Antero Resources Q2 2025 Financial and Operating Results

Antero Resources Corporation, a leading natural gas and NGL producer, has released its financial and operating results for the second quarter of 2025. The company has reported significant improvements in key financial metrics and operational performance, reflecting its strategic initiatives and market conditions.

Financial Highlights

For the second quarter of 2025, Antero Resources reported a net income of $157 million, a substantial turnaround from a net loss of $79.8 million in the same period last year. Adjusted Net Income stood at $110 million, while Adjusted EBITDAX reached $379 million, marking a 151% increase from the prior year. The company also generated $262 million in Free Cash Flow, a significant improvement from a negative Free Cash Flow of $68.2 million in Q2 2024.

Business and Operational Highlights

Antero's net production averaged 3.4 Bcfe/d, with natural gas production at 2.2 Bcf/d and liquids production at 200 MBbl/d. The company realized a pre-hedge natural gas equivalent price of $3.85 per Mcfe, a $0.41 per Mcfe premium to NYMEX, and a pre-hedge C3+ NGL price of $37.92 per barrel. The company placed 18 horizontal Marcellus wells to sales during the quarter, with an average lateral length of 13,500 feet.

Strategic Initiatives and Corporate Developments

During the quarter, Antero reduced its net debt by $187 million to $1.1 billion and repurchased 3.6 million shares for approximately $126 million. The company also published its Annual ESG Report, highlighting significant progress in emissions reduction and local economic impacts.

Management's Perspective

Paul Rady, Chairman, CEO, and President of Antero Resources, commented on the company's performance, emphasizing the increase in production guidance and reduction in the drilling and completion capital budget. CFO Michael Kennedy highlighted the company's ability to generate substantial Free Cash Flow and its strategic focus on debt reduction and share buybacks.

Future Outlook

Antero has increased its full-year 2025 production guidance to 3.4 to 3.45 Bcfe/d, driven by strong well performance. The company has also decreased its drilling and completion capital guidance to $650 to $675 million, reflecting continued capital efficiency gains. Antero expects natural gas demand to grow significantly by 2030, driven by LNG export growth and increasing power demand fueled by AI Data Centers.

SEC Filing: ANTERO RESOURCES Corp [ AR ] - 8-K - Jul. 30, 2025