v3.25.1
Equity Method Investment
3 Months Ended
Mar. 31, 2025
Equity Method Investment  
Equity Method Investment

(5) Equity Method Investment

As of December 31, 2024 and March 31, 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

28,661

Dividends from unconsolidated affiliate

(31,314)

Elimination of intercompany profit

11,277

Balance as of March 31, 2025 (1)

$

239,672

(1)The fair value of the Company’s investment in Antero Midstream as of December 31, 2024 and March 31, 2025 was $2.1 billion and $2.5 billion, respectively, based on the quoted market share price of Antero Midstream.