Antero Resources

AR

Market cap $11.2B

Antero Resources (AR) reported earnings 30 days ago. What's next for the stock?

Antero Resources reported flat quarter-over-quarter production that was in line with expectations. It made $260 million in acquisitions that should drive 2% to 3% production growth in Q4 2025. Antero's Q3 2025 free cash flow was $70 million before working capital changes.

Williams, Antero and Comstock stand to benefit as EIA forecasts rising gas prices and cleaner-fuel demand outshines softer oil markets.

AR gains as rising gas demand offsets Q3 earnings miss, with stronger production and pricing momentum.

Energy stocks are deeply undervalued relative to the S&P 500, offering attractive risk/reward as AI and LNG trends drive future demand. Natural gas markets are entering a structurally tight phase, with surging LNG exports and data center growth set to boost prices starting next year. Select names like EQT, AR, VNOM, FANG, and PR, and Canadian producers offer high free cash flow yields, healthy balance sheets, and strong upside potential.

Antero Resources Corporation ( AR ) Q3 2025 Earnings Call October 30, 2025 11:00 AM EDT Company Participants Dan Katzenberg Michael Kennedy - CEO, President & Director David Cannelongo - Senior Vice President of Liquids Marketing & Transportation Justin B. Fowler - Senior Vice President of Gas Marketing & Transportation Brendan Krueger - CFO, Senior VP of Finance & Treasurer Conference Call Participants Arun Jayaram - JPMorgan Chase & Co, Research Division John Freeman - Raymond James & Associates, Inc., Research Division David Deckelbaum - TD Cowen, Research Division Kevin MacCurdy - Pickering Energy Partners Insights Phillip Jungwirth - BMO Capital Markets Equity Research Douglas George Blyth Leggate - Wolfe Research, LLC Wei Jiang - Barclays Bank PLC, Research Division Jacob Roberts - Tudor, Pickering, Holt & Co. Securities, LLC, Research Division Nitin Kumar - Mizuho Securities USA LLC, Research Division Leo Mariani - ROTH Capital Partners, LLC, Research Division Kaleinoheaokealaula Akamine - BofA Securities, Research Division Neil Mehta - Goldman Sachs Group, Inc., Research Division Paul Diamond - Citigroup Inc., Research Division Presentation Operator Greetings, and welcome to the Antero Resources Third Quarter 2025 Earnings Call.

Antero Resources delivered strong Q3 results thanks to robust natural gas prices. Natural gas prices averaged over $3 MCF. This may be one of the industry's better years in the last decade (give or take). Higher commodity prices directly boosted AR's earnings. Minimal incremental costs impacted the bottom line.

Although the revenue and EPS for Antero Resources (AR) give a sense of how its business performed in the quarter ended September 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Antero Resources (AR) came out with quarterly earnings of $0.15 per share, missing the Zacks Consensus Estimate of $0.22 per share. This compares to a loss of $0.12 per share a year ago.

DENVER , Oct. 29, 2025 /PRNewswire/ -- Antero Resources Corporation (NYSE: AR) ("Antero Resources," "Antero," or the "Company") today announced its third quarter 2025 financial and operating results. The relevant consolidated financial statements are included in Antero Resources' Quarterly Report on Form 10-Q for the quarter ended September 30, 2025.