April 30, 2020 - 2:30 PM EDT
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Why Antero Resources Stock Rocketed as Much as 20% on 4/30

Shares of natural gas driller Antero Resources (NYSE: AR) rose as much as 20% on April 30, hitting that peak within the first 30 minutes of trading. Although the price swooned a bit after 10 a.m., by early afternoon, it was still holding onto a mid-teens gain. Commodity prices are always an important factor for an energy company, but today's big jump was likely driven by the company's earnings.

Antero reported a first-quarter loss of $1.19 per share versus a profit of $3.17 in the prior year. Those numbers include certain one-time gains, including a large benefit in the prior year from the company's "deconsolidation" with Antero Midstream. Adjusted earnings for Antero Resources came in at a loss of $0.13 per share versus a profit of $0.31. The decline was largely driven by lower energy prices, with Antero's realized price falling 33% year over year. That was the bad news.

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Source: Motley Fool (April 30, 2020 - 2:30 PM EDT)

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