Antero Resources Corp. is better prepared to withstand a bearish natural gas price cycle than many of its gas-weighted peers, management said Wednesday.

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CEO Paul Rady hosted a conference call to discuss the Appalachian pure-play’s fourth-quarter and full-year 2022 results. Antero is a leading producer of natural gas and liquids in the Marcellus and Utica shale formations.

Antero sells 100% of its production outside the Appalachian Basin, “including 75% into the LNG fairway where we capture premiums” to New York Mercantile Exchange (Nymex) pricing, Rady said. “The majority of our peers have significant exposure to local markets that trade at levels as low as $1.25 back of Nymex. These markets are particularly at risk in times of increasing storage levels, where price is...