Antero Resources(AR) - 2022 Q3 - Earnings Call Presentation

Financial Performance & Capital Allocation - Antero increased share buybacks throughout the year, with cumulative buybacks reaching $730 million as of September 30, 2022[5] - The company anticipates 2023E Free Cash Flow to be similar to 2022E levels[50] - Antero estimates a Free Cash Flow yield of approximately 20% for both 2022E and 2023E[53] Operational Highlights & Market Positioning - Antero possesses the largest inventory of sub-$2.00/Mcf breakeven locations in the Marcellus region[9] - The company has organically added over 60 premium core locations year-to-date at an average cost of less than $1 million per location, representing a discount of over 50% compared to peer acquisitions[34] - Antero has peer-leading exposure to premium markets, with improved basis differentials at key indices accessible by its firm transport portfolio[37] Production & Pricing Guidance - Antero's 2022 net production guidance is set at 32 to 33 Bcfe/d, including 22 to 225 Bcf/d of natural gas and 175000 to 185000 Bbl/d of net liquids production[65] - The company anticipates a natural gas realized price premium of $030 to $040 per Mcf relative to NYMEX[65] Environmental Performance - Antero is ahead of schedule in achieving its climate targets by 2025[54] - Antero Resources is ranked 1 for lowest GHG intensity among its peers[60]