v3.25.4
Income Taxes - Temporary Differences Assets and Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Deferred income tax assets:    
NOL carryforwards $ 266,123 $ 212,289
Research and development tax credits, net 102,309 95,271
Interest expense carryforwards 9,516 46,452
Equity-based compensation 4,132 6,462
Investment in Antero Midstream 194,960 214,357
Unrealized losses on derivative instruments   9,863
Lease liabilities 477,262 555,264
Asset retirement obligations and other 29,247 23,080
Total deferred income tax assets 1,083,549 1,163,038
Valuation allowance (39,112) (43,192)
Deferred income tax assets, net 1,044,437 1,119,846
Deferred income tax liabilities:    
Oil and gas properties 1,439,666 1,229,297
Unrealized gains on derivative instruments 17,912  
Lease right-of-use assets 478,901 556,976
Investment in Martica 13,837 24,808
Other 1,427 2,106
Total deferred income tax liabilities 1,951,743 1,813,187
Deferred tax liability, net $ (907,306) $ (693,341)