Antero Resources Announces Third Quarter 2026 Financial and Operating Results
PR Newswire•28/10/2026•16:15 ET
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Key Highlights
- ➤Net income $367 million; Adjusted EBITDAX $634 million, up 99% year over year
- ➤Adjusted Free Cash Flow $215 million, up 137% year over year
- ➤Record net production exceeded 4.2 Bcfe/d, up 23% year over year
- ➤Fourth-quarter production guidance approximately 4.3 Bcfe/d; D&C capital $325-$350 million
- ➤Antero targets $140 million of $300 million margin enhancements by mid-2027
Expert Statements
Michael Kennedy, CEO and President of Antero Resources
“It has been a remarkable year for Antero. Over the last twelve months we have grown our net production by nearly 1 Bcfe/d though accretive transactions and efficiency gains. We also reduced our cost structure by approximately $0.40 per Mcfe, driving higher margins for our business. We accomplished all of this while also reducing our share count by over 5 million shares and maintaining leverage at approximately 1.0x. We believe our business strategy of product diversity, reduced cost structure and prudent hedging will decrease earnings volatility and drive peer-leading Free Cash Flow per share growth.”
Brendan Krueger, CFO of Antero Resources
“In just the first year of our margin enhancement initiative, we have made substantial progress. For the third quarter of 2026, we reduced our cash cost structure to $2.05 per Mcfe, compared to $2.44 per Mcfe in the third quarter of 2025, a decrease of $0.39 per Mcfe. This drove a 27% improvement in our unhedged EBITDAX margin to $1.28 per Mcfe for the third quarter of 2026 from $1.01 per Mcfe in the third quarter of 2025. This increase in margin was achieved despite NYMEX natural gas prices declining 4%.”
Antero Resources Announces Third Quarter 2026 Financial and Operating Results PR Newswire
DENVER, Oct. 28, 2026 /PRNewswire/ -- Antero Resources Corporation (NYSE: AR) ("Antero Resources," "Antero," or the "Company") today announced its third quarter 2026 financial and operating results. The relevant consolidated financial statements are included in Antero Resources' Quarterly Report on Form 10-Q for the quarter ended September 30, 2026.
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