Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2021, it had approximately 502,000 net acres in the Appalachian Basin; and 174,000 net acres in the Upper Devonian Shale. The company also owned and operated 494 miles of gas gathering pipelines in the Appalachian Basin; and 21 compressor stations. It had estimated proved reserves of 17.7 trillion cubic feet of natural gas equivalent, including 10.2 trillion cubic feet of natural gas; 718 million barrels of assumed recovered ethane; 501 million barrels of primarily propane, isobutane, normal butane, and natural gasoline; and 36 million barrels of oil. The company was formerly known as Antero Resources Appalachian Corporation and changed its name to Antero Resources Corporation in June 2013. Antero Resources Corporation was founded in 2002 and is headquartered in Denver, Colorado.

Antero Resources Corporation

Revenue

EBIT

EBITDA

CapEx

Net Interest Income

Assets

Adjusted EBITDA

Gross Profit

Adjusted Net Income

Net Revenue

Net Income

Average Assets

Adjusted EBIT

Adjusted Revenue

Adjusted EBT

Adjusted Funds From Operations

Exploration and Production Operating Income

Exploration and Production Operating Income % Chg.

Exploration and Production Operating Income Common Size

Marketing Operating Income

Marketing Operating Income % Chg.

Marketing Operating Income Common Size

Equity Method Exploration Investment in Antero Investment Operating Income

Equity Method Exploration Investment in Antero Investment Operating Income % Chg.

Equity Method Exploration Investment in Antero Investment Operating Income Common Size

Eliminations from Operating Income

Eliminations from Operating Income % Chg.

Eliminations from Operating Income Common Size

Other EBIT

Other EBIT % Chg.

Other EBIT Common Size

Total EBIT

Total EBIT Common Size

Total EBIT % Chg.

Natural Gas Production Volume (Bcf)

Natural Gas Production Volume (Bcf) % Chg.

C2 Ethane Production Volume (MBbl)

C2 Ethane Production Volume (MBbl) % Chg.

C3 & NGLs Production Volume (MBbl)

C3 & NGLs Production Volume (MBbl) % Chg.

Oil Production Volume (MBbl)

Oil Production Volume (MBbl) % Chg.

Combined Production Volume (Bcfe)

Combined Production Volume (Bcfe) % Chg.

Daily Combined Production Volume (MMcfe/d)

Daily Combined Production Volume (MMcfe/d) % Chg.

Key Performance Indicators

Natural Gas Sales

Natural Gas Sales % Chg.

Natural Gas Sales Common Size

Natural Gas Liquids Sales (Ethane)

Natural Gas Liquids Sales (Ethane) % Chg.

Natural Gas Liquids Sales (Ethane) Common Size

Natural Gas Liquids Sales (C3 & NGLs)

Natural Gas Liquids Sales (C3 & NGLs) % Chg.

Natural Gas Liquids Sales (C3 & NGLs) Common Size

Oil Sales

Oil Sales % Chg.

Oil Sales Common Size

Marketing Revenue

Marketing Revenue % Chg.

Marketing Revenue Common Size

Other Product Revenue

Other Product Revenue % Chg.

Other Product Revenue Common Size

Income from Derivatives, Deffered Revenue and Other Sources

Income from Derivatives, Deffered Revenue and Other Sources % Chg.

Income from Derivatives, Deffered Revenue and Other Sources Common Size

Other Revenue

Other Revenue % Chg.

Other Revenue Common Size

Total Revenue

Total Revenue Common Size

Total Revenue % Chg.

Exploration and Production Revenue

Exploration and Production Revenue % Chg.

Exploration and Production Revenue Common Size

Equity Method Exploration Investment in Antero Investment Revenue

Equity Method Exploration Investment in Antero Investment Revenue % Chg.

Equity Method Exploration Investment in Antero Investment Revenue Common Size

Eliminations from Revenue

Eliminations from Revenue % Chg.

Eliminations from Revenue Common Size

Revenue	LTM	Dec '24	Dec '23
Natural Gas Sales	2,643.4	1,818.3	2,192.3
Natural Gas Liquids Sales (Ethane)	347.1	275.1	250.1
Natural Gas Liquids Sales (C3 & NGLs)	1,721.2	1,791.9	1,586.8
Oil Sales	164.5	230	247.1
Marketing Revenue	128.2	179.1	206.1
Other Product Revenue	1.1	1.1	0.6
Income from Derivatives, Deffered Revenue and Other Sources	27.4	30.1	198.8
Other Revenue	—	—	—
Total Revenue	5,032.9	4,325.6	4,682

Revenue	LTM	Dec '24	Dec '23
Marketing Revenue	128.2	179.1	206.1
Exploration and Production Revenue	4,904.8	4,146.5	4,475.9
Equity Method Exploration Investment in Antero Investment Revenue	1,178.9	1,106.2	1,041.8
Eliminations from Revenue	-1,178.9	-1,106.2	-1,041.8
Other Revenue	—	—	—
Total Revenue	5,032.9	4,325.6	4,682

EBIT	LTM	Dec '24	Dec '23
Exploration and Production Operating Income	667.5	66.3	498.9
Marketing Operating Income	-69.8	-65.8	-102.6
Equity Method Exploration Investment in Antero Investment Operating Income	721.9	659.2	611.9
Eliminations from Operating Income	-721.9	-659.2	-611.9
Other EBIT	56.7	0.9	-0.4
Total EBIT	654.4	1.3	395.8

Key Performance Indicators	LTM	Dec '24	Dec '23
Natural Gas Production Volume (Bcf)	796	793	815
C2 Ethane Production Volume (MBbl)	30,692	30,391	24,657
C3 & NGLs Production Volume (MBbl)	41,895	42,434	41,927
Oil Production Volume (MBbl)	2,993	3,693	3,874
Combined Production Volume (Bcfe)	1,249	1,252	1,238
Daily Combined Production Volume (MMcfe/d)	—	3,421	3,392