Trump meets Zelenskiy, says Putin wants war to end, mulls trilateral talks
DENVER - Michael N. Kennedy has been appointed Chief Executive Officer and President of Antero Resources Corporation (NYSE:AR) and Antero Midstream Corporation (NYSE:AM), effective Thursday, according to a press release from both companies. Antero Resources, currently valued at approximately $10 billion, has demonstrated strong financial performance with a 66% gross profit margin and is currently trading near its InvestingPro Fair Value.
Kennedy, who joined Antero in 2013, succeeds Paul M. Rady, who will transition to Chairman Emeritus. Kennedy previously served as Chief Financial Officer of Antero Resources since 2021 and as SVP-Finance for both companies since 2016. He has been a member of Antero Midstream’s Board of Directors since 2021.
The companies announced they will separate the roles of Chairman and CEO. Benjamin A. Hardesty, currently Lead Independent Director of Antero Resources, will serve as Chairman of its Board. David H. Keyte, Lead Independent Director of Antero Midstream, will become Chairman of its Board.
Additional leadership changes include Yvette K. Schultz joining Antero Midstream’s Board of Directors. Brendan E. Krueger has been named Chief Financial Officer and SVP-Finance of Antero Resources and SVP-Finance of Antero Midstream. Justin J. Agnew has been appointed Chief Financial Officer of Antero Midstream.
"I am honored to step into the roles of Chief Executive Officer and President of Antero Resources and Antero Midstream," Kennedy said in the statement. "I have worked side-by-side with Paul Rady for many years and have gained many valuable insights along the way."
Antero Resources focuses on natural gas and natural gas liquids acquisition, development and production in the Appalachian Basin. Antero Midstream owns and operates midstream gathering, compression, processing and fractionation assets in the same region.
In other recent news, Antero Resources Corp reported its financial results for the second quarter of 2025, surpassing Wall Street expectations. The company achieved an earnings per share (EPS) of $0.50, exceeding the forecasted $0.44, which represents a 13.64% positive surprise. Revenue also outperformed projections, reaching $1.3 billion compared to the anticipated $1.25 billion. These results highlight the company’s strong financial performance in the recent quarter. Additionally, the positive earnings and revenue figures have garnered attention from investors and analysts alike. While the stock price movement is not the focus here, the company’s financial achievements have been significant. These developments reflect the latest updates concerning Antero Resources Corp.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.