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Antero Resources Corp AR Stock Quote

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Morningstar‘s Stock Analysis AR

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Antero Is Exploiting Its Exposure to Strong Out-of-Basin Natural Gas Prices

Business Strategy and Outlook

| Dave Meats, CFA |

Antero Resources produces natural gas from the Marcellus and Utica shales in West Virginia and Ohio. It is concentrating on areas with a relatively high liquids content; natural gas liquids and condensate account for about 30% of its production. That means the firm is well positioned to capitalize on soaring prices for ethane, propane, and butane. Overseas demand for these petrochemical feedstocks is robust, and Antero benefits disproportionately as an anchor shipper on the Mariner East 2 pipeline, which offers direct access to East Coast export facilities. Likewise, we think acreage and infrastructure constraints will chronically limit U.S. natural gas supply growth in the next few years, putting a higher floor under prices than we've gotten used to. For Antero, that translates to higher margins and free cash flows, which gives the firm the flexibility to start returning cash to shareholders.

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Company Profile AR

Business Description

Antero Resources, based in Denver, engages in the exploration for and production of natural gas and natural gas liquids in the United States and Canada. At the end of 2021, the company reported proven reserves of 17.7 trillion cubic feet of natural gas equivalent. Production averaged approximately 3,268 million cubic feet of equivalent a day in 2021 at a ratio of 31% liquids and 69% natural gas.

Contact
1615 Wynkoop Street
Denver, CO, 80202
T +1 303 357-7310
Sector Energy
Industry Oil & Gas E&P
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 519

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