Antero Resources' second quarter production grew 21% to a company record, prompting a raise in full-year 2026 guidance.

Antero Resources reported second quarter 2026 revenue of $1.56 billion and adjusted EPS of $0.76, beating revenue estimates of $1.53 billion but missing on earnings of $0.84. The company achieved record net production, benefiting from its recent HG Energy acquisition, and raised its full-year 2026 guidance.

Key Highlights

• Net production reached a company record of 4.144 Bcfe/d, a 21% increase from the prior-year period, driven by the integration of acquired assets.
• Adjusted EBITDAX grew 57% year-over-year to $595 million, reflecting higher volumes and a 11% decrease in cash production costs to $2.22 per Mcfe, which offset weaker natural gas prices.
• Full-year 2026 production guidance was raised to a range of 4.15 to 4.2 Bcfe/d, and the company repurchased 1.1 million shares for $38 million during the quarter.