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Antero Ups 2016 Production Guidance to 1,750 MMcfe/d; Talks 1Q
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Antero Resources Corporation reported its first quarter 2016 financial results and announced increased 2016 production guidance.
Key Points: Antero is forecasting net daily production to average 1,750 MMcfe/d in 2016, a 17% increase over prior year production and a 2% increase over the previous 2016 production guidance On April 14, 2016, Antero's borrowing base under its upstream credit facility was reaffirmed at $4.5 billion. Highlights for the First Quarter of 2016: Adjusted EBITDAX of $355 million, in line with the prior year quarter and a 15% increase sequentially Adjusted net income of $47 million, or $0.17 per share, a 33% decrease compared to the prior year quarter Realized natural gas price before hedging averaged $2.08 per Mcf, a $0.01negative differential to Nymex, with 99%…- ✓ Full news archive — U.S., Canada & international coverage
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