NYSE:AROil and Gas
Antero Resources Utica Sale Reshapes Portfolio And Debt Profile For Investors
Antero Resources (NYSE:AR) has completed the sale of substantially all of its Utica Shale oil and gas assets.
The company is using the proceeds to redeem a significant portion of its outstanding senior notes and reduce debt.
The transaction marks a major shift in Antero's portfolio and balance sheet structure.
Antero Resources, trading at $34.38, has seen mixed share performance, with a 1.9% decline over the past week, flat returns over 30 days, and a 0.5% gain year to date. Over longer...