Balanced & Repeatable Capital Return Story in 2022 Increasing Share Buybacks Throughout the Year (MM) 800 730 600 382 21.5 MM 400 Shares Return of Capital Breakdown (YTD 2022) Purchased (1) 200 248 100 0 Share Buybacks:…
Largest Low Cost Inventory Antero owns the most sub-2.00/Mcf breakeven inventory in the Marcellus Marcellus Sub-2.00/Mcf Breakeven Locations 1,000 Well over 10 years of sub-2.00/Mcf breakeven locations (1) 750 500…
Organic Land Acquisitions Year-to-date, Antero has organically added over 60 premium core locations at an average cost of less than 1 MM per location, which is a 50%+ discount to the average cost of peer acquisitions over the past…
Peer-Leading Exposure To Premium Markets 2023E Basis differentials at premium indices accessible by ARs FT portfolio have improved while northeast local basis and Waha basis differentials have widened Antero Firm Transport + 2023E…
Propane Market Fundamentals Despite rising U.S. propane storage inventories, propane days of supply remains tempered and below the 5-year average U.S. Propane Inventories (MMBbls) Propane Days of Supply (Days) Propane storage has…
Global NGL Production vs. LPG Export +3% +8% U.S. AND WORLD C2+ NGL PRODUCTION GROWTH IN LPG GROWTH FORECAST FOR 2023 EXPORTS IN 2023 World C2+ NGL Production Forecast (MBbl/d) (1) U.S. Waterborne LPG Exports (MBbl/d) 14,000…
Macroeconomic Indicators Chinese economy still impacted by Global Supply Chain Pressure COVID-zero policy in 2022 but return Index is reflecting a return to to growth expected in future years normalcy - potentially positive for…
Antero Free Cash Flow Profile Free Cash Flow (MM) (1) 2023 Strip Pricing NYMEX: 5.25/MMBtu WTI: 80.00/Bbl C3+ NGLs: 40.00/Bbl 2 Bn 2023E Free Cash Flow 2.5 expected to be similar to 2022E levels (1) 2.0 2022E AND 2023E FREE…
AR Climate Targets and Progress Antero is well ahead of schedule on achieving its climate targets by 2025 Climate Targets Progress Status 50% Reduction in Methane Leak Loss (65%) to date Rate…
Industry Leading Emissions Performance Antero Resources 1 for Lowest GHG Intensity Amongst Peers Reported GHG Intensity (metric tons CO2e/Mboe) 25 20 15 10 5 0 Source: Data retrieved from 2020-2021…
Appendix 13
2022 Capital Plan and Guidance 2022 Guidance Ranges Net Production (Bcfe/d) 3.2 3.3 Net Natural Gas Production (Bcf/d) 2.2 2.25 Net Liquids Production (Bbl/d) 175,000 185,000 Natural Gas Realized Price Expected Premium to 0.30…
Basic to Diluted Shares Outstanding Reconciliation Weighted Average Shares Outstanding as of 9/30/22 BasicCommon Shares 305,343 Add: Dilutive effect of RSUs 3,041 Add: Dilutive effect of PSUs 1,486 Add: Dilutive effect of stock…
Antero Resources Adjusted EBITDAX Reconciliation Twelve Months Ended September 30, 2022 Reconciliation of net income to Adjusted EBITDAX: Net income and comprehensive income attributable to Antero Resources Corporation 2,069,860…
Free Cash Flow Reconciliation Three Months Ended September 30, 2021 2022 Net cash provided by operating activities 312,680 1,087,672 Less: Net cash used in investing activities (202,577) (243,529) Less: Proceeds from asset…
Free Cash Flow Reconciliation Nine Months Ended September 30, 2021 2022 Net cash provided by operating activities 1,184,952 2,576,057 Less: Net cash used in investing activities (505,455) (718,363) Less: Proceeds from asset…
Total Debt to Net Debt Reconciliation December 31, September 30, 2021 2022 Credit Facility 9,000 5.000% senior notes due 2025 584,635 8.375% senior notes due 2026 325,000 103,892 7.625% senior notes due 2029 584,000 415,837 5.375%…
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