Quarterly ResultApr 29, 2026, 04:44 PM
AR Completes $2.8B HG Acquisition; Q1 Net Income $535.2M
AI Summary
Antero Resources Corporation completed the HG Acquisition for $2.8 billion on February 3, 2026, and the Utica Shale Divestment for $800 million on February 23, 2026, recognizing a $46 million gain. For Q1 2026, net income attributable to AR significantly increased to $535.2 million ($1.72 diluted EPS) from $208.0 million ($0.66 diluted EPS) in Q1 2025. Total revenue also rose to $1.95 billion in Q1 2026 from $1.35 billion in the prior year period.
Key Highlights
- AR completed the HG Acquisition for $2.8 billion cash on February 3, 2026.
- AR completed the Utica Shale Divestment for $800 million on February 23, 2026.
- Q1 2026 Net Income attributable to AR was $535.2 million, up 157% from Q1 2025.
- Q1 2026 Diluted EPS was $1.72, up 161% from $0.66 in Q1 2025.
- Q1 2026 Total Revenue increased 44% to $1.95 billion from $1.35 billion in Q1 2025.
- Q1 2026 Natural gas sales rose 68% to $1.31 billion from $780.0 million in Q1 2025.
- Long-term debt increased to $2.66 billion as of March 31, 2026, from $1.40 billion at Dec 31, 2025.
- Recognized a $46 million gain on sale of assets from the Utica Shale Divestment.