#United States #Oklahoma City #Natural Gas #Ascent Resources #oil production

Ascent Resources Reports Impressive Q3 2025 Results

Ascent Resources Utica Holdings, LLC, a leading natural gas and oil producer in the United States, has announced its operating and financial results for the third quarter of 2025. The company continues to demonstrate resilient performance amidst fluctuating market conditions.

Production Highlights

In Q3 2025, Ascent achieved a net production average of 2,247 million cubic feet equivalent (mmcfe) per day. This impressive figure includes 1,900 mmcf of natural gas, 16,130 barrels of oil, and 41,652 barrels of natural gas liquids (NGL), marking liquids production at 15% of their overall production. The company realized that pre-hedge natural gas equivalent prices averaged $3.13, reflecting a premium of $0.06 over the NYMEX natural gas prices.

Financial Performance

Ascent's strong operational execution is evident in their financial results for the quarter, reporting net income of $328 million and adjusted net income of $206 million. Their adjusted EBITDAX was recorded at $443 million, while cash flows from operations totaled $479 million, demonstrating continued strength in financial health.

Additionally, Ascent reported adjusted free cash flow reaching $222 million, allowing for continued investment and capital management strategies. Notably, the company successfully reduced debt by $120 million, showcasing prudent financial management amidst the volatile energy market.

Strategic Outlook

Jeff Fisher, Chairman and CEO of Ascent, emphasized the company’s strategy to improve operational efficiencies and reduce costs. He pointed to the promising outlook fueled by a tighter natural gas market that positions Ascent well against unpredictable market fluctuations. Fisher expressed confidence in the company’s operational excellence and ability to create long-term value for stakeholders.

Updated Guidance for 2025

Ascent also issued updated guidance for the year, revising production estimates to between 2,050 and 2,150 mmcfe/d, with a focus on maintaining a high percentage of natural gas in their production mix. The guidance reflects the company's commitment to adapting to market conditions while expanding operational activities.

Operational Developments

The quarter saw Ascent spud 12 operated wells, with ongoing hydraulic fracturing and turn-in-line activities bolstering their production capabilities. As of September 30, 2025, Ascent actively operated 972 gross producing wells located in the productive Utica play.

Conclusion

Overall, Ascent Resources has solidified its position as a frontrunner in the energy sector with resilient production and impressive financial gains in Q3 2025. The company's strategy to navigate market conditions, along with their robust operational framework, sets a promising stage for future growth and success in the natural gas and oil landscape.