#United States #Oklahoma City #Oklahoma #Ascent Resources #Utica Shale

Ascent Resources Reports Impressive Second Quarter Financial Performance

Ascent Resources Utica Holdings, LLC recently released its financial and operational results for the second quarter of 2025, showcasing an impressive net production average of 2,034 mmcfe per day. Notably, liquids production constituted 15% of the total production, reflecting the company's diverse resource portfolio. This growth is backed by substantial cash flows from operations amounting to $407 million and an adjusted EBITDAX of $406 million, highlighting Ascent's strong financial health and operational efficiency.

Key Highlights from Q2 2025

In Q2 2025, Ascent generated significant income, reporting a net income of $467 million, which is a remarkable rebound from the previous year's performance. The company achieved an adjusted net income of $186 million and an adjusted free cash flow of $112 million. These figures indicate robust financial management and a strategic focus on capital efficiency.

Moreover, Ascent successfully issued $500 million in new senior notes with a lower yield of 6.625% due in 2033. This revenue was mainly allocated to refinance existing higher-interest debt, demonstrating Ascent’s commitment to optimizing its capital structure and reducing interest expenses.

Operational Excellence

CEO Jeff Fisher noted that the company's operational performance was exceptional. The efficient drilling and completion practices allowed them to lower their direct cost below the $700 target, a key efficiency milestone that reflects the team’s dedication to improving productivity.

In the second quarter alone, Ascent operated 15 spud wells, performed hydraulic fracturing on 22 wells, and turned in-line 24 wells, achieving an impressive average lateral length of 17,238 feet. Ascent has a total of 954 gross operated producing Utica wells, reinforcing its position as one of the largest natural gas producers in the region.

Sustainable Practices

In addition to financial and operational milestones, Ascent Resources continues to lead in sustainability initiatives. The company has received a Grade A certification on 100% of its natural gas production from MiQ for the fourth consecutive year. Their commitment to reducing environmental impact while delivering affordable and cleaner energy is evident through their seventh Annual Sustainability Report.

Looking Ahead

With a strong hedge book in place, Ascent aims to maximize margins while ensuring sustainable free cash flow generation. As they transition into the second half of 2025, the company is poised to leverage efficiencies gained in the first half and continue driving long-term value for stakeholders. Ascent remains committed to operational excellence, financial responsibility, and proactive community engagement as it navigates the future of energy production.

For further insights and detailed financial data, interested stakeholders can refer to the investor section on Ascent’s website Ascent Resources Investors.