What is the market's earnings forecast for Antero Resources next quarter?

What does Antero Resources do and what are its main business segments?

What were the key takeaways from Antero Resources's earnings call?

Did Antero Resources beat or miss consensus estimates last quarter?

What is Antero Resources's gross profit margin?

What is Antero Resources's latest dividend and current dividend yield?

What is the revenue and EPS growth rate for Antero Resources year over year?

What guidance did Antero Resources's management provide for the next earnings period?

- **Operational Excellence**: Set records with 14.5 stages/day and 15 days of continuous pumping, achieving 1.3 Bcf/day well performance in Harrison County.
- **Strategic Expansion**: Launched 6-well dry gas pad in Harrison County, targeting 50% EUR improvement, and expanded West Virginia Marcellus position.
- **Financial Discipline**: Generated $600 million free cash flow year-to-date, used for debt reduction, buybacks, and accretive acquisitions.
- **Hedging Strength**: Locked in 24% of 2026 gas volumes at $3.82/MMBtu and 28% with wide collars, ensuring 6-9% free cash flow yield at $2-3/Mcfe.
- **NGL Recovery**: Slowing Permian supply growth and new export capacity to support Mont Belvieu prices, 45% of C3+ sold domestically.
- **Data Center Growth**: Exploring direct gas supply to data centers, leveraging midstream infrastructure for margin-enhancing deals.

**【CEO Summary Section】**
- **Strategic Initiatives**: Focused on natural gas demand growth from LNG exports and data center power generation. Expanded West Virginia Marcellus position through bolt-on acquisitions and organic leasing, targeting 1,000 dry gas locations. 
- **Operational Records**: Set new drilling and completion records, including 14.5 stages/day and 15 days of continuous pumping. Achieved 1.3 Bcf/day well performance in Harrison County, expecting 50% improvement over historical type curves.
- **Hedging Strategy**: Locked in 24% of 2026 natural gas volumes at $3.82/MMBtu and 28% with wide collars ($3.22-$5.83/MMBtu), ensuring 6-9% free cash flow yield at $2-3/Mcfe.

**【CFO Financial Commentary】**
- **Free Cash Flow**: Generated $90 million in Q3 and $600 million year-to-date, used for debt reduction ($180 million), share buybacks ($163 million), and asset acquisitions ($242 million).
- **Debt Position**: Maintained low absolute debt ($1.3 billion) with no near-term maturities, providing flexibility for accretive transactions.
- **Hedge Program Update**: Restructured 2026 natural gas collars to raise floor price and added swaps for Q4 2025 and full-year 2026-27, reducing breakeven to $1.75/Mcfe.

**【Q&A Highlights】**
- **Dry Gas Development**: Initiated 6-well pad in Harrison County to test 50% EUR improvement, driven by local demand from data centers and power projects.
- **2026 Capital Plan**: Targeting 3.5-4% production growth with $675 million maintenance capex, no decision on drilling JV yet.
- **NGL Outlook**: Slowing Permian supply growth (11,000 b/d in 2026) and new export capacity to support Mont Belvieu prices, 45% of C3+ sold domestically.
- **Data Center Opportunities**: Exploring behind-the-meter power generation and direct gas supply to data centers, leveraging midstream infrastructure.
- **Ohio Asset Marketing**: Evaluating potential sale of Utica Shale assets, proceeds could fund share buybacks or accretive transactions.

Antero Resources Corporation(AR)-20251030-2025 Q3 Earnings call transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

AR

AR fundamentals

You can ask Aime