Antero Resources: A Tale Of LNG Export Growth & Increased Demand at Plaquemines Terminal!

Antero Resources recently reported its second-quarter results for 2025, revealing a mix of positive and negative developments that reflect its operational strategies and market dynamics. On the positive side, Antero Resources has achieved notable improvements in capital efficiency, managing to increase its production guidance while reducing capital expenditures. This improvement is underscored by a 26% decline in maintenance capital requirements from $900 million to $663 million since 2023. Antero’s capital efficiency position is further enhanced by having the lowest maintenance capital per Mcf equivalent among its peers, which is 27% below the peer average. Additionally, the company has strategically added natural gas costless collars for 2026, hedging approximately 20% of expected natural gas volumes and thus allowing for downside protection while maintaining upside exposure to rising natural gas prices. This strategic hedging lowers Antero’s free cash flow breakeven for 2026 to $1.75 per Mcf.