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Antero Resources Posts Higher Q1 Output, Maintains 2026 Guidance

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-- Antero Resources (AR) reported Q1 earnings on Wednesday, showing net daily natural gas-equivalent production averaged 3.9 billion cubic feet equivalent per day from 3.4 Bcfe/d for the same period a year ago.

The energy firm's average realized natural gas price before hedges was $5.57 per thousand cubic feet, up from $4.01 Mcf a year earlier. Realized C3+ natural gas liquids prices averaged $37.83 per barrel, down from $45.65/bbl for the corresponding period a year ago.

Antero averaged 13.8 completion stages per day, up from 13.4 in 2025, and set a new drilling record of just under nine days per well, a 9% improvement over the year. Lateral lengths averaged 11,652 feet across 20 Marcellus wells turned to sales during the quarter.

The company said 13 wells that had been online for about 60 days delivered an average initial production rate of 25 million cubic feet equivalent per day per well, including 1,457 barrels per day of liquids, assuming 25% ethane recovery.

Antero expects Q2 production to average 4.1 Bcfe/d, supported by a full-quarter contribution from its HG acquisition. Production H2 2026 is expected to average about 4.2 Bcfe/d, bringing full-year output to around 4.1 Bcfe/d, unchanged from prior guidance.

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