Antero Resources Co-Founder Transitions to Chairman Emeritus

By Tamara Parker • Friday, August 15 06:01 • Permanent Link

Antero Resources Corporation and Antero Midstream Corporation have announced a significant change in leadership, with co-founder Paul M. Rady transitioning to Chairman Emeritus of both companies. As the boards of directors praise Rady for his leadership and commitment to the energy industry, it's worth noting the financial achievements under his tenure.

Under Rady's leadership, the combined enterprise value of the Antero family of companies has reached approximately $24.0 billion. Antero Resources, which entered the Appalachian Basin in 2008, now holds approximately 526,000 net acres in the region and had estimated proved reserves of 17.9 trillion cubic feet equivalent (tcfe) at year-end 2024. During the three months ended June 30, 2025, the company produced more than 3.4 billion cubic feet equivalent per day (bcfe/d) and has a current enterprise value of approximately $12.0 billion.

Antero Midstream, formed by Antero Resources in 2012, had a current enterprise value of approximately $12.0 billion as of the announcement. The company's achievements include 413 miles of low-pressure gathering pipeline, 295 miles of high-pressure gathering pipeline, and compression capacity of 4.6 billion cubic feet per day (bcf/d) at year-end 2024. Notably, the company's first-in-basin water delivery system, comprising 233 miles of buried water pipeline and 163 miles of surface water pipeline, eliminated approximately 14.4 million miles of truck traffic in 2024.

As Rady steps into the role of Chairman Emeritus, he expressed confidence in the companies' future prosperity under the leadership of Mike Kennedy. Additionally, he highlighted his intention to focus on family, health, and philanthropy in his new role.

These figures and specifics illustrate the significant financial and operational accomplishments achieved under Rady's leadership, providing a clear picture of the companies' standing in the energy industry. As a result of these announcements, the company's shares have moved -0.8% on the market, and are now trading at a price of $32.12. Check out the company's full 8-K submission here.

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