U.S. Markets open in 5 hrs 56 mins

Antero Resources: 1Q Earnings Snapshot

DENVER (AP) _ Antero Resources Corp. (AR) on Wednesday reported first-quarter net income of $14.8 million.

The Denver-based company said it had profit of 5 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 43 cents per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.

The oil and natural gas producer posted revenue of $1.04 billion in the period. Its adjusted revenue was $1.21 billion, topping Street forecasts. Six analysts surveyed by Zacks expected $1.16 billion.

Antero Resources shares have decreased 24% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $7.13, a decline of 63% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AR at https://www.zacks.com/ap/AR