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Keenan W. Howard Jr., a director at Antero Resources Corp. (NYSE:AR), recently sold a significant portion of the company’s stock. The $12.3 billion energy company has seen its shares surge 54% over the past year, currently trading near its 52-week high of $41.53. According to InvestingPro analysis, the stock appears to be trading above its Fair Value. According to a recent SEC filing, Howard sold a total of 900,000 shares over two days, with transactions occurring on February 18 and 19. The shares were sold at a weighted average price range between $39.7628 and $40.5655 per share, totaling approximately $36.35 million.
Following these transactions, Howard holds 1,100,000 shares indirectly and 363,309 shares directly in Antero Resources. The sales were conducted through Yorktown Energy Partners VIII, L.P., where Howard holds a managerial position.
In other recent news, Antero Resources Corp reported a significant earnings surprise for the fourth quarter of 2024, with earnings per share (EPS) reaching $0.48, surpassing analyst expectations of $0.31. However, the company’s revenue slightly missed forecasts, coming in at $1.17 billion compared to the anticipated $1.18 billion. Despite the revenue miss, Antero Resources demonstrated strong operational performance, attributed to improved drilling efficiency and higher production levels. The company produced 3.4 billion cubic feet equivalent per day, exceeding initial guidance by 2%. Looking ahead, Antero Resources projects over $1.6 billion in free cash flow for 2025, with plans to reduce debt by approximately $500 million. Analyst firms have not provided new ratings, but the company’s strategic focus on operational efficiency and cash flow generation has been highlighted. Additionally, executives have emphasized the minimal impact of potential steel tariffs and the company’s robust position in the Marcellus Shale. These recent developments reflect Antero Resources’ commitment to maintaining a lean operational structure and enhancing its financial strength.
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