AR Research | Milton Maxwell

Antero Resources Corporation

33.23

-1.62-4.65%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

FY Q4 '25

Flexible growth at $3+ gas

2/11/26Feb 11, 2026

Q&A detailed the $200M growth capex option's flexibility—no commitments, all second-half 2026 spend, triggered at $3+ NYMEX amid tightening basis and early utility sales off MVP. HG synergies beat expectations, with upside from adjacent pads, better pricing, costs, and recoveries. Buybacks opportunistic even pre-<1x leverage; debt paydown priority but countercyclical buys possible. Dry gas pads show promise. Management dodged quantifying power RFPs but affirmed pursuits. Steady rigs yield growth. Investors eye gas strip, local deals.

Key Stats

Market Cap

10.27B

P/E (TTM)

17.58

Basic EPS (TTM)

1.89

Dividend Yield

Recent Filings

8-K

Conference participation announced

3/3/26Mar 3, 2026

Antero Resources will join the Raymond James 47th Annual Institutional Investors Conference on March 3, 2026. Presentation materials are now live on its website. No new operational or financial disclosures included.

8-K

Utica assets sold for $800M

2/23/26Feb 23, 2026

Antero Resources closed its $800 million sale of Utica Shale assets to affiliates of Infinity Natural Resources and NOG on February 23, 2026, shedding Ohio operations for cash. Deal proceeds triggered redemption of its 7.625% senior notes due 2029, set for February 24. Clean balance sheet ahead.

8-K

HG acquisition closed; 4.1 Bcfe/d guidance

2/11/26Feb 11, 2026

Antero Resources closed its HG Energy acquisition in early February 2026, boosting scale and dry gas exposure while cutting costs. Q4 2025 production hit 3.5 Bcfe/d, up 2% year-over-year, with net income at $194 million and Adjusted EBITDAX of $422 million. Guidance targets 4.1 Bcfe/d on $1 billion D&C capital. HG drives higher margins.

10-K

FY2025 results

2/11/26Feb 11, 2026

Antero Resources grew proved reserves 7% to 19,149 Bcfe (PV-10 $9.7B) as of December 31, 2025, while delivering steady FY2025 production of 1,256 Bcfe (3,442 MMcfe/d)—flat y/y yet resilient amid Utica divestiture prep. Q4 net daily production hit 3,511 MMcfe/d, signaling quarterly momentum from 61 net well completions (up from 41 in 2024). Natural gas realization jumped 55% y/y to $3.56/Mcf on Henry Hub strength to $3.43/MMBtu, driving topline to $5.3B despite NGL/oil price dips; cash capex held at $797M. Strong liquidity funds 2026's $1.1-1.3B budget (70-80 net wells). Commodity volatility threatens quarterly momentum.

8-K

Conditional notes redemption notice

2/9/26Feb 9, 2026

Antero Resources issued a conditional notice on February 9, 2026, to redeem all $365,353,000 of its 7.625% senior notes due 2029 at 101.271% of principal on February 24, 2026. Redemption hinges on closing the Ohio Utica Shale assets divestiture and board approval. No assurance of completion. Risks tie to divestiture timing.

About

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Production; Marketing; and Equity Method Investment in Antero Midstream. As of December 31, 2024, the company had approximately 521,000 net acres in the Appalachian Basin; and approximately 170,000 net acres in the Upper Devonian Shale. Its gathering and compression systems also comprise 708 miles of gas gathering pipelines in the Appalachian Basin. The company was formerly known as Antero Resources Appalachian Corporation and changed its name to Antero Resources Corporation in June 2013. Antero Resources Corporation was incorporated in 2002 and is headquartered in Denver, Colorado.

CEO

Mr. Michael N. Kennedy

IPO

10/10/2013

Website

https://www.anteroresources.com

Employees

616

Sector

Energy

Industry

Oil & Gas E&P