Antero Resources raises 2026 production guidance to 4.15-4.2 Bcfe/d
Company lowers 2026 cash production expense guidance to $2.20-$2.30 per Mcfe
Company expects EBITDAX margins to improve by $0.35 per Mcfe due to cost reductions
Overview
U.S. natural gas producer's Q2 Adjusted Net Income and Adjusted EBITDA missed analyst expectations
Company reported record net production, up 21% yr/yr, and lower cash production costs
Antero repurchased 1.1 mln shares for $38 mln and completed $315 mln in acquisitions
Analyst coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "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 is $51.00, about 50.5% above its July 28 closing price of $33.88
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 10 three months ago
Result Drivers and key details
- Co said record production and lower costs were driven by the integration of HG Energy assets
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