Subsidiary Guarantors

12 Months Ended

Dec. 31, 2023

Subsidiary Guarantors

Subsidiary Guarantors

(18) 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 Sheets
	December 31,
	2022		2023
Current assets	$	739,104		453,581
Noncurrent assets		12,663,911		12,562,439
Total assets	$	13,403,015		13,016,020
Accounts payable, related parties	$	80,708		86,284
Other current liabilities		1,668,426		1,360,102
Total current liabilities		1,749,134		1,446,386
Noncurrent liabilities		5,306,539		4,951,464
Total liabilities	$	7,055,673		6,397,850
Statement of Operations
			Year Ended
			December 31, 2023
Revenues			$	4,539,184
Operating expenses				4,184,979
Income from operations				354,205
Net income and comprehensive income including noncontrolling interests				242,919
Net income and comprehensive income attributable to Antero Resources Corporation			$	242,919