Equity Method Investments (Tables)

3 Months Ended

Mar. 31, 2020

Equity Method Investments.

Schedule of reconciliation of investments in unconsolidated affiliates

The following table is a reconciliation of investments in unconsolidated affiliates for the three months ended March 31, 2020 (in thousands):

	Antero Midstream
	Corporation
Balance at December 31, 2019	$	1,055,177
Equity in loss of unconsolidated affiliates		(128,055)
Distributions/dividends from unconsolidated affiliates		(42,756)
Impairment (1)		(610,632)
Elimination of intercompany profit		18,255
Balance at March 31, 2020	$	291,989

(1) Other-than-temporary impairment in Antero Midstream Corporation recorded as of March 31, 2020 to reduce the carrying value to fair value.

Schedule of summarized financial information of Antero Midstream Corporation

Balance Sheet

	December 31,		March 31,
(in thousands)	2019		2020
Current assets	$	108,558		151,372
Noncurrent assets		6,174,320		5,629,987
Total assets	$	6,282,878		5,781,359
Current liabilities	$	242,084		83,560
Noncurrent liabilities		2,897,380		3,108,844
Stockholders' equity		3,143,414		2,588,955
Total liabilities and equity	$	6,282,878		5,781,359

Statement of Operations

	For the period
	March 13, 2019		Three months
	through		ended
(in thousands)	March 31, 2019		March 31, 2020
Revenues	$	54,108		243,708
Operating expenses		30,029		762,872
Income (loss) from operations	$	24,079		(519,164)
Net income (loss) attributable to the equity method investment	$	23,197		(392,933)