Ascent Resources Utica Holdings, LLC

OKLAHOMA CITY – November 04, 2026 -- Ascent Resources Utica Holdings generated $165 million of Adjusted Free Cash Flow in the third quarter of 2026 on net production of 2,190 MMcfe per day, and raised its full-year production guidance while cutting operating cost expectations.

Q3 earnings reflect a $23 million net loss but $438 million in Adjusted EBITDAX

Ascent reported a net loss of $23 million for the quarter against Adjusted Net Income of $214 million. Cash flow from operations reached $346 million. Total capital expenditures were $237 million: $190 million for drilling and completion, $40 million for land and leasehold, and $8 million in capitalized interest.

Output comprised 1,888 MMcf per day of natural gas, 12,293 Bbl per day of oil and 38,065 Bbl per day of NGLs, putting liquids at 14% of the production mix.