Investor Presentaiton

Antero Resources: The "Unconstrained" E&P Company $ A Scale & Inventory 20+ Years of Premium Inventory Integrated Midstream Development Reliability & Visibility Firm Transport to LNG Fairway & Product Diversity Premier Pricing via Gas Sold to LNG Markets & Liquids Uplift Low Absolute Debt and Leverage Flexibility Allows for Greater Commodity Price Exposure Peer-Low Free Cash Flow Breakeven (1) FCF Generation + Strong Balance Sheet = Stable Cash Returns Photo of Cheat Canyon, WV. Conservation efforts supported by Antero Resources. | Antero Resources (NYSE: AR) 1) On unhedged basis. See page 10. 3

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