TOP TIER DISTRIBUTION GROWTH Antero Midstream is targeting 28% to 30% annual distribution growth through 2017 AM has delivered on those targets with DCF coverage of 1.8x in the fourth quarter 2015 Distribution Per Unit (Left Axis) DCF…
2016 CAPITAL BUDGET Antero Midstreams 2016 initial capital budget is 435 million, a 3% increase from 2015 capital expenditures of 423 million 423 Million 2015(1) 435 Million 2016 By Segment (MM) By Segment (MM) 13 25 55 6 3%…
STRONG BALANCE SHEET AND FLEXIBILITY Antero Resources (NYSE:AR) Antero Midstream (NYSE:AM) 12/31/2015 Debt Liquid Non-E&P Assets 12/31/2015 Debt Liquid Assets Debt Type MM Asset Type MM Debt Type MM Asset Type MM Credit facility 707…
AR SINGLE WELL ECONOMICS DRIVE VALUE CREATION At 12/31/2015 strip pricing, Antero has 2,227 locations with well economics that exceed a 12/31/15 NYMEX Strip Pricing - Before Hedges 20% rate of return (excluding hedges) 12/31/15 Strip…
ANTERO CREDIT QUALITY AFFIRMED AT Ba2/BB Amidst the sector wide re-rating of the Energy Sector, Antero recently received affirmed ratings of Ba2 / BB from Moodys and S&P Of the 21 public US Baa/Ba E&P issuers reviewed by Moodys and…
ANTEROS FIRST UTICA DRY GAS WELL Antero recently drilled and completed its first dry gas Utica well in IP / 1,000 Lateral (MMcf/d) Range EQT CNX Tyler County, WV (Rymer 4HD) 5.0 10.0 Claysville SC 11H Scotts Run Gaut 4IH 11,409…
HEDGING UNDEVELOPED PRODUCTION Antero has hedged a significant portion of its forecasted undeveloped production stream from wells yet to be drilled at prices well above current strip pricing, including virtually all of its undeveloped…
ANTERO MIDSTREAM EBITDA RECONCILIATION EBITDA Reconciliation Reconciliation of Net Income to Adjusted EBITDA Three months ended Year ended and DCF (Dollars in thousands): December 31, December 31, 2014 2015 2014 2015 Net income…
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