Disclaimer This presentation is for informational purposes only and contains general information about the activities of Ascent Resources, LLC and certain of its subsidiaries (collectively, Ascent) that does not purport to be complete.…
Premier Utica Shale Operator NO FEDERAL LEASES DISCIPLINED RETURNS-FOCUSED APPROACH SUSTAINABLE LARGE & INDUSTRY FREE CASH DIVERSE LEADING FLOW ASSET BASE EXECUTION GENERATION 2025E Activity(1) 2025E Capital Program…
Strong First Quarter Results % ADJUSTED TOTAL PERCENT ADJUSTED D&C FREE CASH LEVERAGE PRODUCTION GAS EBITDAX CAPITAL(1) FLOW 2024 2.17 1.5 635 533 1.55x 88% bcfe/d billion million million LTM Q1 2025 2.00 430 177…
Disciplined and Durable Value Creation WORLD CLASS RESOURCE AND EXECUTION Reservoir quality, completion design and execution deliver exceptional well performance amongst the best in the U.S. 376,700 net acres, including 81,000…
Top Tier Well Performance UTICA WELL PRODUCTIVITY PER ACRE TOP 40 UTICA WELLS PER ACRE Normalized Cumulative Production 20:1, mmcfe per acre 12 Month Normalized Well Production 20:1, mmcfe per acre 0 5 10 15 20 40 Ascent Peers…
Basin Leading Operational Efficiency and Cost AVERAGE SPUD TO RIG RELEASE DAYS(1) AVERAGE FRAC STAGES PER DAY LL(2) 13,345 13,383 14,236 15,974 14,566 Lbs/Ft.(3) 1383 1502 1520 1680 2,033 15.5 15.3 14.5 14.2 14.5 14.1 13.5 12.5…
Committed to Balance Sheet Strength Strong liquidity position with greater than 1.4bn in total availability No debt maturities until November 2027 Maturity and credit profile provides significant financial flexibility DEBT…
Diversified Marketing and Transportation Portfolio FULLY-PATHED NATURAL GAS TRANSPORTATION COMMITMENTS 2.2 bcf/d of gross firm transportation provides access to multiple physical markets with premium pricing Out-of-basin takeaway…
Natural Gas and Oil Hedge Position Natural Gas bbtu/d, /mmbtu Oil mbbls/d, /bbl 1,153 3.88 8 71.12 2025 Total 2025 Total 410 3.52 x 5.85 Bal 1,633 Bal 11 3 68.33 x 78.33 70 2.79 x 4.04 x 5.42 1,005 3.81 1 70.55 2026 Total…
Leading Pure Play Natural Gas Opportunity One of the Largest World Class Exceptional Track Private Producers of Resource and Cost Record of Execution Natural Gas Structure Constructive Long- Strong Balance Disciplined Risk Term…
Appendix
2025 Guidance 2,050 2,150 mmcfe/d PRODUCTION 84% 86% natural gas Gas (0.20) (0.10) /mcf UNHEDGED Crude (9.00) (8.00) /bbl DIFFERENTIALS NGL 30% 35% of WTI OPERATING OpEx(1) 1.55 1.65/mcfe EXPENSES G&A(2) 0.09 0.11/mcfe…
Responsible & Sustainable Operations ENVIRONMENTAL SOCIAL GOVERNANCE Focused on reducing our environmental Commitment to diverse and inclusive Diverse and experienced 12 member impact and minimizing emissions organization with…
Quarterly Results Q1 2025 Production (bcfe/d) 2.00 % Natural Gas 84% LOE 0.18 GP&T 1.44 Taxes Other than Income 0.06 Total Operating Expenses 1.68 G&A(1) 0.13 Adjusted EBITDAX (mm) 430 CAPEX Incurred (mm)(2) Drilling &…
Adjusted EBITDAX Reconciliation ( in thousands) Three Months Ended March 31, 2025 2024 Net Income (Loss) (GAAP) (362,473) 85,725 Adjustments to reconcile net income (loss) to Adjusted EBITDAX: Exploration expenses 1,640 6,021…
Adjusted Free Cash Flow Reconciliation ( in thousands) Three Months Ended March 31, 2025 2024 Net Cash Provided by Operating Activities (GAAP) 359,111 368,641 Adjustments to reconcile Net Cash Provided by Operating Activities…
Net Debt & Net Debt to LTM EBITDAX Reconciliation ( in thousands) March 31, 2025 2024 Net Debt: Long-Term Debt, Net 2,273,515 2,418,175 Less: cash and cash equivalents 7,336 8,525 Net Debt(1) 2,266,179 2,409,650 Net Debt to…