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AR NYSE
Price $21.02 Change -0.19
Volume 1,896,647
52 Week High 30.50
52 Week Low 20.17
05/26/2017 04:00 PM ET Pricing delayed 20 minutes
October 28, 2015 Antero Resources Reports Third Quarter 2015 Financial Results
(NYSE: AR) ("Antero" or the "Company") today released its third quarter 2015 financial results.  The relevant financial statements are included in Antero's Quarterly Report on Form 10-Q for the quarter ended September 30, 2015 , which has been filed with the Securities and Exchange Commission (" SEC "). Highlights for the Third Quarter of 2015: Net income of $534 million, or $1.93 per share, a 162% increase compared to the prior year quarter Adjusted net income of $14 million, or $0.05 per share, an 80% decrease compared to the prior year quarter Adjusted EBITDAX of $291 million, flat compared to the prior year quarter On a per unit basis, cash production expense declined 18%, or $0.28 per Mcfe, and G&A expense declined 10%, or $0.03 per Mcfe, compared to the prior year quarter Net daily gas equivalent production averaged 1,506 MMcfe/d, a 39% increase compared to the prior year quarter and a 1% increase compared to the prior quarter Net daily liquids production, included in the...
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October 13, 2015 Antero Resources Announces Third Quarter 2015 Operations Update
Antero Resources (NYSE: AR) ("Antero" or the "Company") today announced its third quarter 2015 operations update. Highlights include: Average net daily gas equivalent production was 1,506 MMcfe/d, a 39% increase over the prior year quarter and a 1% increase sequentially Average net daily liquids production (C3+ NGLs and oil) was 52,250 Bbl/d, a 109% increase over the prior year quarter and a 14% increase sequentially Realized natural gas price after settled commodity derivatives averaged $3.99 per Mcf, a $1.22 positive differential to Nymex Realized C3+ NGL price after settled commodity derivatives averaged $16.47 per barrel (35% of WTI) during the quarter Realized natural gas equivalent price including NGLs, oil and settled derivatives averaged $3.83 per Mcfe Regional pipeline project on schedule for completion in the fourth quarter of 2015 accessing more favorable pricing markets Executed 70,000 MMBtu/d LNG supply agreement with Chubu Electric Power Company Increased hedge position...
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September 24, 2015 Antero Announces Closing of Water Business Drop Down Transaction and Private Placement of Common Units
Antero Midstream Partners LP (NYSE: AM) (" Antero Midstream " or the "Partnership") and Antero Resources Corporation (NYSE: AR) (" Antero Resources " or the "Company") jointly announced today the closing of the previously announced $1.05 billion water business drop down transaction, private placement of 12,898,000 Antero Midstream common units to a group of institutional investors, and net issuance of 10,988,421 Antero Midstream common units to Antero Resources . Transaction Summary In connection with the $1.05 billion transaction, the Partnership paid Antero Resources $552 million in cash and issued 23,886,421 common units representing limited partner interests in the Partnership to Antero Resources.  Additionally, gross proceeds of $243 million from the Partnership's private issuance of 12,898,000 common units have been paid to Antero Resources while the 23,886,421 of common units issued to Antero Resources has been reduced by the 12,898,000 common units issued in the private...
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September 18, 2015 Antero Resources Announces Drop Down of Water Business to Antero Midstream
Antero Resources Corporation (NYSE: AR) (" Antero Resources " or the "Company") announced today that it has entered into a definitive agreement for Antero Midstream Partners LP (NYSE: AM) (" Antero Midstream " or the "Partnership") to acquire Antero Resources' integrated water business for an aggregate $1.05 billion in a combination of cash, assumed debt and Antero Midstream common units. In addition, Antero Resources is entitled to receive two potential $125 million earn-out payments at year-end 2019 and 2020 if certain fresh water volumetric delivery targets are met. The acquisition includes Antero Resources' fresh water delivery business, together with an exclusive right to provide fresh water for Antero Resources' well completion operations in West Virginia and Ohio , the to-be-constructed advanced wastewater treatment complex, and the exclusive right to provide fluid handling and disposal services for Antero Resources . The acquisition is expected to close on September 23, 2015 ,...
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August 19, 2015 Antero Announces 60,000 Barrel per Day Advanced Wastewater Treatment Complex
(NYSE: AR) ("Antero" or the "Company") announced today that it has signed an agreement with Veolia Water Technologies Inc. and Veolia North America (" Veolia ") to design and build a state-of-the-art advanced wastewater treatment complex in Doddridge County, West Virginia . This complex includes an initially designed 60,000 barrel per day facility that will allow Antero to treat and reuse flowback and produced water rather than permanently dispose of the water in injection wells. Antero will own the treatment assets including any ancillary facilities. The complex will be centrally located in Antero's footprint in the southwestern core of the Marcellus Shale play with the ability to serve the Company's development in both the Marcellus and Utica Shale plays. Announcement Highlights: Veolia will design, build, operate and maintain a 60,000 barrel per day advanced wastewater treatment facility under a turnkey contract for Antero in Doddridge County, West Virginia Antero will own the $275...
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July 29, 2015 Antero Resources Reports Second Quarter 2015 Financial Results
(NYSE: AR) ("Antero" or the "Company") today released its second quarter 2015 financial results. The relevant financial statements are included in Antero's Quarterly Report on Form 10-Q for the quarter ended June 30, 2015 , which has been filed with the Securities and Exchange Commission (" SEC "). Highlights for the Second Quarter of 2015: Net daily gas equivalent production averaged 1,484 MMcfe/d, a 67% increase compared to the prior year quarter and flat compared to the prior quarter Net daily liquids production, included in the above, averaged 45,906 Bbl/d, a 127% increase compared to the prior year quarter and a 15% increase sequentially Realized natural gas equivalent price including NGLs, oil and hedges averaged $3.85 per Mcfe On a per unit basis, cash production expense declined 9%, or $0.15 per Mcfe, and G&A expense declined 28%, or $0.09 per Mcfe, compared to the prior year quarter Adjusted net income of $17 million ($0.06 per share), a 77% decrease compared to the prior...
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July 15, 2015 Antero Resources Announces Second Quarter 2015 Operations Update
(NYSE: AR) ("Antero" or the "Company") today announced its second quarter 2015 operations update. Highlights include: Average net daily gas equivalent production was 1,484 MMcfe/d, a 67% increase over the prior year quarter and flat quarter over quarter Average net daily liquids production (C3+) was 45,900 Bbl/d, a 127% increase over the prior year quarter and a 15% increase sequentially Realized natural gas price after hedging averaged $3.86 per Mcf, a $1.22 positive differential to Nymex Realized C3+ NGL price after hedging averaged $19.51 per barrel (34% of WTI) Realized natural gas equivalent price including NGLs, oil and hedges averaged $3.85 per Mcfe Planning to spud Antero's first Utica Shale well in West Virginia in the third quarter of 2015 Completed bolt-on acquisition of approximately 4,400 net acres with both Marcellus Shale and Utica Shale potential Preliminary net production growth target of 25% to 30% in 2016 Operating Update All operational figures are as of the date...
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April 29, 2015 Antero Resources Reports First Quarter 2015 Financial Results
(NYSE: AR) ("Antero" or the "Company") today released its first quarter 2015 financial results. The relevant financial statements are included in Antero's Quarterly Report on Form 10-Q for the quarter ended March 31, 2015 , which has been filed with the Securities and Exchange Commission (" SEC "). Highlights for the First Quarter of 2015: Net daily gas equivalent production averaged 1,485 MMcfe/d, an 89% increase compared to the prior year quarter and a 17% increase sequentially Net daily liquids production, included in the above, averaged 40,074 Bbl/d, a 145% increase compared to the prior year quarter and a 32% increase sequentially Realized natural gas price before hedging averaged $2.81 per Mcf, a $0.17 negative differential to Nymex Realized natural gas equivalent price including NGLs, oil and hedges averaged $4.42 per Mcfe Adjusted net income of $71 million ($0.27 per share), a 20% decrease compared to the prior year quarter and a 9% decrease sequentially Adjusted EBITDAX of...
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April 15, 2015 Antero Resources First Quarter 2015 Operations Update
Antero Resources (NYSE: AR) ("Antero" or the "Company") today announced first quarter 2015 operational highlights: Average net daily gas equivalent production was a record 1,485 MMcfe/d, an 89% increase over the prior year quarter and a 17% increase sequentially Average net daily liquids production was a record 40,000 Bbl/d, a 145% increase over the prior year quarter and a 32% increase sequentially  Realized natural gas price before hedging averaged $2.81 per Mcf, a $0.17 negative differential to Nymex Realized natural gas price after hedging averaged $4.37 per Mcf, a $1.39 positive differential to Nymex Realized C3+ NGL price before hedging averaged $24.31 per barrel, 50% of WTI for the period Realized natural gas equivalent price including NGLs, oil and hedges averaged $4.42 per Mcfe Operating Update All operational figures are as of the date of this release unless otherwise noted. Antero's net daily production for the first quarter of 2015 averaged 1,485 MMcfe/d, including 40,000...
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March 5, 2015 Antero Resources Announces Upsizing and Pricing of Public Offering of Common Stock
(NYSE: AR) ("Antero" or the "Company") announced today the pricing of an underwritten public offering of 13,100,000 shares of the Company's common stock (the "Offering"), resulting in gross proceeds (before underwriter's discounts and commissions and estimated offering expenses) of approximately $485 million . The offering was upsized from the previously announced offering of 11,500,000 shares of common stock. In addition, the Company has granted the underwriter a 30-day option to purchase up to an additional 1,900,000 shares of common stock. The common stock is being sold in the Offering pursuant to an effective registration statement on Form S-3 previously filed with the Securities and Exchange Commission (the "Commission"). The Offering is expected to close on March 10, 2015 , subject to customary closing conditions. The underwriter intends to offer the shares from time to time for sale in one or more transactions on the New York Stock Exchange , in the over-the-counter market,...
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March 5, 2015 Antero Resources Announces Public Offering of Common Stock
Antero Resources Corporation (NYSE: AR) ("Antero" or the "Company") announced today that it has commenced an underwritten public offering of 11,500,000 shares of the Company's common stock (the "Offering"). In addition, the Company anticipates granting the underwriter a 30-day option to purchase up to an additional 1,725,000 shares of common stock. The common stock is being sold in the Offering pursuant to an effective registration statement on Form S-3 previously filed with the Securities and Exchange Commission (the "Commission"). The underwriter intends to offer the shares from time to time for sale in one or more transactions on the New York Stock Exchange , in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. The Company expects to use the net proceeds from the Offering, including the proceeds from any exercise of the underwriter's option...
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March 3, 2015 Antero Resources Announces Pricing of Upsized $750 Million Offering of Senior Notes
Antero Resources Corporation (NYSE: AR) ("Antero" or the "Company") announced today the pricing of its private placement to eligible purchasers of $750 million in aggregate principal amount of 5.625% senior unsecured notes due June 2023 at par. The offering is expected to close on March 17, 2015 , subject to customary closing conditions. Antero estimates that it will receive net proceeds of approximately $739 million, after deducting the initial purchasers' discounts and estimated expenses, which it intends to use to repay a portion of the outstanding borrowings under its credit facility. The securities to be offered have not been registered under the Securities Act of 1933 as amended, (the "Securities Act"), or any state securities laws; and unless so registered, the securities may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities...
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March 3, 2015 Antero Resources Announces Launch of $500 Million Offering of Senior Notes
(NYSE: AR) ("Antero" or the "Company") announced today that, subject to market conditions, it intends to offer $500 million in aggregate principal amount of senior unsecured notes due 2023 in a private placement to eligible purchasers. Antero intends to use the net proceeds of the offering to repay a portion of the outstanding borrowings under its credit facility.  The securities to be offered have not been registered under the Securities Act of 1933 as amended, (the "Securities Act"), or any state securities laws; and unless so registered, the securities may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The notes are expected to be eligible for trading by qualified institutional buyers under Rule 144A and outside the United States pursuant to Regulation S. This press release is being issued pursuant to Rule 135c under the...
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February 25, 2015 Antero Resources Reports Fourth Quarter and Year-End 2014 Financial and Operating Results
 Antero Resources Corporation (NYSE: AR) ("Antero" or the "Company") today released its fourth quarter and year-end 2014 financial and operating results.  The relevant financial statements are included in Antero's Annual Report on Form 10-K for the year ended December 31, 2014 , which has been filed with the Securities and Exchange Commission (" SEC "). Highlights for the Fourth Quarter of 2014: Average net daily production of 1,265 MMcfe/d, an 87% increase over the prior year quarter and a 17% increase sequentially Includes net daily liquids production of 30,447 Bbl/d, a 172% increase over the prior year quarter and a 22% increase sequentially Realized natural gas price before hedging averaged $3.66 per Mcf, a $0.34 negative differential to Nymex Realized natural gas equivalent price including NGLs, oil and hedges averaged $4.68 per Mcfe Adjusted net income of $78 million ($0.30 per share), a 6% increase over the prior year quarter Adjusted EBITDAX of $330 million, a...
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January 28, 2015 Antero Reports 66% Increase in Proved Reserves to 12.7 Tcfe
Proved reserves increased by 66% to 12.7 Tcfe at year-end 2014 Proved developed reserves increased by 88% to 3.8 Tcfe at year-end 2014 3P reserves increased by 16% to 40.7 Tcfe at year-end 2014 Replaced 1,465% of estimated net production in 2014 Achieved all-in finding and development costs of $0.61 per proved Mcfe during 2014 Pre-tax PV10 of proved reserves increased by 89% to $11.3 billion at year-end 2014 Antero Resources (NYSE: AR) ("Antero" or the "Company") today announced that proved reserves at December 31, 2014 were 12.7 Tcfe, a 66% increase compared to proved reserves at December 31, 2013, in each case assuming ethane rejection.  Proved, probable and possible ("3P") reserves at year-end 2014 totaled 40.7 Tcfe, which represents a 16% increase compared to the previous year, also assuming ethane rejection.  Antero's December 31, 2014 proved and 3P reserves exclude 615 and 1,535 million barrels of ethane, respectively, due to the relationship between ethane and natural gas...
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January 20, 2015 Antero Resources Announces 2015 Capital Budget and Guidance
  Antero Resources Corporation (NYSE: AR) ("Antero" or the "Company") today announced its 2015 capital budget and guidance. Capital Budget and Guidance Highlights: Initial capital budget for 2015 is $1.8 billion, a 41% reduction from the 2014 capital budget of $3.05 billion Drilling and completion budget for 2015 is $1.6 billion, a 33% reduction from the 2014 capital budget of $2.4 billion Plan to operate an average of 14 drilling rigs between the Marcellus and Utica Shale plays in 2015, down from 21 at year-end 2014 Plan to complete 130 horizontal Marcellus and Utica wells in 2015, down from 179 in 2014 Net daily production for 2015 is projected to average 1.4 Bcfe/d, an approximate 40% increase over 2014's average net daily production of 1.0 Bcfe/d Net daily liquids production for 2015 is projected to average 37,000 Bbl/d (16% of total production) Antero plans to execute a drilling program in 2015 supported by the following key attributes: - Attractive per unit development...
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January 14, 2015 Antero Resources Fourth Quarter 2014 Operations and Hedge Update
Antero Resources (NYSE: AR) ("Antero" or the "Company") announced today fourth quarter 2014 operational highlights and an update on its commodity hedge position. Fourth quarter 2014 average net daily gas equivalent production was 1,265 MMcfe/d, an 87% increase over the prior year quarter and a 17% increase sequentially Fourth quarter 2014 average net daily liquids production was 30,400 Bbl/d, a 172% increase over the prior year quarter and a 22% increase sequentially  Realized natural gas price before hedging averaged $3.66 per Mcf, a $0.34 negative differential to Nymex Realized natural gas price after hedging averaged $4.39 per Mcf, a $0.39 positive differential to Nymex Realized natural gas equivalent price including NGLs, oil and hedges averaged $4.68 per Mcfe Four-well Wagner Pad in the Marcellus Shale had a combined 59 MMcfe/d peak 30-day sales rate (14% liquids while rejecting ethane) Four-well Urban Pad in the Utica Shale, drilled on 750-foot interlateral spacing, had a...
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