BUZZ-Street View: Brokerages upbeat on Antero’s HG Energy deal, Utica sale seen boosting scale
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Antero Resources plans to acquire HG Energy's assets for $2.8 billion and sell its Ohio Utica assets for $800 million, while Antero Midstream will buy HG's midstream assets for $1.1 billion. Analysts view these transactions positively, citing improved free cash flow and strategic synergies. Morningstar raised AR's fair value estimate to $26, and TD Cowen sees the deal as beneficial for AR's leverage and valuation. Enverus highlights the strategic rationale in strengthening AR's Marcellus position.
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