HighGravityData

Antero Resources — Oct 30, 2024 release

Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001104659-24-112650
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Showing in the filing
D&C Capital Expenditures
“$650”
Period
FY2024
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 6
D&C Capital Expenditures - Low (Revised) for FY2024
“$ 640”
D&C Capital Expenditures - High (Revised) for FY2024
“$ 660”
Maintenance production level
“3.3 to 3.4 Bcfe/d”
Production
“3.3 to 3.4 Bcfe/d”
Drilling and completion capital budget for FY2024
“$640 million to $660 million”
D&C Capital Expenditures for FY2024
“$650”
Exhibit 99.1 · the passage around this item
… earlier in the release
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 Cash Flow before Changes in Working Capital   $ (23,258 )     (18,529 )   (1) Working capital adjustments include changes in current assets and liabilities and the net decrease in accounts payable and accrued liabilities for additions to property and equipment.   Third Quarter 2024 Financial Results   Net daily natural gas equivalent production in the third quarter av
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.