Antero Resources Q3 net income $76 million, up from prior-year loss; production guidance raised
Antero Resources reported third quarter 2025 net income of $76 million, compared with a net loss of $35 million a year earlier, and adjusted EBITDAX of $318 million, up 70% from the prior year period. The company raised its fourth quarter 2025 production guidance to 3.5 to 3.525 Bcfe/d after about $260 million of West Virginia acquisitions, and it increased its full year 2025 land budget to $125 million to $150 million.
Key points
- Q3 2025 net income was $76 million vs. a net loss of $35 million in Q3 2024; adjusted net income was $48 million (non-GAAP).
- Free Cash Flow was $91 million in Q3 2025 (non-GAAP), vs. negative $23 million a year earlier; net cash from operations was $310 million, up 87%.
- Fourth quarter 2025 production guidance raised to 3.5 to 3.525 Bcfe/d; full year 2025 production expected at the high end of 3.4 to 3.45 Bcfe/d.
- Company bought 1.5 million shares for about $51 million in Q3 and has about $915 million of remaining repurchase capacity.
The filing
Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 29, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.