Antero Resources rides wave

Marcellus gas producer has cleared much of its debt worries, painting an optimistic picture that investors are getting behind

Appalachian-focused gas producer Antero Resources has been one of the biggest beneficiaries of the rise in gas prices this year. The company’s share price has soared by c.365pc since last July, outperforming industry stalwarts EQT Corporation, ExxonMobil, Cabot Oil & Gas and Southwestern Energy. But there are other factors at play beyond just better market fundamentals. The fourth-largest domestic US gas player has a direct advantage over the competition from many perspectives. The company’s total debt stands at $2.57bn, more than Cabot and Pennsylvania-based CNX Resources but significantly less than Southwestern Energy, Range Resources and EQT. The Marcellus producer cut $800mn from its