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
“increasing to 4.1 Bcfe/d”
Period
Q2 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
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/d)
125
Net Daily Ethane Producti
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.