Antero Resources — Oct 30, 2024 release

We expect these premiums will remain in place for the next several quarters providing an attractive uplift to our realized prices.”   For a discussion of the non-GAAP financial measures including Adjusted Net Income (Loss), Adjusted EBITDAX, Free Cash Flow and Net Debt please see “Non-GAAP Financial Measures.”   1     2024 Guidance Update   Antero is decreasing its drilling and completion capital budget for 2024 to a range of $640 million to $660 million, from $650 million to $700 million previously. The decrease is driven by continued operational efficiency gains and the further deferral of completion activity due to low natural gas prices.       Full Year 2024 –     Full Year 2024 –       Initial     Revised   Full Year 2024 Guidance   Low     High     Low     High   D&C Capital Expenditures   $ 650     $ 700     $ 640     $ 660     Note: Any 2024 guidance items not discussed in this release are unchanged from previously stated guidance.   Free Cash Flow   During the third quarter of 2024, the Free Cash Flow deficit was $19 million.       Three Months Ended September 30,       2023     2024   Net cash provided by operating activities   $ 183,381       166,177   Less: Net cash used in investing activities     (276,097 )     (174,126 ) Less: Proceeds from sale of assets, net     (136 )     (7,066 ) Less: Distributions to non-controlling interests in Martica     (21,161 )     (15,736 ) Free Cash Flow   $ (114,013 )     (30,751 ) Changes in Working Capital (1)      90,755       12,222   Free Ca