Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Taxes

Summary of income tax expense (benefit)

	Year Ended December 31,
(in thousands)	2021		2022		2023
Current income tax benefit	$	—		—		(6,377)
Deferred income tax expense		117,123		117,494		134,664
Total income tax expense	$	117,123		117,494		128,287

Summary of reconciliation of income tax expense

	Year Ended December 31,
(in thousands)	2021		2022		2023
Federal income tax expense	$	94,235		93,185		105,015
State income tax expense, net of federal effect		21,375		20,891		18,740
Equity-based compensation		1,713		1,027		4,086
Change in valuation allowance		—		2,582		5
Other		(200)		(191)		441
Total income tax expense	$	117,123		117,494		128,287

Schedule of temporary differences between assets and liabilities

	December 31,
(in thousands)	2022		2023
Deferred income tax assets:
NOL carryforwards	$	111,615		115,284
Equity-based compensation		2,766		2,864
Charitable contributions		2,582		2,587
Total deferred income tax assets		116,963		120,735
Valuation allowance		(2,582)		(2,587)
Deferred income tax assets, net		114,381		118,148
Deferred income tax liability:
Investment in Antero Midstream Partners		245,596		384,027
Total deferred income tax liability		245,596		384,027
Deferred income tax liability, net	$	(131,215)		(265,879)