Daily Blog

Q2 2024 Gas-Weighted E&Ps' Financial Results

(Note: Each column is sortable by clicking once or twice on the column title. For example, clicking on "Revenue" will rank the companies either low-to-high or high-to-low.)

2nd Quarter 2024 ($in Millions)

Company Ticker Revenue Lifting Costs Production Costs Prod. Taxes DD&A Impair. Explor. Pre-tax income Cash flow
Antero Resources  AR $927 $735 $693 $42 $171 $0 $1 $21 $192
Ascent Resources Private $436 $293 $281 $11 $187 $0 $3 ($47) $143
Chesepeake Energy CHK  $378 $221 $203 $18 $348 $0 $3 ($194) $157
CNX Resources CNX $236 $116 $110 $7 $118 $0 $2 $0 $120
Comstock Resources CRK $218 $103 $84 $19 $194 $0 $0 ($80) $114
Coterra Energy CTRA $1,269 $456 $402 $54 $447 $0 $5 $361 $813
EQT Corp. EQT $890 $645 $602 $43 $466 $38 $1 ($261) $244
GulfPort Energy GPOR $190 $109 $102 $7 $79 $0 $0 $2 $80
National Fuel Gas NFG $221 $74 $71 $3 $69 $201 $0 ($123) $147
Range Resources RRC $478 $309 $304 $5 $88 $2 $6 $74 $170
Southwestern Energy SWN $659 $447 $403 $44 $226 $631 $0 ($645) $212
Total   $5,902 $3,509 $3,256 $253 $2,391 $871 $22 ($891) $2,393

Source: Oil & Gas Financial Analytics, LLC

2nd Quarter 2024 ($/boe)

Company Ticker Revenue Lifting Costs Production Costs Prod. Taxes DD&A Impair. Explor. Pre-tax income Cash flow
Antero Resources  AR $17.85 $14.15 $13.35 $0.81 $3.28 $0.01 $0.01 $0.40 $3.70
Ascent Resources Private $13.14 $8.82 $8.47 $0.35 $5.63 $- $0.10 $(1.41) $4.32
Chesepeake Energy CHK  $9.08 $5.31 $4.88 $0.43 $8.36 $- $0.07 $(4.66) $3.77
CNX Resources CNX $10.58 $5.20 $4.90 $0.30 $5.26 $- $0.11 $0.01 $5.38
Comstock Resources CRK $9.97 $4.74 $3.86 $0.88 $8.90 $- $- $(3.67) $5.23
Coterra Energy CTRA $20.84 $7.49 $6.60 $0.89 $7.34 $- $0.08 $5.93 $13.35
EQT Corp. EQT $10.52 $7.63 $7.12 $0.51 $5.51 $0.45 $0.02 $(3.08) $2.89
GulfPort Energy GPOR $11.91 $6.87 $6.43 $0.44 $4.93 $- $- $0.11 $5.05
National Fuel Gas NFG $13.73 $4.61 $4.42 $0.19 $4.28 $12.48 $- $(7.63) $9.12
Range Resources RRC $14.65 $9.46 $9.30 $0.15 $2.68 $0.05 $0.19 $2.27 $5.20
Southwestern Energy SWN $10.43 $7.08 $6.38 $0.70 $3.58 $9.99 $- $(10.21) $3.36
Total   $13.28 $7.90 $7.33 $0.57 $5.38 $1.96 $0.05 $(2.01) $5.39

Source: Oil & Gas Financial Analytics, LLC