Antero Resources Reports Record Production and Significant EBITDAX Growth in Q3 2026
Antero Resources (AR) delivered a robust third quarter for 2026, characterized by record net production of 4.2 billion cubic feet equivalent per day, representing a 23% year-over-year increase. Despite a 4% decline in NYMEX natural gas prices, the company achieved an adjusted EBITDAX of $634 million—a nearly twofold increase compared to Q3 2025—and saw adjusted free cash flow surge by 137% to $215 million. The company's performance was bolstered by operational efficiencies following the integration of HG Energy and optimized firm transportation. Management highlighted a significant reduction in total cash operating costs to $2.05 per Mcfe and aggressive share repurchases totaling approximately $56 million during the quarter. Looking ahead, Antero has provided Q4 2026 production guidance of 4.3 billion cubic feet equivalent per day.
Tickers: $AR
Topics: Adjusted EBITDAX Free Cash Flow Natural Gas Prices Net Production Share Repurchases
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