Antero Resources Corporation · NYSE:AR
Antero Resources — Corporate Update (October 2026)
6 slides from Antero Resources's corporate update, Oct 28, 2026
Slide 1: 2026 Guidance and Hedge Position
2026 Guidance and Hedge Position OCTOBER 28 , 2026
Slide 2: Legal Disclaimer
Legal Disclaimer This presentation includes “forward-looking statements.” Such forward-looking statements are subject to a number of risks and uncertainties, many of which are not under AR’s control. All statements, except for statements of historical fact, made in this presentation regarding activi
Slide 3: 4Q 2026 Guidance (Updated October 2026)
4Q 2026 Guidance (Updated October 2026) 4Q 2026 Guidance Ranges Net Production (Bcfe/d) 4.3 Natural Gas Realized Price – Expected Premium to NYMEX ($/Mcf) ($0.15) – ($0.25) Cash Production Expense ($/Mcfe) (1)(2) $2.10 – $2.20 D&C Maintenance Capital Expenditures ($MM) (3) $325 - $350 1) Includes le
Slide 4: Antero Natural Gas Hedge Position
Antero Natural Gas Hedge Position Natural Gas Weighted Average (MMBtu/d) Index Price ($/MMBtu) October – December 2026 Volumetric Production Payment Swaps (VPP) (1) 32,000 $2.63 Note: Represents hedges related to the Overriding Royalty Interest (ORRI) transaction that was completed in the second qua
Slide 5: Antero Natural Gas Hedge Position
Antero Natural Gas Hedge Position Natural Gas Weighted Average October – December 2026 Basis Hedges (MMBtu/d) Index Price ($/MMBtu) TCO 100,000 ($0.83) M2 440,000 ($0.97) Dom South 210,000 ($0.98) Natural Gas Weighted Average 2027 Basis Hedges (MMBtu/d) Index Price ($/MMBtu) TCO 75,000 ($0.78) M2 30
Slide 6: Updated Hedge Position
Updated Hedge Position Natural Gas Hedge Position (1)(2) (% of Forecast Natural Gas Production, as of July 29, 2026) 70% 62% Swaps Collars 60% 18% 50% 40% 37% 3% 30% 20% 44% 34% 10% 0% 2026 Hedges 2027 Hedges 2026 Volume Floor Ceiling 2027 Volume Floor Ceiling Collars 584 BBtu/d $3.27 $5.65 Collars