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Antero Resources — Jul 29, 2026 release

Fiscal 2026 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001104659-26-088204
Open on SEC.gov ↗
Showing in the filing
EBITDAX margin improvement
“$0.35 per Mcfe”
Period
No period stated
Measure
Company-defined measure
Source
Prose
All guidance in this release · 24
Increase in annualized cash flow to Antero for Q3 FY2026
“$60 million”
Per Mcfe margin uplift for Q3 FY2026
“$0.04”
Net Daily Natural Gas Equivalent Production for FY2026
“4.15 to 4.2 Bcfe/d”
Production for FY2026
“4.15 to 4.2 Bcfe/d”
Net Daily Natural Gas Equivalent Production …
“4.15”
C2 NGL Realized Price Premium to Mont Belvie… for FY2026
“$2.50 to $3.00”
C2 NGL realized price premium to Mont Belvieu
“$2.50 to $3.00 per Bbl”
C2 NGL Realized Price Premium to Mont Belvie…
“$2.50”
Cash production expense for FY2026
“$2.20 to $2.30 per Mcfe”
Natural Gas Realized Price Premium vs. NYMEX… for FY2026
“$0.05 to $0.15”
Natural Gas Realized Price Premium vs. NYMEX…
“$0.05”
Realized natural gas price premium to NYMEX
“$0.05 to $0.15 per Mcfe”
Net production exit rate
“over 25% higher than the prior year”
Cash cost reduction initiative target for FY2028
“$0.70 per Mcfe from 2025 levels, or 25% in total by year-end 2028”
Forecasted curtailments for Q3 FY2026
“5 Bcfe of curtailments”
Production forecast for Q3 FY2026
“4.25 to 4.3 Bcfe/d”
Production for Q4 FY2026
“4.4 to 4.5 Bcfe/d”
Production forecast for Q4 FY2026
“4.4 to 4.5 Bcfe/d”
Cash Production Expense ($/Mcfe)
“$2.20”
Martica override reversion cash flow increase for Q3 FY2026
“$60 million increase in annualized cash flow to Antero, or a $0.04 per Mcfe margin uplift”
Cash cost reduction for FY2025
“$0.70 per Mcfe”
EBITDAX margin improvement from cost reducti… for FY2028
“$0.35 per Mcfe”
EBITDAX margin improvement
“$0.35 per Mcfe”
Share repurchase program remaining capacity
“approximately $880 million of capacity remaining”
Exhibit 99.1 · the passage around this item
… earlier in the release
  Cash Cost Reduction Initiative   In June 2026, Antero announced a cash cost reduction initiative. Through this plan, the Company expects to reduce cash costs by $0.70 per Mcfe from full year 2025 to year end 2028. As a result of the lower cost structure, Antero expects to improve EBITDAX margins by $0.35 per Mcfe. These cost reductions and margin enhancements are expected to be driven primarily by the integration of HG Energy, natural gas and liquids firm transportation commitment optimization and increased dry gas development.   Share Repurchase Program   During the quarter, Antero purchased 1.1 million shares for approximately $38 million, for an average weighted price of $34.25 per share. Antero has approximately $880 million of capacity remaining under its share repurchase program.   Natural Gas Hedge Program   The following tables detail Antero’s natural gas swap and collar hedge position as of the publication of July 29, 2026. For more information on Antero’s hedge portfolio, including basis hedges, please see the presentation titled “Hedges and Guidance Presentation” on the Company’s website.   Swaps   Natural Gas (MMBtu/d)     Weighted Average Index Price ($/MMBtu)   July – December 2026 NYMEX Henry Hub Swap     1,390,000     $ 3.90   2027 NYMEX Henry Hub Swap     1,000,000     $ 3.84     2               Weighted Average Index   Collars   Natural Gas (MMBtu/d)     Floor Price (
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.