Antero Resources Corporation shares rise 1.50% premarket after WhiteHawk acquires PHX Minerals Inc. for $187 million.

Antero Resources Corporation rose 1.50% in premarket trading. The company's stock price increase may be attributed to the acquisition of PHX Minerals Inc. by WhiteHawk for $4.35 per share, which values PHX at approximately $187 million. This acquisition adds 1.8 million gross unit acres of premier natural gas mineral and royalty assets, significantly expanding WhiteHawk's footprint in the core of the Haynesville Shale in East Texas.