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Price $20.05 Change +0.36
Volume 142,724
52 Week High 23.56
52 Week Low 16.31
03/21/2018 10:21 AM ET Pricing delayed 20 minutes
February 26, 2018 Antero Resources Announces Formation of Special Committee
Antero Resources (NYSE: AR) ("Antero" or the "Company") announced today that, as part of its ongoing evaluation process disclosed in the Company's January 29, 2018 press release, the Board of Directors has formed a Special Committee comprised solely of independent directors (the "AR Special Committee") to explore, review and evaluate potential measures to address the discount in trading value.  The AR Special Committee is in the process of hiring financial and legal advisors to assist in its evaluation. Commenting on the announcement, Paul Rady, Chairman and CEO, said, "As part of our ongoing review over the past several weeks, which has included discussions with a number of our shareholders, our Board and our financial and legal advisors, our Board established a Special Committee of independent directors charged with exploring and analyzing the merits of any possible measures to enhance Antero's valuation." This release includes "forward-looking statements."  Such forward-looking...
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February 20, 2018 Antero Resources Announces Appointment of Joyce E. McConnell to the Board of Directors
Antero Resources Corporation (NYSE: AR) ("Antero" or the "Company") today announced that Joyce E. McConnell has been appointed to its board of directors (the "Board"), as a Class II director, effective as of February 20, 2018. Ms. McConnell is an independent director under the director independence standards set forth in the rules and regulations of the Securities and Exchange Commission and the applicable listing standards of the New York Stock Exchange. Ms. McConnell, a nationally recognized scholar and national and West Virginia leader, has been the Provost and Vice President of Academic Affairs at West Virginia University since 2014. She joined the West Virginia University College of Law faculty in 1995, became a full professor in 1998, and the Thomas R. Goodwin Professor of Law in 2002. She served two terms as the Associate Dean for Academic Affairs and became the Dean of the College of Law in 2008.  McConnell is also Chair of the West Virginia Chapter of The Nature Conservancy...
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February 13, 2018 Antero Resources Announces 12% Increase in Estimated Proved Reserves to 17.3 Tcfe
Antero Resources (NYSE: AR) ("Antero" or the "Company") today announced estimated reserves as of December 31 , 2017. Highlights: Proved reserves increased by 12% to 17.3 Tcfe at year-end 2017 (36% liquids), compared to year-end 2016 Pre-tax PV-10 of proved reserves at year-end 2017 was $10.8 billion at SEC pricing, including hedges Proved developed reserves increased by 23% to 8.5 Tcfe at year-end 2017, compared to year-end 2016 $0.54 per Mcfe proved developed finding and development cost for 2017 $0.37 per Mcfe future development cost for year-end 2017 proved undeveloped reserves 3P reserves increased by 18% to 54.6 Tcfe at year-end 2017 (25% liquids), compared to year-end 2016 Pre-tax PV-10 of 3P reserves at year-end 2017 was $18.4 billion at SEC pricing, including hedges Antero's estimated proved reserves at December 31, 2017 were 17.3 Tcfe, a 12% increase compared to estimated proved reserves at December 31, 2016.  Proved, probable and possible ("3P") reserves at year-end 2017...
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February 13, 2018 Antero Resources Reports Fourth Quarter and Full Year 2017 Financial and Operating Results
Antero Resources Corporation (NYSE: AR) ("Antero" or the "Company") today released its fourth quarter and full year 2017 financial and operational results.  The relevant consolidated and consolidating financial statements are included in Antero's Annual Report on Form 10-K for the year ended December 31, 2017 , which has been filed with the Securities and Exchange Commission (" SEC "). The relevant Stand-Alone E&P financial statements are also included in Antero's Form 10-K within the Parent column of the guarantor footnote (Note 18). Fourth Quarter 2017 Highlights and Updated 2018 Guidance: Net daily gas equivalent production averaged a record 2,347 MMcfe/d (27% liquids), an 18% increase over the prior year period Liquids production averaged 107,433 Bbl/d, a 24% increase over the prior year period, and contributed 41% of total product revenues (before hedging) Realized C3+ NGL price of $39.16 per barrel, which is 71% of NYMEX WTI price, before hedging Realized natural gas price...
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January 29, 2018 Antero Resources Announcement to Shareholders
Antero Resources (NYSE: AR) ("Antero" or the "Company") announced today that the Company and its Board of Directors are working with its financial and legal advisors to evaluate various potential measures to address the discount in trading value of Antero's stock relative to some of the premier U.S. large capitalization upstream independents that have a similar profile in terms of leverage, capital efficiency, production growth and free cash flow generation.  The potential measures to be evaluated include the return of capital to shareholders. Over the past several months, Antero conducted a shareholder outreach program in order to solicit feedback from its largest shareholders as to how the Company can improve its corporate governance and compensation practices.  At Antero's recent Analyst Day in New York , the Company announced its intent to redesign the 2018 compensation plan based on the feedback received in its shareholder outreach program.  Additionally, at the Analyst Day...
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January 24, 2018 Antero Resources Announces Fourth Quarter and Full Year 2017 Earnings Release Date and Conference Call
Antero Resources (NYSE: AR) ("Antero" or the "Company") announced today that the Company plans to issue its fourth quarter and full year 2017 earnings release on Tuesday, February 13, 2018 after the close of trading on the New York Stock Exchange . A conference call is scheduled on Wednesday, February 14, 2018 at 9:00 am MT to discuss the financial and operational results.  A brief Q&A session for security analysts will immediately follow the discussion of the results for the quarter.  To participate in the call, dial in at 1-888-347-8204 (U.S.), 1-855-669-9657 ( Canada ), or 1-412-902-4229 (International) and reference " Antero Resources ".  A telephone replay of the call will be available until Wednesday, February 21, 2018 at 9:00 am MT at 1-844-512-2921 (U.S.) or 1-412-317-6671 (International) using the passcode 10114470. To access the live webcast and view the related earnings conference call presentation, visit Antero's website at  The webcast will be...
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January 17, 2018 Antero Resources Hosts Analyst Day, Announces 2018 Guidance, Extends Long-Term Targets and Provides 2017 Update
Antero Resources Corporation ( NYSE: AR ) ("Antero" or the "Company") today announced its 2018 capital budget and guidance, extended long-term targets through 2022 and provided an update to 2017. Antero will also host its analyst day tomorrow, January 18, 2018 in New York City . The event will be webcast live beginning at 9:00 am ET. Interested parties may access the live audio webcast and related presentation materials on Antero's investor relations website at . 2018 Guidance and Long-Term Target Highlights Include: Net daily production is expected to average approximately 2.7 Bcfe/d in 2018, a 20% increase over 2017 levels Net daily liquids production is projected to grow 23% over 2017 volumes to 130,000 Bbl/d Stand-alone E&P Adjusted EBITDAX is expected to be $1,700-$1,800 million with consolidated Adjusted EBITDAX of $2,050-$2,150 million in 2018 Expect to fully fund 2018 stand-alone E&P drilling and completion capital with Stand-alone...
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January 8, 2018 Fitch Assigns Antero Resources First Time 'BBB-' Rating; Outlook Stable
Fitch Ratings-New York-08 January 2018: Fitch Ratings has assigned a first time Long-Term Issuer Default Rating (IDR) of 'BBB-' to Antero Resources Corporation (NYSE: AR). Fitch has also assigned a 'BBB-' rating to the senior secured credit facility and 'BBB-' to Antero's senior unsecured notes. Fitch rates the senior secured revolver pari-passu with the unsecured bonds due to the security fall away provisions in the credit agreement upon attainment of full investment grade (IG) status at the IDR level. The Rating Outlook is Stable.

Fitch views AR credit metrics and profile on a stand-alone basis and emphasizes deconsolidated financial metrics, but notes the strategic linkage of AR to Antero Midstream (AM), its midstream subsidiary. Approximately $3.4 billion in debt, excluding debt at AM, is affected by today's rating actions. The full list of rating actions follows at the end of this press release.


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