Antero Resources' Q2 adjusted net income misses expectations

Reuters
07-31
Antero Resources' <a href="https://laohu8.com/S/QTWO">Q2</a> adjusted net income misses expectations

Overview

  • Antero Q2 adjusted net income misses expectations, per LSEG data

  • Adjusted EBITDAX up 151% yr/yr, free cash flow at $262 mln

  • Company reduced net debt by $187 mln, repurchased 3.6 mln shares

Outlook

  • Antero increases 2025 production guidance to 3.4-3.45 Bcfe/d

  • Company lowers 2025 drilling budget to $650-$675 mln

Result Drivers

  • MAINTENANCE IMPACT - Realized natural gas price was negatively impacted by maintenance on a Gulf Coast pipeline, leading to sales at a discounted regional hub

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Adjusted Net Income

Miss

$110 mln

$129.60 mln (12 Analysts)

Q2 Net Income

$157 mln

Q2 Adjusted Free Cash Flow

$262 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 $46.00, about 26.7% above its July 29 closing price of $33.73

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

Press Release: ID:nPn1SswKha

(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.)

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