Equity Method Investment (Tables)

3 Months Ended

Mar. 31, 2023

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, 2022 (1)	$	220,429
Equity in earnings of unconsolidated affiliate		17,681
Dividends from unconsolidated affiliate		(31,285)
Elimination of intercompany profit		12,690
Balance as of March 31, 2023 (1)	$	219,515

(1) The fair value of the Company’s investment in Antero Midstream as of December 31, 2022 and March 31, 2023 was $1.5 billion based on the quoted market share price of Antero Midstream.