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Antero Resources (AR) stands to benefit from rising natural gas demand despite typical El Nino-driven weakness. Iranian supply disruptions, data center demand growth, and expanding North American export capacity create bullish catalysts for AR this winter. AR's proximity to Greater Philadelphia export facilities near the Marcellus basin offers a critical transportation and cost advantage.

A month has gone by since the last earnings report for Antero Resources (AR - Free Report) . Shares have added about 9.1% in that time frame, outperforming the S&P 500.

But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Antero Resources due for a pullback? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent drivers for Antero Resources Corporation before we dive into how investors and analysts have reacted as of late.

AR Q2 Earnings Beat Estimates on Record Production GainsAntero Resources Corporation reported second-quarter 2026 adjusted earnings of 76 cents per share, beating the Zacks Consensus Estimate of 75 cents. Revenues of $1.6 billion beat the consensus estimate of $1.5 billion by 4.4% and increased from $1.3 billion in the year-ago quarter.

The strong quarterly performance was supported by record production, lower cash costs and benefits from the HG Energy acquisition. Net production averaged 4.1 Bcfe/d, up 21% year over year, while adjusted EBITDAX rose 57% to $595 million.

AR Production Growth Supports ResultsAntero Resources delivered record production in the second quarter, with average net output reaching 4.1 Bcfe/d, including 216 MBbl/d of liquids. The figure is in line with our estimate of 4.1 Bcfe/d.

Natural gas production averaged 2,847 MMcf/d, while C3+ NGL production averaged 121,132 Bbl/d and C2 NGL production averaged 86,769 Bbl/d.

The company placed 26 Marcellus wells to sales during the quarter with an average lateral length of 13,323 feet. The 21 wells that had been online for about 60 days averaged 25 MMcfe/d per well, including 975 Bbl/d of liquids per well assuming 25% ethane recovery.

Antero Resources Benefits From HG EnergyAR saw year-over-year revenue growth from stronger production volumes and contributions from the HG Energy assets.Total revenues increased to $1.6 billion from $1.3 billion in the prior-year quarter, helped by higher natural gas liquids sales, oil sales and commodity derivative gains.

The company’s revenues included $688.5 million from natural gas sales, $587.7 million from natural gas liquids sales and $59.6 million from oil sales. The figures are slightly below our estimates of $705.6 million from natural gas sales, $653.4 million from natural gas liquids sales and $63.1 million, respectively. Commodity derivative fair value gains increased to $160.6 million from $53.4 million a year ago.

AR Improves Cost Structure & MarginsAntero Resources reported total cash operating costs of $2.38 per Mcfe in the quarter, down $0.29 per Mcfe, or 11%, from the prior-year period. Cash production expenses were $2.22 per Mcfe compared with $2.48 per Mcfe in the second quarter of 2025. The figure is marginally above our estimate of $2.21 per Mcfe

Operating expenses rose to $1.18 billion from $1.09 billion a year ago, reflecting higher gathering, compression, processing and transportation costs, as well as increased depletion, depreciation and amortization. The figure is also above our estimate of $1.14 billion.

Operating income, however, improved to $375.5 million from $204.9 million. The metric also beat our estimate of $323.3 million.

Antero Resources Expands Development PositionAR completed strategic acquisitions in July for approximately $315 million within its West Virginia development footprint. The properties add about 125 MMcfe/d of net production, 3,500 net undeveloped acres and 15 net undeveloped locations.

The company also continued investing in its resource base during the quarter. Drilling and completion capital expenditure totaled $297 million, while land investment reached $29 million, adding approximately 5,000 net acres and 20 incremental net drilling locations.

AR Updates 2026 Outlook & Cash FlowAntero Resources raised its 2026 production guidance to 4.15-4.2 Bcfe/d, citing strong year-to-date performance and the July acquisitions. Third-quarter production is expected to average 4.25-4.3 Bcfe/d, with fourth-quarter production forecast at 4.4-4.5 Bcfe/d.

The company lowered cash production expense guidance to $2.20-$2.30 per Mcfe and adjusted its expected natural gas realized price premium to NYMEX Henry Hub to 5-15 cents per Mcf. C2 NGL realized price premium guidance was increased to $2.50-$3 per barrel.

Antero Resources Strengthens Financial FlexibilityAR generated $438.8 million in net cash from operating activities during the second quarter. The adjusted free cash flow before changes in working capital was $219.8 million compared with $156.3 million in the year-ago period.

The company also continued its capital return program, repurchasing 1.1 million shares for approximately $38 million during the quarter at an average weighted price of $34.25 per share. As of the earnings release, Antero Resources had approximately $880 million of remaining capacity under its share repurchase program.

Antero Resources’ balance sheet reflected total debt of $2.6 billion as of June 30, 2026, including $1.1 billion outstanding under its term loan and $600 million of senior notes due 2030.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in fresh estimates.

The consensus estimate has shifted 18.11% due to these changes.

VGM ScoresAt this time, Antero Resources has a nice Growth Score of B, though it is lagging a bit on the Momentum Score front with a C. Charting a somewhat similar path, the stock has a score of B on the value side, putting it in the top 40% for this investment strategy.

Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Interestingly, Antero Resources has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry PlayerAntero Resources is part of the Zacks Oil and Gas - Exploration and Production - United States industry. Over the past month, Range Resources (RRC - Free Report) , a stock from the same industry, has gained 5.3%. The company reported its results for the quarter ended June 2026 more than a month ago.

Range Resources reported revenues of $795.3 million in the last reported quarter, representing a year-over-year change of +8.5%. EPS of $0.79 for the same period compares with $0.66 a year ago.

Range Resources is expected to post earnings of $0.67 per share for the current quarter, representing a year-over-year change of +17.5%. Over the last 30 days, the Zacks Consensus Estimate has changed +5.6%.

The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Range Resources. Also, the stock has a VGM Score of B.

Posted by Defense World Staff on Aug 17th, 2026

Fielder Capital Group LLC bought a new position in Antero Resources Corporation (NYSE:AR – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 131,863 shares of the oil and natural gas company’s stock, valued at approximately $4,634,000. Antero Resources comprises about 1.0% of Fielder Capital Group LLC’s investment portfolio, making the stock its 28th biggest position.

Other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in Antero Resources by 12.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,239,070 shares of the oil and natural gas company’s stock worth $434,597,000 after buying an additional 1,153,422 shares during the period. State Street Corp raised its holdings in shares of Antero Resources by 1.2% during the third quarter. State Street Corp now owns 10,171,885 shares of the oil and natural gas company’s stock valued at $341,368,000 after acquiring an additional 116,461 shares in the last quarter. Sourcerock Group LLC lifted its stake in Antero Resources by 10.6% in the second quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company’s stock worth $328,529,000 after acquiring an additional 783,117 shares during the period. Invesco Ltd. lifted its stake in Antero Resources by 18.0% in the fourth quarter. Invesco Ltd. now owns 4,999,747 shares of the oil and natural gas company’s stock worth $172,291,000 after acquiring an additional 761,842 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in Antero Resources by 35.4% in the fourth quarter. AQR Capital Management LLC now owns 4,694,364 shares of the oil and natural gas company’s stock valued at $161,768,000 after acquiring an additional 1,226,828 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Stock Up 0.1% AR stock opened at $37.42 on Monday. The business has a 50 day moving average of $34.85 and a 200 day moving average of $36.65. The firm has a market cap of $11.50 billion, a PE ratio of 10.75 and a beta of 0.34. Antero Resources Corporation has a twelve month low of $29.10 and a twelve month high of $45.75. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.29.

Antero Resources News Roundup Here are the key news stories impacting Antero Resources this week:

Positive Sentiment: Zacks Research raised several earnings forecasts. Estimates increased for Q3 2026 EPS to $1.01 from $0.89, Q4 2026 EPS to $1.04 from $0.97, FY2026 EPS to $3.89 from $3.71, FY2027 EPS to $3.59 from $3.53, and FY2028 EPS to $4.27 from $4.07. The revisions indicate improved expectations for Antero Resources’ longer-term earnings performance. Positive Sentiment: Zacks also lifted its Q1 2027 EPS estimate to $1.06 from $0.97, Q3 2027 EPS to $0.81 from $0.77, and Q1 2028 EPS to $1.13 from $0.83. These upgrades provide additional support for the stock’s recent strength. Positive Sentiment: Siebert Williams Shank reaffirmed its Buy rating on AR, reinforcing a positive Wall Street view of the oil and natural gas producer. Siebert Williams Shank & Co Reaffirms Their Buy Rating on Antero Resources Positive Sentiment: Benchmark projected strong price appreciation for Antero Resources, adding to the bullish sentiment surrounding the shares. Benchmark Forecasts Strong Price Appreciation for Antero Resources Neutral Sentiment: Despite the upgrades, Zacks Research maintained a Hold rating. Its current full-year earnings consensus is $3.94 per share, above the revised FY2026 estimate but below the FY2028 forecast, leaving valuation and commodity-price risks as important considerations. Negative Sentiment: Zacks reduced its Q4 2027 EPS estimate to $1.01 from $1.06 and Q2 2028 EPS to $1.05 from $1.08. These cuts temper the otherwise favorable earnings-revision trend. Wall Street Analysts Forecast Growth AR has been the topic of a number of research analyst reports. Roth Capital reissued a “neutral” rating and set a $38.00 price objective on shares of Antero Resources in a research report on Thursday, April 30th. Williams Trading set a $56.00 target price on shares of Antero Resources in a research report on Monday, April 20th. Wells Fargo & Company lifted their target price on shares of Antero Resources from $52.00 to $57.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Jefferies Financial Group reiterated a “buy” rating and set a $57.00 price target on shares of Antero Resources in a research report on Friday, May 1st. Finally, Wolfe Research reissued an “outperform” rating and issued a $48.00 price target on shares of Antero Resources in a research note on Thursday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Antero Resources has a consensus rating of “Moderate Buy” and an average target price of $48.31.

Get Our Latest Report on Antero Resources

Antero Resources Company Profile (Free Report)

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.

See Also Five stocks we like better than Antero Resources The Metals Company’s Big Bet Now Comes Down to a License OneSpaWorld Keeps Turning Cruise Demand Into Record Earnings Meta and Tesla Are Rebounding From Oversold Levels—Now What? AMG’s Alternatives Boom Powers Record Growth Want to see what other hedge funds are holding AR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Antero Resources Corporation (NYSE:AR – Free Report).

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Posted by Defense World Staff on Aug 13th, 2026

Bank of America Corp DE increased its stake in Antero Resources Corporation (NYSE:AR – Free Report) by 31.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,002,942 shares of the oil and natural gas company’s stock after buying an additional 239,291 shares during the period. Bank of America Corp DE owned about 0.32% of Antero Resources worth $42,565,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its position in shares of Antero Resources by 177.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,611,248 shares of the oil and natural gas company’s stock worth $153,261,000 after purchasing an additional 2,309,388 shares during the last quarter. AQR Capital Management LLC increased its holdings in Antero Resources by 140.2% in the third quarter. AQR Capital Management LLC now owns 3,467,536 shares of the oil and natural gas company’s stock valued at $116,371,000 after buying an additional 2,023,828 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in Antero Resources in the fourth quarter valued at about $58,831,000. Aventail Capital Group LP raised its stake in Antero Resources by 553.6% during the fourth quarter. Aventail Capital Group LP now owns 1,713,233 shares of the oil and natural gas company’s stock valued at $59,038,000 after buying an additional 1,451,091 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in Antero Resources by 676.5% during the 3rd quarter. Marshall Wace LLP now owns 1,632,627 shares of the oil and natural gas company’s stock worth $54,791,000 after buying an additional 1,422,377 shares during the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Antero Resources Price Performance Shares of NYSE AR opened at $37.45 on Thursday. Antero Resources Corporation has a 1-year low of $29.10 and a 1-year high of $45.75. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.40 and a quick ratio of 0.40. The business’s fifty day moving average price is $34.81 and its two-hundred day moving average price is $36.62. The firm has a market capitalization of $11.51 billion, a PE ratio of 10.76 and a beta of 0.34.

Wall Street Analysts Forecast Growth A number of equities research analysts have recently weighed in on AR shares. Jefferies Financial Group reiterated a “buy” rating and issued a $57.00 price target on shares of Antero Resources in a report on Friday, May 1st. Truist Financial dropped their target price on shares of Antero Resources from $56.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Bank of America lifted their price target on shares of Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Wolfe Research reaffirmed an “outperform” rating and set a $48.00 price objective on shares of Antero Resources in a research report on Thursday, July 30th. Finally, Texas Capital upgraded shares of Antero Resources to a “strong-buy” rating in a research note on Thursday, June 25th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.31.

View Our Latest Analysis on Antero Resources

About Antero Resources (Free Report)

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.

Featured Articles Five stocks we like better than Antero Resources GE Vernova’s AI Power Boom Faces a Profit Test Cardinal Health Earnings: Can Perfection Get Priced In Twice? Nebius’ Q2 Beat Shows the AI Bottleneck Is Capacity, Not Demand Legacy Jet Builders Stall While Embraer Accelerates to New Highs Want to see what other hedge funds are holding AR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Antero Resources Corporation (NYSE:AR – Free Report).

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BRIDGEPORT, W. Va.--(BUSINESS WIRE)--Beginning in the 2026-2027 athletic season, Antero will be the Official Jersey Patch Sponsor of West Virginia University (WVU) Department of Intercollegiate Athletics. Antero and WVU reached a five-year partnership in which Antero’s logos will be featured on the home and away jerseys of all 18 WVU men’s and women’s varsity sports, marking the first jersey sponsorship patch in school history.

Antero and WVU reached a five-year partnership in which Antero’s logos will be featured all 18 WVU men’s and women’s varsity sports, marking the first jersey sponsorship patch in school history.

Share Antero Resources is the largest producer of energy in West Virginia, producing nearly half of the state’s natural gas. The company is an independent oil and gas company that acquires, explores, develops, and produces natural gas, natural gas liquids, and oil in the Appalachian Basin in West Virginia.

“Since beginning operations in West Virginia in 2008, Antero has prioritized investing in the communities in which our team members live and work,” said Michael Kennedy, CEO of Antero Resources and Antero Midstream. “Antero is proud to partner with WVU as the Official Jersey Patch Sponsor and support Mountaineer student athletes.”

To date, Antero has invested billions of dollars in West Virginia, most recently acquiring additional West Virginia natural gas assets for nearly $4 billion.

In 2023, Antero Resources and Antero Midstream donated $4 million to WVU’s Benjamin M. Statler College of Engineering and Mineral Resources, their largest philanthropic donation to date. The donation helped provide support for undergraduate and graduate students in petroleum and natural gas engineering and established a first of its kind online master's degree in midstream engineering.

“Antero has a strong history of investment in both the state of West Virginia and West Virginia University,” said Conrad Baston, Vice President of Procurement and Administration at Antero Resources and Antero Midstream. “We are thrilled to take the next step in modern college athletics by supporting the student athletes at WVU.”

The partnership between Antero and WVU includes Antero's logo patch on every Mountaineer jersey, and a myriad of marketing assets across WVU sports channels.

“Today marks a historic day for West Virginia University,” said Wren Baker, Vice President and Director of Athletics at WVU. “Our partnership with Antero is a testament to their on-going commitment to invest in the state of West Virginia, our University, and student athletes. More than 500 student-athletes proudly wear the West Virginia jersey and now they will proudly represent Antero.”

Antero Resources (NYSE: AR) is an independent oil and gas company that acquires, explores, develops and produces natural gas, natural gas liquids (“NGLs”), and oil in West Virginia. Through its extensive transportation portfolio, strategic midstream relationships, and integrated marketing approach, Antero delivers natural gas and NGLs to premier markets across the United States and abroad. Antero’s partnership with Antero Midstream Corporation (NYSE: AM) provides reliable access to critical gathering, processing, transportation, and water infrastructure services, making Antero Resources one of the most integrated natural gas operations in Appalachia and in West Virginia. For more information about both companies, visit www.anteroresources.com and www.anteromidstream.com.

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of AR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Disclaimer: I am not an investment advisor, and this is not a recommendation to buy or sell a security. Investors are recommended to read all of the company's filings and press releases, as well as do their own research to determine if the company fits their own investment objectives and risk portfolios. I may buy more shares without any further notice.

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Bank of Nova Scotia trimmed its position in Antero Resources Corporation (NYSE: AR) by 95.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 12,614 shares of the oil and natural gas company's stock after selling 266,458 shares during the period. Bank of Nova Scotia's

Key Takeaways Antero Resources reported y/y revenue growth in Q2 as record production reached 4.1 Bcfe/d.AR's HG Energy acquisition and lower cash costs supported higher EBITDAX and margins.Antero Resources raised its 2026 production guidance after July acquisitions expanded its footprint. Antero Resources Corporation (AR - Free Report) reported second-quarter 2026 adjusted earnings of 76 cents per share, beating the Zacks Consensus Estimate of 75 cents. Revenues of $1.6 billion beat the consensus estimate of $1.5 billion by 6.7% and increased from $1.3 billion in the year-ago quarter.

The strong quarterly performance was supported by record production, lower cash costs and benefits from the HG Energy acquisition. Net production averaged 4.1 Bcfe/d, up 21% year over year, while adjusted EBITDAX rose 57% to $595 million.

AR Production Growth Supports ResultsAntero Resources delivered record production in the second quarter, with average net output reaching 4.1 Bcfe/d, including 216 MBbl/d of liquids. The figure is in line with our estimate of 4.1 Bcfe/d.

Natural gas production averaged 2,847 MMcf/d, while C3+ NGL production averaged 121,132 Bbl/d and C2 NGL production averaged 86,769 Bbl/d.

The company placed 26 Marcellus wells to sales during the quarter with an average lateral length of 13,323 feet. The 21 wells that had been online for about 60 days averaged 25 MMcfe/d per well, including 975 Bbl/d of liquids per well assuming 25% ethane recovery.

Antero Resources Benefits From HG EnergyAR saw year-over-year revenue growth from stronger production volumes and contributions from the HG Energy assets. Total revenues increased to $1.6 billion from $1.3 billion in the prior-year quarter, helped by higher natural gas liquids sales, oil sales, and commodity derivative gains.

The company’s revenues included $688.5 million from natural gas sales, $587.7 million from natural gas liquids sales and $59.6 million from oil sales. The figures are slightly below our estimates of $705.6 million from natural gas sales, $653.4 million from natural gas liquids sales and $63.1 million, respectively. Commodity derivative fair value gains increased to $160.6 million from $53.4 million a year ago.

AR Improves Cost Structure & MarginsAntero Resources reported total cash operating costs of $2.38 per Mcfe in the quarter, down $0.29 per Mcfe, or 11%, from the prior-year period. Cash production expenses were $2.22 per Mcfe compared with $2.48 per Mcfe in the second quarter of 2025. The figure is marginally above our estimate of 2.21 per Mcfe.

Operating expenses rose to $1.18 billion from $1.09 billion a year ago, reflecting higher gathering, compression, processing and transportation costs, as well as increased depletion, depreciation and amortization. The figure is also above our estimate of $1.14 billion.

Operating income, however, improved to $375.5 million from $204.9 million. The metric also beat our estimate of $323.3 million.

Antero Resources Expands Development PositionAR completed strategic acquisitions in July for approximately $315 million within its West Virginia development footprint. The properties add about 125 MMcfe/d of net production, 3,500 net undeveloped acres and 15 net undeveloped locations.

The company also continued investing in its resource base during the quarter. Drilling and completion capital expenditure totaled $297 million, while land investment reached $29 million, adding approximately 5,000 net acres and 20 incremental net drilling locations.

AR Updates 2026 Outlook & Cash FlowAntero Resources raised its 2026 production guidance to 4.15-4.2 Bcfe/d, citing strong year-to-date performance and the July acquisitions. Third-quarter production is expected to average 4.25-4.3 Bcfe/d, with fourth-quarter production forecast at 4.4-4.5 Bcfe/d.

The company lowered cash production expense guidance to $2.20-$2.30 per Mcfe and adjusted its expected natural gas realized price premium to NYMEX Henry Hub to 5-15 cents per Mcf. C2 NGL realized price premium guidance was increased to $2.50-$3 per barrel.

Antero Resources Strengthens Financial FlexibilityAR generated $438.8 million in net cash from operating activities during the second quarter. The adjusted free cash flow before changes in working capital was $219.8 million compared with $156.3 million in the year-ago period.

The company also continued its capital return program, repurchasing 1.1 million shares for approximately $38 million during the quarter at an average weighted price of $34.25 per share. As of the earnings release, Antero Resources had approximately $880 million of remaining capacity under its share repurchase program.

Antero Resources’ balance sheet reflected total debt of $2.6 billion as of June 30, 2026, including $1.1 billion outstanding under its term loan and $600 million of senior notes due 2030.

Zacks Rank & Stocks to ConsiderAntero Resources currently carries a Zacks Rank #4 (Sell).

Some better-ranked stocks from the energy sector are Par Pacific Holdings (PARR - Free Report) , Valero Energy (VLO - Free Report) and Kinder Morgan Inc. (KMI - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here.

Par Pacific operates an integrated downstream energy business across the United States, with fuel retail operations in Hawaii, Washington and Idaho, refining operations in Hawaii, Wyoming, Washington and Montana, and a supporting logistics network. Its refineries have a combined crude oil throughput capacity of 219,000 barrels per day and produce gasoline, diesel, jet fuel, marine fuels, asphalt and other petroleum products.

Valero Energy is a leading refining player with a robust network of 14 refineries and a combined high-complexity throughput capacity of 3 million barrels per day, which distinguishes it from other independent refiners. Valero’s refineries have a combined Nelson Complexity Index of 11.5, which implies that they can process a wide variety of feedstocks, convert them into higher-value products and shift product yields according to market conditions.

Kinder Morgan operates one of North America's largest natural gas infrastructure networks, consisting of approximately 58,600 miles of transmission pipelines, 6,800 miles of gathering systems and 1,300 miles of natural gas liquids pipelines. KMI transports nearly 40% of U.S. natural gas production and controls more than 700 billion cubic feet of storage capacity, representing roughly 15% of the nation's total storage capacity.

For the quarter ended June 2026, Antero Resources (AR - Free Report) reported revenue of $1.56 billion, up 20.2% over the same period last year. EPS came in at $0.76, compared to $0.35 in the year-ago quarter.

The reported revenue represents a surprise of +4.41% over the Zacks Consensus Estimate of $1.49 billion. With the consensus EPS estimate being $0.75, the EPS surprise was +1.33%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Antero Resources performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Average Net Production per day - Oil: 8,330.00 BBL/D versus the six-analyst average estimate of 9,160.65 BBL/D.Average Net Production per day - Natural Gas: 2847 millions of cubic feet per day versus 2829.67 millions of cubic feet per day estimated by six analysts on average.Average realized prices after effects of derivative settlements - Natural gas: $3.18 per thousand cubic feet compared to the $3.23 per thousand cubic feet average estimate based on five analysts.Average Net Production per day - Combined Natural Gas Equivalent: 4,144.00 MMcfe/D versus the five-analyst average estimate of 4,104.26 MMcfe/D.Average realized prices after effects of derivative settlements - Oil: $/78.6 versus $/79.13 estimated by four analysts on average.Production - Natural gas: 259.00 Bcf compared to the 257.32 Bcf average estimate based on three analysts.Production - Oil: 758.00 MBBL versus the three-analyst average estimate of 811.08 MBBL.Average prices before effects of derivative settlements - Natural gas: $2.66 per thousand cubic feet versus the three-analyst average estimate of $2.72 per thousand cubic feet.Revenue and other- Natural gas sales: $688.48 million versus the three-analyst average estimate of $788.5 million. The reported number represents a year-over-year change of 0%.Revenue and other- Marketing: $56.07 million compared to the $31.09 million average estimate based on two analysts. The reported number represents a change of +66.2% year over year.Revenue and other- Oil sales: $59.58 million versus $67.78 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +76.8% change.Revenue and other- Natural gas liquids sales: $587.71 million versus the two-analyst average estimate of $623.92 million. The reported number represents a year-over-year change of +22.3%.View all Key Company Metrics for Antero Resources here>>>

Shares of Antero Resources have returned -3.6% over the past month versus the Zacks S&P 500 composite's +1.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

, /PRNewswire/ -- Antero Resources Corporation (NYSE: AR) ("Antero Resources," "Antero," or the "Company") today announced its second quarter 2026 financial and operating results. The relevant consolidated financial statements are included in Antero Resources' Quarterly Report on Form 10-Q for the quarter ended June 30, 2026. 

Highlights:

Net production was a company record and above guidance at over 4.1 Bcfe/d, an increase of 21% from the year ago period Net income was $279 million and Adjusted Net Income was $236 million (Non-GAAP) Adjusted EBITDAX was $595 million (Non-GAAP), an increase of 57% compared to the prior year period Net cash provided by operating activities was $439 million Total cash operating costs were at the low end of the guidance range at $2.38 per Mcfe, a decrease of $0.29 per Mcfe, or 11%, from the year ago period Adjusted Free Cash Flow before changes in working capital was $220 million (Non-GAAP), an increase of 41% compared to the year ago period Purchased 1.1 million shares for approximately $38 million during the quarter Completed $315 million of strategic acquisitions in July 2026 in Antero's core Marcellus footprint, including 125 MMcfe/d of net production and 15 net drilling locations Reversion of the overriding royalty interests results in an expected $60 million increase in annualized future cash, or a $0.04 per Mcfe margin uplift 2026 Guidance Updates:

Increasing production guidance to a range of 4.15 to 4.2 Bcfe/d for the full year 2026 Increasing C2 NGL realized price premium to Mont Belvieu to $2.50 to $3.00 per Bbl Decreasing cash production expense guidance to a range of $2.20 to $2.30 per Mcfe Decreasing the realized natural gas price premium to NYMEX to a range of $0.05 to $0.15 per Mcfe Michael Kennedy, CEO and President of Antero Resources commented, "The second quarter of 2026 reflects the first full quarter following our acquisition of HG Energy. Our quarterly results highlight the substantial benefits from this transaction. Our production base increased by more than 20% from a year ago and our cost structure declined by over 10%. In combination with the strategic acquisitions we completed this July, we expect our per unit costs to continue to decline into year end. Further, while the region's gross production has remained flat, net production to Antero is expected to exit the year over 25% higher than the prior year."

Mr. Kennedy continued, "Our improved competitive position provides us with great visibility and confidence in our Free Cash Flow, which supported the accelerated timing of our share repurchase program. During the second quarter we purchased 1.1 million shares for $38 million and we plan to continue being countercyclical with our buybacks when we see opportunities."

Brendan Krueger, CFO of Antero Resources said, "Our recently announced cost reduction initiative is expected to decrease our cost structure by $0.70 per Mcfe from 2025 levels, or 25% in total by year-end 2028. With the integration of HG Energy, we are already nearly halfway towards achieving this target. Lower cash costs will drive significant increases in per unit margins. Additionally, when combining this lower cost structure with our liquids product diversification and hedging strategy, we expect a substantial reduction in cash flow volatility going forward. This was highlighted through our second quarter 2026 results where the Henry Hub natural gas price declined 16% from the year ago period, while our adjusted EBITDAX increased 57%."

For a discussion of the non-GAAP financial measures including Adjusted Net Income, Adjusted EBITDAX, Adjusted Free Cash Flow and Net Debt please see "Non-GAAP Financial Measures."

2026 Guidance Update 

Antero is increasing its full year 2026 production guidance to a range of 4.15 to 4.2 Bcfe/d, to reflect strong performance year-to-date and the acquisitions made in July 2026. Antero is forecasting 5 Bcfe of curtailments in the third quarter of 2026 and expects third quarter production to average 4.25 to 4.3 Bcfe/d with fourth quarter production increasing to an average of 4.4 to 4.5 Bcfe/d.

Cash production expense guidance was lowered to a range of $2.20 to $2.30 per Mcfe, reflecting the HG Energy integration and optimization of firm transportation agreements. Realized natural gas price premium to NYMEX was lowered primarily to reflect the optimization of the firm transportation arrangements.

Revised 2026 Guidance 

Low

High

Net Daily Natural Gas Equivalent Production (Bcfe/d)

4.15

4.2

Cash Production Expense ($/Mcfe)

$2.20

$2.30

Natural Gas Realized Price Premium vs. NYMEX Henry Hub ($/Mcf)

$0.05

$0.15

C2 NGL Realized Price Premium to Mont Belvieu ($/Bbl)

$2.50

$3.00

Note: Any 2026 guidance items not discussed in this release are unchanged from previously stated guidance.

Strategic Updates

Antero acquired properties in its West Virginia development footprint for approximately $315 million. These acquired properties include approximately 125 MMcfe/d of net production and 3,500 net undeveloped acres supporting 15 net undeveloped locations.

On June 30, 2026 Antero dissolved the Martica override entity. The Martica transaction was entered into in 2020 and included overriding royalty interests in Antero's development program. Following return thresholds being achieved in the second quarter of 2026, these overriding royalty interests reverted to Antero. This is expected to result in a $60 million increase in annualized cash flow to Antero, or a $0.04 per Mcfe margin uplift, commencing in the third quarter of 2026.

Cash Cost Reduction Initiative

In June 2026, Antero announced a cash cost reduction initiative. Through this plan, the Company expects to reduce cash costs by $0.70 per Mcfe from full year 2025 to year end 2028. As a result of the lower cost structure, Antero expects to improve EBITDAX margins by $0.35 per Mcfe. These cost reductions and margin enhancements are expected to be driven primarily by the integration of HG Energy, natural gas and liquids firm transportation commitment optimization and increased dry gas development.  

Share Repurchase Program

During the quarter, Antero purchased 1.1 million shares for approximately $38 million, for an average weighted price of $34.25 per share. Antero has approximately $880 million of capacity remaining under its share repurchase program.

Natural Gas Hedge Program

The following tables detail Antero's natural gas swap and collar hedge position as of the publication of July 29, 2026. For more information on Antero's hedge portfolio, including basis hedges, please see the presentation titled "Hedges and Guidance Presentation" on the Company's website.

Swaps

Natural Gas
(MMBtu/d)

Weighted
Average
Index Price
($/MMBtu)

July – December 2026 NYMEX Henry Hub Swap

1,390,000

$

3.90

2027 NYMEX Henry Hub Swap

1,000,000

$

3.84

Weighted Average Index

Collars

Natural Gas
(MMBtu/d)

Floor 
Price
($/MMBtu)

Ceiling Price
($/MMBtu)

July – December 2026 NYMEX Henry Hub Costless Collars

577,000

$

3.26

$

5.66

2027 NYMEX Henry Hub Costless Collars

80,000

$

3.52

$

4.63

Adjusted Free Cash Flow

During the second quarter of 2026, Adjusted Free Cash Flow before changes in working capital was $220 million.

Three Months Ended
June 30,

2025

2026

Net cash provided by operating activities

$

492,358

438,849

Less: Capital expenditures

(208,409)

(340,716)

Less: Distributions to non-controlling interests in Martica

(21,512)

(7,346)

Plus: Transaction expense

—

1,903

Adjusted Free Cash Flow

$

262,437

92,690

Changes in Working Capital

(106,165)

127,069

Adjusted Free Cash Flow before Changes in Working Capital

$

156,272

219,759

Second Quarter 2026 Financial Results

Net daily natural gas equivalent production in the second quarter averaged 4.1 Bcfe/d, including 216 MBbl/d of liquids. Antero's average realized natural gas price before hedges was $2.66 per Mcf. Antero's average realized C3+ NGL price before hedges was $44.33 per barrel and its C2+ NGL price before hedges was $31.06 per barrel.

The following table details average net production and average realized prices for the three months ended June 30, 2026:

Three Months Ended June 30, 2026

Natural

 Gas

 (MMcf/d)

Oil

(Bbl/d)

C3+ NGLs

(Bbl/d)

C2 NGLs

(Bbl/d)

Combined

Natural Gas

Equivalent

(MMcfe/d)

Average Net Production

2,847

8,330

121,132

86,769

4,144

Three Months Ended June 30, 2026

Average Realized Prices

Natural
Gas

($/Mcf)

Oil

($/Bbl)

C3+ NGLs

($/Bbl)

C2 NGLs

($/Bbl)

Combined
Natural Gas

Equivalent

($/Mcfe)

Average realized prices before settled derivatives

$

2.66

78.60

44.33

12.54

3.54

Index price (1)

$

2.90

93.00

45.26

8.96

2.90

Premium / (Discount) to Index price

$

(0.24)

(14.40)

(0.93)

3.58

0.64

Settled commodity derivatives

$

0.52

—

(0.01)

—

0.36

Average realized prices after settled derivatives

$

3.18

78.60

44.32

12.54

3.90

Premium / (Discount) to Index price

$

0.28

(14.40)

(0.94)

3.58

1.00

(1)

Please see Antero's Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, for more information on these index and average realized prices. 

Cash production expense, which includes lease operating, gathering, compression, processing and transportation and production and ad valorem taxes was $2.22 per Mcfe in the second quarter, as compared to $2.48 per Mcfe during the second quarter of 2025. The decrease compared to the prior year reflects a full quarter of the HG Energy assets. Net marketing expense was $0.04 per Mcfe during the second quarter of 2026, compared to $0.06 per Mcfe during the second quarter of 2025.

Operating Results

Antero placed 26 Marcellus wells to sales during the second quarter with an average lateral length of 13,323 feet. 21 of these wells have been online for approximately 60 days with an average rate per well of 25 MMcfe/d, including 975 Bbl/d of liquids per well assuming 25% ethane recovery. In addition, Antero had a number of notable company operating achievements, including:

A 5-well pad which was Antero's first dry gas pad in over 12 years, has been producing at 125 MMcf/d without declines, for over 60 days. Antero estimates the Estimated Ultimate Recovery ("EUR") of these wells will be more than 2.0 Bcf per 1,000 feet, a 70% improvement compared to the 1.2 Bcf per 1,000 feet average EUR when the Company last drilled in this dry gas area. Drilled the longest lateral in company history at over 24,000 feet. This well was located on the recently acquired HG Energy acreage. Second Quarter 2026 Capital Investment

Antero's drilling and completion capital expenditures for the three months ended June 30, 2026 were $297 million. In addition to capital invested in drilling and completion activities, the Company invested $29 million in land during the second quarter. Through this investment, Antero added approximately 5,000 net acres, representing 20 incremental net drilling locations at an average cost of approximately $650,000 per location.

Conference Call

A conference call is scheduled on Thursday, July 30, 2026 at 9:00 am MT to discuss the financial and operational results. A brief Q&A session for security analysts will immediately follow the discussion of the results. To participate in the call, dial in at 877-407-9079 (U.S.), or +1 201-493-6746 (International) and reference "Antero Resources." A telephone replay of the call will be available until Thursday, August 6, 2026 at 9:00 am MT at 877-660-6853 (U.S.) or +1 201-612-7415 (International) using the conference ID: 13758945. 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 until Thursday, August 6, 2026 at 9:00 am MT.

Presentation

An updated presentation will be posted to the Company's website before the conference call. The presentation can be found at www.anteroresources.com on the homepage. Information on the Company's website does not constitute a portion of, and is not incorporated by reference into this press release.

Non-GAAP Financial Measures

Adjusted Net Income

Adjusted Net Income as set forth in this release represents net income, adjusted for certain items. Antero believes that Adjusted Net Income is useful to investors in evaluating operational trends of the Company and its performance relative to other oil and gas producing companies. Adjusted Net Income is not a measure of financial performance under GAAP and should not be considered in isolation or as a substitute for net income as an indicator of financial performance. The GAAP measure most directly comparable to Adjusted Net Income is net income. The following table reconciles net income to Adjusted Net Income (in thousands):

Three Months Ended June 30,

2025

2026

Net income and comprehensive income attributable to Antero Resources Corporation

$

156,585

278,657

Net income and comprehensive income attributable to noncontrolling interests

9,988

7,760

Unrealized commodity derivative gains

(59,763)

(26,412)

Amortization of deferred revenue, VPP

(6,298)

(5,860)

Loss (gain) on sale of assets

546

(14,616)

Impairment of property and equipment

6,297

4,455

Equity-based compensation

15,855

13,266

Loss on early extinguishment of debt

729

—

Equity in earnings of unconsolidated affiliate

(30,563)

(29,379)

Contract termination and loss contingency

13,596

1,659

Transaction expense

—

1,903

Tax effect of reconciling items (1)

13,021

12,094

119,993

243,527

Martica adjustments (2)

(9,988)

(7,760)

Adjusted Net Income

$

110,005

235,767

Diluted Weighted Average Common Shares Outstanding

313,184

310,643

(1)

Deferred taxes were approximately 22% for 2025 and 2026.

(2)

Adjustments reflect noncontrolling interests in Martica not otherwise adjusted in amounts above

Net Debt

Net Debt is calculated as total debt less cash and cash equivalents. Management uses Net Debt to evaluate the Company's financial position, including its ability to service its debt obligations.

The following table reconciles consolidated total debt to Net Debt as used in this release (in thousands):

December 31,
2025

June 30,

2026

Commercial paper

$

—

182,000

Credit Facility

438,600

2,700

Term Loan

—

1,100,000

7.625% senior notes due 2029

365,353

—

5.375% senior notes due 2030

600,000

600,000

5.400% senior notes due 2036

—

750,000

Unamortized debt issuance costs

(5,977)

(20,442)

Total debt

$

1,397,976

2,614,258

Less: Cash, cash equivalents and restricted cash

(210,000)

—

Net Debt

$

1,187,976

2,614,258

Adjusted Free Cash Flow

Adjusted Free Cash Flow is a measure of financial performance not calculated under GAAP and should not be considered in isolation or as a substitute for cash flow from operating, investing, or financing activities, as an indicator of cash flow or as a measure of liquidity. The Company defines Adjusted Free Cash Flow as net cash provided by operating activities, less capital expenditures, which includes additions to unproved properties, drilling and completion costs and additions to other property and equipment, less distributions to non-controlling interests in Martica, plus transaction expenses.

The Company has not provided projected net cash provided by operating activities or a reconciliation of Adjusted Free Cash Flow to projected net cash provided by operating activities, the most comparable financial measure calculated in accordance with GAAP. The Company is unable to project net cash provided by operating activities for any future period because this metric includes the impact of changes in operating assets and liabilities related to the timing of cash receipts and disbursements that may not relate to the period in which the operating activities occurred. The Company is unable to project these timing differences with any reasonable degree of accuracy without unreasonable efforts.

Adjusted Free Cash Flow is a useful indicator of the Company's ability to internally fund its activities, service or incur additional debt and estimate our ability to return capital to shareholders. There are significant limitations to using Adjusted Free Cash Flow as a measure of performance, including the inability to analyze the effect of certain recurring and non-recurring items that materially affect the Company's net income, the lack of comparability of results of operations of different companies and the different methods of calculating Adjusted Free Cash Flow reported by different companies. Adjusted Free Cash Flow does not represent funds available for discretionary use because those funds may be required for debt service, land acquisitions and lease renewals, other capital expenditures, working capital, income taxes, exploration expenses, and other commitments and obligations.

Adjusted EBITDAX

Adjusted EBITDAX is a non-GAAP financial measure that we define as net income, adjusted for certain items detailed below. 

Adjusted EBITDAX as used and defined by us, may not be comparable to similarly titled measures employed by other companies and is not a measure of performance calculated in accordance with GAAP. Adjusted EBITDAX should not be considered in isolation or as a substitute for operating income or loss, net income or loss, cash flows provided by operating, investing, and financing activities, or other income or cash flow statement data prepared in accordance with GAAP. Adjusted EBITDAX provides no information regarding our capital structure, borrowings, interest costs, capital expenditures, working capital movement, or tax position. Adjusted EBITDAX does not represent funds available for discretionary use because those funds may be required for debt service, capital expenditures, working capital, income taxes, exploration expenses, and other commitments and obligations. However, our management team believes Adjusted EBITDAX is useful to an investor in evaluating our financial performance because this measure:

is widely used by investors in the oil and natural gas industry to measure operating performance without regard to items excluded from the calculation of such term, which may vary substantially from company to company depending upon accounting methods and the book value of assets, capital structure and the method by which assets were acquired, among other factors; helps investors to more meaningfully evaluate and compare the results of our operations from period to period by removing the effect of our capital and legal structure from our operating structure; is used by our management team for various purposes, including as a measure of our operating performance, in presentations to our Board of Directors, and as a basis for strategic planning and forecasting; and is used by our Board of Directors as a performance measure in determining executive compensation.  There are significant limitations to using Adjusted EBITDAX as a measure of performance, including the inability to analyze the effects of certain recurring and non-recurring items that materially affect our net income or loss, the lack of comparability of results of operations of different companies, and the different methods of calculating Adjusted EBITDAX reported by different companies.

The GAAP measures most directly comparable to Adjusted EBITDAX are net income and net cash provided by operating activities. The following table represents a reconciliation of Antero's net income, including noncontrolling interest, to Adjusted EBITDAX and a reconciliation of Antero's Adjusted EBITDAX to net cash provided by operating activities per our condensed consolidated statements of cash flows, in each case, for the three months ended June 30, 2025 and 2026 (in thousands). Adjusted EBITDAX also excludes the noncontrolling interests in Martica, and these adjustments are disclosed in the table below as Martica related adjustments.

Three Months Ended June 30,

2025

2026

Reconciliation of net income to Adjusted EBITDAX:

Net income and comprehensive income attributable to Antero Resources Corporation

$

156,585

278,657

Net income and comprehensive income attributable to noncontrolling interests

9,988

7,760

Unrealized commodity derivative (gains) losses

(59,763)

(26,412)

Amortization of deferred revenue, VPP

(6,298)

(5,860)

Loss (gain) on sale of assets

546

(14,616)

Interest expense, net

19,954

37,520

Loss on early extinguishment of debt

729

—

Income tax expense

48,190

78,998

Depletion, depreciation, amortization and accretion

188,531

228,237

Impairment of property and equipment

6,297

4,455

Exploration expense

648

904

Equity-based compensation expense

15,855

13,266

Equity in earnings of unconsolidated affiliate

(30,563)

(29,379)

Dividends from unconsolidated affiliate

31,314

31,314

Contract termination, loss contingency and settlements

13,596

1,659

Transaction expense and other

31

2,037

395,640

608,540

Martica related adjustments (1)

(16,176)

(13,103)

Adjusted EBITDAX

$

379,464

595,437

Reconciliation of our Adjusted EBITDAX to net cash provided by operating activities:

Adjusted EBITDAX

$

379,464

595,437

Martica related adjustments (1)

16,176

13,103

Interest expense, net

(19,954)

(37,520)

Amortization of debt issuance costs and other

356

533

Exploration expense

(648)

(904)

Changes in current assets and liabilities

116,475

(117,274)

Contract termination, loss contingency and settlements

(287)

(10,343)

Transaction expense and other

776

(4,183)

Net cash provided by operating activities

$

492,358

438,849

(1)

Adjustments reflect noncontrolling interests in Martica not otherwise adjusted in amounts above. 

Twelve

Months Ended

June 30, 2026

Reconciliation of net income to Adjusted EBITDAX:

Net income and comprehensive income attributable to Antero Resources Corporation

$

1,083,735

Net income and comprehensive income attributable to noncontrolling interests

39,423

Unrealized commodity derivative gains

(355,578)

Amortization of deferred revenue, VPP

(24,391)

Gain on sale of assets

(60,803)

Interest expense, net

114,843

Loss on early extinguishment of debt

6,742

Income tax expense

337,783

Depletion, depreciation, amortization, and accretion

813,284

Impairment of property and equipment

22,846

Exploration

3,370

Equity-based compensation expense

54,811

Equity in earnings of unconsolidated affiliate

(98,757)

Dividends from unconsolidated affiliate

125,255

Contract termination, loss contingency and settlements

29,418

Transaction expense and other

28,954

2,120,935

Martica related adjustments (1)

(61,695)

Adjusted EBITDAX

$

2,059,240

(1)

Adjustments reflect noncontrolling interests in Martica not otherwise adjusted in amounts above.

Drilling and Completion Capital Expenditures

For a reconciliation between cash paid for drilling and completion capital expenditures and drilling and completion accrued capital expenditures during the period, please see the capital expenditures section below (in thousands):

Three Months Ended
June 30,

2025

2026

Drilling and completion costs (cash basis)

$

181,200

307,821

Change in accrued capital costs

(10,531)

(11,319)

Adjusted drilling and completion costs (accrual basis)

$

170,669

296,502

Notwithstanding their use for comparative purposes, the Company's non-GAAP financial measures may not be comparable to similarly titled measures employed by other companies.

This release includes "forward-looking statements." Words such as "may," "assume," "forecast," "position," "predict," "strategy," "expect," "intend," "plan," "estimate," "anticipate," "believe," "project," "budget," "potential," or "continue," "goal," or "target," and similar expressions are used to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such forward-looking statements are subject to a number of risks and uncertainties, many of which are not under Antero Resources' control. All statements, except for statements of historical fact, made in this release regarding activities, events or developments Antero Resources expects, believes or anticipates will or may occur in the future, such as those regarding our financial strategy, future operating results, financial position, estimated revenues and losses, our ability to integrate acquired assets and achieve the intended operational, financial and strategic benefits from any such transactions, projected costs, estimated realized natural gas, NGL and oil prices, prospects, plans and objectives of management, return of capital program, expected results, impacts of geopolitical events, including the conflicts in Ukraine, Venezuela and in the Middle East, and world health events, future commodity prices, future production targets, including those related to certain levels of production, future earnings, leverage targets and debt repayment, future capital spending plans, improved and/or increasing capital efficiency, expected drilling and development plans, projected well costs and cost savings initiatives, operations of Antero Midstream, future financial position, the participation level of our drilling partner and the financial and production results to be achieved as a result of that drilling partnership, the other key assumptions underlying our projections, the impact of recently enacted legislation, and future marketing opportunities, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on management's current beliefs, based on currently available information, as to the outcome and timing of future events. All forward-looking statements speak only as of the date of this release. Although Antero Resources believes that the plans, intentions and expectations reflected in or suggested by the forward-looking statements are reasonable, there is no assurance that these plans, intentions or expectations will be achieved. Therefore, actual outcomes and results could materially differ from what is expressed, implied or forecast in such statements. Except as required by law, Antero Resources expressly disclaims any obligation to and does not intend to publicly update or revise any forward-looking statements.

Antero Resources cautions you that these forward-looking statements are subject to all of the risks and uncertainties, incidental to our business, most of which are difficult to predict and many of which are beyond Antero Resources' control. These risks include, but are not limited to, risks associated with the successful integration and future performance of acquired assets and operations, commodity price volatility, inflation, supply chain or other disruption, availability and cost of drilling, completion and production equipment and services, environmental risks, drilling and completion and other operating risks, marketing and transportation risks, regulatory changes or changes in law, changes in emission calculation methods, the uncertainty inherent in estimating natural gas, NGLs and oil reserves and in projecting future rates of production, cash flows and access to capital, the timing of development expenditures, conflicts of interest among our stockholders, impacts of geopolitical events, including the conflicts in Ukraine, Venezuela  and the Middle East, and world health events, cybersecurity risks, the state of markets for, and availability of, verified quality carbon offsets and the other risks described under the heading "Risk Factors" in Antero Resources' Annual Report on Form 10-K for the year ended December 31, 2025 and the Quarterly Report on Form 10-Q for the quarter ended June 30, 2026.

"EUR," or estimated ultimate recovery, refers to our management's estimates of hydrocarbon quantities that may be recovered from a well completed as a producer in the area. These quantities may not necessarily constitute or represent reserves within the meaning of the U.S. Securities and Exchange Commission's oil and natural gas disclosure rules. Actual quantities that may be recovered could differ substantially.

ANTERO RESOURCES CORPORATION

Condensed Consolidated Balance Sheets

 (In thousands, except per share amounts)

(Unaudited)

December 31,

June 30,

2025

2026

Assets

Current assets:

Restricted cash

$

210,000

—

Accounts receivable

33,773

25,064

Accrued revenue

473,453

458,197

Derivative instruments

68,913

180,848

Prepaid expenses

14,554

12,807

Current assets held for sale

20,269

—

Other current assets

10,818

16,654

Total current assets

831,780

693,570

Property and equipment:

Oil and gas properties, at cost (successful efforts method):

Unproved properties

796,705

1,124,479

Proved properties

14,049,003

16,976,193

Other property and equipment

113,020

125,054

14,958,728

18,225,726

Less accumulated depletion, depreciation and amortization

(5,753,416)

(6,082,594)

Property and equipment, net

9,205,312

12,143,132

Operating leases right-of-use assets

2,132,509

2,005,573

Derivative instruments

12,524

50,767

Investment in unconsolidated affiliate

245,653

259,313

Assets held for sale

754,737

—

Other assets

62,892

80,279

Total assets

$

13,245,407

15,232,634

Liabilities and Equity

Current liabilities:

Accounts payable

$

49,514

45,468

Accounts payable, related parties

101,454

130,082

Accrued liabilities

338,847

359,272

Revenue distributions payable

384,777

443,186

Commercial paper

—

182,000

Derivative instruments

—

1,913

Short-term lease liabilities

516,256

531,669

Deferred revenue, VPP

23,502

23,793

Current liabilities held for sale

62,310

—

Other current liabilities

26,653

11,382

Total current liabilities

1,503,313

1,728,765

Long-term liabilities:

Long-term debt

1,397,976

2,432,258

Deferred income tax liability, net

907,306

1,218,788

Derivative instruments

—

1,613

Long-term lease liabilities

1,612,288

1,469,378

Deferred revenue, VPP

11,946

—

Liabilities held for sale

39,789

—

Other liabilities

57,140

64,929

Total liabilities

5,529,758

6,915,731

Commitments and contingencies

Equity:

Stockholders' equity:

Preferred stock, $0.01 par value; authorized - 50,000 shares; none issued

—

—

Common stock, $0.01 par value; authorized - 1,000,000 shares; 308,510 and 308,739 shares issued and
     outstanding as of December 31, 2025 and June 30, 2026, respectively

3,085

3,087

Additional paid-in capital

5,865,447

5,834,394

Retained earnings

1,682,295

2,479,422

Total stockholders' equity

7,550,827

8,316,903

Noncontrolling interests

164,822

—

Total equity

7,715,649

8,316,903

Total liabilities and equity

$

13,245,407

15,232,634

ANTERO RESOURCES CORPORATION

Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited)

(In thousands, except per share amounts)

Three Months Ended June 30,

2025

2026

Revenue and other:

Natural gas sales

$

688,753

688,478

Natural gas liquids sales

480,757

587,714

Oil sales

33,700

59,579

Commodity derivative fair value gains

53,409

160,633

Marketing

33,743

56,066

Amortization of deferred revenue, VPP

6,298

5,860

Other revenue and income

833

1,512

Total revenue

1,297,493

1,559,842

Operating expenses:

Lease operating

37,244

48,148

Gathering, compression, processing and transportation

701,722

748,181

Production and ad valorem taxes

34,830

37,535

Marketing

51,988

72,059

Exploration

648

904

General and administrative (including equity-based compensation expense of $15,855 and
     $13,266 in 2025 and 2026, respectively)

57,183

57,795

Depletion, depreciation and amortization

187,589

227,254

Impairment of property and equipment

6,297

4,455

Accretion of asset retirement obligations

942

983

Contract termination, loss contingency and settlements

13,596

1,659

Loss (gain) on sale of assets

546

(14,616)

Other operating expense

25

26

Total operating expenses

1,092,610

1,184,383

Operating income

204,883

375,459

Other income (expense):

Interest expense, net

(19,954)

(37,520)

Equity in earnings of unconsolidated affiliate

30,563

29,379

Loss on early extinguishment of debt

(729)

—

Transaction expense

—

(1,903)

Total other income (expense)

9,880

(10,044)

Income before income taxes

214,763

365,415

Income tax expense

(48,190)

(78,998)

Net income and comprehensive income including noncontrolling interests

166,573

286,417

Less: net income and comprehensive income attributable to noncontrolling interests

9,988

7,760

Net income and comprehensive income attributable to Antero Resources Corporation

$

156,585

278,657

Net income per common share—basic

$

0.50

0.90

Net income per common share—diluted

$

0.50

0.90

Weighted average number of common shares outstanding:

Basic

310,323

309,712

Diluted

313,184

310,643

ANTERO RESOURCES CORPORATION

Condensed Consolidated Statements of Cash Flows (Unaudited)

(In thousands)

Six Months Ended June 30,

2025

2026

Cash flows provided by (used in) operating activities:

Net income including noncontrolling interests

$

386,039

834,630

Adjustments to reconcile net income to net cash provided by operating activities:

Depletion, depreciation, amortization and accretion

375,822

435,539

Impairment of property and equipment

11,915

5,403

Commodity derivative fair value losses (gains)

18,262

(195,656)

Losses on settled commodity derivatives

(17,371)

(30,914)

Deferred income tax expense

102,475

220,675

Equity-based compensation expense

31,000

24,999

Equity in earnings of unconsolidated affiliate

(59,224)

(59,497)

Dividends of earnings from unconsolidated affiliate

62,628

62,628

Amortization of deferred revenue

(12,528)

(11,655)

Amortization of debt issuance costs and other

823

953

Settlement of asset retirement obligations

(71)

(110)

Contract termination, loss contingency and settlements

12,001

2,153

Gain on sale of assets

(29)

(60,566)

Loss on early extinguishment of debt

3,628

6,742

Changes in current assets and liabilities:

Accounts receivable

2,763

8,721

Accrued revenue

85,718

31,866

Prepaid expenses and other current assets

(8,382)

10,832

Accounts payable including related parties

(15,139)

23,815

Accrued liabilities

(85,528)

(39,486)

Revenue distributions payable

48,121

41,811

Other current liabilities

7,174

(14,976)

Net cash provided by operating activities

950,097

1,297,907

Cash flows provided by (used in) investing activities:

Additions to unproved properties

(56,640)

(45,551)

Drilling and completion costs

(356,334)

(492,372)

Additions to other property and equipment

(1,580)

(8,894)

Acquisition of HG Production

—

(2,803,195)

Acquisitions of oil and gas properties

—

(7,631)

Proceeds from asset sales

11,522

756,986

Change in other assets

(2,348)

(24,066)

Net cash used in investing activities

(405,380)

(2,624,723)

Cash flows provided by (used in) financing activities:

Issuances and borrowings of debt

2,291,800

5,521,550

Repayments of debt.

(2,686,733)

(4,295,447)

Repurchases of common stock

(84,966)

(37,890)

Payment of debt issuance costs

—

(10,838)

Distributions to noncontrolling interests in Martica Holdings LLC

(37,481)

(24,996)

Employee tax withholding for settlement of equity-based compensation awards

(26,618)

(34,906)

Other

(719)

(657)

Net cash provided by (used in) financing activities

(544,717)

1,116,816

Net decrease in cash, cash equivalents and restricted cash

—

(210,000)

Cash, cash equivalents and restricted cash, beginning of period

—

210,000

Cash, cash equivalents and restricted cash, end of period

$

—

—

Supplemental disclosure of cash flow information:

Cash paid during the period for interest

$

48,043

69,988

Increase (decrease) in accounts payable, accrued liabilities and other current liabilities for additions to property
     and equipment

$

(29,581)

34,482

In-kind liquidating distribution to noncontrolling interests

$

—

160,583

The following table sets forth selected financial data for the three months ended June 30, 2025 and 2026 (in thousands):

(Unaudited)

Three Months Ended

Amount of

June 30,

Increase

Percent

2025

2026

(Decrease)

Change

Revenue and other:

Natural gas sales

$

688,753

688,478

(275)

*

Natural gas liquids sales

480,757

587,714

106,957

22

%

Oil sales

33,700

59,579

25,879

77

%

Commodity derivative fair value gains

53,409

160,633

107,224

201

%

Marketing

33,743

56,066

22,323

66

%

Amortization of deferred revenue, VPP

6,298

5,860

(438)

(7)

%

Other revenue and income

833

1,512

679

82

%

Total revenue

1,297,493

1,559,842

262,349

20

%

Operating expenses:

Lease operating

37,244

48,148

10,904

29

%

Gathering and compression

236,830

270,225

33,395

14

%

Processing

284,040

292,745

8,705

3

%

Transportation

180,852

185,211

4,359

2

%

Production and ad valorem taxes

34,830

37,535

2,705

8

%

Marketing

51,988

72,059

20,071

39

%

Exploration

648

904

256

40

%

General and administrative (excluding equity-based compensation)

41,328

44,529

3,201

8

%

Equity-based compensation

15,855

13,266

(2,589)

(16)

%

Depletion, depreciation and amortization

187,589

227,254

39,665

21

%

Impairment of property and equipment

6,297

4,455

(1,842)

(29)

%

Accretion of asset retirement obligations

942

983

41

4

%

Contract termination, loss contingency and settlements

13,596

1,659

(11,937)

(88)

%

Loss (gain) on sale of assets

546

(14,616)

(15,162)

*

Other operating expense

25

26

1

4

%

Total operating expenses

1,092,610

1,184,383

91,773

8

%

Operating income

204,883

375,459

170,576

83

%

Other income (expenses):

Interest expense, net

(19,954)

(37,520)

(17,566)

88

%

Equity in earnings of unconsolidated affiliate

30,563

29,379

(1,184)

(4)

%

Loss on early extinguishment of debt

(729)

—

729

*

Transaction expenses

—

(1,903)

(1,903)

*

Total other income (expense)

9,880

(10,044)

(19,924)

*

Income before income taxes

214,763

365,415

150,652

70

%

Income tax expense

(48,190)

(78,998)

(30,808)

64

%

Net income and comprehensive income including noncontrolling interests

166,573

286,417

119,844

72

%

Less: net income and comprehensive income attributable to noncontrolling
     interests

9,988

7,760

(2,228)

(22)

%

Net income and comprehensive income attributable to Antero Resources
     Corporation

$

156,585

278,657

122,072

78

%

Adjusted EBITDAX

$

379,464

595,437

215,973

57

%

*   Not meaningful

The following table sets forth selected operating data for the three months ended June 30, 2025 and 2026:

Three Months Ended

Amount of

June 30,

Increase

Percent

2025

2026

(Decrease)

Change

Production data (1) (2):

Natural gas (Bcf)

203

259

56

28

%

C2 Ethane (MBbl)

6,924

7,896

972

14

%

C3+ NGLs (MBbl)

10,608

11,023

415

4

%

Oil (MBbl)

672

758

86

13

%

Combined (Bcfe)

312

377

65

21

%

Daily combined production (MMcfe/d)

3,430

4,144

714

21

%

Average prices before effects of derivative settlements (3):

Natural gas (per Mcf)

$

3.39

2.66

(0.73)

(22)

%

C2 Ethane (per Bbl) (4)

$

11.34

12.54

1.20

11

%

C3+ NGLs (per Bbl)

$

37.92

44.33

6.41

17

%

Oil (per Bbl)

$

50.15

78.60

28.45

57

%

Weighted Average Combined (per Mcfe)

$

3.85

3.54

(0.31)

(8)

%

Average realized prices after effects of derivative settlements (3):

Natural gas (per Mcf)

$

3.36

3.18

(0.18)

(5)

%

C2 Ethane (per Bbl) (4)

$

11.34

12.54

1.20

11

%

C3+ NGLs (per Bbl)

$

37.92

44.32

6.40

17

%

Oil (per Bbl)

$

50.15

78.60

28.45

57

%

Weighted Average Combined (per Mcfe)

$

3.83

3.90

0.07

2

%

Average costs (per Mcfe):

Lease operating

$

0.12

0.13

0.01

8

%

Gathering and compression

$

0.76

0.72

(0.04)

(5)

%

Processing

$

0.91

0.78

(0.13)

(14)

%

Transportation

$

0.58

0.49

(0.09)

(16)

%

Production and ad valorem taxes

$

0.11

0.10

(0.01)

(9)

%

Marketing expense, net

$

0.06

0.04

(0.02)

(33)

%

General and administrative (excluding equity-based compensation)

$

0.13

0.12

(0.01)

(8)

%

Depletion, depreciation, amortization and accretion

$

0.60

0.61

0.01

2

%

*

Not meaningful

(1)

Production data excludes volumes related to VPP transaction.

(2)

Oil and NGLs production was converted at 6 Mcf per Bbl to calculate total Bcfe production and per Mcfe amounts.  This ratio is an estimate of the equivalent energy content of the products and may not reflect their relative economic value.

(3)

Average prices reflect the before and after effects of our settled commodity derivatives.  Our calculation of such after effects includes gains (losses) on settlements of commodity derivatives, which do not qualify for hedge accounting because we do not designate or document them as hedges for accounting purposes. 

(4)

The average realized price for the three months ended June 30, 2025 includes $0.5 million of proceeds related to a take-or-pay contract.  Excluding the effect of these proceeds, the average realized price for ethane before and after the effects of derivatives for the three months ended June 30, 2025 would have been $11.27 per Bbl.

SOURCE Antero Resources Corporation

Antero Resources (AR - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The earnings report, which is expected to be released on July 29, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis oil and natural gas producer is expected to post quarterly earnings of $0.77 per share in its upcoming report, which represents a year-over-year change of +120%.

Revenues are expected to be $1.5 billion, up 15.9% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 12.5% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Antero Resources?For Antero Resources, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Antero Resources will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Antero Resources would post earnings of $1.22 per share when it actually produced earnings of $1.15, delivering a surprise of -5.74%.

The company has not been able to beat consensus EPS estimates in any of the last four quarters.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Antero Resources doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Antero Resources (NYSE: AR) ("Antero" or the "Company") today announced that the Company plans to issue its second quarter 2026 earnings release on Wednesday, July 29, 2026 after the close of trading on the New York Stock Exchange.

A conference call is scheduled on Thursday, July 30, 2026 at 9:00 am MT to discuss the financial and operational results. A brief Q&A session for security analysts will immediately follow the discussion of the results. To participate in the call, dial in at 877-407-9079 (U.S.), or +1 201-493-6746 (International) and reference "Antero Resources." A telephone replay of the call will be available until Thursday, August 6, 2026 at 9:00 am MT at 877-660-6853 (U.S.) or +1 201-612-7415 (International) using the conference ID: 13758945. 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 until Thursday, August 6, 2026 at 9:00 am MT.

Antero Resources is an independent natural gas and natural gas liquids company engaged in the acquisition, development and production of unconventional properties located in the Appalachian Basin in West Virginia. In conjunction with its affiliate, Antero Midstream (NYSE: AM), Antero is one of the most integrated natural gas producers in the U.S.  The Company's website is located at www.anteroresources.com.

SOURCE Antero Resources Corporation

Also from this source

Geopolitical instability, particularly the unresolved Iranian situation, is driving higher and more volatile oil and gas prices for the foreseeable future. Comstock Resources (CRK), Antero Resources (AR), Exxon Mobil (XOM), Crescent Energy, Vaalco Energy (EGY), and Meren Energy (MRNFF) are highlighted as strong buy or long-term opportunities. XOM's Guyana expansion could contribute up to 10% of company production by 2030.

Perfect Corp. Launches Industry's Most Comprehensive AI Hair & Beard API Suite, Combining Virtual Try-On with Intelligent Hair Analysis Perfect Corp. (NYSE: PERF), the global leader in AI and augmented reality (AR) beauty technology, today announced the expansion of its YouCam API platform to feature the industry’s most comprehensive AI Hair & Beard API portfolio. With 11 dedicated hair and beard APIs now available, Perfect Corp. is the only provider on the market to offer a complete suite spanning both virtual try-on and AI-powered hair diagnostics in a single, developer-ready integration.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260616828286/en/

Perfect Corp. Launches Industry’s Most Comprehensive AI Hair & Beard API Suite, Combining Virtual Try-On with Intelligent Hair Analysis

Setting a New Standard in Hair Intelligence

As consumer demand for hyper-personalized beauty experiences accelerates across e-commerce, haircare, and wellness platforms, brands and developers are under pressure to deliver intelligent hair features at scale — without building proprietary AI from scratch. The YouCam API Hair & Beard suite directly addresses this gap, enabling any platform to integrate sophisticated hair intelligence in days, not months.

“Hair is one of the most personal and emotionally significant aspects of appearance, yet it has been dramatically underserved by the developer API ecosystem,” said Alice Chang, CEO and Founder of Perfect Corp. “With 11 purpose-built APIs covering everything from hairstyle try-on to frizz detection, we’re giving developers the most powerful and complete hair intelligence toolkit available anywhere — fully production-ready and accessible from day one.”

The Most Complete Hair & Beard API Portfolio on the Market

Virtual Try-On & Style Simulation (7 APIs): AI Hair Color Virtual Try-On with unlimited color options; AI Hairstyle Virtual Try-On supporting short cuts, wolf cuts, pixie cuts, and more; AI Hair Extension Virtual Try-On across lengths, styles, colors, and bangs; AI Bangs Filter Virtual Try-On for previewing curtain bangs, fringe, and short or long hair with bangs; AI Hair Volume Virtual Try-On for enhancing fullness and thickness in any photo; AI Wavy Hair Virtual Try-On simulating beach waves, soft curls, and bold voluminous styles; and AI Beard Style Generator for visualizing beard shapes and lengths in real time. AI Hair Diagnostics & Analysis (4 APIs): AI Hair Type Detection for classifying straight, wavy, curly, and kinky hair; AI Hair Length Detection for automated measurement from a photo; AI Hair Frizziness Detection across four distinct grades; and AI Hair Density Detection categorizing scalp exposure and hair distribution into four density grades. No other API platform combines styling simulation and diagnostic intelligence under a single integration.

AI-Native: Built for the Agentic Era

All YouCam APIs support native Model Context Protocol (MCP), enabling direct integration into AI agents and LLM-powered workflows — including Claude and Cursor — with no complex documentation overhead. Developers can obtain a free API key and begin testing immediately via the YouCam API Playground.

To learn more about YouCam API Hair & Beard solutions, please visit: https://yce.perfectcorp.com/ai-api

About Perfect Corp.

Perfect Corp. (NYSE: PERF) is a global leader in AI and AR technology, redefining creativity across beauty, fashion, skincare, and digital content creation. Its YouCam suite of apps has been downloaded over 1.1 billion times globally, empowering users to create, edit, and express themselves through photo, video, and generative AI tools. The YouCam platform also includes a powerful web-based editor and a suite of developer APIs, providing creators, brands, and technology partners with seamless access to content creation capabilities across platforms.

For brands and professionals, Perfect Corp. offers an award-winning portfolio of enterprise technologies, including virtual try-on experiences for makeup, hair, jewelry, watches, and fashion accessories, as well as AI-powered skin and hair analysis.

With a brand portfolio that includes YouCam and Skincare Pro, and a network of over 800 global brand partners, Perfect Corp. is transforming the beauty experience through personalized, immersive, and intelligent innovation.

For more information, visit perfectcorp.com and follow @Perfect-Corp.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260616828286/en/

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today May 6th:

Five Below, Inc. (FIVE - Free Report) : This specialty value chain retailer, that provides a wide range of premium quality and trendy merchandise for $5 or below, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 14.6% over the last 60 days.

Five Below has a PEG ratio of 1.74 compared with 2.46 for the industry. The company possesses a Growth Score of A.

Fomento Economico Mexicano (FMX - Free Report) : This company, which operates as a franchise bottler of Coca-Cola trademark beverages worldwide, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.8% over the last 60 days.

Fomento Economico Mexicano has a PEG ratio of 0.83 compared with 1.47 for the industry. The company possesses a Growth Score of A.

Antero Resources (AR - Free Report) : This independent explorer, which is primarily engaged in the acquisition and development of natural gas, natural gas liquids and oil resources in the Appalachian Basin, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 32.9% over the last 60 days.

Antero Resources has a PEG ratio of 0.36 compared with 1.23 for the industry. The company possesses a Growth Score of B.

See the full list of top ranked stocks here.

Learn more about the Growth score and how it is calculated here.

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today May 8th:

Fomento Economico Mexicano (FMX - Free Report) : This company, which operates as a franchise bottler of Coca-Cola trademark beverages worldwide, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.8% over the last 60 days.

Fomento Economico Mexicano has a PEG ratio of 0.84 compared with 1.44 for the industry. The company possesses a Growth Score of A.

Antero Resources (AR - Free Report) : This independent explorer, which is primarily engaged in the acquisition and development of natural gas, natural gas liquids and oil resources in the Appalachian Basin, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 32.9% over the last 60 days.

Antero Resources has a PEG ratio of 0.34 compared with 1.17 for the industry. The company possesses a Growth Score of B.

DaVita (DVA - Free Report) : This company, which is a leading provider of dialysis services in the U.S. to patients suffering from chronic kidney failure, also known as end-stage renal disease (ESRD), carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.8% over the last 60 days.

DaVita has a PEG ratio of 0.67 compared with 2.36 for the industry. The company possesses a Growth Score of B.

See the full list of top ranked stocks here.

Learn more about the Growth score and how it is calculated here.

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, May 12:

Antero Resources Corporation (AR - Free Report) : This independent oil and natural gas company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 30.2% over the last 60 days.

Antero has a PEG ratio of 0.32 compared with 0.84 for the industry. The company possesses a Growth Score of B.

DaVita Inc. (DVA - Free Report) : This dialysis services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.4% over the last 60 days.

DaVita has a PEG ratio of 0.65 compared with 2.43 for the industry. The company possesses a Growth Score of B.

Petco Health and Wellness Company, Inc. (WOOF - Free Report) : This pet specialty retailer carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 35.7% over the last 60 days.

Petco Health has a PEG ratio of 1.34 compared with 2.53 for the industry. The company possesses a Growth Score of A.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Learn more about the Growth score and how it is calculated here.

Key Takeaways DaVita made the screen with a low PEG ratio and a five-year expected growth rate of 20.2%.AR combines discounted PEG and P/E ratios with a long-term historical growth rate of 49.4%.PBF and BPOP qualified with a Value Score of B and solid five-year expected growth forecasts. At a time when volatility strikes every second day, investors often rely on value investing rather than other options like growth or momentum. As soon as other investors start selling their stocks at a cheaper rate in times of market uncertainty, value investors take this as an opportunity to pick good stocks at a discounted price.

Several stocks that have surged significantly in the recent past have shown the overwhelming success of this pure-play investment strategy. Here, we discuss four such stocks — DaVita (DVA - Free Report) , Antero Resources (AR - Free Report) , PBF Energy (PBF - Free Report) and Popular (BPOP - Free Report) .

However, this apparently simple value investment technique has some drawbacks and not understanding the strategy properly may often lead to “value traps.” In such a situation, these value picks start to underperform over the long run as the temporary problems, which once drove the share price down, turn out to be persistent.

There are many value investment yardsticks, such as dividend yield, P/E or P/B, which are simple and can single out whether a stock is trading at a discount.

However, for investors looking to escape such value traps, it is also vital to determine where the stock would be headed in the next 12 to 24 months. Warren Buffett advises these investors to focus on the earnings growth potential of a stock. This is where lies the importance of a not-so-popular value investing metric, the PEG ratio.

PEG Ratio at a Glance

The PEG ratio is defined as (Price/ Earnings)/Earnings Growth Rate

A low PEG ratio is always better for value investors.

While P/E alone fails to identify a true value stock, PEG helps find the intrinsic value of a stock.

There are some drawbacks to using the PEG ratio. It doesn’t consider the very common situation of changing growth rates, such as the forecast of the first three years at a very high growth rate, followed by a sustainable but lower growth rate over the long term.

Hence, PEG-based investing can turn out to be even more rewarding if some other relevant parameters are also taken into consideration.

Here are some of the screening criteria for a winning strategy:

PEG Ratio less than X Industry Median

P/E Ratio (using F1) less than X Industry Median (for more accurate valuation purposes)

Zacks Rank #1 (Strong Buy) or 2 (Buy) (Whether good market conditions or bad, stocks with a Zacks Rank #1 or 2 have a proven history of success.)

Market Capitalization greater than $1 billion (This helps us to focus on companies that have strong liquidity.)

Average 20-Day Volume greater than 50,000 (A substantial trading volume ensures that the stock is easily tradable.)

Percentage Change F1 Earnings Estimate Revisions (4 Weeks) greater than 5% (Upward estimate revisions add to the optimism, suggesting further bullishness.)

Value Score of less than or equal to B: Our research shows that stocks with a Style Score of A or B when combined with a Zacks Rank #1, 2 or 3 (Hold) offer the best upside potential. 

Our PEG-Driven Picks

Here are four stocks that qualified the screening:

DaVita: Denver, CO-headquartered DaVita is a leading provider of dialysis services in the United States to patients suffering from chronic kidney failure, also known as end-stage renal disease (ESRD). The company operates kidney dialysis centers and provides related medical services primarily in dialysis centers and in contracted hospitals across the United States. Its services include outpatient dialysis services, hospital inpatient dialysis services and ancillary services such as ESRD laboratory services and disease management services.

DaVita currently has a Zacks Rank #1 and a Value Score of A. DVA also has an impressive five-year expected growth rate of 20.2%. You can see the complete list of today’s Zacks #1 Rank stocks here.

Antero Resources: Denver, CO-based Antero Resources is an independent explorer, primarily engaged in the acquisition and development of natural gas, natural gas liquids and oil resources in the Appalachian Basin. It is one of the fast-growing natural gas producers in the United States. The company focuses on unconventional reservoirs. It holds around 542,000 net acres of oil and gas properties in the Appalachian Basin of West Virginia and Ohio. Antero Resources was established in 2002.

Apart from a discounted PEG and P/E, Antero Resources currently has a Zacks Rank #1 and a Value Score of B. AR has a long-term historical growth rate of 49.4%.

PBF Energy: Based in New Jersey, PBF Energy is a leading refiner of crude. Through five oil refineries and associated infrastructure in the United States, the company provides end products that comprise heating oil, transportation fuels, lubricants and many related products. The refineries can collectively process 1,000,000 barrels of crude every day.

PBF Energy has a Zacks Rank #1 and a Value Score of B. PBF also has an impressive five-year expected growth rate of 39.%.

Popular: The company is a full-service financial services provider with operations in Puerto Rico, the U.S. mainland and the U.S. and British Virgin Islands. Popular offers a comprehensive suite of banking and financial services, including retail and commercial banking, auto and equipment leasing and financing, mortgage loans, insurance, investment banking and broker-dealer services.

BPOP currently has a Zacks Rank #2 and a Value Score of B. Popular also has an impressive five-year expected growth rate of 13.2%.

Antero Resources is projected to generate $1.714 billion in 2026 free cash flow at current strip. Although natural gas strip prices are middling for 2026 after Q1, this is largely made up for by hedges and C3+ NGL prices. The Middle East conflict has much more direct impact on AR's realized prices for liquids than for natural gas.

Antero Resources shares have pulled back seasonally from strong winter pricing. AR's significant propane and butane export capacity positions it to benefit from global supply disruptions. Growing North American export infrastructure and domestic natural gas demand add resilience to AR's profitability.