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  "notes": "Includes sensitivity analysis tables for discount rates and terminal multiples.",
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      "text": "Source: Antero management. Assumes present value date as of October 5, 2018. (1) Represents IDR payments implied by a full payout scenario. (2) Represents midpoint of Baird's selected AM WACC sensitivity range (see page 30). (3) Represents midpoint of comparable transaction multiples (see page 42). (4) Based on 2022E adjusted EBITDA of $1,017 million. (5) Represents estimated net debt and fully diluted common units outstanding as of September 30, 2018.",
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