Antero Resources Files 2024 10-K

TL;DR

AR filed its 2024 10-K. All the deets on their financials and ops for last year.

AI Summary

Antero Resources Corporation filed its 2024 10-K on February 12, 2025, detailing its financial performance and operations for the fiscal year ending December 31, 2024. The company, headquartered in Denver, Colorado, operates in the crude petroleum and natural gas sector. The filing provides comprehensive financial statements and disclosures as required by the SEC.

Why It Matters

This filing provides investors and analysts with a detailed look at Antero Resources' financial health, operational performance, and strategic outlook for the past fiscal year, influencing investment decisions.

Risk Assessment

Risk Level: medium — The oil and gas industry is subject to significant price volatility and regulatory changes, which can impact Antero Resources' financial performance.

Key Numbers

• 311165000 — OperatingAndFinanceLeaseLiabilityCurrent (Current lease liabilities)
• 303544000 — OperatingAndFinanceLeaseLiabilityNoncurrent (Non-current lease liabilities)

Key Players & Entities

• ANTERO RESOURCES Corp (company) — Filer of the 10-K
• 20241231 (date) — Fiscal year end
• 20250212 (date) — Filing date
• Denver, CO (location) — Company headquarters and mailing address
• CRUDE PETROLEUM & NATURAL GAS [1311] (industry) — Company's Standard Industrial Classification

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 AR New York Stock Exchange Securi
• $32.63 — pproximately $ 8.0 billion based on the $32.63 per share closing price of Antero Resou

Filing Documents

• ar-20241231x10k.htm (10-K) — 5092KB
• ar-20241231xex4d6.htm (EX-4.6) — 20KB
• ar-20241231xex19d1.htm (EX-19.1) — 118KB
• ar-20241231xex21d1.htm (EX-21.1) — 15KB
• ar-20241231xex23d1.htm (EX-23.1) — 2KB
• ar-20241231xex23d2.htm (EX-23.2) — 4KB
• ar-20241231xex31d1.htm (EX-31.1) — 22KB
• ar-20241231xex31d2.htm (EX-31.2) — 20KB
• ar-20241231xex32d1.htm (EX-32.1) — 9KB
• ar-20241231xex32d2.htm (EX-32.2) — 9KB
• ar-20241231xex99d1.htm (EX-99.1) — 123KB
• ar-20241231x10k009.jpg (GRAPHIC) — 53KB
• 0001558370-25-000864.txt ( ) — 22555KB
• ar-20241231.xsd (EX-101.SCH) — 107KB
• ar-20241231_cal.xml (EX-101.CAL) — 132KB
• ar-20241231_def.xml (EX-101.DEF) — 502KB
• ar-20241231_lab.xml (EX-101.LAB) — 1030KB
• ar-20241231_pre.xml (EX-101.PRE) — 746KB
• ar-20241231x10k_htm.xml (XML) — 5212KB

Risk Factors

Risk Factors 20 Item 1B. Unresolved Staff Comments 45 Item 1C. Cybersecurity 45 Item 3.

Legal Proceedings

Legal Proceedings 46 Item 4. Mine Safety Disclosures 46 PART II 47 Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 47 Item 6 . Reserved 48 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 49 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 64 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 65 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 65 Item 9A.

Controls and Procedures

Controls and Procedures 65 Item 9B. Other Information 66 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 66 PART III 67 Item 10. Directors, Executive Officers and Corporate Governance 67 Item 11.

Executive Compensation

Executive Compensation 67 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 67 Item 13. Certain Relationships and Related Transactions and Director Independence 67 Item 14. Principal Accountant Fees and Services 67 PART IV 68 Item 15. Exhibit and Financial Statement Schedules 68

SIGNATURES

SIGNATURES 71 Table of Contents GLOSSARY OF COMMONLY USED TERMS The following are abbreviations and definitions of certain terms used in this document, some of which are commonly used in the oil and gas industry: 2026 Convertible Notes. The 4.25% convertible senior notes due September 1, 2026. Antero Midstream. Antero Midstream Corporation. ASC. Accounting Standards Codification. ASU. Accounting Standards Update. Basin. A large natural depression on the earth's surface in which sediments, generally brought by water, accumulate. Bbl. One stock tank barrel, of 42 U.S. gallons liquid volume, used herein in reference to crude oil, condensate, NGLs or water. Bbl/d. Bbl per day. Bcf. One billion cubic feet of natural gas. Bcf/d. Bcf per day. Bcfe. One billion cubic feet of natural gas equivalent with one barrel of oil, condensate or NGLs converted to six Mcf of natural gas. Btu . British thermal unit. C3+ NGLs. Natural gas liquids excluding ethane, consisting primarily of propane, isobutane, normal butane and natural gasoline. Completion . The process of treating a drilled well followed by the installation of permanent equipment for the production of natural gas or oil, or in the case of a dry hole, the reporting of abandonment to the appropriate agency. CPI. Consumer Price Index. Credit Facility . As the context requires, (i) for any date prior to July 30, 2024, the senior secured revolving credit facility pursuant to the Sixth Amended and Restated Credit Agreement, dated as of October 26, 2021, and (ii) for July 30, 2024 and thereafter, the senior unsecured revolving credit facility pursuant to the Amended and Restated Credit Agreement, dated as of July 30, 2024. DD&A . Depletion, depreciation and amortization. Delineation . The process of placing a number of wells in various parts of a reservoir to determine its boundaries and production characteristics. Developed acreage . The number of acres that are allocated or assignable to p

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View this 10-K filing on SEC EDGAR