Equity Method Investments (Tables)

6 Months Ended

Jun. 30, 2022

Antero Midstream Corporation

Equity Method Investments

Schedule of reconciliation of investments in unconsolidated affiliates and summarized financial information

The following table sets forth a reconciliation of Antero’s investment in unconsolidated affiliate (in thousands):

Balance as of December 31, 2021 (1)	$	232,399
Equity in earnings of unconsolidated affiliate		39,891
Dividends from unconsolidated affiliate		(62,569)
Elimination of intercompany profit		19,374
Balance as of June 30, 2022 (1)	$	229,095

(1) The fair value of the Company’s investment in Antero Midstream as of December 31, 2021 and June 30, 2022 was $1.3 billion based on the quoted market share price of Antero Midstream.

The tables set forth below present summarized financial information of Antero Midstream (in thousands):

Balance Sheet

			(Unaudited)
	December 31,		June 30,
	2021		2022
Current assets	$	83,804		77,057
Noncurrent assets		5,460,197		5,508,444
Total assets	$	5,544,001		5,585,501
Current liabilities	$	114,009		123,772
Noncurrent liabilities		3,143,294		3,231,610
Stockholders' equity		2,286,698		2,230,119
Total liabilities and stockholders' equity	$	5,544,001		5,585,501

Statement of Operations

	Six Months Ended June 30,
	2021		2022
Revenues	$	456,908		447,398
Operating expenses		171,922		189,848
Income from operations		284,986		257,550
Net income	$	163,664		159,435