" The company bought back 9.1 million shares so far in the fourth quarter, representing 3% of its outstanding shares, for $14.10 each. The company primarily used its fourth-quarter free cash flow to fund the $129-million share repurchase. Notably, Antero Resources has a $600-million share repurchase program that is sanctioned through first-quarter 2020. The company wants to fund the program through $300-million cash proceeds earned from midstream simplification, free cash flow generation from operations and a $125 million tranche payment related to Antero Midstream’s AM water earn-out settlement."
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