Antero Resources — Apr 30, 2025 release
Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001104659-25-042687
Showing in the filing
NYMEX Henry Hub Collars - % of Estimated Natural Gas Production
“14%”
Period
FY2026
Measure
GAAP-tied
Source
Guidance table
All guidance in this release · 15
Contracted LPG pricing premium to Mont Belvieu for FY2025
“$2.00 per barrel”
Share repurchase program management plan
“we plan to actively manage our share repurchase program, accelerating buybacks when there are market opportunities”
Debt reduction / credit facility target
“targeting an undrawn credit facility”
Share repurchase program remaining capacity
“approximately $1 billion”
LPG export volumes contracted at Marcus Hook… for FY2025
“approximately 90%”
LPG contracted premium rate to Mont Belvieu … for FY2025
“a double-digit per cent per gallon premium to Mont Belvieu pricing”
C3+ NGL prices premium to Mont Belvieu pricing for FY2025
“$1.50 to $2.50 per barrel”
Lean gas natural gas collars floor/ceiling for FY2026
“a floor price of $3.07 per MMBtu with a ceiling of $5.96 per MMBtu”
NYMEX Henry Hub Collars - Floor Price ($/MMB… for FY2026
“$3.07”
NYMEX Henry Hub Collars - Ceiling Price ($/M… for FY2026
“$5.96”
NYMEX Henry Hub Swap - Natural Gas MMBtu/d for FY2025
“100,000”
NYMEX Henry Hub Swap - Weighted Average Inde… for FY2025
“$3.12”
NYMEX Henry Hub Swap - % of Estimated Natura… for FY2025
“4%”
NYMEX Henry Hub Collars - Natural Gas MMBtu/d for FY2026
“320,000”
NYMEX Henry Hub Collars - % of Estimated Nat… for FY2026
“14%”
Exhibit 99.1 · the passage around this item
… earlier in the release
Natural Gas MMBtu/d
Weighted Average Index Price ($/MMBtu)
% of Estimated Natural Gas Production (1)
2025 NYMEX Henry Hub Swap
100,000
$ 3.12
4 %
Weighted Average Index
% of Estimated
Natural Gas (MMBtu/d)
Floor Price ($/MMBtu)
Ceiling Price
($/MMBtu)
Natural Gas Production (1)
2026 NYMEX Henry Hub Collars
320,000
$ 3.07
$ 5.96
14 %
(1) Based on the midpoint of 2025 natural gas guidance (including BTU upgrade)
2
First Quarter 2025 Financial Results
Net daily natural gas equivalent production in the first quarter averaged
3.4 Bcfe/d, including 206 MBbl/d of liquids. Antero’s average realized natural gas price before hedges was $4.01 per Mcf, a $0.36
per Mcf premium to the benchmark index price. Antero’s average realized C3+ NGL price before hedges was $45.65 per barrel, a $1.66
per barrel premium to the benchmark index price.
The following table details average net production
and average realized prices for the three months ended March 31, 2025:
Three Months Ended March 31, 2025
Natural Gas (MMcf/d)
Oil (Bbl/d)
C3+ NGLs (Bbl/d)
Ethane (Bbl/d)
Combined Natural Gas Equivalent (MMcfe/d)
Average Net Production
2,162
9,467
113,656
82,689
3,397
Three Months Ended March 31, 2025
Natural Gas
Oil
C3+ NGLs
Ethane
Combined Natural Gas Equivalent
Average Realized Prices
($/Mcf)
($/Bbl)
($/Bb
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.