Antero Resources Q1 adjusted net income beats estimates on record production

Antero Resources

29/04/2026 21:27

Overview

US natural gas and NGL producer's Q1 adjusted net income beat analyst expectations

Q1 net production rose 13% yr/yr to a company record 3.9 Bcfe/d

Company closed HG acquisition, expects 6% production growth and 15% lower cash costs in Q2

Outlook

Company expects Q2 production to average 4.1 Bcfe/d, up 6% from Q1 2026

Company maintains full-year 2026 production guidance at about 4.1 Bcfe/d

Antero cuts 2026 cash production expense guidance to $2.25-$2.35 per Mcfe

Result Drivers

RECORD PRODUCTION - Q1 net production averaged 3.9 Bcfe/d, up 13% yr/yr, driven by higher natural gas output and operational execution during winter conditions

HG ACQUISITION - Closed HG acquisition in early February, contributing to higher production and expected to lower cash costs in future quarters

HIGHER REALIZED PRICES - Achieved pre-hedge natural gas and NGL prices above benchmarks, supporting revenue growth

Company press release: ID:nPnbtm28Xa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted Net Income
Beat
$357 mln
$343.71 mln (12 Analysts)
Q1 Net Income
$535 mln
Q1 Adjusted Free Cash Flow
$657 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 6 "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 $50.00, about 29.7% above its April 28 closing price of $38.55

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

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.)