Equity Method Investment (Tables)

6 Months Ended

Jun. 30, 2025

Antero Midstream Corporation

Equity Method Investment

Schedule of reconciliation of investments in unconsolidated affiliate

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

Balance as of December 31, 2024 (1)	$	231,048
Equity in earnings of unconsolidated affiliate		59,224
Dividends from unconsolidated affiliate		(62,628)
Elimination of intercompany profit		21,519
Balance as of June 30, 2025 (1)	$	249,163

(1) The fair value of the Company’s investment in Antero Midstream as of December 31, 2024 and June 30, 2025 was $2.1 billion and $2.6 billion, respectively, based on the quoted market share price of Antero Midstream.