Antero Outlines Much Improved Five-Year Plan at Analyst Day Event
Antero rolled out a new five-year plan at its 2018 analyst day event. The firm's production forecast hasn't changed much in the new plan (management now expects output to reach 4.5 billion cubic feet per day by 2021, consistent with an 18% five-year CAGR). However, annual capital spending is now expected to be $1.3 billion-$1.7 billion during the period, well below last year's guidance of $1.6 billion-$2.4 billion and much lower than our modeled average of $2.1 billion. Cumulatively, the total s...Antero Resources is an oil and natural gas company engaged in the exploration, development and production of natural gas, natural gas liquids (NGLs), and oil properties. The company focuses on unconventional reservoirs, which can generally be characterized as fractured shale formations. The company's drilling operations are focused in the Marcellus Shale and Utica Shale of the Appalachian Basin. The company's industry segments are: the exploration, development, and production of natural gas, NGLs, and oil; marketing of excess firm transportation capacity; and the gathering and processing of natural gas. All of the company's operations are conducted in the United States.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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