Antero Resources Corporation · NYSE:AR
Antero Resources — GO WV Summer Meeting Greenbrier (July 2026)
14 slides from Antero Resources's conference presentation, Jul 30, 2026
Slide 1: West Virginia's Largest Energy Producer: Making a Positive Impact in West Virginia
West Virginia’s Largest Energy Producer: Making a Positive Impact in West Virginia AUGUST 2026
Slide 2: Antero at a Glance – Upstream and Midstream
Antero at a Glance – Upstream and Midstream NYSE: AR NYSE: AM ~$14 Billion Enterprise Value ~$14 Billion Enterprise Value Investment Grade Rated S&P 400 Member #1 Producer in WV #1 Midstream Provider in WV $23 Billion Capital Invested in WV $6 Billion Capital Invested in WV Largest E&P IPO – 2013 La
Slide 3: Progress Update Since Our Last Greenbrier Conference
Progress Update Since Our Last Greenbrier Conference 2023 Now Variance States Operated In: 2 1 (50%) Net Acreage: 440,000 850,000 +93% Producing Wells: 1,200+ 1,500+ +25% 1,800+ 3,000+ Future Locations: +67% (20 Years) (30 Years) Net Production: 3.2 Bcfe/d 4.5 Bcfe/d +41% Total Capital Invested: $16
Slide 4: West Virginia Production
West Virginia Production Antero’s Growth Has Boosted West Virginia to the #5 Natural Gas Producing State in the U.S. Rest of West Virginia Antero Production (Bcfe/d) 10.0 ~10 Bcfe/d 8.0 4.5 Bcfe/d = Antero is the ~45% of WV Antero Enters Largest Producer West Virginia Production 6.0 in West Virginia
Slide 5: West Virginia Production
West Virginia Production Antero’s Share of West Virginia Energy Production Has Grown by 8% Since Last Conference (Bcf/d) ~10 Bcfe/d 10.0 100% 9.0 ~8 Bcfe/d Antero Is the80% 8.0 4.5 Bcfe/d Largest Producer in West Virginia 7.0 45% 60% 6.0 3.2 Bcfe/d 5.0 37% 4.5 Bcfe/d =40% 4.0 ~45% of WV Production20
Slide 6: Antero Is the #1 Producer in West Virginia
Antero Is the #1 Producer in West Virginia Total Production Liquids Production (Bcfe/d) (MBbl/d) 4.5 • Antero: ~45% of West Virginia’s Total 213 • Antero: ~51% of West Virginia’s Production natural gas liquids production • Antero produces more natural gas equivalent • Antero produces more natural ga
Slide 7: Doubling Down on West Virginia with Largest Acquisition EVER
Doubling Down on West Virginia with Largest Acquisition EVER Antero is now a pure West Virginia operator with its recent $4 billion acquisition and sale of its Ohio Utica assets Transaction Highlights HG Acquisition Map ACREAGE • 850 MMcfe/d of net production ANTERO HG PIPELINES HG GATHERING • 385,0
Slide 8: Impact in West Virginia Communities Since Last Conference
Impact in West Virginia Communities Since Last Conference Lease & Royalty Payments West Virginia Taxes Paid ($ Bn) ($ Bn) $12.0 $2.0 $1.8 $9.7 $10.0 $1.5 $8.0 $1.2 $5.6 $6.0 $1.0 $4.0 $0.5 $2.0 $0.0 $0.0 2023 Current 2023 Current Roads and Bridges Antero Foundation & Giving ($ MM) ($ MM) $220 $210 $
Slide 9: Partnering with West Virginia Property Owners
Partnering with West Virginia Property Owners Economic Benefits Since Inception $9.7 Billion 17,000+ Paid in Lease & WV Residents Royalty Payments Benefitted HG Acquisition 9
Slide 10: Large Tax Revenue Generation
Large Tax Revenue Generation Antero Is the Largest Taxpayer in West Virginia, Paying over $170 MM in Taxes in 2025 2025 Total WV State Tax Breakdown Other Antero Paid Oil & Gas $170 Million Operators in Property & 60% Antero Severance Taxes 40% in 2025 Antero Paid $1.8 Billion in Property & Severanc
Slide 11: West Virginia Students Directly Benefitted by Antero
West Virginia Students Directly Benefitted by Antero Since 2010, Counties Where Antero Operates Saw Tax Spend per Student Increase by Nearly Three Times the State Average Average Tax Expenditure per Student High Schools Benefitted by Antero Schools 63% Above State Average Magnolia Blue Eagles $30,00
Slide 12: Antero Annual Economic Impact to West Virginia: $6.5 Billion
Antero Annual Economic Impact to West Virginia: $6.5 Billion $1.5 Billion $4 Billion HG Antero Resources in Capital Investment Acquisition $830 Million in Royalties Paid 3,000+ Sustainable $6.5 Billion Jobs Direct Annual Economic Impact $170 Million in Taxes Paid 30+ Years Of Remaining $2+ Million D
Slide 13: WVU and Antero Partnership Expansion
WVU and Antero Partnership Expansion Last Conference: Antero Announced Funding for Today: Graduate Degree Programs at WVU 2 Petroleum Engineering Graduate Level Degrees: - Upstream - Midstream (First of its Kind) 13
Slide 14: Antero + WVU
Antero + WVU 14
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