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Equity Method Investment (Tables)
9 Months Ended
Sep. 30, 2025
Antero Midstream Corporation  
Equity Method Investment  
Schedule of reconciliation of investments in unconsolidated affiliate

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.