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Equity Method Investment | 9 Months Ended
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Sep. 30, 2025
Equity Method Investment |
Equity Method Investment | (5) Equity Method Investment As of December 31, 2024 and September 30, 2025, Antero owned 29% of Antero Midstream’s common stock, which is reflected in Antero’s unaudited condensed consolidated financial statements using the equity method of accounting. 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 | ​ | ​ | 88,279 | ​
Dividends from unconsolidated affiliate | ​ | ​ | (93,941) | ​
Elimination of intercompany profit | ​ | ​ | 31,110 | ​
Balance as of September 30, 2025 (1) | ​ | $ | 256,496 | ​
(1) | The fair value of the Company’s investment in Antero Midstream as of December 31, 2024 and September 30, 2025 was $2.1 billion and $2.7 billion, respectively, based on the quoted market share price of Antero Midstream.

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- Definition The entire disclosure for the information summarizing investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates. It reflects specified information about ownership, financial results from, and financial position in such entities. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.12-14(Column E)(Footnote 6)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.12-14(Column E)(Footnote 6)(c)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.12-14(Column A)(Footnote 1)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6 + Details
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