v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows provided by (used in) operating activities:    
Net income $ 245,250 $ 189,963
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 66,112 74,671
Impairment of property and equipment 817  
Deferred income tax expense 76,493 64,924
Equity-based compensation 23,809 20,926
Equity in earnings of unconsolidated affiliates (58,036) (55,127)
Distributions from unconsolidated affiliates 68,730 68,930
Amortization of customer relationships 35,336 35,336
Amortization of deferred financing costs 2,621 3,150
Settlement of asset retirement obligations (258) (414)
Loss on early extinguishment of debt   13,750
Other operating activities 94 1,470
Changes in assets and liabilities:    
Accounts receivable-Antero Resources 3,557 (12,641)
Accounts receivable-third party 304 755
Other current assets (195) 452
Accounts payable-Antero Resources 166 (353)
Accounts payable-third party 1,750 3,387
Income taxes payable 989  
Accrued liabilities (3,414) 17,188
Net cash provided by operating activities 464,125 426,367
Cash flows provided by (used in) investing activities:    
Additional investments in unconsolidated affiliate (5,078)  
Acquisition of gathering systems and facilities   (70,634)
Other investing activities 6 684
Net cash used in investing activities (72,334) (148,422)
Cash flows provided by (used in) financing activities:    
Dividends to common stockholders (224,134) (220,736)
Dividends to preferred stockholders (275) (275)
Repurchases of common stock (45,340)  
Issuance of Senior Notes   600,000
Redemption of Senior Notes   (560,862)
Payments of deferred financing costs   (7,274)
Borrowings on Credit Facility 567,500 1,006,400
Repayments on Credit Facility (662,500) (1,080,800)
Employee tax withholding for settlement of equity-based compensation awards (27,042) (14,464)
Net cash used in financing activities (391,791) (278,011)
Net increase 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 93,416 88,672
Cash paid during the period for income taxes 2,600  
Increase in accrued capital expenditures and accounts payable for property and equipment 9,795 2,576
Gathering systems and facilities    
Cash flows provided by (used in) investing activities:    
Additions (43,094) (62,330)
Water handling systems    
Cash flows provided by (used in) investing activities:    
Additions $ (24,168) $ (16,142)

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