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Antero Resources widens Q2 adjusted net loss

Appalachian shale driller Antero Resources Corp. on July 31 reported an adjusted net loss of $66.0 million, or a loss of 21 cents per share, for the second quarter, compared to a net loss of $1.7 million, or a loss of 1 cent per share, a year earlier.

The S&P Global Market Intelligence consensus normalized earnings estimate for the second quarter was a loss of 13 cents per share.

Net income attributable to Antero totaled $42.2 million, against a loss of $136.4 million a year ago. Antero said revenue came in at $1.30 billion in the second quarter, compared to $989.3 million a year earlier.

Antero said production came to 3,226 MMcfe/d in the second quarter, beating the 2,520 MMcfe/d recorded in the second quarter a year ago.