Record Operational Performance
The third quarter of 2025 was described as the most impressive operating performance to date for Antero Resources, with numerous company records set including a quarterly record of 14.5 completion stages per day.
Strategic Land Acquisitions
Antero has expanded its core Marcellus position in West Virginia through bolt-on transactions and organic leasing, enhancing its strategic initiatives to capitalize on increasing demand for natural gas.
Increased Free Cash Flow
Antero generated over $90 million in free cash flow during the third quarter, contributing to almost $600 million year-to-date, which has been used for debt reduction, stock repurchases, and asset acquisitions.
Positive Outlook for NGLs and Natural Gas
Market trends indicate improving NGL fundamentals, with higher prices expected due to slowing supply growth and increased export capacity. Natural gas demand is projected to increase significantly with new LNG capacity additions.
Hedging Strategy for Stability
Antero has hedged 24% of its expected natural gas volumes for 2026 with swaps at $3.82/MMBtu, securing a base level free cash flow yield of 6% to 9% at natural gas prices between $2 and $3.