($NYSE:AR) reported a total revenue of USD 893.6 million for their second quarter of FY2023, which was a 62.0% decline from the previous year’s quarter. Net income was reported as USD -83.1 million, compared to USD 765.1 million from the same period in the prior year.
Market Price
On Wednesday, June 30th, ANTERO RESOURCES reported their second-quarter earnings results for the fiscal year 2023. Despite the market volatility during the quarter, ANTERO RESOURCES managed to hold its own and remain relatively stable. The second-quarter earnings report stated that the company had made significant strides in its operations and strategic investments across the US. ANTERO RESOURCES’ upstream business saw a strong increase in production volumes during the quarter, and the midstream business reported increased throughput volumes on both its gathering and processing systems.
Additionally, the company’s commercial services division saw an increase in revenue from skyrocketing demand for natural gas services. Overall, ANTERO RESOURCES experienced a quarter with strong operational performance and financial results. Although the company’s stock price remained relatively steady throughout the quarter, ANTERO RESOURCES continued to make strides in its strategic investments and operations. As the stock market continues to fluctuate, it will be interesting to see how ANTERO RESOURCES continues to perform in the upcoming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Antero Resources. More…
| Total Revenues | Net Income | Net Margin |
| 6.33k | 1.42k | 28.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Antero Resources. More…
| Operations | Investing | Financing |
| 2.06k | -1.11k | -955.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Antero Resources. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 13.77k | 6.7k | 22.73 |
Key Ratios Snapshot
Some of the financial key ratios for Antero Resources are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 28.1% | 50.4% | 31.5% |
| FCF Margin | ROE | ROA |
| 29.4% | 18.2% | 9.1% |
Analysis – Antero Resources Stock Fair Value Calculator
At GoodWhale, we have performed an analysis of ANTERO RESOURCES‘s fundamentals. Our proprietary Valuation Line has determined the fair value of ANTERO RESOURCES shares to be around $20.6. Currently, the stock is trading at $24.5, suggesting a fair price that is overvalued by 18.9%. Therefore, investors should assess the pros and cons of investing in ANTERO RESOURCES at this point. More…
Peers
The company explores, develops, and produces natural gas and oil properties in the Appalachian Basin. As of December 31, 2015, Antero Resources had 2,009.5 net horizontal drilling locations in the Marcellus Shale and Utica Shale. EQT Corp is a Pittsburgh, Pennsylvania based energy company with a focus on natural gas. EQT’s core business is the production of natural gas from the Appalachian Basin. As of December 31, 2015, EQT Corporation had approximately 2.0 million net acres under lease in the Appalachian Basin. Range Resources Corporation is an independent natural gas and oil company with operations in the United States. The company is headquartered in Fort Worth, Texas. As of December 31, 2015, Range Resources had 7.4 trillion cubic feet of estimated proved natural gas reserves. CNX Resources Corp is a Pittsburgh, Pennsylvania based energy company with a focus on coal and natural gas. CNX’s core business is the production of coal and natural gas from the Appalachian Basin. As of December 31, 2015, CNX Resources had approximately 1.8 million net acres under lease in the Appalachian Basin.
– EQT Corp ($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 their second quarter of FY2023 earnings with total revenue of USD 893.6 million, a decrease of 62.0% compared to the same period one year ago. Net income for the period was reported at USD -83.1 million, a steep downturn from the USD 765.1 million reported in the same quarter of the prior year. Investors may be concerned as this represents a significant year-over-year decrease in revenue and profitability. This could potentially signify larger operational issues that should be closely monitored going forward.
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