2024-05-19 12:43:13 ET
Summary
- Antero's Q1 2024 results were solid, and it announced modest improvements to its full-year guidance.
- Antero is now projected to generate a bit over $250 million in 2024 free cash flow.
- I estimate Antero's value at approximately $30 at long-term (after 2024) $3.75 NYMEX gas.
- It appears to be pricing in closer to $4.00 long-term natural gas prices currently.
Antero Resources ( AR ) has performed relatively well operationally, allowing it to announce some modest improvements to its production and cost guidance in its Q1 2024 earnings report ....
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Antero Resources: Starting To Look A Bit Overvalued At Long-Term $3.75 NYMEX Gas