Antero Resources Corp Stock Price, News & Analysis

Antero Resources Corporation (NYSE: AR) reported its Q3 2021 results, with net production averaging 3.25 Bcfe/d and a realized natural gas price of $4.31 per Mcf, a 123% rise year-over-year. While the company posted a net loss of $549 million due to unrealized derivative losses, it achieved adjusted net income of $61 million. Free Cash Flow was $91 million, supporting a net debt reduction to $2.3 billion. Credit ratings were upgraded by Moody's and S&P, reflecting improved financial stability. Antero anticipates significant Free Cash Flow in 2021, targeting over $900 million, with reduced hedging exposure starting January 2022.

Antero Resources (NYSE: AR) will release its third quarter 2021 earnings on October 27, 2021, post-market. A conference call is scheduled for October 28, 2021, at 9:00 am MT, where financial and operational results will be discussed. Analysts will have a Q&A session following the presentation. Dial-in numbers are 877-407-9079 (U.S.) and 201-493-6746 (International). A replay will be available until November 4, 2021. The Company primarily operates in the Appalachian Basin, focusing on natural gas and liquids.

Antero Resources Corporation (NYSE: AR) reported its Q2 2021 results with a net loss of $523 million, influenced by a $757 million unrealized hedging loss. However, the adjusted net income stood at $42 million, showcasing a 71% increase in adjusted EBITDAX to $319 million. Free cash flow for the quarter was $105 million, contributing to a net debt reduction to $2.4 billion. The company raised its full-year natural gas realization guidance and reduced net marketing expenses by 22%. Despite production outages impacting volumes, Antero aims for over $750 million in free cash flow for 2021.

Antero Resources (NYSE: AR) has announced that it will release its second quarter 2021 earnings on July 28, 2021, after the market closes. A conference call to discuss the financial results is scheduled for July 29, 2021, at 9:00 am MT. Participants can join by calling 877-407-9079 in the U.S. or 201-493-6746 internationally. The call will include a Q&A session for analysts and will be available for replay until August 5, 2021. Antero is an independent natural gas and liquids company operating in the Appalachian Basin.

Antero Resources Corporation (NYSE: AR) has priced a private placement of $600 million in 5.375% senior unsecured notes due 2030, set to close on June 1, 2021. The company anticipates net proceeds of approximately $593 million, which will be utilized for the redemption of its existing 2023 senior notes and to repay borrowings under its credit facility. The notes will only be offered to qualified institutional buyers, as they are not registered under the Securities Act. This offering aims to manage debt effectively amidst market uncertainties.

Antero Resources Corporation (NYSE: AR) announced its intention to offer $500 million in senior unsecured notes due 2030, subject to market conditions. The proceeds will fund the redemption of its 5.625% senior notes due 2023 on June 1, 2021. The offering is not contingent on this redemption and is restricted to qualified institutional buyers under Rule 144A. The notes will not be registered under the Securities Act, limiting their sale in the U.S. This offering aims to streamline the company’s debt structure in the competitive natural gas sector.

Antero Resources Corporation (NYSE: AR) announced the appointment of Brenda R. Schroer to its Board of Directors, effective April 30, 2021. With this addition, the Board now consists of eight directors, seven of whom are independent. Schroer's background includes significant roles in the oil and gas industry, notably as CFO at Concho Resources, and she currently serves as Interim CFO for Solaris Midstream Holdings. Her experience in finance and ESG reporting is expected to enhance Antero's governance.

Antero Resources reported strong first quarter results for 2021, highlighting a net production of 3,322 MMcfe/d and a realized natural gas equivalent price of $4.03 per Mcfe, exceeding NYMEX pricing by $1.34. Despite a net loss of $15 million, the company's adjusted net income hit $183 million, with free cash flow reaching $416 million. Antero successfully reduced net debt by $433 million, lowering the debt-to-EBITDAX ratio to 2.0x. The firm transportation portfolio and increased C3+ NGL prices, which rose 91% year-over-year, contributed significantly to the results, with forecasts predicting over $600 million in free cash flow for 2021.