Antero Resources Corp Up 2.7% To $28.89 After Earnings Beat

Thursday, October 26, 2023 - Antero Resources Corp (AR) reported upside earnings and revenues today.

Antero Resources Corp's earnings came in at an EPS of $0.08 per share, 167.00% higher than estimates for an EPS of $0.03 per share. The firm's earnings are down 95% since reporting $1.63 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Revenues were upbeat at $1.1 billion. That represents a 45.47% decrease in revenues from the year-ago report and is 5.23% higher than consensus estimates set at $1.1 billion.

The stock is up 2.7% to $28.89 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

InvestorsObserver gives the stock a Neutral Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 44. Meanwhile, the average Wall Street analyst rated the stock a Buy.

Antero Resources, based in Denver, engages in the exploration for and production of natural gas and natural gas liquids in the United States and Canada. At the end of 2021, the company reported proven reserves of 17.7 trillion cubic feet of natural gas equivalent. Production averaged approximately 3,268 million cubic feet of equivalent a day in 2021 at a ratio of 31% liquids and 69% natural gas.