Equity Method Investments (Tables)

9 Months Ended

Sep. 30, 2019

Equity Method Investments.

Schedule of reconciliation of investments in unconsolidated affiliates

The following table is a reconciliation of investments in unconsolidated affiliates for the nine months ended September 30, 2019 (in thousands):

	Stonewall (1)		MarkWest Joint Venture		Antero Midstream Corporation (2)		Total
Balance at December 31, 2018	$	68,103		365,539		—		433,642
Investments (3)		—		25,020		—		25,020
Equity in net income of unconsolidated affiliates		1,894		10,370		(102,457)		(90,193)
Distributions/dividends from unconsolidated affiliates		(3,000)		(9,605)		(96,636)		(109,241)
Elimination of intercompany profit		—		—		30,621		30,621
Effects of deconsolidation (4)		(66,997)		(391,324)		1,987,795		1,529,474
Balance at September 30, 2019	$	—		—		1,819,323		1,819,323

(1) Distributions are net of operating and capital requirements retained by Stonewall.

(2) As adjusted for the amortization of the difference between the cost of the equity investment in Antero Midstream Corporation and the amount of underlying equity in the net assets of Antero Midstream Partners as of the date of deconsolidation.

(3) Investments in the Joint Venture during the nine months ended September 30, 2019 relate to capital contributions for construction of additional processing facilities.

(4) Effective March 13, 2019, the equity in earnings of Stonewall and the Joint Venture are accounted for in the equity in earnings of Antero Midstream Corporation.

Schedule of summarized financial information of Antero Midstream Corporation

Balance Sheet

(in thousands)	September 30, 2019
Current assets	$	109,224
Noncurrent assets		6,336,280
Total assets	$	6,445,504
Current liabilities	$	259,628
Noncurrent liabilities		2,662,846
Stockholders' equity		3,523,030
Total liabilities and equity	$	6,445,504

Statement of Operations

	For the period
		March 13, 2019 through
(in thousands)	September 30, 2019
Revenues	$	553,521
Operating expenses		745,940
Loss from operations	$	(192,419)
Net loss attributable to the equity method investments	$	(197,006)