Antero resources reports first quarter 2020 results and announces revised 2020 capital budget and guidance

Antero resources reports first quarter 2020 results and announces revised 2020 capital budget and guidance.q1 adjusted non-gaap loss per share $0.13.q1 gaap loss per share $1.19.q1 earnings per share estimate $-0.01 -- refinitiv ibes data.reducing 2020 drilling and completion capital budget to $750 million, down 35% from initial 2020 guidance.targeting positive free cash flow of $175 million in 2020.antero's completion crew count will be reduced in may from three crews to one crew for remainder of 2020.has dropped its rig count to one rig for remainder of 2020.antero's cash drilling and completion capital expenditures for three months ended march 31, 2020 were $300 million.anticipates a decline in capital spending in each subsequent quarter of 2020.
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