Antero Resources Corp T.AR

Primary Symbol: AR

Energy Oil & Gas E&P

Antero Resources Corporation is an independent natural gas and natural gas liquids (NGLs) company. The Company is engaged in the acquisition, development and production of unconventional properties located in the Appalachian Basin in West Virginia and Ohio. The Company targets large, repeatable resource plays where horizontal drilling and advanced fracture stimulation technologies provide the means to economically develop and produce natural gas, NGLs and oil from unconventional formations. The Company operates through three segments: the exploration, development, and production of natural gas, NGLs and oil; marketing of excess firm transportation capacity; and midstream services through its equity method investment in Antero Midstream Corporation (Antero Midstream). The Company holds approximately 515,000 net acres of natural gas, NGLs and oil properties located in the Appalachian Basin, primarily in West Virginia and Ohio.

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Antero Resources Corp

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Post by pppon Feb 26, 2021 11:27am

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Post# 32671147

Q4 highlights

Revenue of $100.8 million in the fourth quarter of 2020 (fourth quarter of 2019 - $72.1 million). Revenue of $319.7 million in 2020 (2019 - $268.9 million).
Sales of 51,497 ounces of gold in the fourth quarter of 2020 (fourth quarter of 2019 - 47,073). Sales of 172,024 ounces of gold in 2020 (2019 - 187,802) which includes Florida Canyon results from July 1, 2020. Including full year production for Florida Canyon, sales would have been 194,767 ounces of gold in 2020.
Income from continuing operations of $20.3 million or $0.07 per basic or diluted share in the fourth quarter of 2020 (fourth quarter of 2019 - loss from continuing operations of $107.5 million or $0.60 per share). Income from continuing operations of $17.9 million or $0.08 per basic or diluted share in 2020 (2019 - loss from continuing operations of $93.1 million or $0.52 per share). The Ana Paula project has been classified as a held-for-sale asset as at December 31, 2020 and as a discontinued operation for 2020.
Net income of $18.0 million or $0.06 per basic or diluted share in the fourth quarter of 2020 (fourth quarter of 2019 - net loss of $107.5 million or $0.60 per share). Net income of $14.2 million or $0.06 per basic or diluted share in 2020 (2019 - net loss of $93.1 million or $0.52 per share).
Adjusted net income of $20.8 million or $0.07 per basic share in the fourth quarter of 2020 (fourth quarter of 2019 - adjusted net income of $2.7 million or $0.01 per basic share). See “Non-IFRS Measures” section. Adjusted net income of $48.3 million or $0.21 per basic share in 2020 (2019 - adjusted net income of $13.0 million or $0.07 per basic share).
Cash flows from operating activities before changes in non-cash operating working capital and other items were $39.5 million in the fourth quarter of 2020 (fourth quarter of 2019 - $27.2 million). Cash flows from operating activities before changes in non-cash operating working capital and other items were $95.0 million in 2020 (2019 - $73.8 million).
Production of 56,985 gold equivalent ounces (“GEO” or “GEOs”) (based on a silver to gold ratio of 80:1) in the fourth quarter of 2020 (fourth quarter of 2019 - 47,521 GEOs (based on a silver to gold ratio of 75:1)). Production of 179,003 GEOs (based on a silver to gold ratio of 80:1) in 2020 (2019 - 186,615 GEOs (based on a silver to gold ratio of 75:1)).
Cash cost per gold ounce sold of $910 in the fourth quarter of 2020 (fourth quarter of 2019 - $1,441). See “Non-IFRS Measures” section. Cash cost per gold ounce sold of $936 in 2020 (2019 - $1,041). During 2019, the Company recognized an impairment write down of $15.4 million at the El Castillo mining complex and $12.1 million at the La Colorada mine related to changes in the expected recovery of gold ounces in work- in-process inventory (see “Critical Accounting Estimates - Work-in-process inventory / Production costs” section).
All-in sustaining cost per gold ounce sold of $1,189 in the fourth quarter of 2020 (fourth quarter of 2019 - $1,690). See “Non-IFRS Measures” section. All-in sustaining cost per gold ounce sold of $1,244 in 2020 (2019 - $1,299).
Cash and cash equivalents were $214.2 million as at December 31, 2020 (December 31, 2019 - $38.8 million).
Net cash was $214.2 million as at December 31, 2020 (December 31, 2019 - $28.8 million). See “Non-IFRS Measures” section.

To bad the gold price isn't cooperating.