Overview

* Antero Q3 adjusted net income of $48.2 mln, compared to loss of $51.8 mln yr ago

* Adjusted EBITDAX increased 70% yr/yr, reflecting operational improvements

* Company completed $260 mln strategic acquisitions in core Marcellus footprint

Outlook

* Antero expects Q4 2025 production to increase to 3.5-3.525 Bcfe/d

* Full-year 2025 production expected at high end of 3.4-3.45 Bcfe/d range

* Antero revises 2025 C3+ NGL price premium to $0.75-$1.00 per barrel

Result Drivers

* DRILLING RECORDS - Antero set records for longest lateral drilled and highest completion stages per day in Q3

* STRATEGIC ACQUISITIONS - Completed $260 mln acquisitions in Marcellus footprint, financed through Free Cash Flow

* DRY GAS DEVELOPMENT - Added a spot rig to spud a dry gas pad, aiming to increase production for datacenters and local markets

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $48.2

Adjusted mln

Net

Income

Q3 Net $76.2

Income mln

Q3 $91 mln

Adjusted

Free

Cash

Flow

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 5 "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 $44.00, about 27.5% above its October 28 closing price of $31.88

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

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(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.)