Antero Resources (AR)
NYSE:AR
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Earnings Data
Report Date
Jul 29, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.91Last Year’s EPS
0.35Same Quarter Last Year
Strong Buy
Based on 16 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational execution (100% uptime during a major storm), record production (3.9 Bcfe/d, +13% YoY), substantial free cash flow (Q1 $657M; $750M+ Dec–Q1), accelerated debt paydown and acquisition synergies that materially outpaced initial targets (forecasted $80M in 2026 vs. $50M target). Management also highlighted favorable macro tailwinds for NGLs and LNG demand and a strong hedge position on gas volumes. The primary negatives were geopolitical-driven market uncertainty, inventory/export timing risk, NGL/ethane realization volatility, and execution/timing risks associated with recontracting transport and phased demand projects. Overall, positive operational and financial momentum significantly outweighs the risks, though management remains conservatively guided given external uncertainties.Company Guidance
Record Quarterly Production
Q1 production of 3.9 Bcfe per day, a 13% increase vs. the year-ago period; company guidance for full-year 2026 of ~4.1 Bcfe per day, nearly a 20% increase from 2025.
Strong Free Cash Flow and Accelerated Debt Paydown
Generated free cash flow of $657 million in the quarter (second-highest in company history) and over $750 million from December through end of Q1; exceeded a targeted ~$500 million funding target by $250 million and used proceeds plus divestiture proceeds to fund over 50% of the HG acquisition and pay down >25% of the acquisition cost.
HG Acquisition Added Scale and Lowered Costs
Closed HG acquisition, adding nearly 400,000 net acres and ~400 drilling locations in core West Virginia Marcellus; acquisition expected to lower corporate cash costs by $0.30 per Mcfe and reduce breakeven; no AR equity issued to fund the deal.
Synergies Outpacing Initial Targets
Realized $15–$20 million of operating synergies early and now forecasting over $80 million of synergies in 2026 (initial target was $50 million); management expects synergies to accelerate to roughly $100 million annually thereafter, with long-term upside discussed.
Operational Execution and Efficiency Gains
Operations achieved 100% uptime during winter storm Fern; integration examples include first HG six-well pad (110,000 total lateral feet, >18,000 ft avg lateral, 89% net royalty) and meaningfully higher completion & drilling throughput (prior 2–4 stages/day vs. company >14 stages/day; drilling under 9 days/well vs. much longer previously).
Improved NGL Realizations and Export Positioning
Booked approx. $0.94 premium to Mont Belvieu on C3+ in Q1; company produces 46 million net barrels of C3+ NGLs with each $1/ barrel increase equating to ~$46 million incremental cash flow; forecasted realized C3+ pricing improved by ~ $12/ barrel implying >$550 million incremental free cash flow in 2026.
Hedge Profile and Financial Risk Management
Over 60% of 2026 natural gas volumes hedged and ~33% hedged in 2027; ongoing target hedge range of 25%–50% to reduce cash flow volatility while keeping liquids unhedged to capture upside.
Favorable Market and Demand Backdrop
Positioned for rising LNG/NGL global demand (2.3 Bcf/day sold to LNG fairway; U.S. LPG export capacity increased ~610k bpd in past year to ~3 million bpd with ~1 million bpd more expected by 2028); expected increase in LNG export demand of ~7 Bcf/day by 2027 and strong regional power/data center demand (publicly announced >8 Bcf/day; company estimates >10 Bcf/day including non-disclosed projects).
AR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $39.01 | $39.26 | +0.64% |
Feb 11, 2026 | $35.11 | $33.81 | -3.70% |
Oct 29, 2025 | $31.62 | $30.03 | -5.03% |
Jul 30, 2025 | $33.82 | $34.93 | +3.28% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Antero Resources (AR) report earnings?
Antero Resources (AR) is schdueled to report earning on Jul 29, 2026, After Close (Confirmed).
What is Antero Resources (AR) earnings time?
Antero Resources (AR) earnings time is at Jul 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AR EPS forecast?
AR EPS forecast for the fiscal quarter 2026 (Q2) is 0.91.