US Natural Gas Rally Lifted Antero Resources Corporation (AR) in Q1 Soumya Eswaran May 14, 2026 3 min read ^GSPC AR Aristotle Capital Management, LLC, an investment management company, released its "Core Equity Fund" first-quarter 2026 investor letter. A copy of the letter can be downloaded here. During the first quarter, the U.S. equity market declined, with the S&P 500 Index falling by 4.33%.
The fixed-income sector also saw a downturn; the Bloomberg U.S. Aggregate Bond Index fell by 0.05%. In the quarter, the Fund (Class I-2) posted a total return of -4.45%, compared to the S&P 500 Index's -4.33% return.
The Fund's underperformance in the quarter was driven by the allocation effect, while security selection contributed positively. In this environment, the Fund continues to focus on companies experiencing secular tailwinds or robust product-driven cycles. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Aristotle Core Equity Fund highlighted Antero Resources Corporation (NYSE:AR) as a leaning performance contributor. Headquartered in Denver, Colorado, Antero Resources Corporation (NYSE:AR) is an oil and natural gas development and exploration company. On May 13, 2026, Antero Resources Corporation (NYSE:AR) closed at $36.74 per share.
One-month return of Antero Resources Corporation (NYSE:AR) was -1.64%, and its shares lost 8.34% over the past 52 weeks. Antero Resources Corporation (NYSE:AR) has a market capitalization of $11.38 billion. Aristotle Core Equity Fund stated the following regarding Antero Resources Corporation (NYSE:AR) in its Q1 2026 investor letter: "Antero Resources Corporation (NYSE:AR) contributed to performance in the first quarter due to higher price levels for U.S. natural gas caused by cold winter weather temperatures, as well as increasing demand from AI data center power needs.
Late in the quarter, Antero also benefited from a geopolitically driven natural gas price spike as Middle East supply disruptions pushed global liquified natural gas (LNG) buyers toward U.S. The company continues to demonstrate strong fundamentals, with strong free cash flow generation and a de-levered balance sheet." Wells Fargo Initiates Coverage on Canadian Natural (CNQ) with Equal Weight Rating, C$47 Target Antero Resources Corporation (NYSE:AR) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 73 hedge fund portfolios held Antero Resources Corporation (NYSE:AR) at the end of the fourth quarter, up from 70 in the previous quarter.
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