Antero Resources reported second-quarter 2026 results reflecting a company-record production run and stronger profitability following the HG Energy acquisition. Net income attributable to Antero Resources was $278.7 million for the quarter, with Adjusted EBITDAX of $595.4 million and adjusted free cash flow before working capital changes of $219.8 million. The company also raised full-year 2026 production guidance to 4.15–4.20 Bcfe/d and completed strategic acreage acquisitions in July.
Financial Highlights
- Total revenue for the three months ended June 30, 2026: $1,559,842 (thousand).
- Operating income for the quarter: $375,459 (thousand).
- Net income attributable to Antero Resources for the quarter: $278,657 (thousand).
- Adjusted EBITDAX (non-GAAP) for the quarter: $595,437 (thousand).
- Adjusted Free Cash Flow before changes in working capital (non-GAAP) for the quarter: $219,759 (thousand).
Business Highlights
- Company-record net production averaged over 4.1 Bcfe/d in Q2 2026, a 21% increase year-over-year, including 216 MBbl/d of liquids.
- Antero completed the acquisition of HG Energy prior to the quarter, which materially increased production and contributed to lower per-unit costs.
- In July 2026 the company closed approximately $315 million of property acquisitions in its Marcellus footprint, adding ~125 MMcfe/d of net production and ~3,500 net undeveloped acres supporting 15 net drilling locations.
- Operational achievements in Q2 included placing 26 Marcellus wells to sales (average lateral ~13,323 ft) and drilling the company's longest lateral (>24,000 ft) on recently acquired HG Energy acreage.
- Martica overriding royalty interests reverted to Antero on June 30, 2026, expected to increase annualized future cash flow by $60 million and boost margins by ~$0.04 per Mcfe starting Q3 2026.
Original SEC Filing:
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