Stock Analysis
- United States
- /
- Oil and Gas
- /
- NYSE:AR
Antero Resources Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Antero Resources (NYSE:AR) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$1.06b (down 5.3% from 3Q 2023).
- Net loss: US$20.4m (down by 215% from US$17.8m profit in 3Q 2023).
- US$0.066 loss per share (down from US$0.059 profit in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Antero Resources Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates by 64%.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Oil and Gas industry in the US.
Performance of the American Oil and Gas industry.
The company's shares are down 6.7% from a week ago.
Risk Analysis
You should learn about the 3 warning signs we've spotted with Antero Resources.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:AR
Antero Resources
An independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States.