Subsidiary Guarantors

3 Months Ended

Mar. 31, 2022

Subsidiary Guarantors

Subsidiary Guarantors

(17) Subsidiary Guarantors

Antero Resources’ senior notes are fully and unconditionally guaranteed by Antero Resources’ existing subsidiaries that guarantee the Credit Facility.  In the event a subsidiary guarantor is sold or disposed of (whether by merger, consolidation, the sale of a sufficient amount of its capital stock so that it no longer qualifies as a “Subsidiary” of Antero (as defined in the indentures governing the notes) or the sale of all or substantially all of its assets (other than by lease)) and whether or not the subsidiary guarantor is the surviving entity in such transaction to a person that is not Antero or a restricted subsidiary of Antero, such subsidiary guarantor will be released from its obligations under its subsidiary guarantee if the sale or other disposition does not violate the covenants set forth in the indentures governing the notes.

In addition, a subsidiary guarantor will be released from its obligations under the indentures and its guarantee, upon the release or discharge of the guarantee of other Indebtedness (as defined in the indentures governing the notes) that resulted in the creation of such guarantee, except a release or discharge by or as a result of payment under such guarantee; if Antero designates such

subsidiary as an unrestricted subsidiary and such designation complies with the other applicable provisions of the indentures governing the notes or in connection with any covenant defeasance, legal defeasance or satisfaction and discharge of the notes.

The tables set forth below present summarized financial information of Antero, as parent, and its guarantor subsidiaries (in thousands). The Company’s wholly owned subsidiaries are not restricted from making distributions to the Company.

Balance Sheet
			(Unaudited)
	December 31, 2021		March 31, 2022
Accounts receivable, non-guarantor subsidiaries	$	—		—
Accounts receivable, related parties		—		—
Other current assets		633,014		673,754
Total current assets		633,014		673,754
Noncurrent assets		12,480,350		12,364,533
Total assets	$	13,113,364		13,038,287
Accounts payable, non-guarantor subsidiaries	$	—		—
Accounts payable, related parties		76,240		73,259
Other current liabilities		1,961,041		2,403,831
Total current liabilities		2,037,281		2,477,090
Noncurrent liabilities		5,737,999		5,489,853
Total liabilities	$	7,775,280		7,966,943
Statement of Operations
			Three Months Ended
			March 31, 2022
Revenues			$	794,004
Operating expenses				980,326
Loss from operations				(186,322)
Net loss and comprehensive loss including noncontrolling interests				(156,419)
Net loss and comprehensive loss attributable to Antero Resources Corporation			$	(156,419)