Antero Resources Q2 EPS $(0.28) Misses $(0.25) Estimate, Sales $953.30M Beat $948.90M Estimate
Portfolio Pulse from Bill Haddad
Antero Resources (NYSE:AR) reported Q2 losses of $(0.28) per share, missing the analyst consensus estimate of $(0.25) by 12 percent. This is a 116.67 percent decrease from last year's earnings. However, the company's quarterly sales of $953.30 million beat the analyst consensus estimate of $948.90 million by 0.46 percent, despite a 56.71 percent decrease from last year.
July 26, 2023 | 8:19 pm
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Antero Resources reported a larger than expected Q2 loss but beat sales estimates. Earnings and sales both decreased significantly YoY.
Antero Resources reported a larger than expected loss for Q2, which is likely to negatively impact investor sentiment and potentially the stock price. However, the company did beat sales estimates, which could offset some of the negative impact. The significant YoY decreases in both earnings and sales could also negatively affect the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100