Antero Resources Corp. (AR) stock fell during after-market. Here’s to know why?


Antero Resources Corp. (NASDAQ: AR) stock plunged by 0.58% at last close while the AR stock price declines by 6.59% in the after-hours trading session. Antero Resources Corporation deals with hydrocarbon exploration. It is incorporated in the state of Delaware and with its headquarters in Denver, Colorado. Hydraulic fracturing is used to extract the company’s reserves, which are completely in the Appalachian Basin.

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Current Update on AR stock

Financial Highlights

Antero Resources Corporation released its financial and operational results for the second quarter of 2021 today. The highlights are as follows:

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The average total production was 3,324 MMcfe/d, with 173,000 Bbl/d of liquids.

A $757 million unrealized hedging loss was included in $523 million net loss however the adjusted total income was $42 million (Non-GAAP).

Adjusted EBITDAX was $319 million (non-GAAP), with $309 million in net cash generated by operating operations.

Antero Resources has managed to generate the free cash flow of $105 million (Non-GAAP).

Net debt was $2.4 billion at quarter end which is a decrease of $158 million from March 31, 2021 and $591 million from year end 2020. (Non-GAAP).

Total debt to Adjusted EBITDAX for the previous twelve months fell to 1.7x.

As of June 30, 2021, the credit facility was not used and liquidity was $1.9 billion.

Natural gas realization forecast for the whole year 2021 was increased by $0.05 per Mcf, resulting in a premium to NYMEX of $0.15 to $0.25 per Mcf.

Net marketing expenditure forecast for the full year 2021 has been lowered by 22% to a level of $0.06 to $0.08 per Mcfe.

Project Canary has declared a pilot to certify the firm’s responsibly sourced gas (RSG).

For the quarter and on a pad, established company records of 9.8 and 10.8 completion stages per day, respectively.

With a lateral length of 18,858 feet, the Company drilled the Marcellus’ largest lateral to date.

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Paul Rady, Chairman, President, and CEO of Antero Resources (AR) stock stated,

They are determined to retaining their position as ESG’s leader. Their pilot with Project Canary is anticipated to certify a part of the Company’s assets based on the level of the engineering design they use and the operating standards they use, while highlighting Antero’s natural gas production’s high environmental standards. Natural gas will be crucial in providing a low-carbon, reasonably priced fuel to an increasing world economy as part of the energy transformation.


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