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Antero Resources Corp (AR.N)

AR.N on New York Stock Exchange

14.05USD
16 Nov 2018
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Latest Key Developments (Source: Significant Developments)

Amgp To Acquire Antero Midstream Partners In A Simplification Transaction
Tuesday, 9 Oct 2018 06:45am EDT 

Oct 9 (Reuters) - Antero Resources Corp ::AMGP TO ACQUIRE ANTERO MIDSTREAM PARTNERS IN A SIMPLIFICATION TRANSACTION.ANTERO RESOURCES CORP - DEAL FOR AGGREGATE CONSIDERATION VALUED AT $31.41 PER AM UNIT.ANTERO RESOURCES-ANTERO MIDSTREAM PARTNERS PUBLIC UNITHOLDERS TO RECEIVE $3.415 IN CASH AND 1.635 SHARES OF NEW AM STOCK PER AM UNIT OWNED.ANTERO RESOURCES CORP - AGGREGATE AMOUNT OF CASH CONSIDERATION PAID TO ALL AM UNITHOLDERS EQUALS ABOUT $598 MILLION.ANTERO RESOURCES CORP - TRANSACTION ESTIMATED TO REDUCE AMGP'S TAX PAYMENTS FROM 2019 THROUGH 2022 BY ABOUT $375 MILLION.ANTERO RESOURCES - TRANSACTION WILL BE FULLY TAXABLE TO BOTH ANTERO RESOURCES AND ANTERO MIDSTREAM PARTNERS' PUBLIC UNITHOLDERS.ANTERO RESOURCES CORP - PV-10 OF TAX SAVINGS TO NEW AM AS A RESULT OF TRANSACTION IS ABOUT $800 MILLION.ANTERO RESOURCES - EXPECTS TO UTILIZE PORTION OF ITS $3 BILLION OF NET OPERATING LOSS CARRYFORWARDS TO SUBSTANTIALLY SHIELD GAIN FROM TRANSACTION.ANTERO - DEAL GIVES DOUBLE DIGIT ACCRETION FOR AMGP, AM ON DISTRIBUTABLE CASH FLOW/SHARE AND PER UNIT BASIS RESPECTIVELY OVER LONG TERM FROM 2019 TO 2022.ANTERO RESOURCES CORP - CASH CONSIDERATION OF TRANSACTION WILL BE FUNDED AT CLOSING BY UTILIZING BORROWINGS UNDER AN AMENDED AM CREDIT FACILITY.ANTERO RESOURCES - AM IS IN PROCESS OF EXERCISING ACCORDION FEATURE ON ITS CREDIT FACILITY, WHICH WOULD INCREASE CAPACITY FROM $1.5 BILLION TO $2.0 BILLION.ANTERO RESOURCES CORP - NEW AM CURRENTLY INTENDS TO TARGET DIVIDEND OF $1.24 PER SHARE IN 2019.  Full Article

Antero Resources Announces $600 Mln Share Repurchase Program
Tuesday, 9 Oct 2018 06:45am EDT 

Oct 9 (Reuters) - Antero Resources Corp ::ANTERO RESOURCES ANNOUNCES SIMPLIFIED MIDSTREAM CORPORATE STRUCTURE AND $600 MILLION SHARE REPURCHASE PROGRAM.ANTERO RESOURCES - SHARE REPURCHASE PROGRAM EXPECTED TO BE FUNDED BY CASH PROCEEDS FROM MIDSTREAM SIMPLIFICATION TRANSACTION & EXPECTED FREE CASH FLOW.  Full Article

Antero Resources Quarterly Loss Per Share $0.43
Wednesday, 1 Aug 2018 04:15pm EDT 

Aug 1 (Reuters) - Antero Resources Corp ::ANTERO RESOURCES REPORTS SECOND QUARTER 2018 FINANCIAL AND OPERATIONAL RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.02 EXCLUDING ITEMS.Q2 EARNINGS PER SHARE VIEW $0.18 -- THOMSON REUTERS I/B/E/S.Q2 REVENUE $989 MILLION VERSUS I/B/E/S VIEW $974.9 MILLION.ANTERO RESOURCES - QTRLY NET DAILY GAS EQUIVALENT PRODUCTION AVERAGED 2,520 MMCFE/D (27% LIQUIDS), A 15% INCREASE.QTRLY LIQUIDS PRODUCTION AVERAGED 113,581 BBL/D, AN 11% INCREASE.ANTERO RESOURCES - QTRLY GAAP LOSS PER SHARE $0.43.  Full Article

Antero Resources reports Q3 GAAP loss per share of $0.43
Wednesday, 1 Nov 2017 05:49pm EDT 

Nov 1 (Reuters) - Antero Resources Corp : :Antero Resources reports third quarter 2017 financial and operational results.Q3 GAAP loss per share $0.43.Q3 earnings per share view $0.11 -- Thomson Reuters I/B/E/S.Qtrly revenue $647.9 million versus $1.12 billion.Q3 revenue view $801 million -- Thomson Reuters I/B/E/S.Qtrly ‍net daily gas equivalent production averaged a record 2,317 MMcfe/d, a 24% increase over prior year quarter​.Antero is targeting a compound annual production growth rate of 20% over four year period of 2017 to 2020​.‍$1.3 billion targeted drilling, completion capital program in 2018 reflects third consecutive year of maintaining flat capital program​.Has entered into a new upstream credit facility with a borrowing base of $4.5 billion and lender commitments of $2.5 billion​.Lender commitments were reduced by $1.5 billion from previous commitments of $4.0 billion​.During Q3 of 2017, Antero's realized natural gas price was negatively impacted by contract disputes with two counterparties​.  Full Article

Antero Resources reports third quarter financial results
Wednesday, 1 Nov 2017 04:15pm EDT 

Nov 1 (Reuters) - Antero Resources Corp :Antero Resources reports third quarter 2017 financial and operational results.Q3 gaap loss per share $0.43.Q3 earnings per share view $0.11 -- Thomson Reuters I/B/E/S.Q3 revenue $251 million.Q3 revenue view $801 million -- Thomson Reuters I/B/E/S.Qtrly ‍net daily gas equivalent production averaged a record 2,317 MMcfe/d, a 24% increase over prior year quarter​.Antero Resources Corp - ‍Antero is targeting a compound annual production growth rate of 20% over four year period of 2017 to 2020​.Antero Resources - ‍$1.3 billion targeted drilling, completion capital program in 2018 reflects third consecutive year of maintaining flat capital program​.Antero Resources Corp - ‍has entered into a new upstream credit facility with a borrowing base of $4.5 billion and lender commitments of $2.5 billion​.Antero Resources Corp - ‍lender commitments were reduced by $1.5 billion from previous commitments of $4.0 billion​.Antero Resources Corp - ‍during Q3 of 2017, Antero's realized natural gas price was negatively impacted by contract disputes with two counterparties​.  Full Article

Veolia awarded $70 million‍​ contract with Antero Resources
Wednesday, 11 Oct 2017 11:42am EDT 

Oct 11 (Reuters) - VEOLIA :AWARDED CONTRACT WITH OIL AND GAS OPERATOR ANTERO RESOURCES; CONTRACT FOR UP TO 10-YEARS AND IS WORTH $70 MILLION‍​.  Full Article