Antero Resources Corporation (NYSE:AR) Q3 2022 Earnings Conference Call October 27, 2022 11:00 AM ET
Company Participants
Brendan Krueger - Vice President, Finance
Michael Kennedy - Chief Financial Officer
Paul Rady - Chairman, Chief Executive Officer & President
Justin Fowler - Senior Vice President, Gas Marketing & Transportation
David Cannelongo - Senior Vice President, Liquids Marketing & Transportation
Conference Call Participants
Neal Dingmann - Truist Securities
Subhash Chandra - The Benchmark Company
Umang Choudhary - Goldman Sachs
Kevin MacCurdy - Pickering Energy Partners
David Deckelbaum - Cowen and Company
Operator
Greetings, and welcome to Antero Resources Third Quarter 2022 Earnings Conference Call. [Operator Instructions]
As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Brendan Krueger, Vice President of Finance. Thank you. You may begin.
Brendan Krueger
Thank you, operator. Thank you for joining us for Antero's third quarter 2022 investor conference call. We'll spend a few minutes going through the financial and operating highlights, and then we'll open it up for Q&A. I would also like to direct you to the homepage of our website at www.anteroresources.com, where we have provided a separate earnings call presentation that will be reviewed during today's call.
Today's call may contain certain non-GAAP financial measures. Please refer to our earnings press release for important disclosures regarding such measures, including reconciliations to the most comparable GAAP financial measures.
Joining me on the call today are Paul Rady, Chairman, CEO and President; Michael Kennedy, CFO; and Justin Fowler, Senior Vice President of Gas Marketing and Transportation; and Dave Cannelongo, Senior Vice President of Liquids Marketing and Transportation.
We will start today's call off with some initial comments for Mike.
Michael Kennedy
Thank you, Brendan. Before we get into our more prepared quarterly remarks, we thought it was important to start by discussing the consistency in our financial performance highlighted by Antero's progress year-to-date on our return of capital efforts and debt reduction program. Slide #3 summarizes the consistent and repeatable results that you can expect from Antero as we continue to deliver on our stated goals of having a best-in-class balance sheet while also returning significant cash back to our shareholders.
The top of the slide illustrates the increasing return of capital through each quarter this year because we began focusing so aggressively on reducing debt several years ago, we are now in position to return higher percentages of our free cash flow to our shareholders. This is an important distinction compared to many of our peers who will need to continue taking a balanced approach between debt reduction and cash return in order to improve their balance sheets.