Antero Resources Sees FY24 Production Range 3.375 To 3.425 Bcfe/d Driven By Higher Liquids Volumes; Raises C3+ NGL Realized Price From $0.00-$1.00 Per Barrel To $1.00-$2.00 Per Barrel Premium
Portfolio Pulse from Benzinga Newsdesk
Antero Resources has updated its FY24 production range to 3.375 to 3.425 Bcfe/d, driven by higher liquids volumes. The company also raised its C3+ NGL realized price from $0.00-$1.00 per barrel to $1.00-$2.00 per barrel premium.
July 31, 2024 | 8:38 pm
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Antero Resources has increased its FY24 production range and raised its C3+ NGL realized price, indicating potential revenue growth driven by higher liquids volumes.
The increase in production range and higher realized price for C3+ NGLs suggest that Antero Resources is likely to see improved revenues. This positive outlook is driven by higher liquids volumes and better pricing, which should be favorable for the stock in the short term.
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