Equity Method Investment

6 Months Ended

Jun. 30, 2024

Equity Method Investment

Equity Method Investment

(5) Equity Method Investment

As of June 30, 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		44,228
Dividends from unconsolidated affiliate		(62,569)
Elimination of intercompany profit		19,638
Balance as of June 30, 2024 (1)	$	223,552

(1) The fair value of the Company’s investment in Antero Midstream as of December 31, 2023 and June 30, 2024 was $1.7 billion and $2.0 billion, respectively, based on the quoted market share price of Antero Midstream.