Income Tax (Tables)

12 Months Ended

Dec. 31, 2019

Income Taxes

Summary of income tax expense

	Year Ended December 31,
(in thousands)	2017		2018		2019
Current income tax expense (benefit)	$	26,261		33,615		(539)
Deferred income tax expense (benefit)		—		(1,304)		(101,927)
Total income tax expense (benefit)	$	26,261		32,311		(102,466)

Summary of reconciliation of income tax expense

	Year Ended December 31,
(in thousands)	2017		2018		2019
Federal income tax expense (benefit)	$	10,005		20,773		(96,092)
State income tax expense (benefit), net of federal benefit		952		4,133		(17,089)
Non-deductible equity-based compensation		13,296		8,087		13,694
Non-deductible IPO expenses		1,948		1		—
Charitable contributions		—		—		(2,473)
Other		60		(683)		(506)
Total income tax expense (benefit)	$	26,261		32,311		(102,466)

Schedule of temporary differences between assets and liabilities

	Year Ended December 31,
(in thousands)	2018		2019
Deferred tax assets:
Net operating loss carryforwards	$	—		68,614
Investment in Antero Midstream Partners		—		28,381
Transaction costs		1,304		2,465
Equity-based compensation		—		1,298
Charitable contributions		—		2,473
Total deferred tax assets		1,304		103,231
Valuation allowance		—		—
Net deferred tax assets		1,304		103,231
Deferred tax liabilities:
Net deferred tax liabilities		—		—
Net deferred tax assets (liabilities)	$	1,304		103,231