DENVER (AP) _ Antero Resources Corp. (AR) on Wednesday reported a loss of $15.5 million in its first quarter.
The Denver-based company said it had a loss of 5 cents per share. Earnings, adjusted for one-time gains and costs, were 62 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.
The oil and natural gas producer posted revenue of $1.2 billion in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $1.22 billion.
Antero Resources shares have climbed 87% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $10.17, more than quadrupling in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AR at https://www.zacks.com/ap/AR