DENVER (AP) _ Antero Resources Corp. (AR) on Tuesday reported a fourth-quarter loss of $485.8 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Denver-based company said it had a loss of $1.55. Earnings, adjusted for one-time gains and costs, were 22 cents per share.
The results topped Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.
The oil and natural gas producer posted revenue of $156.2 million in the period. Its adjusted revenue was $887.9 million, which also beat Street forecasts. Six analysts surveyed by Zacks expected $797.9 million.
For the year, the company reported a loss of $848.8 million, or $2.88 per share, swinging to a loss in the period. Revenue was reported as $3.16 billion.
Antero Resources shares have risen slightly more than 1 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $23.98, a climb of roughly 5 percent 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
Keywords: Antero Resources, Earnings Report