Investor Presentaiton
Antero Resources Adjusted EBITDAX Reconciliation
Reconciliation of net income to Adjusted EBITDAX:
Net income and comprehensive income attributable to Antero Resources Corporation
Net income and comprehensive income attributable to noncontrolling interests
Unrealized commodity derivative gains
Payments for derivative monetizations
Amortization of deferred revenue, VPP
Gain on sale of assets
Interest expense, net
Loss on early extinguishment of debt
Loss on convertible note inducement
Income tax expense
Depletion, depreciation, amortization, and accretion
Impairment of property and equipment
Exploration
Equity-based compensation expense
Equity in earnings of unconsolidated affiliate
Dividends from unconsolidated affiliate
Contract termination, transaction expense and other
Martica related adjustments
(1)
Adjusted EBITDAX
| Antero Resources (NYSE: AR) 1) Adjustments reflect noncontrolling interests in Martica not otherwise adjusted in amounts above.
Twelve
Months Ended
March 31,
2023
$
2,268,621
193,249
(1,364,022)
202,339
(35,864)
(1,406)
113,359
35,373
255
563,967
682,855
142,829
3,507
43,812
(64,830)
125,138
57,658
2,966,840
(157,012)
$
2,809,828
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