Investor Presentaiton
Antero Resources Adjusted EBITDAX Reconciliation
Three Months Ended March 31,
2022
2023
Reconciliation of net income (loss) to Adjusted EBITDAX:
Net income (loss) and comprehensive income (loss) attributable to Antero Resources
Corporation
$
(156,419)
213,431
Net income (loss) and comprehensive income (loss) attributable to noncontrolling interests
(18,277)
47,771
Unrealized commodity derivative (gains) losses
725,994
(342,799)
Payments for derivative monetizations
202,339
Amortization of deferred revenue, VPP
Loss (gain) on sale of assets
Interest expense, net
Loss on early extinguishment of debt
Loss on convertible note inducement
Income tax expense (benefit)
Depletion, depreciation, amortization and accretion
Impairment of property and equipment
Exploration expense
Equity-based compensation expense
Equity in earnings of unconsolidated affiliate
Dividends from unconsolidated affiliate
Contract termination, transaction expense and other
(9,272)
(7,533)
1,786
(91)
37,713
25,700
10,654
86
(53,092)
62,183
170,832
168,460
22,462
15,560
898
754
4,649
13,018
(25,178)
(17,681)
31,285
31,285
48
32,418
744,083
444,901
Martica related adjustments (1)
Adjusted EBITDAX
(37,201)
(31,132)
$
706,882
413,769
| Antero Resources (NYSE: AR) 1) Adjustments reflect noncontrolling interests in Martica not otherwise adjusted in amounts above.
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