Antero Resources (AR) Reports Q3 Earnings: What Key Metrics Have to Say

By Zacks Equity Research | October 29, 2025, 7:30 PM

For the quarter ended September 2025, Antero Resources (AR) reported revenue of $1.21 billion, up 15% over the same period last year. EPS came in at $0.15, compared to -$0.12 in the year-ago quarter.

The reported revenue represents a surprise of +2.56% over the Zacks Consensus Estimate of $1.18 billion. With the consensus EPS estimate being $0.22, the EPS surprise was -31.82%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

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: 6,728.00 BBL/D versus the five-analyst average estimate of 8,071.92 BBL/D.
  • Average Net Production per day - Natural Gas: 2195 millions of cubic feet per day compared to the 2222.02 millions of cubic feet per day average estimate based on five analysts.
  • Average Net Production per day - Combined Natural Gas Equivalent: 3,429.00 MMcfe/D compared to the 3,428.77 MMcfe/D average estimate based on four analysts.
  • Production - Natural gas: 202.00 Bcf versus the four-analyst average estimate of 205.11 Bcf.
  • Average realized prices after effects of derivative settlements - Oil: $/50.65 compared to the $/51.16 average estimate based on four analysts.
  • Average realized prices after effects of derivative settlements - Natural gas: $3.12 per thousand cubic feet compared to the $3.16 per thousand cubic feet average estimate based on four analysts.
  • Production - Oil: 619.00 MBBL compared to the 748.16 MBBL average estimate based on four analysts.
  • Production - Combined: 315.00 Bcfe compared to the 315.45 Bcfe average estimate based on four analysts.
  • Revenue and other- Natural gas sales: $630.89 million compared to the $647.19 million average estimate based on three analysts. The reported number represents a change of +48.2% year over year.
  • Revenue and other- Oil sales: $31.35 million versus the two-analyst average estimate of $36.19 million. The reported number represents a year-over-year change of -40.5%.
  • Revenue and other- Marketing: $34.9 million versus the two-analyst average estimate of $35.79 million. The reported number represents a year-over-year change of -26%.
  • Revenue and other- Natural gas liquids sales: $470.39 million versus the two-analyst average estimate of $494.2 million. The reported number represents a year-over-year change of -6.7%.

View all Key Company Metrics for Antero Resources here>>>

Shares of Antero Resources have returned -5% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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