Fair Value Measurement

12 Months Ended

Dec. 31, 2024

Fair Value Measurement

Fair Value Measurement

(13)  Fair Value Measurement

The carrying values on the consolidated balance sheets of the Company’s cash and cash equivalents, accounts receivable—Antero Resources, accounts receivable—third party, other current assets, accounts payable—Antero Resources, accounts payable—third party, accrued liabilities and other current liabilities approximate fair values due to their short-term maturities. The carrying value of the amounts under the Credit Facility as of December 31, 2023 and December 31, 2024 approximated fair value because the variable interest rates are reflective of current market conditions.

The fair value and carrying value of the Company’s Senior Notes is as follows:

	December 31, 2023				December 31, 2024
(in thousands)	Fair Value (1)		Carrying Value (2)		Fair Value (1)		Carrying Value (2)
2026 Notes	$	565,785		546,631		—		—
2027 Notes		642,655		647,313		646,750		648,082
2028 Notes		641,030		645,702		644,410		646,684
2029 Notes		720,000		743,470		730,425		744,516
2032 Notes		—		—		602,220		593,376
Total	$	2,569,470		2,583,116		2,623,805		2,632,658

(1) Fair values are based on Level 2 market data inputs.

(2) Carrying values are presented net of unamortized debt issuance costs and debt premium.