Antero’s 3Q16 revenue
Antero Resources (AR) reported its 3Q16 earnings on October 26, 2016. The company EIA Forecasts for Natural Gas Prices for 2016 and 2017
Antero Resources’ 3Q16 earnings
Trends in AR’s revenue and EPS
AR’s YoY (year-over-year) revenue growth has been remarkable compared to 3Q14 levels. AR’s 3Q16 revenue rose ~37% YoY, as compared to its YoY revenue growth in 3Q15 of 11% and ~27% in 2Q16.
AR’s EPS has fallen since 3Q14, though it remained positive—unlike many of its upstream peers.
Key management comments
In the 3Q16 earnings conference, Antero Chief Executive Officer Paul Rady stated: “Our business plan remains focused on driving down development costs, optimizing recoveries, achieving best-in-class realized pricing, and pure leading margins, and these will ultimately lead to value creation for our shareholders.”
Rady added that “Our consolidation efforts have proved successful thus far, and we see a number of exciting opportunities that lie ahead.”
Next, we’ll discuss another key highlight from 3Q16.