Earnings summaries and quarterly performance for ANTERO RESOURCES.
Executive leadership at ANTERO RESOURCES.
Board of directors at ANTERO RESOURCES.
Benjamin A. Hardesty
Chairman of the Board
Brenda R. Schroer
Director
Jacqueline C. Mutschler
Director
Jeffrey S. Muñoz
Director
Robert J. Clark
Director
Thomas B. Tyree, Jr.
Director
Vasiliki (Vicky) Sutil
Director
W. Howard Keenan, Jr.
Director
Research analysts who have asked questions during ANTERO RESOURCES earnings calls.
Arun Jayaram
JPMorgan Chase & Co.
4 questions for AR
Kevin MacCurdy
Pickering Energy Partners
4 questions for AR
Leo Mariani
ROTH MKM
4 questions for AR
David Deckelbaum
TD Cowen
3 questions for AR
John Freeman
Raymond James Financial
3 questions for AR
Bertrand Donnes
Truist Securities
2 questions for AR
Neil Mehta
Goldman Sachs
2 questions for AR
Paul Diamond
Citigroup
2 questions for AR
Roger Read
Wells Fargo & Company
2 questions for AR
Ati Modak
Goldman Sachs
1 question for AR
Betty Jiang
Barclays
1 question for AR
Betty John
Barclays
1 question for AR
Carlos de Alba
Morgan Stanley
1 question for AR
Doug Leggate
Wolfe Research
1 question for AR
Greta Drefke
Goldman Sachs
1 question for AR
John Abbott
Wolfe Research
1 question for AR
Joshua Silverstein
UBS Group AG
1 question for AR
Kaleinoheaokealaula Akamine
Bank of America
1 question for AR
Nitin Kumar
Mizuho Securities USA
1 question for AR
Phillip Jungwirth
BMO Capital Markets
1 question for AR
Wei Jiang
Barclays
1 question for AR
Recent press releases and 8-K filings for AR.
- Antero Resources Corporation completed the acquisition of HG Energy II Production Holdings, LLC from HG Energy II LLC for approximately $2.8 billion in cash consideration on February 3, 2026.
- To partially fund this acquisition, Antero Resources Corporation borrowed $1.5 billion under a new unsecured Term Loan A Facility on February 3, 2026.
- The Term Loan A Facility matures on February 3, 2029, and requires the company to maintain a total indebtedness to capitalization ratio of 65% or less at the end of each fiscal quarter.
- Antero Resources Corporation priced an underwritten public offering of $750 million in aggregate principal amount of 5.40% senior unsecured notes due 2036 at 99.869% of their principal amount.
- The offering is expected to close on January 28, 2026, with estimated net proceeds of approximately $743 million.
- The net proceeds from the offering are intended to partially fund the HG Acquisition.
- Infinity Natural Resources announced the acquisition of Antero Resources and Antero Midstream's Ohio Utica Shale assets for a total consideration of $1.2 billion.
- Infinity will acquire a 51% interest in the assets for $612 million, with Northern Oil and Gas acquiring the remaining 49% for $588 million.
- The transaction is expected to close in Q1 2026 and will be funded by Infinity with cash on hand and borrowings under an expanded $875 million credit facility, without issuing equity.
- The acquired assets include approximately 71,000 net acres adjacent to Infinity's core position, creating a pro forma position of approximately 102,000 Ohio net horizontal Utica Shale acres with 1.4 TCFE of undeveloped net reserves in Ohio.
- The acquisition is expected to be immediately accretive to key financial metrics and deliver $25 million of synergies in 2026.
- Infinity Natural Resources (INR) announced the acquisition of Antero Resources and Antero Midstream's Ohio Utica Shale assets for a total consideration of $1.2 billion.
- INR will acquire a 51% interest for $612 million, with Northern Oil and Gas acquiring the remaining 49%. The transaction is expected to close in Q1 2026 and will be funded by cash on hand and an expanded $875 million credit facility, with no equity issuance.
- This acquisition adds approximately 71,000 net acres adjacent to INR's core position, expanding its pro forma Ohio net horizontal Utica Shale acreage to 102,000 acres. It also includes a midstream system with over 140 miles of gathering lines and a capacity exceeding 600 million cubic feet of gas per day.
- The deal is anticipated to be immediately accretive to key financial metrics and generate $25 million in synergies in 2026. Post-closing, INR plans to increase its operated rig count to two rigs.
- Infinity Natural Resources announced the acquisition of Antero Resources and Antero Midstream's Ohio Utica Shale Assets for a total consideration of $1.2 billion.
- Infinity will acquire a 51% interest in the assets for $612 million, with Northern Oil and Gas acquiring the remaining 49% for $588 million.
- The transaction is expected to close in Q1 2026 and will be funded with cash on hand and borrowings under an expanded $875 million credit facility, without issuing any equity.
- The acquired assets include approximately 71,000 net acres in the Ohio Utica Shale, which produced 133 MCFE per day during Q3 2025, and a midstream system spanning over 140 miles. The acquisition is expected to be immediately accretive to key financial metrics and deliver $25 million of synergies in 2026.
- Antero Resources (AR) is acquiring HG Energy's upstream business for $2.8 billion and simultaneously divesting non-core Utica upstream assets for $800 million.
- Antero Midstream (AM) is acquiring HG Energy's midstream business for $1.1 billion and divesting non-core Utica midstream assets for $400 million.
- The HG acquisition is projected to be 30%+ accretive to AR's operating cash flow, free cash flow, and NAV per share metrics, adding over 400 new locations in the Marcellus Shale Core.
- AR expects $950 million in identified synergies and a reduction in its cost structure by approximately $0.25/Mcfe from the HG acquisition.
- The acquisition is anticipated to be fully financed by 2028, with AR expecting to maintain a strong balance sheet and achieve leverage below 1.0x in 2026.
- Infinity Natural Resources announced the acquisition of Antero Resources and Antero Midstream's Ohio Utica Shale Assets for a total consideration of $1.2 billion.
- Infinity will acquire a 51% interest for $612 million, with Northern Oil and Gas acquiring the remaining 49% for $588 million. The transaction is expected to close in Q1 2026 and will be funded by Infinity with cash on hand and borrowings under an expanded $875 million credit facility, without issuing equity.
- The acquisition is expected to be immediately accretive to key financial metrics, including Adjusted EBITDA margins, cash flow per share, and net asset value per share. It is projected to deliver $25 million of synergies in 2026 alone.
- The acquired assets produced approximately 133 MCFE per day during Q3 2025 and include a midstream system spanning over 140 miles capable of gathering volumes in excess of 600 million cubic feet of gas per day. The deal creates a pro forma position of approximately 102,000 Ohio net horizontal Utica Shale acres for Infinity.
- Infinity Natural Resources announced the acquisition of Antero Resources and Antero Midstream's Ohio Utica Shale assets for a total consideration of $1.2 billion. Infinity will acquire a 51% interest for $612 million, with Northern Oil and Gas acquiring the remaining 49% for $588 million.
- The transaction is expected to close in Q1 2026 and will be funded by cash on hand and borrowings under an expanded $875 million credit facility, with no equity issuance by Infinity.
- The acquired assets are highly complementary, located adjacent to Infinity's core position, and include a strategically important midstream system spanning over 140 miles with a capacity of 600 million cubic feet of gas per day. This acquisition creates a pro forma position of approximately 102,000 OhioNet horizontal Utica Shale acres and 3.2 TCFE total company reserves.
- The deal is expected to be immediately accretive to key financial metrics and deliver $25 million in synergies in 2026 alone. The acquired assets produced approximately 133 MCFE per day during Q3 2025.
- Antero Resources announced a definitive agreement to acquire the upstream assets of HG Energy II, LLC for $2.8 billion in cash, expected to close in Q2 2026, and to sell its Ohio Utica Shale upstream assets for $800 million in cash, expected to close in Q1 2026.
- The HG Energy acquisition is anticipated to add 850 MMcfe/d of 2026 expected production in the Marcellus, be accretive on key financial metrics, and deliver over 30% average Free Cash Flow accretion over the next two years.
- Antero expects to achieve approximately $950 million of synergies over 10 years from the acquisition, while maintaining an investment grade balance sheet and targeting pro forma leverage of less than 1.0x in 2026.
- The acquisition will be financed through Free Cash Flow, a $1.5 billion underwritten 3-year term loan, and proceeds from the Utica divestiture.
- Antero Resources is in advanced negotiations to acquire HG Energy, a privately held shale gas producer, with the deal potentially valued in the multi-billion-dollar range.
- Separately, Antero Midstream has agreed to acquire HG Midstream from HG Energy II for $1.1 billion in cash.
- Following the news, Antero Resources' shares fell approximately 2% premarket to $36.34, and J.P. Morgan lowered its rating to 'neutral' from 'overweight', cutting the price target to $39 from $44.
- The acquisition aligns with Antero's strategy to expand its natural gas reserves in the Appalachian Basin, driven by recent spikes in natural gas prices, with U.S. futures topping $5 per million British thermal units (mmBtu).
Quarterly earnings call transcripts for ANTERO RESOURCES.
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