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  "documentTitle": "Antero Midstream Partners | Mergers and Acquisitions Presentation Deck | 29 slides",
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  "presentationDate": "2018-10-01 00:00:00",
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  "notes": "The chart uses a line graph to show the downward trend of leverage, with specific callouts for capital return capacity and leverage thresholds.",
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      "kind": "callout",
      "text": "Disciplined share repurchase program targets leverage at or below 2.25x in 4Q 2018 and at or below 2.0x in 2019",
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      "text": "Capacity to return ~$1.3 billion during 18 month share repurchase authorization period(2) (4Q 2018-1Q 2020) while maintaining leverage at or below 2.0x",
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      "text": "AR Standalone Net Debt / LTM EBITDAX",
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      "text": "Capacity to return $3.0 to $3.5 billion of capital over the next 4 years while maintaining leverage at or below 2.25x in 2018 and at or below 2.0x in 2019. Would represent 50% to 60% of current market cap",
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      "text": "Based on 12/31/2017 strip pricing... Includes $300 million in proceeds from midstream simplification transaction.",
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