Antero Resources Q1 2025 net income $208M, adjusted EBITDAX $549M, free cash flow $337M

ANTERO RESOURCES Corp

2025-Q1 EPS reported $0.66 revenue$1,352,707,000

Net production averaged 3.4 Bcfe/d (2.2 Bcf/d gas, 206 MBbl/d liquids).
Pre-hedge gas price $4.55/Mcfe, $0.90 premium to NYMEX; NGL $45.65/bbl premium.
Adjusted EBITDAX $549M; net cash from ops $458M (+110% and +75% YoY).
D&C capital $157M, down 16% YoY; free cash flow $337M (Non-GAAP).
Reduced net debt by $204M to $1.29B; repurchased 2.7M shares for ~$92M YTD.

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