Antero Resources: Q2 Earnings Snapshot

July 27, 2022 GMT

DENVER (AP) _ Antero Resources Corp. (AR) on Wednesday reported a loss of $523.5 million in its second quarter.

The Denver-based company said it had a loss of $1.70 per share. Earnings, adjusted for non-recurring costs, came to 14 cents per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.92 per share.

The oil and natural gas producer posted revenue of $487.1 million in the period. Its adjusted revenue was $1.32 billion, which also missed Street forecasts. Four analysts surveyed by Zacks expected $1.9 billion.

Antero Resources shares have more than doubled since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $39.89, nearly tripling in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AR at https://www.zacks.com/ap/AR