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      "text": "AMGP Corp Case: 2018 – 2022 financial projections for AMGP Corp, as provided by Antero management, and assuming a modified distribution coverage ratio at AM",
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      "text": "AM Management Case: 2018 – 2022 financial projections for AM, as provided by Antero management (no modifications)\nAMGP Management Case: 2018 – 2022 financial projections for AMGP, as provided by Antero management (no modifications)\nAM Modified Coverage Case: 2018 – 2022 financial projections for AM, as provided by Antero management, but assuming a modified distribution coverage ratio at AM\nAMGP Modified Coverage Case: 2018 – 2022 financial projections for AMGP, as provided by Antero management, but assuming a modified distribution coverage ratio at AM",
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      "text": "Baird utilizes the following financial forecast cases for purposes of its valuation analysis of AM and AMGP on a stand-alone basis:",
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      "text": "Where applicable, in its analysis of the pro forma AMGP, Baird utilizes the financial projections provided by Antero management:",
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      "text": "Source: Antero management.",
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      "text": "Distribution Coverage Ratio Forecasts Reflected in Management vs. Modified Coverage Cases for 2019 - 2022. Rows: AM Forecast Distribution Coverage in \"Management Cases\", AM Forecast Distribution Coverage in \"Modified Coverage Cases\". Columns: 4Q 2018, 2019, 2020, 2021, 2022.",
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