$AR · ANTERO RESOURCES Corp
Antero Resources filed an 8-K (Item 2.02) with its Q3 2026 earnings release. Revenue rose to $1.563B from $1.214B a year ago, and net income attributable to Antero jumped to $367M from $76M. Adjusted Net Income was $256M, Adjusted EBITDAX $634M (up 99%), and Adjusted Free Cash Flow $215M (up 137%).
- Net production hit a company record of 4.2 Bcfe/d, up 23% year over year.
- Net income was $367M and Adjusted Net Income $256M (Non-GAAP).
- Adjusted EBITDAX rose 99% to $634M; Adjusted Free Cash Flow rose 137% to $215M.
- Cash operating costs fell to $2.05/Mcfe, below guidance and down 16% YoY.
- Repurchased 1.6M shares for ~$56M; ~$821M buyback capacity remains.
Markets closed — no regular-session reaction yet; extended-hours move not captured here.
Antero delivered record production and near-doubled EBITDAX while cutting costs 16%, signaling strong margin momentum despite weak natural gas prices.
Strong volume growth and cost reduction despite a 4% decline in NYMEX natural gas prices underscores Antero's margin-enhancement execution versus Appalachian gas peers.
Q4 guidance flags 15-20 Bcfe of curtailments from low regional pricing and a $(0.15)-$(0.25)/Mcf natural gas discount to NYMEX, pressuring near-term realized prices.