Antero Resources AR Business Acquisitions Pro Forma Revenue

Segments

Natural Gas Production$178.3M—

Commodity Derivative Fair Value Gains Losses$49.22M—

Natural Gas Liquids Sales$15.59M—

Oil And Condensate$2.8M—

Revenue$1.9B+43.8%

Operating income$729.5M+169%

Net income$548.2M+150%

EPS (diluted)$1.72+161%

Cash & equivalents$4.5M—

Total debt$4.8B+24.8%

Total equity$8.1B+11.7%

Total assets$15.3B+17.6%

Operating cash flow$859.1M+87.7%

CapEx$4.6M+666%

Free cash flow$854.4M+86.9%

Market cap$10.29B+4.1%

P/E10.3×-25.3×

P/S1.8×-0.4×

Operating margin22.9%+17.9pp

Net margin17.1%+11.0pp

FCF margin34.5%+11.6pp

Return on equity13.1%+9.2pp

Debt / equity0.6×+0.1×

Current ratio0.4×0.0×