Antero Resources CorpRevenues up 22.7% but 3% below estimates, weakest performer among peers.
EQT reported second-quarter revenues of $1.68 billion, up 5.2% year on year but 3.3% below analysts' expectations, in a mixed quarter that included an EBITDA beat and a significant EPS miss. Among the six upstream natural gas E&P stocks tracked, BKV was the best performer with revenues of $465.5 million, up 44.6% year on year and 27.4% above consensus, while Antero Resources was the weakest with revenues of $1.48 billion, up 22.7% but 3% below estimates. CNX Resources posted revenues of $461.2 million, down 3.7% year on year and 3.6% below expectations, and Range Resources reported revenues of $736.7 million, up 5.4% and 1.8% above consensus. As a group, the six companies beat revenue estimates by 1.1%, and their shares have risen 9% on average since reporting.
Antero Resources CorpRevenues up 22.7% but 3% below estimates, weakest performer among peers.
CNX Resources CorpRevenues down 3.7% and 3.6% below expectations.
Range Resources CorpRevenues up 5.4% and 1.8% above consensus.
EQT CorporationRevenues up 5.2% but 3.3% below estimates, with significant EPS miss.
BKV CorporationRevenues up 44.6% and 27.4% above consensus, best performer.