v3.25.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows provided by (used in) operating activities:    
Net income $ 361,234 $ 289,703
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 100,577 107,205
Impairment of property and equipment 984 332
Deferred income tax expense 124,471 103,126
Equity-based compensation 34,835 32,871
Equity in earnings of unconsolidated affiliates (87,724) (82,795)
Distributions from unconsolidated affiliates 106,095 100,911
Amortization of customer relationships 53,004 53,004
Amortization of deferred financing costs 3,938 4,721
Settlement of asset retirement obligations (317) (513)
Loss on early extinguishment of debt 1,313 14,091
Other operating activities 143 1,046
Changes in assets and liabilities:    
Accounts receivable-Antero Resources 6,619 (9,427)
Accounts receivable-third party 373 883
Income tax receivable (1,896)  
Other current assets (360) 63
Accounts payable-Antero Resources (1) 1,143
Accounts payable-third party 1,081 (1,100)
Income taxes payable 594  
Accrued liabilities (28,002) (3,961)
Net cash provided by operating activities 676,961 611,303
Cash flows provided by (used in) investing activities:    
Additional investments in unconsolidated affiliate (6,653) (893)
Acquisition of gathering systems and facilities   (69,992)
Other investing activities 850 1,816
Net cash used in investing activities (119,240) (203,076)
Cash flows provided by (used in) financing activities:    
Dividends to common stockholders (331,820) (329,252)
Dividends to preferred stockholders (413) (413)
Repurchases of common stock (86,669)  
Issuance of Senior Notes 650,000 600,000
Redemption of Senior Notes (650,000) (560,862)
Payments of deferred financing costs (7,030) (12,738)
Borrowings on Credit Facility 1,389,500 1,299,500
Repayments on Credit Facility (1,494,200) (1,389,700)
Employee tax withholding for settlement of equity-based compensation awards (27,089) (14,828)
Net cash used in financing activities (557,721) (408,293)
Net decrease in cash and cash equivalents (66)
Cash and cash equivalents, beginning of period   66
Cash and cash equivalents, end of period 0 0
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 160,951 160,700
Cash received (paid) during the period for income taxes (2,600) 104
Increase in accrued capital expenditures and accounts payable for property and equipment 13,381 2,413
Gathering systems and facilities    
Cash flows provided by (used in) investing activities:    
Additions (67,960) (110,514)
Water handling systems    
Cash flows provided by (used in) investing activities:    
Additions $ (45,477) $ (23,493)

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