Antero Resources Corp Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Antero Resources Corp has filed its Q1 2024 10-Q report, detailing financial positions as of March 31, 2024.</b>

AI Summary

ANTERO RESOURCES Corp (AR) filed a Quarterly Report (10-Q) with the SEC on April 24, 2024. Antero Resources Corp filed a 10-Q report for the period ending March 31, 2024. The filing covers the first quarter of 2024. Key financial statement items such as Retained Earnings, Noncontrolling Interest, and Additional Paid-In Capital are reported as of March 31, 2024, and comparative periods. Common Stock and Treasury Stock details are also provided for various dates, including March 31, 2024, and December 31, 2023. The company's business address is 1615 Wynkoop Street, Denver, CO 80202, with a phone number of 303-357-7325.

Why It Matters

For investors and stakeholders tracking ANTERO RESOURCES Corp, this filing contains several important signals. This 10-Q filing provides investors with the latest quarterly financial snapshot of Antero Resources Corp, crucial for understanding its performance and financial health. The detailed breakdown of equity accounts and stock information allows for analysis of capital structure changes and potential shareholder value.

Risk Assessment

Risk Level: low — ANTERO RESOURCES Corp shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain immediate, significant new risks or material adverse events beyond typical business disclosures.

Analyst Insight

Monitor future filings for updates on Antero Resources Corp's financial performance, debt levels, and operational strategies in the energy sector.

Key Numbers

• 2024-03-31 — Report Period End Date (10-Q filing)
• 2024-04-24 — Filing Date (10-Q filing)
• 2023-12-31 — Prior Year End Date (Comparative financial data)
• 2023-03-31 — Prior Year Q1 End Date (Comparative financial data)

Key Players & Entities

• ANTERO RESOURCES Corp (company) — Filer name
• 0001433270 (company) — Central Index Key
• 1615 WYNKOOP STREET (company) — Business address
• DENVER (company) — Business address city
• CO (company) — Business address state
• 80202 (company) — Business address zip
• 303-357-7325 (company) — Business phone
• ANTERO RESOURCES APPALACHIAN CORP (company) — Former company name

FAQ

Industry Context

Antero Resources Corp operates in the crude petroleum and natural gas industry, focusing on the exploration, development, and production of oil and gas properties.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit regular financial reports to the SEC.

What Investors Should Do

1. Review the full 10-Q filing for detailed financial statements and management's discussion and analysis.
2. Analyze the equity section for changes in common stock, retained earnings, and other equity components.
3. Note the company's business and mailing addresses, as well as contact information provided in the filing.

Key Dates

• 2024-03-31: Quarterly Period End — End of the reporting period for the 10-Q filing.
• 2024-04-24: Filing Date — Date the 10-Q report was officially filed with the SEC.

Year-Over-Year Comparison

This is the first 10-Q filing for the fiscal year 2024, providing updated financial information compared to the previous year's filings.

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 AR New York Stock Exchange Indica

Filing Documents

• ar-20240331x10q.htm (10-Q) — 2742KB
• ar-20240331xex31d1.htm (EX-31.1) — 16KB
• ar-20240331xex31d2.htm (EX-31.2) — 17KB
• ar-20240331xex32d1.htm (EX-32.1) — 7KB
• ar-20240331xex32d2.htm (EX-32.2) — 7KB
• ar-20240331xex95d1.htm (EX-95.1) — 3KB
• ar-20240331x10q001.jpg (GRAPHIC) — 8KB
• 0001558370-24-005602.txt (&nbsp;) — 12685KB
• ar-20240331.xsd (EX-101.SCH) — 79KB
• ar-20240331_cal.xml (EX-101.CAL) — 96KB
• ar-20240331_def.xml (EX-101.DEF) — 337KB
• ar-20240331_lab.xml (EX-101.LAB) — 652KB
• ar-20240331_pre.xml (EX-101.PRE) — 482KB
• ar-20240331x10q_htm.xml (XML) — 2836KB

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION 3 Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited) 3 Item 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 29 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 39 Item 4.

Controls and Procedures

Controls and Procedures 41

—OTHER INFORMATION

PART II—OTHER INFORMATION 41 Item 1.

Legal Proceedings

Legal Proceedings 41 Item 1A.

Risk Factors

Risk Factors 41 Item 2. Unregistered Sales of Equity Securities 41 Item 4. Mine Safety Disclosures 42 Item 5 Other Information 42 Item 6. Exhibits 43

SIGNATURES

SIGNATURES 44 Table of Contents CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS Some of the information in this Quarterly Report on Form 10-Q may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements, other than statements of historical fact included in this Quarterly Report on Form 10-Q, regarding our strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. Words such as "may," "assume," "forecast," "position," "predict," "strategy," "expect," "intend," "plan," "estimate," "anticipate," "believe," "project," "budget," "potential," or "continue," and similar expressions are used to identify forward-looking statements, although not all forward-looking statements contain such identifying words. When considering these forward-looking statements, investors should keep in mind the risk factors and other cautionary statements in this Quarterly Report on Form 10-Q and in our Annual Report on Form 10-K for the year ended December 31, 2023. These forward-looking statements are based on management's current beliefs, based on currently available information, as to the outcome and timing of future events. Factors that could cause our actual results to differ materially from the results contemplated by such forward-looking statements include: our ability to execute our business strategy; our production and natural gas, natural gas liquids ("NGLs") and oil reserves; our financial strategy, liquidity and capital required for our development program; our ability to obtain debt or equity financing on satisfactory terms to fund acquisitions, expansion projects, working capital requirements and the repayment or refinancing of indebtedness; our ability to execute

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION ANTERO RESOURCES CORPORATION Condensed Consolidated Balance Sheets (In thousands, except per share amounts) (Unaudited) December 31, March 31, 2023 2024 Assets Current assets: Accounts receivable $ 42,619 40,121 Accrued revenue 400,805 326,218 Derivative instruments 5,175 6,579 Prepaid expenses 12,901 12,326 Other current assets 14,192 17,468 Total current assets 475,692 402,712 Property and equipment: Oil and gas properties, at cost (successful efforts method): Unproved properties 974,642 962,738 Proved properties 13,908,804 14,060,385 Gathering systems and facilities 5,802 5,802 Other property and equipment 98,668 104,409 14,987,916 15,133,334 Less accumulated depletion, depreciation and amortization ( 5,063,274 ) ( 5,179,844 ) Property and equipment, net 9,924,642 9,953,490 Operating leases right-of-use assets 2,965,880 2,932,501 Derivative instruments 5,570 3,929 Investment in unconsolidated affiliate 222,255 226,034 Other assets 25,375 29,828 Total assets $ 13,619,414 13,548,494 Liabilities and Equity Current liabilities: Accounts payable $ 38,993 38,081 Accounts payable, related parties 86,284 93,707 Accrued liabilities 381,340 314,957 Revenue distributions payable 361,782 358,560 Derivative instruments 15,236 14,148 Short-term lease liabilities 540,060 535,617 Deferred revenue, VPP 27,101 26,593 Other current liabilities 1,295 1,240 Total current liabilities 1,452,091 1,382,903 Long-term liabilities: Long-term debt 1,537,596 1,510,109 Deferred income tax liability, net 834,268 844,230 Derivative instruments 32,764 25,538 Long-term lease liabilities 2,428,450 2,399,274 Deferred revenue, VPP 60,712 54,482 Other liabilities 59,431 60,082 Total liabilities 6,405,312 6,276,618 Commitments and contingencies Equity: Stockholders' equity: Prefe

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View this 10-Q filing on SEC EDGAR