HighGravityDataAntero Resources — Feb 11, 2026 release
Fiscal 2025 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001104659-26-013420
Showing in the filing
Production
“approximately 3.8 Bcfe/d”
Period
Q1 FY2026
Measure
Company-defined measure
Source
Prose
All guidance in this release · 40
Net Daily Natural Gas Equivalent Production … for FY2026
“4.1”
Capital associated with not entering into a … for FY2026
“$100 million”
Drilling & Completion No Drilling JV Capital for FY2026
“$100”
Land Capital for FY2026
“$100 million”
Production (incremental capital) for FY2027
“increase 2027 production to 4.3 Bcfe/d”
Production for FY2027
“4.3 Bcfe/d”
Production base for FY2026
“more than 4.2 Bcfe/d”
Year-end Production for FY2026
“more than 4.2 Bcfe/d”
Drilling Rigs for FY2026
“3”
Completion Crews for FY2026
“2”
Leverage for FY2026
“under 1.0x”
Ohio Utica Shale divestiture
“expected to close by the end of February 2026”
D&C Capital Budget for FY2026
“$1 billion”
Drilling & Completion Discretionary Growth C… for FY2026
“Up to $200”
Discretionary growth capital
“up to $200 million”
Discretionary Growth Capital Production Impact for FY2027
“could increase production to approximately 4.5 Bcfe/d”
Production for Q1 FY2026
“approximately 3.8 Bcfe/d”
Production for Q2 FY2026
“increasing to 4.1 Bcfe/d”
Production for Q2 FY2026
“4.1 Bcfe/d”
H2 2026 Production for H2 FY2026
“expected to average approximately 4.2 Bcfe/d”
Second half of 2026 production for H2 FY2026
“approximately 4.2 Bcfe/d”
Production for FY2026
“full year average of approximately 4.1 Bcfe/d”
Drilling & Completion Maintenance Capital for FY2026
“$900”
Total D&C Capital for FY2026
“$1,000”
Completed Wells (Net) for FY2026
“70 to 80”
Average Lateral Length (Feet) for FY2026
“14,600”
Completed Wells (Net)
“14,600”
Net Daily Natural Gas Production (Bcf/d) for FY2026
“2.8”
Total Net Daily Liquids Production (MBbl/d) for FY2026
“213”
Net Daily C3+ NGL Production (MBbl/d) for FY2026
“125”
Net Daily Ethane Production (MBbl/d) for FY2026
“80”
Natural Gas Realized Price Premium vs. NYMEX…
“$0.10”
C3+ NGL Realized Price Premium/(Discount) vs…
“$(0.50)”
Ethane Realized Price Premium vs. Mont Belvi…
“$1.00”
Oil Realized Price Differential vs. WTI Oil …
“$(12.00)”
Cash Production Expense ($/Mcfe) (1)
“$2.35”
Marketing Expense, Net of Marketing Revenue …
“$0.02”
G&A Expense ($/Mcfe) (2)
“$0.11”
Net Daily Oil Production (MBbl/d) for FY2026
“8”
Future development capital for proved undeve…
“$2.3 billion”
Exhibit 99.1 · the passage around this item
… earlier in the release
Discretionary growth capital up to $200 million will be based on the commodity price outlook
and in basin demand needs throughout the year. This growth capital reflects completing an additional two to three pads in 2026, which
could increase production to approximately 4.5 Bcfe/d in 2027. First quarter 2026 production is expected to average approximately 3.8
Bcfe/d, with the second quarter increasing to 4.1 Bcfe/d driven by a full quarter of HG contribution. The second half of 2026 is expected
to average approximately 4.2 Bcfe/d. This results in a full year average of approximately 4.1 Bcfe/d. The Company’s land capital
guidance is $100 million.
The following is a summary of Antero Resources’ 2026 capital budget.
Capital Budget ($ in Millions)
2026
Drilling & Completion Maintenance Capital
$900
Drilling & Completion No Drilling JV Capital
$100
Total D&C Capital
$1,000
Drilling & Completion Discretionary Growth Capital
Up to $200
Land Capital
$100
# of Wells
Net Wells
Average Lateral
Length (Feet)
Completed Wells (Net)
70 to 80
14,600
The following is a summary of Antero Resources’ 2026 production,
pricing and cash expense guidance:
Production Guidance
2026
Net Daily Natural Gas Equivalent Production (Bcfe/d)
4.1
Net Daily Natural Gas Production (Bcf/d)
2.8
Total Net Daily Liquids Production (MBbl/d):
213
Net Daily C3+ NGL Production (MBbl/
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.