Antero Resources — Apr 29, 2026 release
Fiscal 2026 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001104659-26-051537
Showing in the filing
Cash Production Expense ($/Mcfe) (1)
“$2.45”
Period
FY2026
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 17
Production growth for Q2 FY2026
“6%”
Production growth from full HG quarter impact for Q2 FY2026
“6% production growth”
Cash costs per Mcfe reduction from full HG q… for Q2 FY2026
“15% lower cash costs per Mcfe”
Lower cash costs per Mcfe for Q1 FY2026
“15%”
Net production increase for FY2026
“approximately 700 MMcfe/d”
Cash production expense for FY2026
“$2.20 to $2.30 per Mcfe”
Total cost reduction inclusive of G&A and ne…
“$0.30 per Mcfe”
Production for Q2 FY2026
“4.1 Bcfe/d”
Second half production average for H2 FY2026
“approximately 4.2 Bcfe/d”
Production average for FY2026
“approximately 4.1 Bcfe/d”
Annual production growth for FY2026
“approximately 20%”
Annual production growth (year-over-year) for FY2026
“approximately 20%”
Ethane realized price premium to Mont Belvieu for FY2026
“$2.00 to $3.00 per barrel”
Ethane Realized Price Premium vs. Mont Belvi… for FY2026
“$ 2.00” – “$ 3.00”
Cash Production Expense ($/Mcfe) - 2026 Revi… for FY2026
“$ 2.25” – “$ 2.35”
Ethane Realized Price Premium vs. Mont Belvi… for FY2026
“$1.00”
Cash Production Expense ($/Mcfe) (1) for FY2026
“$2.45”
Exhibit 99.1 · the passage around this item
… earlier in the release
2026 Initial
2026 Revised
Full Year 2026 Guidance Updates
Low
High
Low
High
Ethane Realized Price Premium vs. Mont Belvieu ($/Bbl)
$ 1.00
$ 2.00
$ 2.00
$ 3.00
Cash Production Expense ($/Mcfe) (1)
$ 2.35
$ 2.45
$ 2.25
$ 2.35
(1) Includes lease operating, gathering, compression, processing and transportation expenses (“GP&T”)
and production and ad valorem taxes.
Note: Any 2026 guidance items not discussed
in this release are unchanged from previously stated guidance.
Natural Gas Hedge Program
The following tables detail Antero’s swap
and collar hedge position as of the publication of April 24, 2026. For more information on Antero’s hedge portfolio, including basis
hedges, please see the presentation titled “Hedges and Guidance Presentation” on the Company’s website.
Swaps
Natural Gas
(MMBtu/d)
Weighted
Average
Index Price
($/MMBtu)
April – December 2026 NYMEX Henry Hub Swap
1,300,000
$ 3.91
2027 NYMEX Henry Hub Swap
935,000
$ 3.86
Weighted Average Index
Collars
Natural Gas
(MMBtu/d)
Floor Price
($/MMBtu)
Ceiling Price
($/MMBtu)
April – December 2026 NYMEX Henry Hub Costless Collars
575,000
$ 3.25
$ 5.66
2027 NYMEX Henry Hub Costless Collars
80,000
$ 3.52
$ 4.64
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.