AR ANTERO RESOURCES Corp
Price Chart
Executive Summary
Two Antero Resources insiders (CEO Michael Kennedy and an officer) sold a combined $8.24M in open-market sales on May 4, 2026, just five days after the company reported record Q1 production and strong earnings. The sales represent ~0.07% of the $12B market cap, which is trivial in relative terms. While the cluster follows a strong earnings beat and raised guidance, the insider selling is routine in magnitude and does not signal a material negative view.
Key Financial Metrics
Actionable Insight
The insider selling is routine in scale and follows a strong earnings report with record production and raised guidance. No bearish signal — treat as noise. Monitor for any acceleration in insider selling volume in coming weeks, but no immediate action warranted.
Key Facts
- CEO Michael Kennedy sold 170,740 shares for $6.71M at $39.31 on May 4, 2026.
- Officer Yvette K. Schultz sold 38,941 shares for $1.53M at $39.26 on May 4, 2026.
- Total insider sales of $8.24M represent ~0.07% of AR's $12B market cap.
- Sales occurred 5 days after Q1 2026 earnings: record production of 3.9 Bcfe/d (+13% YoY), net income of $535M, and Adjusted EBITDAX of $723M (+32% YoY).
- Company raised full-year guidance: ethane premium increased to $2.00-$3.00/Bbl and cash production expense guidance lowered to $2.25-$2.35/Mcfe.
- No insider purchases were reported in the cluster.
Financial Impact
Total insider sales of $8.24M, which is 0.07% of market cap — economically trivial.
Risk Factors
- Insider selling could increase if stock continues to rally, but current level is immaterial.
- Commodity price volatility (natural gas, NGLs) remains the primary risk to AR's earnings trajectory.
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-AR-1777945441543 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 12, 2026
28d ago
|
8-K
| $36.19 $38.36 | ▲ +6.01% | ▲ +5.93% | $35.52 (−1.84%) |
|
May 4, 2026
5w ago
|
144
| $39.00 $36.19 | ▼ −7.21% | ▼ −9.19% | $35.52 (−8.91%) |
|
May 4, 2026
5w ago
|
Insider Cluster
| $39.45 $36.46 | ▼ −7.58% | ▼ −10.52% | $35.52 (−9.95%) |
|
Apr 20, 2026
7w ago
|
Court Ruling
| $36.55 $38.08 | ▲ +4.19% | ▲ +3.27% | $35.52 (−2.80%) |
US Market Status
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