DENVER (AP) — DENVER (AP) — Antero Resources Corp. (AR) on Wednesday reported first-quarter profit of $36.3 million.
The Denver-based company said it had net income of 12 cents per share. Earnings, adjusted for non-recurring gains, were 7 cents per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The oil and natural gas producer posted revenue of $1.12 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $1.08 billion.