NYSEEnergyOil & Gas Exploration & ProductionS&P MidCap 400
$36.08
-0.30 (-0.82%)
Close of Nov 06, 2026 · end-of-day data
AR 8-K filings in 2025
Every material Form 8-K Antero Resources filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Antero Resources signed a purchase agreement on December 5, 2025 to acquire HG Energy II's upstream Marcellus Shale assets in West Virginia for $2.8 billion in cash, and agreed to sell its Ohio Utica Shale upstream assets for $800 million. Antero Midstream separately agreed to buy HG's midstream assets for $1.1 billion and sell its Utica midstream assets for about $400 million. The company says the deals are accretive and will keep an investment grade balance sheet, but the closing depends on customary conditions and regulatory clearance.
Upstream acquisition: $2.8 billion cash for about 385,000 net Marcellus acres; closing expected in the first half of 2026 (press release says second quarter 2026)
Utica upstream sale: $800 million cash; closing expected in the first quarter of 2026
Antero Midstream to buy HG midstream assets for $1.1 billion and sell Utica midstream assets for about $400 million
Outside Date of March 4, 2026, extendable to June 2, 2026 if HSR waiting periods are not yet cleared; $800 million 364-day bridge and $1.5 billion 3-year term loan committed
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.
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.
Antero Resources' Compensation Committee approved base salaries and target bonus levels for CEO Michael N. Kennedy and CFO Brendan E. Krueger, retroactive to August 14, 2025, when they took their roles. The company also adopted an Executive Severance Plan and set higher board retainers for the new Chairman, Benjamin A. Hardesty.
Kennedy: $1,125,000 annualized base salary and 130% target annual incentive; Krueger: $645,000 base salary and 100% target, approved September 17, 2025
Executive Severance Plan adopted September 17, 2025, covering Kennedy, Krueger, Paul M. Rady and Yvette K. Schultz
Board approved $75,000 annual cash retainer and $290,000 annual equity retainer for Chairman Hardesty, retroactive to August 14, 2025
Antero Resources and Antero Midstream said Paul Rady, co-founder and longtime chief executive, is moving to Chairman Emeritus, and CFO Michael Kennedy is becoming chief executive and president of both companies, effective August 14, 2025. The filing also separates the chairman and CEO roles, with Benjamin Hardesty named chairman of Antero Resources, and names Brendan Krueger as Antero Resources' CFO. The filing reports leadership changes only and includes no financial results.
Michael N. Kennedy becomes CEO and President of Antero Resources and Antero Midstream, and joins both boards; he ceases to be CFO of Antero Resources
Paul M. Rady moves to Chairman Emeritus until December 31, 2028, with an annual salary of $50,000 and a pro-rated 2025 annual incentive bonus
Benjamin A. Hardesty becomes Chairman of Antero Resources; Brendan E. Krueger becomes CFO of Antero Resources
Antero Resources reported second quarter 2025 results with net income of $157 million, compared with a loss of $80 million a year earlier, and Adjusted EBITDAX of $379 million. The company raised its full-year 2025 production guidance to 3.4 to 3.45 Bcfe/d and lowered its drilling and completion capital budget to $650 to $675 million, while reducing debt and buying back shares.
Net income was $157 million in Q2 2025 versus a loss of $80 million in Q2 2024; Adjusted Net Income was $110 million (non-GAAP).
Full-year 2025 production guidance raised to 3.4 to 3.45 Bcfe/d; drilling and completion capital budget cut to $650 to $675 million.
Net debt fell $187 million during the quarter to $1.1 billion; the company bought 3.6 million shares for about $126 million from April 1 to July 30, 2025.
Conference call scheduled for Thursday, July 31, 2025 at 9:00 am MT.
Antero Resources reported first quarter 2025 results, with net income attributable to the company of $208 million, up from $23 million a year earlier, and diluted EPS of $0.66 versus $0.07. Revenue rose to $1.35 billion from $1.12 billion, and Adjusted EBITDAX reached $549 million. The company also cut net debt by $204 million to $1.29 billion and repurchased 2.7 million shares for about $92 million through April 30, 2025.
Net income attributable to Antero was $208 million in Q1 2025 versus $23 million in Q1 2024; diluted EPS was $0.66 versus $0.07.
Total revenue was $1.35 billion versus $1.12 billion; Adjusted EBITDAX was $549 million versus $262 million.
Free Cash Flow was $337 million; net debt fell by $204 million to $1.29 billion as of March 31, 2025.
From January 1 to April 30, 2025, the company bought 2.7 million shares for about $92 million, with about $1 billion of repurchase capacity remaining.
Antero Resources reported fourth quarter 2024 net income of $150 million, up from $82 million a year earlier, and Adjusted Net Income of $181 million (non-GAAP). For 2025 it raised its maintenance production target by 50 MMcfe/d to 3.35 to 3.45 Bcfe/d and cut its drilling and completion capital budget by $25 million at the midpoint to $650 million to $700 million. Full-year 2024 net income was $57 million, down from $198 million in 2023.
Q4 2024 net income was $150 million vs. $82 million in Q4 2023; Adjusted EBITDAX was $332 million vs. $322 million
Q4 2024 net cash provided by operating activities was $278 million vs. $312 million a year earlier; Free Cash Flow was $159 million
2025 production guidance raised to 3.35 to 3.45 Bcfe/d; drilling and completion capital budget cut to $650 million to $700 million
Full-year 2024 Free Cash Flow was $73 million; estimated proved reserves were 17.9 Tcfe at year end 2024, flat from the prior year before sales of reserves in place
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Antero Resources filing is on SEC EDGAR ↗. 8-K briefs of other companies →