secwatch.observer — SEC 8-K summary
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Issuer:     ANTERO RESOURCES Corp (AR)
CIK:        0001433270
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0001104659-25-042687
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1433270/000110465925042687/0001104659-25-042687-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1433270/000110465925042687/tm2513565d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-042687

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer