Antero Resources Posts $367.1M Third-Quarter Net Income
AR sits 45% above its 52-week low of $29.1.
Summary
Antero Resources reported third-quarter net income of $367.1 million, up from $279 million in the second quarter, with EPS of $1.19 and revenue of $1.56 billion. The sequential jump of roughly 32% points to stronger realized prices or volumes in the quarter. At a market cap near $13 billion, a quarterly profit of this size is meaningful but not thesis-changing on its own. The cash flow and unit-cost detail that the headline lacked is now in: third-quarter free cash flow of $215 million and cash costs cut to $2.05/Mcfe, while the adjusted profit missed estimates despite record output.
At the time of this announcement, AR was trading at $42.11 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $12.9B. The 52-week trading range was $29.10 to $45.75. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.