Antero Resources Corporation announced the early results of the previously announced tender offer to purchase for cash an amount of the Company's 7.625% Senior Notes due 2029 equal to the difference between $300,000,000 and the aggregate principal amount of the Company's 8.375% Senior Notes due 2026 (the Any and All Notes) accepted for purchase in the Company's previously announced cash tender offer for the Any and All Notes. The terms and conditions of the Maximum Tender Offer are set in the Company's Offer to Purchase, dated as of August 4, 2022 (the Offer to Purchase). As of 5:00 p.m., New York City time, on August 17, 2022 (the Early Tender Deadline), an aggregate principal amount of $284,733,000 of Maximum Tender Notes had been validly tendered and not validly withdrawn.

The deadline for holders to validly withdraw tenders of Maximum Tender Notes was 5:00 p.m., New York City time, on August 17, 2022, and was not extended. The Company intends to accept for purchase $118,344,000 of the Maximum Tender Notes (the Accepted Notes) using a proration factor of approximately 41.56% and to make payment for Accepted Notes on August 19, 2022. The Maximum Tender Offer will expire at 11:59 p.m., New York City time, on August 31, 2022, unless extended by Antero in its sole discretion (such date and time, as the same may be extended, the Maximum Tender Expiration Date).

Because the Maximum Tender Offer Cap has been fully subscribed as of the Early Tender Deadline, the Company does not anticipate accepting for purchase any Maximum Tender Notes validly tendered after the Early Tender Deadline. As previously announced, $181,656,000 aggregate principal amount of Any and All Notes were tendered pursuant to the Any and All Offer, which amount excludes $2,803,000 aggregate principal amount of Any and All Notes tendered pursuant to guaranteed delivery procedures (the "Guaranteed Delivery Notes"). Because holders owning approximately $2,803,000 aggregate principal amount of Guaranteed Delivery Notes did not perform the delivery requirements under the guaranteed delivery procedures, Antero accepted for purchase $181,656,000 aggregate principal amount of Any and All Notes.