Equity Method Investment

3 Months Ended

Mar. 31, 2024

Equity Method Investment

Equity Method Investment

(5) Equity Method Investment

As of March 31, 2024, Antero owned 28.9% of Antero Midstream’s common stock, which is reflected in Antero’s unaudited condensed consolidated financial statements using the equity method of accounting.

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

Balance as of December 31, 2023 (1)	$	222,255
Equity in earnings of unconsolidated affiliate		23,347
Dividends from unconsolidated affiliate		(31,285)
Elimination of intercompany profit		11,717
Balance as of March 31, 2024 (1)	$	226,034

(1) The fair value of the Company’s investment in Antero Midstream as of December 31, 2023 and March 31, 2024 was $1.7 billion and $2.0 billion, respectively, based on the quoted market share price of Antero Midstream.