Overview

* Antero Q2 adjusted net income misses expectations, per LSEG data

* Adjusted EBITDAX up 151% yr/yr, free cash flow at $262 mln

* Company reduced net debt by $187 mln, repurchased 3.6 mln shares

Outlook

* Antero increases 2025 production guidance to 3.4-3.45 Bcfe/d

* Company lowers 2025 drilling budget to $650-$675 mln

Result Drivers

* MAINTENANCE IMPACT - Realized natural gas price was negatively impacted by maintenance on a Gulf Coast pipeline, leading to sales at a discounted regional hub

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $110 mln $129.60

Adjusted mln (12

Net Analysts

Income )

Q2 Net $157 mln

Income

Q2 $262 mln

Adjusted

Free

Cash

Flow

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

* Wall Street's median 12-month price target for Antero Resources Corp ( AR ) is $46.00, about 26.7% above its July 29 closing price of $33.73

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)