Antero Resources Q4 net income rises to $194 million; 2026 output guided to 4.1 Bcfe/d
Antero Resources reported fourth quarter 2025 net income of $194 million, up from $150 million a year earlier, and Adjusted EBITDAX of $422 million, up from $332 million. Adjusted Net Income fell to $133 million from $181 million, and the company said it closed the HG Energy acquisition in February 2026 and expects 2026 production to average 4.1 Bcfe/d on $1 billion of drilling and completion capital.
Key points
- Q4 2025 net income attributable to Antero was $194 million versus $150 million a year earlier; Adjusted Net Income was $133 million versus $181 million.
- Q4 2025 net cash provided by operating activities was $371 million, up from $278 million, and Adjusted EBITDAX was $422 million.
- The HG Energy acquisition closed in February 2026; the Ohio Utica Shale divestiture is expected to close by the end of February 2026.
- 2026 guidance calls for net production averaging 4.1 Bcfe/d on $1 billion of drilling and completion capital, with up to $200 million of discretionary growth capital.
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 February 11, 2026.
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