Antero Resources (AR) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Antero Resources reported $1.41 billion in revenue for Q4 2025, a year-over-year increase of 20.8%, with an EPS of $0.42 compared to $0.58 a year ago, indicating a decline in earnings per share [1] - The revenue exceeded the Zacks Consensus Estimate of $1.31 billion by 7.87%, while the EPS fell short of the consensus estimate of $0.52 by 19.89% [1] Financial Performance Metrics - Average Net Production per day for Oil was 8,217 BBL/D, below the five-analyst average estimate of 8,929.26 BBL/D [4] - Average realized price for Natural Gas was $3.72 per thousand cubic feet, slightly below the estimated $3.75 [4] - Average Net Production per day for Natural Gas was 2,265 million cubic feet, closely matching the estimate of 2,265.45 million cubic feet [4] - Combined Natural Gas Equivalent production was 3,511 MMcfe/D, slightly above the estimate of 3,501.71 MMcfe/D [4] Revenue Breakdown - Natural gas sales amounted to $773.6 million, below the three-analyst average estimate of $795.74 million, but represented a year-over-year increase of 42.3% [4] - Marketing revenue was $31.7 million, slightly above the estimate of $31.06 million, but showed a year-over-year decline of 6.7% [4] - Oil sales generated $34.77 million, exceeding the estimate of $32.85 million, but reflected a significant year-over-year decrease of 29.2% [4] - Natural gas liquids sales reached $474.26 million, surpassing the estimate of $435.23 million, with a year-over-year decline of 14.7% [4] Stock Performance - Antero Resources shares returned +4% over the past month, outperforming the Zacks S&P 500 composite, which saw a -0.3% change [3] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [3]