ANTERO RESOURCES Corp (AR) Form 8-K — Oct 28, 2026
Antero Resources posted record Q3 2026 results: net production hit a company record of 4.2 Bcfe/d (up 23% YoY), net income surged 382% to $367 million, and Adjusted EBITDAX rose 99% to $634 million. The margin story was the standout: cash operating costs fell 16% to $2.05 per Mcfe, beating the low end of guidance and driving a 27% improvement in unhedged EBITDAX margin despite NYMEX gas prices declining 4%. Antero expects $140 million of its $300 million margin enhancement target by mid-2027.
Key figures
- Eps
- 1.19
- Revenue
- 1562837000
- Guidance
- Q4 2026 production ~4.3 Bcfe/d with 15-20 Bcfe curtailments; cash production expense $2.10-$2.20/Mcfe; D&C capex $325-350M for Q4 and $1.2B for 2026; targeting high single digit production growth in 2027
- Net Income
- 367140000
- Total Debt
- 2781812000
- Revenue Yoy
- 29%
- Shares Outstanding
- 307125000
- Leverage
- ~1.0x
- Net production
- 4.2 Bcfe/d (company record), +23% YoY
- Longest lateral
- ~25,000 feet
- Adjusted ebitdax
- 633878000
- Adjusted net income
- 255949000
- Operating cash flow
- 575201000
- Adjusted ebitdax yoy
- 99%
- Share repurchases q3
- 1.6 million shares for ~$56 million at avg $34.15/share
- Adjusted free cash flow
- 215306000
- Q3 curtailed production
- 10 Bcfe
- Margin enhancement target
- $300 million target; $140 million expected by mid-2027
- West virginia acquisition
- ~$315 million with ~125 MMcfe/d net production
- Buyback capacity remaining
- 821000000
- Adjusted free cash flow yoy
- 137%
- Cash production expense per mcfe
- 2.05
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