Antero Resources Q2 Results Miss View - Quick Facts

(RTTNews) - Antero Resources Corp. (AR) reported second-quarter net loss of $42.29 million or $0.16 per share, compared to net income of $131.19 million or $0.50 per share in the comparable quarter last year.

Net loss from continuing operations was $44.50 million or $0.17 per share, compared to net income from continuing operations of $131.19 million or $0.50 per share in the same period last year.

Excluding items, adjusted net income from continuing operations for the quarter was $76.18 million or $0.29 per share, compared to $23.49 million or $0.09 per share in the prior-year period.

Revenue for the quarter declined to $311.34 million from $387.14 million in the year-ago period. Adjusted net revenue was $436.06 million, compared to $205.81 million in the prior-year period.

On average, analysts polled by Thomson Reuters expected the company to earn $0.37 per share for the quarter on revenue of $457.28 million for the quarter. Analysts' estimates typically exclude special items.

Net production for the quarter averaged a company record 891 MMcfe/d, up 94 percent from the year-ago quarter.