Antero Resources misses Q4 adjusted net income estimates

Antero Resources

11/02/2026 21:22

Overview

Natural gas producer's Q4 adjusted net income missed analyst expectations

Adjusted EBITDA for Q4 missed analyst estimates

Company completed HG Energy acquisition, enhancing production capabilities

Outlook

Antero expects 2026 production to average 4.1 Bcfe/d

Company plans up to $200 mln discretionary growth capital based on commodity prices

Antero sees 2027 production increasing to 4.5 Bcfe/d with additional capital

Result Drivers

PRODUCTION INCREASE - Antero's net production rose by 2% in Q4 2025, reaching 3.5 Bcfe/d, driven by operational efficiencies

HG ENERGY ACQUISITION - The acquisition of HG Energy was completed ahead of schedule, enhancing Antero's scale and dry gas exposure

OPERATIONAL RECORDS - Antero set records in completion activities, averaging 16.1 stages per day over a pad and completing 19 stages in a single day

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Adjusted Net Income
Miss
$133 mln
$156.93 mln (11 Analysts)
Q4 Net Income
$194 mln
Q4 Adjusted EBITDA
Miss
$422 mln
$445.93 mln (15 Analysts)
Q4 Adjusted Free Cash Flow
$204 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 7 "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 $46.00, about 36.1% above its February 10 closing price of $33.80

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nPn3R6Hzja

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)