Fair Value Measurement

6 Months Ended

Jun. 30, 2025

Fair Value Measurement

Fair Value Measurement

(12) Fair Value Measurement

The carrying values on the condensed consolidated balance sheets of the Company’s 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, 2024 and June 30, 2025 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:

					(Unaudited)
	December 31, 2024				June 30, 2025
(in thousands)	Fair Value (1)		Carrying Value (2)		Fair Value (1)		Carrying Value (2)
2027 Notes	$	646,750		648,082		646,750		648,495
2028 Notes		644,410		646,684		646,230		647,197
2029 Notes		730,425		744,516		743,025		745,060
2032 Notes		602,220		593,376		618,900		593,748
Total	$	2,623,805		2,632,658		2,654,905		2,634,500

(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.