Antero Midstream Partners Investor Presentation Deck
Legal Disclaimer
This presentation includes "forward-looking statements.” Such forward-looking statements are subject to a number of risks and
uncertainties, many of which are beyond AR's control. All statements, except for statements of historical fact, made in this
presentation regarding activities, events or developments AR expects, believes or anticipates will or may occur in the future, such
as 2019 and long-term financial and operational outlook, the expected sources of funding and timing for completion of the share
repurchase program if at all, impacts of hedge monetizations, the expected consideration to be received in connection with the
closing of the Transaction, the timing of the consummation of the Transaction, if at all, impacts of natural gas price realizations,
AR's expected ability to return capital to investors and targeted leverage metrics, AR's estimated unhedged EBITDAX multiples,
future plans for processing plants and fractionators, AR's estimated production and the expected impact of Mariner East 2 on AR's
NGL pricing, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. All forward-looking statements speak only as of the date of this presentation. Although AR
believes that the plans, intentions and expectations reflected in or suggested by the forward-looking statements are reasonable,
there is no assurance that these plans, intentions or expectations will be achieved. Therefore, actual outcomes and results could
materially differ from what is expressed, implied or forecast in such statements.
AR cautions you that these forward-looking statements are subject to all of the risks and uncertainties, most of which are difficult to
predict and many of which are beyond the AR's control, incident to the exploration for and development, production, gathering and
sale of natural gas, NGLs and oil. These risks include, but are not limited to, commodity price volatility, inflation, lack of availability
of drilling and production equipment and services, environmental risks, drilling and other operating risks, regulatory changes, the
uncertainty inherent in estimating natural gas and oil reserves and in projecting future rates of production, cash flow and access to
capital, the timing of development expenditures, and the other risks described under the heading "Item 1A. Risk Factors" in AR's
Annual Report on Form 10-K for the year ended December 31, 2018.
Antero
Nachts
This presentation includes certain financial measures that are not calculated in accordance with U.S. generally accepted
accounting principles ("GAAP"). These measures include (i) Consolidated Adjusted EBITDAX, (ii) Stand-alone Adjusted
EBITDAX, (iii) Stand-alone Adjusted Operating Cash Flow, (iv) Free Cash Flow. Please see "Antero Definitions" and "Antero Non-
GAAP Measures for the definition of each of these measures as well as certain additional information regarding these measures,
including the most comparable financial measures calculated in accordance with GAAP.
Antero Resources Corporation is denoted as "AR" in the presentation, Antero Midstream Partners LP is denoted
as "AM" and Antero Midstream GP LP is denoted as "AMGP", which are their respective
New York Stock Exchange ticker symbols.
ANTERO RESOURCES | FEBRUARY 2019 PRESENTATION
3View entire presentation