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Antero Resources Corp (AR.N)

AR.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Antero Resources Reports Second Quarter Results
Thursday, 30 Jul 2020 

July 29 (Reuters) - Antero Resources Corp ::ANTERO RESOURCES REPORTS SECOND QUARTER 2020 FINANCIAL AND OPERATING RESULTS.Q2 ADJUSTED NON-GAAP LOSS PER SHARE $0.37.Q2 GAAP LOSS PER SHARE $1.73.Q2 EARNINGS PER SHARE ESTIMATE $-0.16 -- REFINITIV IBES DATA.SAYS NET PRODUCTION AVERAGED 3,521 MMCFE/D (67% NATURAL GAS BY VOLUME) DURING Q2.QUARTERLY TOTAL REVENUE $484.9 MILLION VERSUS $1.3 BILLION.  Full Article

Antero Resources Announces $402 Million Overriding Royalty Transaction
Monday, 15 Jun 2020 

June 15 (Reuters) - Antero Resources Corp ::ANTERO RESOURCES ANNOUNCES $402 MILLION OVERRIDING ROYALTY TRANSACTION.PROCEEDS WILL BE USED TO REPAY REVOLVER BORROWINGS AND EFFECTIVE DATE OF TRANSACTION IS APRIL 1, 2020.CLOSING OF OVERRIDING ROYALTY INTEREST TRANSACTION WITH SIXTH STREET PARTNERS, LLC.HAS ABOUT $745 MILLION DRAWN ON ITS REVOLVING CREDIT FACILITY AND $1.2 BILLION IN LIQUIDITY UNDER ITS CREDIT FACILITY AS OF MARCH 31, 2020.ANNOUNCED THAT IT IS HAS REPURCHASED ADDITIONAL 2021 SENIOR NOTES DURING Q2 & THAT $540 MILLION OF THAT ISSUE REMAIN OUTSTANDING.ORRI TRANSACTION ADDRESSES OVER HALF OF $650 TO $900 MILLION ASSET SALE GOAL FOR 2020 & ALLOWS TO PAY DOWN DEBT.ADDITIONAL ASSET SALES & PROJECTED FREE CASH FLOW DURING 2020 WILL BE USED TO FURTHER REDUCE DEBT.  Full Article

Antero Resources Reports First Quarter 2020 Results And Announces Revised 2020 Capital Budget And Guidance
Thursday, 30 Apr 2020 

April 29 (Reuters) - Antero Resources Corp ::ANTERO RESOURCES REPORTS FIRST QUARTER 2020 RESULTS AND ANNOUNCES REVISED 2020 CAPITAL BUDGET AND GUIDANCE.Q1 ADJUSTED NON-GAAP LOSS PER SHARE $0.13.Q1 GAAP LOSS PER SHARE $1.19.Q1 EARNINGS PER SHARE ESTIMATE $-0.01 -- REFINITIV IBES DATA.REDUCING 2020 DRILLING AND COMPLETION CAPITAL BUDGET TO $750 MILLION, DOWN 35% FROM INITIAL 2020 GUIDANCE.TARGETING POSITIVE FREE CASH FLOW OF $175 MILLION IN 2020.ANTERO'S COMPLETION CREW COUNT WILL BE REDUCED IN MAY FROM THREE CREWS TO ONE CREW FOR REMAINDER OF 2020.HAS DROPPED ITS RIG COUNT TO ONE RIG FOR REMAINDER OF 2020.ANTERO'S CASH DRILLING AND COMPLETION CAPITAL EXPENDITURES FOR THREE MONTHS ENDED MARCH 31, 2020 WERE $300 MILLION.ANTICIPATES A DECLINE IN CAPITAL SPENDING IN EACH SUBSEQUENT QUARTER OF 2020.  Full Article

Antero Resources Reports Fourth Quarter And Full Year 2019 Results
Thursday, 13 Feb 2020 

Feb 12 (Reuters) - Antero Resources Corp ::ANTERO RESOURCES REPORTS FOURTH QUARTER AND FULL YEAR 2019 RESULTS AND ANNOUNCES 2020 GUIDANCE AND PROVED RESERVES.Q4 ADJUSTED NON-GAAP LOSS PER SHARE $0.02.Q4 GAAP LOSS PER SHARE $1.61.Q4 EARNINGS PER SHARE ESTIMATE $-0.09 -- REFINITIV IBES DATA.SEES 2020 DRILLING AND COMPLETION CAPITAL BUDGET OF $1.15 BILLION.FULL YEAR 2020 NET PRODUCTION IS EXPECTED TO AVERAGE 3,500 MMCFE/D.ALL-IN CASH EXPENSES, INCLUDING NET MARKETING EXPENSE, ARE EXPECTED TO BE $2.25 TO $2.35 PER MCFE IN 2020.NET PRODUCTION AVERAGED 3,185 MMCFE/D (30% LIQUIDS BY VOLUME) DURING Q4.  Full Article

Antero Resources Announces Midstream Fee Reductions And Asset Sale Program
Monday, 9 Dec 2019 

Dec 9 (Reuters) - Antero Resources Corp ::ANTERO RESOURCES ANNOUNCES MIDSTREAM FEE REDUCTIONS AND ASSET SALE PROGRAM.ANTERO RESOURCES - ENTERED INTO AGREEMENTS EXPECTED TO REDUCE GATHERING, PROCESSING & TRANSPORTATION COSTS BY ABOUT $350 MILLION OVER NEXT 4 YEARS.ANTERO RESOURCES CORP - DEALS INCLUDE GROWTH INCENTIVE FEE PROGRAM WITH ANTERO MIDSTREAM CORP.ANTERO RESOURCES - COMMENCEMENT OF AN ASSET SALE PROGRAM TARGETING $750 MILLION TO $1 BILLION IN PROCEEDS TO BE COMPLETED IN 2020.ANTERO RESOURCES CORP - ASSET SALE PROGRAM WAS INITIATED WITH A $100 MILLION SALE OF AM SHARES TO ANTERO MIDSTREAM.ANTERO RESOURCES CORP - ANTERO EXPECTS A $0.15 PER MCFE REDUCTION IN ITS 2020 ALL-IN CASH OPERATING COSTS AS COMPARED TO 2019.ANTERO RESOURCES CORP - BY 2022 CO IS TARGETING A $0.35 PER MCFE REDUCTION IN ALL-IN CASH OPERATING COSTS COMPARED TO 2019.ANTERO RESOURCES CORP - REVISED 2020 FREE CASH FLOW TARGET TO POSITIVE FREE CASH FLOW FROM A PREVIOUS FORECAST OUTSPEND OF $100 TO $150 MILLION.ANTERO RESOURCES CORP - ASSET SALE PROGRAM IS EXPECTED TO REDUCE DEBT AND RESULT IN LOW 2-TIMES LEVERAGE BY END OF 2020.  Full Article

Paul Rady Reports 5% Share Stake In Antero Resources Corp As Of Nov. 20
Friday, 22 Nov 2019 

Nov 21 (Reuters) - Antero Resources Corp ::PAUL RADY REPORTS 5.0% SHARE STAKE IN ANTERO RESOURCES CORP AS OF NOVEMBER 20 - SEC FILING.PAUL RADY - INTENDS TO PARTICIPATE IN AND INFLUENCE AFFAIRS OF ANTERO RESOURCES CORP THROUGH HIS POSITION AS CO'S BOARD MEMBER AND EXECUTIVE OFFICER.  Full Article

Antero Resources Says Q3 Adjusted Loss Per Share Of $0.49
Wednesday, 30 Oct 2019 

Oct 29 (Reuters) - Antero Resources Corp ::ANTERO RESOURCES REPORTS THIRD QUARTER 2019 FINANCIAL AND OPERATIONAL RESULTS.Q3 ADJUSTED LOSS PER SHARE $0.49.Q3 LOSS PER SHARE $2.86.Q3 EARNINGS PER SHARE ESTIMATE $-0.29 -- REFINITIV IBES DATA.QTRLY NET DAILY GAS EQUIVALENT PRODUCTION AVERAGED 3,367 MMCFE/D (32% LIQUIDS BY VOLUME), A 24% INCREASE.INCREASING FULL YEAR PRODUCTION GUIDANCE TO TOP END OF RANGE, OR APPROXIMATELY 3,250 MMCFE/D.SEES FULL YEAR 2019 DRILLING AND COMPLETION CAPITAL TO A RANGE OF $1.275 TO $1.3 BILLION.DECREASING ITS NET MARKETING EXPENSE GUIDANCE FOR 2019 TO A RANGE OF $0.21 TO $0.23 PER MCFE.EXPECTS Q4 2019 NET MARKETING EXPENSE TO BE IN RANGE OF $0.15 TO $0.17 PER MCFE.  Full Article

Antero Resources Reports Q2 2019 Results
Thursday, 1 Aug 2019 

July 31 (Reuters) - Antero Resources Corp ::ANTERO RESOURCES REPORTS SECOND QUARTER 2019 FINANCIAL AND OPERATIONAL RESULTS.Q2 REVENUE ROSE 31 PERCENT TO $1.3 BILLION.Q2 REVENUE ESTIMATE $1.04 BILLION -- REFINITIV IBES DATA.Q2 GAAP EARNINGS PER SHARE $0.14.Q2 EARNINGS PER SHARE ESTIMATE $-0.08 -- REFINITIV IBES DATA.QTRLY NET DAILY GAS EQUIVALENT PRODUCTION AVERAGED 3,226 MMCFE/D A 28% INCREASE.EXPECT WELL COSTS TO BE 10% TO 14% LOWER PER FOOT BY 2020, COMPARED TO OUR 2019 BUDGETED COSTS PER FOOT.ON TRACK TO ACHIEVE ITS TARGETED REDUCTIONS IN WELL COSTS AND LEASE OPERATING EXPENSES.EXPECTS TO TREND LOWER IN WATER USED IN COMPLETION OPERATIONS OVER TIME.TARGETING 110 TO 120 COMPLETIONS IN 2020.PRELIMINARY DRILLING AND COMPLETION CAPITAL BUDGET FOR 2020 IS $1.2 BILLION TO $1.3 BILLION.FORECASTING A DECREASE IN CASH PRODUCTION EXPENSES DURING 2019 TO A RANGE OF $2.15 TO $2.20 PER MCFE.  Full Article

Antero Resources Corp Says Co Was Awarded A Jury Verdict Of About $95.9 Mln
Friday, 21 Jun 2019 

June 21 (Reuters) - Antero Resources Corp ::ANTERO RESOURCES CORP - ON JUNE 20, COMPANY WAS AWARDED A JURY VERDICT OF APPROXIMATELY $95.9 MILLION.ANTERO RESOURCES CORP - JURY VERDICT RELATES TO PREVIOUSLY DISCLOSED LAWSUIT AGAINST WASHINGTON GAS LIGHT COMPANY AND WGL MIDSTREAM, INC.ANTERO RESOURCES CORP - JURY RULED AGAINST DEFENDANTS ON THEIR CLAIMS AGAINST COMPANY.  Full Article

Antero Resources Q1 GAAP Earnings Per Share $3.17
Thursday, 2 May 2019 

May 1 (Reuters) - Antero Resources Corp ::ANTERO RESOURCES REPORTS FIRST QUARTER 2019 FINANCIAL AND OPERATIONAL RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $0.35.Q1 EARNINGS PER SHARE ESTIMATE $0.31 -- REFINITIV IBES DATA.Q1 GAAP EARNINGS PER SHARE $3.17.QTRLY NET DAILY GAS EQUIVALENT PRODUCTION AVERAGED 3,099 MMCFE/D A 30% INCREASE OVER PRIOR YEAR PERIOD.ANTERO RESOURCES - FOR REST OF 2019, INTENDS TO CONTINUE RECOVERING ETHANE ONLY AT LEVELS NECESSARY TO FULFILL ETHANE CONTRACTS, MEET PIPELINE SPECS.FOR FULL YEAR OF 2019, ANTERO EXPECTS TO RECOVER TOTAL ETHANE VOLUMES IN A RANGE OF 38,000 TO 42,000 BARRELS PER DAY.THERE HAS BEEN NO CHANGE TO EXPECTED PRODUCTION GUIDANCE RANGE FOR YEAR OF 3,150 MMCFE/D TO 3,250 MMCFE/D.BORROWING BASE UNDER ANTERO RESOURCES' CREDIT FACILITY WAS REAFFIRMED AT $4.5 BILLION.QTRLY TOTAL REVENUE $1.03 BILLION VERSUS $1.04 BILLION.Q1 REVENUE VIEW $1.16 BILLION -- REFINITIV IBES DATA.  Full Article