Antero Midstream Partners Investor Presentation Deck
Antero Resources Stand-alone Adjusted EBITDAX Per Mcfe
Stand-alone Adjusted EBITDAX per Mcfe Reconciliation (Annual)
Natural Gas, Oil, Ethane and NGL sales
Realized commodity derivative gains (losses)
Distributions from Antero Midstream
Less: WGL SJR Impact
All-In E&P Revenue
Gathering, compression, processing, and transportation
Production and ad valorem taxes
Lease operating expenses
Net Marketing Expense / (Gain)
General and administrative (before equity-based compensation)
Total E&P Cash Costs
E&P EBITDAX Margin (All-In)
Production Volumes (Bcle)
$ Millions
Natural Gas, Ol, Ethane and NGL sales
Realized commodity derivative gains (losses)
Distributions from Antero Midstream
All-In E&P Revenue
Gathering, compression, processing, and transportation
Production and ad valorem taxes
Lease operating expenses
Net Marketing Expense/ (Gain)
General and administrative (before equity-based compensation)
Total E&P Cash Costs
$
S
$
$
$
$
$
$
S
APPENDIX | DISCLOSURES & RECONCILIATIONS
2013
0.86 $
5.17 $
0.05
1.81 S
3.36 $
191
164
$
985 $
239
9
50
2014
0.37 S
5.10 $
1.46 $
0.23
368
1.741 S
136
1,877 $
537
50
2015
2.53 $
1.57 $
0.16 S
4.27 $
1.56 S
0.14
0.07
0.23
0.20
2.20 S
2.07 $
545
1.379 S
857
2,324 $
77
108
2016
2.60 S
1.48 S
0.17 S
1.70 $
0.10
0.07
2.06 $
676
1,757 S
1,003
112
2,872 $
1,146
69
51
106
3.35 $
0.26 $
0.10
1.75 $
2,751 S
3,097 $
91
94
108
1,853 S
102018
3.56 S
0.17 S
4.21 $
1.80 S
0.12
0.15
(0.27)
2.28 S
762 S
101
36
900 $
(59)
31
202018
0.42 S
0.17 S
1.79 S
0.30
0.15
248 S
768 S
39
903 $
410
3.2
69
33
569 $
302018
3.70 S
0.16 S
1.77 S
0.12
0.14
1.68 $
250
1,037 S
443
29
78
Antero
SOLDES
402018
4.05
(0.09)
0.15
1.88
0.15
0.15
296
1.197
1,216
33
742
34View entire presentation