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.)