https://www.anteroresources.com/investo ... ancial-and
reviewing...
Net production averaged 3.2 Bcfe/d, including 160 MBbl/d of liquids
Realized pre-hedge natural gas equivalent price of $6.04 per Mcfe, a $1.09 per Mcfe premium to NYMEX pricing
Realized pre-hedge natural gas price of $5.01 per Mcf, a $0.06 per Mcf premium to NYMEX pricing
Realized C3+ NGL price of $61.55 per barrel, or 65% of WTI, a 51% increase from the prior year period
Net loss was $156 million, Adjusted Net Income was $360 million (Non-GAAP)
Adjusted EBITDAX was $707 million (Non-GAAP); net cash provided by operating activities was $566 million
Free Cash Flow was $465 million before Changes in Working Capital (Non-GAAP)
Repurchased $100 million of shares during the quarter at an average price of $27.11 per share
Total long-term debt and Net Debt at quarter end was $1.96 billion
Net Debt to trailing last twelve month Adjusted EBITDAX declined to 1.1x (Non-GAAP)
bought back 100 m shares at 27
repurchasing $100 million of AR shares during the last six weeks of the first quarter, which approximated 25% of our first quarter Free Cash Flow estimate. As previously communicated, we expect to use approximately 25% of Free Cash Flow for share repurchases until the borrowings on our credit facility are repaid. Our current estimate forecasts the credit facility to be repaid later in the se
this bit them in ass...do you remember when i talked about Feb settlement prices for NG
The premium to NYMEX was negatively impacted by the sharp increase in the natural gas price on the final trading day for the February natural gas contract, resulting in a settlement price of $6.27 per Mcf, followed by a subsequent decline in natural gas daily prices for the month.
> translation they had to pay the difference between 6.27 and their hedge. They didnt sell at 6.27 for the month
Someone at AR dont know their ass from elbow regarding hedges
AR had 7 upward revisions to 1.19 then the headline is whoops they missed by 4 cents to 1.15
https://seekingalpha.com/symbol/AR/earnings/revisions