Investor Presentaiton
Prudent Share Repurchase Story Since Program Inception
($MM)
$2,500
$2,000
Since the inception of the program, AR has purchased over 30 MM
shares for ~$1 Bn, or 10% of common shares outstanding
Quarterly Share Repurchase
30 MM Shares
Or 10% of total
2
shares outstanding (1)(2)
$2,105
~50%
of FCF
$1,500
$1,027
$1,000
$87
$198
$382
$500
$100
$259
$0
1Q22
2Q22
3Q22
4Q22
1Q23
Cumulative Share Cumulative Free
Repurchases (1)
Cash Flow
Note: Free Cash Flow ("FCF") is a Non-GAAP metric. Please see appendix for additional disclosures, definitions, and assumptions.
1)
| Antero Resources (NYSE: AR)
2)
The total shares purchased to date and three months ended March 31, 2022 and 2023 includes 2.5 million and 0.4 million shares of our common
stock, respectively, related to satisfying tax withholding obligations incurred upon the vesting of equity awards held by our employees.
Shares outstanding as of December 31, 2021.
11View entire presentation