DENVER (AP) _ Antero Resources Corp. (AR) on Wednesday reported a first-quarter loss of $338.8 million, after reporting a profit in the same period a year earlier.
The Denver-based company said it had a loss of $1.19 per share. Losses, adjusted for one-time gains and costs, were 13 cents per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The oil and natural gas producer posted revenue of $1.32 billion in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $996.2 million.
In the final minutes of trading on Wednesday, the company's shares hit $2.41. A year ago, they were trading at $7.49.