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Investing.com - Benchmark maintained its Hold rating on Antero Resources (NYSE:AR), a $9.5 billion market cap energy company with a "GOOD" InvestingPro Financial Health score, as the research firm adjusted its EBITDA forecast for the company.
Benchmark lowered its EBITDA estimate to $332 million from $385 million, citing mark-to-market commodity prices, primarily C3+ prices that weakened throughout the quarter. The current consensus estimate stands at $342 million. The company’s last twelve months EBITDA stands at $1.34 billion, with analysts maintaining a moderate buy consensus and price targets ranging from $25 to $58.
The research firm noted that propane prices are waiting for winter weather conditions as international demand remains weak. Propane inventories have now risen above year-ago levels, while producers are reporting improved liquids-capture in the Gulf Coast region.
Antero Resources is no longer completely exposed to natural gas price fluctuations after adding 0.5 bcf/d of collars during the last quarter, according to Benchmark’s analysis.
The firm observed that the spread remains sufficiently wide to give Antero exposure to high gas prices while simultaneously protecting a floor price near free cash flow breakeven levels.
In other recent news, Antero Resources Corp reported its Q2 2025 earnings, showcasing a strong financial performance. The company emphasized significant debt reduction and share repurchases during this period. Despite these positive financial results, the stock experienced a decline in aftermarket trading. These developments are part of Antero Resources’ ongoing efforts to strengthen its financial position. The company’s focus on reducing debt and repurchasing shares indicates its commitment to enhancing shareholder value. Investors may find these financial strategies noteworthy as they reflect Antero Resources’ strategic priorities. The recent earnings report provides a clear picture of the company’s financial health and operational focus.
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