Antero Resources Corporation and Antero Midstream Corporation have announced the transition of co-founder Paul M. Rady to Chairman Emeritus, effective August 14, 2025. During his tenure, Rady has led the companies to a combined enterprise value of approximately $24.0 billion. Antero Resources, a natural gas and natural gas liquids company, holds approximately 526,000 net acres in the Appalachian Basin, with estimated proved reserves of 17.9 tcfe at year-end 2024. It produced more than 3.4 bcfe/d during the three months ended June 30, 2025, making it the fifth-largest producer of natural gas and ngls in the U.S., with a current enterprise value of approximately $12.0 billion.
Antero Midstream, formed in 2012, owns, operates, and develops midstream energy infrastructure primarily to service Antero Resources in the Appalachian Basin. As of year-end 2024, it had 413 miles of low-pressure gathering pipeline, 295 miles of high-pressure gathering pipeline, and compression capacity of 4.6 bcf/d. The company also eliminated approximately 14.4 million miles of truck traffic in 2024 using its water delivery system, consisting of 233 miles of buried water pipeline and 163 miles of surface water pipeline, and has a current enterprise value of approximately $12.0 billion.
Rady, known for his leadership and philanthropy, expressed confidence in the companies' future under the leadership of Mike Kennedy. Antero Resources and Antero Midstream are recognized as the best-positioned operators in the Appalachian Basin on a go-forward basis. As a result of these announcements, the company's shares have moved -0.25% on the market, and are now trading at a price of $18.155. Check out the company's full 8-K submission here.
