Antero Resources (AR) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Apr 29, 2026

After Close (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

0.91

Last Year’s EPS

0.78

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 15 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 11, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveyed a decidedly positive operational and financial picture: management reported strong execution during severe winter weather, record operational productivity, a transformational HG acquisition that expands acreage, inventory life and dry‑gas exposure, substantial free cash flow generation (> $750M), meaningful debt reduction (> $300M) and a disciplined capital and hedge program. Key challenges cited include near‑term NGL headwinds driven by trade and export start‑up delays, a decelerating U.S. C3+ supply growth profile, and the market not yet fully reflecting the company’s improved fundamentals. On balance, the magnitude and number of positive developments (acquisition benefits, cost reduction ~10%, production growth of ~20.6% YoY to 4.1 Bcfe/d in 2026, strong cash generation and hedges) materially outweigh the cited headwinds and execution items.

Company Guidance

The company’s guidance calls for $1.0 billion of 2026 drilling & completion capital (including ~$900 million maintenance capex and $100 million from higher working interest) with an optional incremental ~$200 million of second‑half growth capex; production is forecast at ~4.1 Bcfe/d in 2026, rising to ~4.3 Bcfe/d in 2027 (with an option to reach ~4.5 Bcfe/d), maintenance capex remaining ~ $900M even at higher volumes, and leverage expected to be roughly the pre‑acquisition level (just below 1.0x) by 2026. Financial de‑risking includes ~60% of 2026 gas volumes hedged (≈40% swaps at $3.92/MMBtu and ≈20% wide collars $3.24–$5.70) and ~30% of 2027 volumes (~0.9 Bcf/d) hedged at high‑$3s with the ability to hedge local basis (~$0.75 back) to lock in ~ $3 wellhead realizations; the HG acquisition adds 385,000 net acres and >400 locations, increased the production base >30%, extended inventory life by five years and is expected to lower cash costs by nearly 10% (targeting roughly $0.25/Mcfe margin improvement). Operational and market context: 2025 generated >$750 million of free cash flow (used to pay down >$300M of debt, repurchase $136M of stock and invest >$250M in accretive transactions), company set a 19 stages/day single‑crew record (avg >14 stages/day, +8% y/y) and averaged <5 drilling days/10,000 ft (‑4% y/y), while NGLs trade above $35/bbl (annual average strip ~$33.5/bbl; a $5 move ~ $225M FCF) and regional demand dynamics (ResCom ~42 Bcf/d winter, LNG exports +~5 Bcf/d y/y) support tighter local basis (TGP 500L ~ +$0.66 to Henry Hub; 2026 local basis ~ $0.74 back).

Operational Resilience During Winter Storm

No shut-in volumes during a severe winter storm with subzero temperatures and heavy snowfall; field teams turned in-line a seven-well pad during the event, demonstrating strong operational execution and reliability.

Strategic HG Energy Acquisition and Asset Growth

Closed HG Energy acquisition ahead of schedule, adding 385,000 net acres and over 400 drilling locations; increased production base by over 30% and extended Marcellus core inventory life by five years, materially expanding high‑confidence development optionality.

Strong Free Cash Flow and Capital Deployment

Generated over $750,000,000 of free cash flow in 2025; used proceeds to reduce debt by over $300,000,000, repurchase $136,000,000 of stock, and invest more than $250,000,000 in accretive acquisitions, supporting a flexible, opportunistic capital return strategy.

Balance Sheet and Financing Milestones

Issued inaugural investment grade bonds in January to increase financial flexibility; company expects leverage by 2026 to be similar to pre-acquisition levels (just below 1x).

Operational Productivity and Cost Improvements

Set operational records: single completion crew achieved 19 stages/day; full-year average stages/day exceeded 14 (an 8% increase vs. 2024). Drilling averaged under 5 drilling days per 10,000 feet (≈4% faster than 2024). Transaction lowers cash cost structure by nearly 10%, expanding margins and reducing breakeven prices.

Production and Capital Outlook

Forecasted production growth from 3.4 Bcfe/d in 2025 to 4.1 Bcfe/d in 2026 (≈+20.6%), with 2027 guidance to 4.3 Bcfe/d and a discretionary growth option up to 4.5 Bcfe/d. 2026 drilling & completion capital budget set at $1,000,000,000 (including $900,000,000 maintenance and $100,000,000 incremental WI), with up to $200,000,000 incremental optional growth capital (primarily second half).

Hedge Program and Revenue Protection

For 2026, approximately 60% of natural gas volumes hedged (≈40% swaps at $3.92/MMBtu and ≈20% wide collars $3.24–$5.70/MMBtu), protecting cash flow while preserving upside; 2027 has ~30% of volumes hedged at attractive high‑$3 levels with ability to hedge local basis (~$0.75–$0.76 back) to lock in strong wellhead realizations.

Favorable Regional Demand Trends

Residential and commercial demand averaged nearly 42 Bcf/day Nov–Feb (+~350 Bcf incremental vs five‑year avg); January ResCom demand >50 Bcf/day (third strongest on record), and industrial demand highest since 2005. LNG export demand is up >5 Bcf/day year‑over‑year, tightening regional market dynamics and supporting local pricing.

Local Basis Strength and Commercial Opportunities

TGP 500L delivery premium for 2026 is +$0.66 vs Henry Hub (annualized high for the company); local pricing for 2026 is ~$0.74 back of Henry Hub (tighter than 5‑yr avg of $0.88), enhancing economics for additional in‑basin development and commercial sales to utilities, power, and data center customers.

Antero Resources (AR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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AR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 29, 2026	2026 (Q1)	0.91 / -	0.783	―	―	―
Feb 11, 2026	2025 (Q4)	0.50 / 0.42	0.579	-26.77% (-0.15)
Oct 29, 2025	2025 (Q3)	0.24 / 0.15	-0.123	221.95% (+0.27)
Jul 30, 2025	2025 (Q2)	0.42 / 0.35	-0.193	281.87% (+0.54)
Apr 30, 2025	2025 (Q1)	0.83 / 0.78	0.071	1002.82% (+0.71)
Feb 12, 2025	2024 (Q4)	0.30 / 0.58	0.224	158.48% (+0.35)
Oct 30, 2024	2024 (Q3)	-0.05 / -0.12	0.085	-244.71% (-0.21)
Jul 31, 2024	2024 (Q2)	-0.18 / -0.19	-0.282	31.56% (+0.09)
Apr 24, 2024	2024 (Q1)	0.03 / 0.07	0.507	-86.00% (-0.44)
Feb 14, 2024	2023 (Q4)	0.22 / 0.22	1.039	-78.44% (-0.81)

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
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%
Apr 30, 2025	$34.83	$34.65	-0.52%

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 Apr 29, 2026, After Close (Confirmed).

What is Antero Resources (AR) earnings time?

Antero Resources (AR) earnings time is at Apr 29, 2026, After Close (Confirmed).

Where can I see when companies are reporting earnings?

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What companies are reporting earnings today?

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What is AR EPS forecast?

AR EPS forecast for the fiscal quarter 2026 (Q1) is 0.91.