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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
December 7, 2016 Antero Resources Announces Pricing of Upsized $600 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 $600 million in aggregate principal amount of 5.0% senior unsecured notes due March 2025 at par. The offering is expected to close on December 21, 2016 , subject to customary closing conditions. Antero estimates that it will receive net proceeds of approximately $593 million, after deducting the initial purchasers' discounts and estimated expenses, of which it intends to finance the redemption of its $525 million of outstanding 6.0% Senior Notes due 2020 and use the remaining net proceeds for general corporate purposes. 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...
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December 7, 2016 Antero Resources Announces Launch of $550 Million Offering of Senior Notes
Antero Resources Corporation (NYSE: AR) ("Antero" or the "Company") announced today that, subject to market conditions, it intends to offer $550 million in aggregate principal amount of senior unsecured notes due 2025 in a private placement to eligible purchasers. Antero intends to use a portion of the net proceeds of the offering to finance the redemption of its $525 million of outstanding 6.0% Senior Notes due 2020 and intends to use the remaining net proceeds for general corporate purposes. 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...
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October 26, 2016 Antero Resources Reports Third Quarter 2016 Financial and Operational Results
Antero Resources Corporation (NYSE: AR) ("Antero" or the "Company") today released its third quarter 2016 financial and operational results. The relevant condensed consolidated financial statements are included in Antero's Quarterly Report on Form 10-Q for the quarter ended September 30, 2016 , which has been filed with the Securities and Exchange Commission . Third Quarter Highlights Include: Average net daily gas equivalent production was a record 1,875 MMcfe/d (26% liquids), a 25% increase over the prior year quarter and a 6% increase sequentially Includes a record 81,460 Bbl/d of liquids production, a 56% increase over the prior year quarter and a 9% increase sequentially Realized $0.05 per Mcf premium to Nymex natural gas price, or $2.86 per Mcf, before hedging Realized C3+ NGL price of $17.56 per barrel, 39% of Nymex WTI price before hedging Realized natural gas equivalent price of $3.96 per Mcfe including NGLs, oil and hedges, a 3% increase over the prior year quarter Net...
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October 12, 2016 Antero Resources Announces Third Quarter 2016 Earnings Release Date and Conference Call
Antero Resources (NYSE: AR) ("Antero" or the "Company") announced today that the Company plans to issue its third quarter 2016 earnings release on Wednesday, October 26, 2016 after the close of trading on the New York Stock Exchange . A conference call is scheduled on Thursday, October 27, 2016 at 9:00 am MT to discuss the results.  A brief Q&A session for security analysts will immediately follow the discussion of the results for the quarter.  To participate in the call, dial in at 888-347-8204 (U.S.), 855-669-9657 (Canada), or 412-902-4229 (International) and reference "Antero Resources".  A telephone replay of the call will be available until Friday, November 4, 2016 at 9:00 am MT at 877-870-5176 (U.S.) or 858-384-5517 (International) using the passcode 10091479. To access the live webcast and view the related earnings conference call presentation, visit Antero's website at www.anteroresources.com .  The webcast will be archived for replay on the Company's website until Friday,...
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September 6, 2016 Antero Resources Increases 2016 Production Guidance
(NYSE: AR) ("Antero" or the "Company") today announced updates to its 2016 production guidance and 2017 production growth target. Highlights Include: Increased 2016 net production guidance to 1.8 Bcfe/d and maintained 2017 annual production growth target of 20% to 25% over 2016 guidance Maintained 2016 drilling and completion capital budget at $1.3 billion while targeting a similar drilling and completion capital budget for 2017 Reduced 2016 cash production expense guidance to $1.40 to $1.50 per Mcfe Updated 2016 Guidance Driven by the successful execution of Antero's development program to date, along with encouraging results from the implementation of advanced completion techniques, the Company is raising 2016 net production guidance from 1.75 Bcfe/d to 1.8 Bcfe/d. This represents a 3% increase from the previously announced guidance and a 5% increase from initial 2016 guidance. Additionally, the Company is maintaining its original drilling and completion capex budget of $1.3...
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August 2, 2016 Antero Resources Reports Second Quarter 2016 Financial Results
Antero Resources Corporation (NYSE: AR) ("Antero" or the "Company") today released its second quarter 2016 financial results. The relevant condensed consolidated financial statements are included in Antero's Quarterly Report on Form 10-Q for the quarter ended June 30, 2016 , which has been filed with the Securities and Exchange Commission . Highlights Include: GAAP net loss of $596 million, or $(2.12) per share, compared to a GAAP net loss of $145 million, or $(0.52) per share in the prior year quarter due to non-cash losses on unsettled hedges of $977 million and $198 million, respectively, driven by increasing commodity prices during each quarter Adjusted net income of $41 million, or $0.14 per share, representing a 136% increase compared to the prior year quarter Adjusted EBITDAX of $332 million, a 24% increase compared to the prior year quarter Net daily production averaged a record 1,762 MMcfe/d, a 19% increase over the prior year quarter and flat sequentially Included record net...
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July 14, 2016 Antero Resources Announces Second Quarter 2016 Operations Update
Antero Resources (NYSE: AR) ("Antero" or the "Company") today provided its second quarter 2016 operations update. Highlights Include: Average net daily gas equivalent production was 1,762 MMcfe/d (26% liquids), a 19% increase over the prior year quarter and flat sequentially Average net daily liquids production was a record 75,041 Bbl/d, a 63% increase over the prior year quarter and a 10% increase sequentially Realized natural gas price before hedging averaged $1.93 per Mcf, a $0.02 differential to Nymex Realized natural gas price after hedging averaged $4.31 per Mcf, a $2.36 premium to Nymex Realized C3+ NGL price before hedging averaged $17.08 per barrel, 38% of WTI Realized natural gas equivalent price including NGLs, oil and hedges averaged $3.95 per Mcfe Current drilling and completion costs have declined to $0.9 million per 1,000 feet of lateral in the Marcellus and $1.04 million per 1,000 feet of lateral in the Utica, both for a 9,000 foot lateral, each representing a 24%...
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June 9, 2016 Antero Resources Announces Conference Call for Recently Announced Acquisition
Antero Resources Corporation (NYSE: AR) (" Antero Resources " or the "Company") recently announced the signing of a definitive agreement with a third party to acquire approximately 55,000 net acres in the core of the Marcellus Shale for $450 million .  Antero will hold a conference call on June 10, 2016 at 7:00 a.m. MT to discuss the acquisition. Conference Call A conference call is scheduled on Friday, June 10, 2016 at 7:00 am MT to discuss the acquisition.  A brief Q&A session for security analysts will immediately follow.  To participate in the call, dial in at 888-347-8204 (U.S.), 855-669-9657 ( Canada ), or 412-902-4229 (International) and reference " Antero Resources ".  A telephone replay of the call will be available until Thursday, June 16, 2016 at 7:00 am MT at 877-870-5176 (U.S.) or 858-384-5517 (International) using the passcode 10087781. A simultaneous webcast of the call may be accessed over the internet at www.anteroresources.com. The webcast will be archived for...
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June 9, 2016 Antero Resources Announces Pricing of Common Stock Offering
Antero Resources Corporation (NYSE: AR) (" Antero Resources " or the "Company") announced today the pricing of an underwritten public offering of 26,750,000 common shares (the "Offering") for aggregate gross proceeds of approximately $762 million before estimated offering expenses.  In connection with the Offering, Antero Resources has also granted the underwriters a 30-day option to purchase up to an additional 4,012,500 common shares.  The underwriters intend 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 proceeds from the Offering, including the proceeds from any exercise of the underwriters' option to purchase additional shares of common stock, to fund the recently announced acquisition of...
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June 9, 2016 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 26,750,000 shares of the Company's common stock (the "Offering").  In addition, the Company anticipates granting the underwriters a 30-day option to purchase up to an additional 4,012,500 shares of common stock. The underwriters intend 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 underwriters' option to purchase additional shares of common stock, to fund the recently announced acquisition of properties from a third party (the "Acquisition") and for general corporate purposes...
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June 9, 2016 Antero Resources to Acquire 55,000 Net Acres in the Core of the Marcellus Shale
Antero Resources Corporation (NYSE: AR) ("Antero" or the "Company") today announced that it has signed a definitive agreement with a third party to acquire approximately 55,000 net acres in the core of the Marcellus Shale for $450 million .  Approximately 75% of the 55,000 net acres contains dry Utica rights. The acquisition includes undeveloped properties located primarily in Wetzel , Tyler and Doddridge Counties in West Virginia and approximately 14 MMcfe/d of net production.  The transaction is expected to close in the third quarter of 2016, subject to customary closing conditions, with an effective date of January 1, 2016 . Transaction Highlights: Includes 33,000 net acres of core Marcellus leasehold in Wetzel County, WV, establishing a new platform for development and consolidation with stacked pay potential for the dry Utica Adds 12,000 infill net acres of core Marcellus leasehold in Tyler County, WV, where Antero already holds significant acreage Enhances dry gas optionality...
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April 27, 2016 Antero Resources Reports First Quarter 2016 Financial Results and Increases Production Guidance
Antero Resources Corporation (NYSE: AR) ("Antero" or the "Company") today released its first quarter 2016 financial results and announced increased 2016 production guidance. The relevant consolidated financial statements are included in Antero's Quarterly Report on Form 10-Q for the quarter ended March 31, 2016 , which has been filed with the Securities and Exchange Commission . Highlights for the First Quarter of 2016: Adjusted EBITDAX of $355 million, in line with the prior year quarter and a 15% increase sequentially Adjusted net income of $47 million, or $0.17 per share, a 33% decrease compared to the prior year quarter Realized natural gas price before hedging averaged $2.08 per Mcf, a $0.01 negative differential to Nymex, with 99% of production priced at favorable markets Realized natural gas price after hedging averaged $4.54 per Mcf, a $2.45 premium to Nymex Realized C3+ NGL price before hedging averaged $14.07 per barrel, or 42% of Nymex WTI Realized natural gas equivalent...
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April 14, 2016 Antero Resources Announces First Quarter 2016 Operations Update
Antero Resources (NYSE: AR) ("Antero" or the "Company") today provided its first quarter 2016 operations update. Highlights Include: Average net daily gas equivalent production was a record 1,758 MMcfe/d (23% liquids), an 18% increase over the prior year quarter and a 17% increase sequentially Average net daily liquids production was a record 68,516 Bbl/d, a 71% increase over the prior year quarter and a 25% increase sequentially Realized natural gas price before hedging averaged $2.08 per Mcf, a $0.01 differential to Nymex Realized natural gas price after hedging averaged $4.54 per Mcf, a $2.45 premium to Nymex Realized C3+ NGL price before hedging averaged $14.07 per barrel, 42% of WTI Realized natural gas equivalent price including NGLs, oil and hedges averaged $4.14 per Mcfe Antero sold approximately 99% of its gas to favorably priced markets during the quarter, up from 83% in the fourth quarter of 2015 Current drilling and completion costs have declined to $0.95 million per 1,000...
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April 1, 2016 Antero Resources and Antero Midstream Announce Resignation of Christopher R. Manning from the Board of Directors
Antero Resources (NYSE: AR) and Antero Midstream (NYSE:AM) (collectively, "Antero") today announced that Christopher R. Manning has resigned from the board of directors of Antero Resources and the board of directors of the general partner of Antero Midstream.  Neither Antero Resources nor Antero Midstream has plans to fill the vacated board seats in the near term. Paul M. Rady, Chairman and CEO of Antero Resources and Antero Midstream commented, "I would like to thank Chris for his contribution to Antero's success over the last 11 years.  When Chris first joined Antero's board in 2005, we were a small, privately held producer that had just completed the sale of our Barnett Shale assets to XTO Energy.  As we transformed Antero into a leading Appalachian upstream company and one of the top natural gas producers in the U.S., as well as one of the highest growth midstream MLPs, Chris has provided valuable insight and expertise every step of the way.  We are grateful for his contributions...
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March 24, 2016 Antero Resources Announces Pricing of Secondary Offering of Antero Midstream Partners LP Common Units
Antero Resources Corporation (NYSE: AR) (" Antero Resources " or the "Company") announced today the pricing of an underwritten public offering of 8,000,000 common units (the "Offering") representing limited partner interests in Antero Midstream Partners LP (NYSE: AM) (the "Partnership") held by Antero Resources at a price of $22.40 per common unit for aggregate gross proceeds of approximately $179 million before estimated offering expenses. In connection with the Offering, Antero Resources granted the underwriter a 30-day option to purchase up to an additional 1,200,000 common units.  After giving effect to the Offering, and assuming no exercise of the underwriter's option to purchase additional common units, Antero Resources will own approximately 62% of the Partnership's outstanding common and subordinated units. The common units are being sold in the Offering pursuant to an effective registration statement on Form S-3 previously filed with the Securities and Exchange Commission...
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March 23, 2016 Antero Resources Announces Secondary Offering of Antero Midstream Partners LP Common Units
DENVER, Colorado, March 23, 2016—Antero Resources Corporation (NYSE: AR) (“Antero Resources,” the “Company” or the “Selling Unitholder”) announced today the commencement of an underwritten public offering of 8,000,000 common units (the “Offering”) representing limited partner interests in Antero Midstream Partners LP (NYSE: AM) held by Antero Resources. In addition, the Selling Unitholder anticipates granting the underwriter a 30-day option to purchase up to an additional 1,200,000 common units. The underwriter intends to offer the units 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. Antero Resources intends to use the proceeds from the Offering to repay borrowings under its credit facility and to fund a portion of its 2016 development program. Antero...
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February 24, 2016 Antero Resources Reports Fourth Quarter and Full-Year 2015 Financial and Operating Results
(NYSE: AR) ("Antero" or the "Company") today released its fourth quarter and full-year 2015 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, 2015 , which has been filed with the Securities and Exchange Commission (" SEC "). Highlights for the Fourth Quarter of 2015: Net daily production averaged 1,497 MMcfe/d, an 18% increase over the prior year quarter and a 1% decrease sequentially Includes net daily liquids production of 54,757 Bbl/d, an 80% increase over the prior year quarter and a 5% increase sequentially Realized natural gas price before hedging averaged $2.13 per Mcf, a $0.14 per Mcf negative differential to Nymex, with 83% of production pricing at favorable indices Realized natural gas price after hedging averaged $4.40 per Mcf, a $2.13 per Mcf positive differential to Nymex Realized natural gas equivalent price including NGLs, oil and hedges averaged $4.28 per Mcfe, a 9%...
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February 17, 2016 Antero Resources Announces 2016 Capital Budget and Guidance
Antero Resources Corporation (NYSE: AR) ("Antero" or the "Company") today announced its 2016 capital budget and guidance. 2016 Capital Budget and Guidance Highlights: Initial capital budget of $1.4 billion, a 23% reduction from the prior year capital spend of $1.8 billion Includes drilling and completion budget of $1.3 billion and land budget of $100 million, a 21% and 38% reduction, respectively, from the prior year capital spend Plan to operate an average of 7 drilling rigs between the Marcellus and Utica Shale plays, a 50% reduction from an average of 14 drilling rigs operated in 2015 Plan to complete 110 horizontal wells in 2016 and exit the year with 70 drilled but uncompleted wells Net production is projected to grow 15% over prior year actual net daily production and 21% over 2015 guidance to 1.715 Bcfe/d Net daily liquids production is projected to grow 24% over the prior year to 60,000 Bbl/d 100% of 2016 net natural gas and propane production guidance is hedged at an average...
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January 27, 2016 Antero Resources Announces 4% Increase in Proved Reserves to 13.2 Tcfe
Antero Resources (NYSE: AR) ("Antero" or the "Company") today announced reserves as of December 31 , 2015. Announcement Highlights: Proved reserves increased by 4% to 13.2 Tcfe at year-end 2015 Proved developed reserves increased by 54% to 5.8 Tcfe at year-end 2015 Replaced 425% of net production in 2015 All-in finding and development cost for proved reserve additions from all sources was $0.80 per Mcfe for 2015 All-in 3-year finding and development cost for proved reserve additions from all sources through 2015 was $0.57 per Mcfe Proved undeveloped reserves at year-end 2015 have estimated future development cost of $0.69 per Mcfe Pre-tax PV-10 of 3P reserves at year-end 2015 was $6.8 billion at SEC pricing including hedges Pre-tax PV-10 of 3P reserves at year-end 2015 was $13.7 billion at 12/31/2015 strip pricing including hedges Antero's proved reserves at December 31, 2015 were 13.2 Tcfe, a 4% increase compared to proved reserves at December 31 , 2014.  Proved, probable and...
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January 13, 2016 Antero Resources Announces Fourth Quarter 2015 Operations Update
Antero Resources (NYSE: AR) ("Antero" or the "Company") today announced its fourth quarter 2015 operations update. Fourth Quarter 2015 Highlights include: Average net daily gas equivalent production was 1,497 MMcfe/d, an 18% increase over the prior year quarter and a 1% decrease sequentially Average net daily liquids production (C3+ NGLs, ethane and oil) was 54,757 Bbl/d, an 80% increase over the prior year quarter and a 5% increase sequentially Realized natural gas price after settled commodity derivatives averaged $4.40 per Mcf, a $2.13 positive differential to Nymex Realized C3+ NGL price after settled commodity derivatives averaged $21.65 per barrel (52% of WTI) Realized natural gas equivalent price including NGLs, oil and settled derivatives averaged $4.28 per Mcfe Completion of the third-party Stonewall gathering pipeline in December 2015 resulted in Antero selling virtually all of its gas to favorably priced markets during the month and a negative differential to Nymex of only...
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