Fourth Quarter 2025 Earnings Call - February 12, 2026 - 9:00 AM MT

Governance

Accountability and Governance

Managing risk and doing the right thing are essential parts of our company's culture. Our company leaders believe in promoting a culture of best ethical business practices. We know that success relies on both corporate and personal responsibility to protect our employees and communities and preserve the environment.

Leadership

Antero’s Board of Directors has ultimate oversight of the company’s operational performance and ethical conduct. This includes managing the company’s risk mitigation and environmental and safety efforts. The Board Environmental and Safety Committee provides guidance relating to the identification and evaluation or risks and opportunities related to the environment and climate change, health and safety, and social and political trends.

"Climate change is an issue that our Board cares about deeply. In 2020, to further address climate change impacts, Antero established a set of bold climate goals. The Board and the Board Environmental and Safety Committee are focused on helping the company reach these targets and managing the company’s climate risk for the benefit of all Antero stakeholders."

-Vicky Sutil, Environmental and Safety Committee Chair

Environmental and Safety Committee Focus

Our Board's Environmental and Safety Committee plays a vital role in guiding Antero and the Board in matters related to environmental and climate change risks and opportunities, health and safety programs, and social and political trends and concerns. In addition, the Environmental and Safety Committee provides valuable counsel to the Board and management on significant public policy issues.

Adhering to the Highest Ethical Standards

Our core principle is to conduct our business with honesty and integrity, adhering to the highest legal and ethical standards. To guide our actions, we have established a Corporate Code of Business Conduct and Ethics. It sets out the expectations we have for our employees and business partners to consistently exercise good judgment and uphold our ethical standards.

View Our Supplier Code of Conduct Policy View Our Human Rights Policy Corporate Code of Business Conduct and Ethics

Political Engagement

Antero’s approach to political involvement is governed by the Corporate Code of Business Conduct and Ethics, which includes guidelines and principles for Antero and its employees with respect to participation in the political process.

Political Contributions

Subject to its Code of Conduct, Antero encourages the personal participation of its employees, directors, and officers in federal, state and local elective processes.

Corporate Contributions

Any political contributions by Antero, whether monetary or in-kind, are permissible at the state and local level only where permitted by law and approved by the Chief Executive Officer and Chief Compliance Officer. No Antero funds, assets or resources may be used to support any political candidate, committee, or party, except as explicitly set forth in the policy. The policy considers in-kind donations—such as ticket purchases for political dinners, reimbursed employee contributions or the use of Antero facilities—as political contributions.

Personal Contributions and PACs

Directors, officers and other employees or representatives may not make personal political contributions for or in the name of Antero and will not receive reimbursement or compensation increases for personal campaign contributions. Antero may establish a Political Action Committee (PAC) funded only by voluntary contributions from employees, shareholders or other individuals. Corporate funds are authorized for lawful administrative expenditures on behalf of a company-sponsored PAC.

Lobbying-Related Activities and Trade Association Membership

Where appropriate and permitted by law, Antero engages in direct lobbying to advance policies specific to Antero’s strategic interests and general industry initiatives.

Antero works with multiple trade organizations on direct advocacy, standards development, and industry best practices. Antero’s membership in an organization is not an endorsement of every position taken by that organization. Antero annually discloses in its ESG reports on trade association membership where payments exceed $25,000.

Risk Management

We prioritize the identification and management of risks to ensure the safety of our employees and the protection of our company resources. Our risk management process includes identifying, mitigating, tracking, monitoring, and involving the Board. We undertake regular reviews of both short-term and long-term risks, involving stakeholders at all levels of our organization.

Locking Down on Cybersecurity

We recognize the evolving nature of cybersecurity threats and are committed to assessing and adopting new processes, equipment, and resources to enhance the safety of our operations. One of our key strategies is to invest in comprehensive training programs for our employees. Additionally, we encourage a proactive approach to cybersecurity throughout our organization.

Partnering with our Suppliers

We recognize the value of contributing to the growth and value of our local communities. As part of our commitment, we prioritize purchasing goods and services from local contractors and suppliers. By engaging local contractors and suppliers, we not only support the local economy but also develop mutually beneficial partnerships.