v3.26.1
Equity Method Investment
6 Months Ended
Jun. 30, 2026
Equity Method Investment  
Equity Method Investment

(5) Equity Method Investment

As of December 31, 2025 and June 30, 2026, 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, 2025 (1)

245,653

Equity in earnings of unconsolidated affiliate

59,497

Dividends from unconsolidated affiliate

(62,628)

Elimination of intercompany profit

16,791

Balance as of June 30, 2026 (1)

$

259,313

(1)The fair value of the Company’s investment in Antero Midstream as of December 31, 2025 and June 30, 2026 was $2.5 billion and $3.2 billion, respectively, based on the quoted market share price of Antero Midstream.