Antero Resources: Strong C3+ NGL Prices May Help It Generate Slightly Positive FCF In 2024 (Rating Downgrade) [Seeking Alpha]
Antero Midstream Corporation (AM)
Last antero midstream corporation earnings: 4/29 04:15 pm
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US:NYSE Investor Relations:
investors.anteromidstream.com/investor-relations/am/default.aspx
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Source: Seeking Alpha
C3+ NGL prices have rebounded, offsetting some of the impact of sub-$2.50 natural gas prices. C3+ NGLs are expected to account for around 41% of Antero's 2024 revenue and 20% of its 2024 production. Antero's guidance for cash production expenses are coming in a bit higher than I expected given the low natural gas pricing environment. Looking for more investing ideas like this one? Get them exclusively at Distressed Value Investing. Learn More » In December 2023, I had outlined two potential scenarios for Antero Resources ( NYSE: AR ) in 2024. One scenario involved it keeping production at 2H 2023 levels of approximately 3.45 Bcfe per day. The other scenario had it reducing its capital expenditure budget to improve its free cash flow, while seeing its 2024 production dip to 3.25 Bcfe per day. Antero Resources appears to have chosen an option in between those two scenarios and is currently aiming for approximately 3.35 Bcfe per day in 2024 production. I project that it can ge
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News
- Antero Midstream announces bolt-on acquisition of assets in Marcellus Shale, raises 2024 guidance [Seeking Alpha]Seeking Alpha
- Antero Midstream Announces Bolt-On Acquisition, Increased 2024 Guidance and Redemption of 2026 Senior Notes [Yahoo! Finance]Yahoo! Finance
- Antero Midstream Announces Bolt-On Acquisition, Increased 2024 Guidance and Redemption of 2026 Senior NotesPR Newswire
- Antero Midstream Q1: Coveted 3x Leverage Target Is Coming In Short-Order (Downgrade) [Seeking Alpha]Seeking Alpha
- Antero Midstream Corporation (NYSE:AM) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
AM
Earnings
- 4/24/24 - Miss
AM
Sec Filings
- 5/2/24 - Form 8-K
- 5/1/24 - Form 8-K
- 4/25/24 - Form ARS
- AM's page on the SEC website