Antero Resources Q4 Revenue Up 20.8% to $1.41B; EPS Misses at $0.42
Antero Resources Q4 revenue rose 20.8% YoY to $1.41B, beating estimates by 7.9%, while EPS fell 27.6% YoY to $0.42, missing consensus by 19.9%. Production dipped with oil output at 8,217 BBL/D versus estimates, and realized prices were $45.99/bbl for oil and $3.72/Mcf for gas.
1. Q4 Financial Results
Antero Resources reported Q4 revenue of $1.41 billion, a 20.8% increase year-over-year that topped the $1.31 billion consensus by 7.9%. EPS declined to $0.42 from $0.58 a year ago, missing the $0.52 estimate by 19.9%.
2. Production Metrics
Average daily oil production came in at 8,217 BBL/D versus estimates of 8,929 BBL/D. Natural gas output reached 2,265 MMcf/D (in line with forecasts), driving combined gas-equivalent production of 3,511 MMcfe/D, slightly above the 3,501 MMcfe/D consensus.
3. Realized Prices and Sales Mix
Realized oil prices after derivatives settled at $45.99 per barrel, above the $45.07 estimate, while gas prices averaged $3.72 per Mcf versus $3.75 expected. Natural gas sales revenue of $773.6 million rose 42.3% YoY, whereas oil, NGL and marketing revenues declined 29.2%, 14.7% and 6.7% respectively.
4. Share Performance and Outlook
Shares of Antero Resources have gained 4% over the past month compared with a 0.3% drop in the S&P 500. The stock holds a near-term sell ranking, suggesting potential underperformance if key metrics don’t improve.