Antero Resources closed the first full quarter with the HG Energy II assets on its books, and the numbers landed the way a deliberate acquisition is supposed to land: production up a fifth to a company record above 4.1 Bcfe/d, total revenue up 20% to $1.56 billion, net income up 78% to $279 million, and adjusted EBITDAX up 57% to $595 million - all delivered into a Henry Hub gas price that was 16% lower than a year ago. The Utica Shale sale, the Martica override dissolution, and a fresh $315 million bolt-on of West Virginia Marcellus properties further reshaped the asset base mid-year, while net cash from operations of $439 million and $220 million of adjusted free cash flow before working-capital swings kept the return-of-capital program funded. The thesis that the quarter answers is whether Antero can absorb a $2.8 billion acquisition, slash cash costs by 25% over three years, and still compound production and free cash flow at the same time - and the second-quarter results argue the first half of that case has already been delivered. Stockholders' equity rose to $8.3 billion, net debt sits at 1.3x trailing-twelve-month adjusted EBITDAX, and $877 million of buyback authorization remains after the quarter's $38 million repurchase. The first full quarter with HG Energy is a clean print, and the leverage and cost trajectories support the second half of the case.