v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows provided by (used in) operating activities:    
Net income $ 118,266 $ 120,737
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 34,635 32,748
Impairment of property and equipment   817
Deferred income tax expense 37,639 34,416
Equity-based compensation 10,579 12,402
Equity in earnings of unconsolidated affiliates (30,012) (28,020)
Distributions from unconsolidated affiliates 35,720 33,375
Amortization of customer relationships 21,210 17,668
Amortization of deferred financing costs 1,512 1,307
Settlement of asset retirement obligations (34) (210)
Gain on long-lived assets (2,658)  
Other operating activities 34 44
Changes in assets and liabilities:    
Accounts receivable-Antero Resources (8,450) (8,825)
Accounts receivable-third party (246) 35
Other current assets (99) (695)
Accounts payable-Antero Resources 982 1,629
Accounts payable-third party 6,350 1,056
Income taxes payable   1,783
Accrued liabilities 13,196 (21,325)
Net cash provided by operating activities 238,624 198,942
Cash flows provided by (used in) investing activities:    
Additional investments in unconsolidated affiliate (900) (1,748)
Acquisition of HG Midstream (1,120,593)  
Proceeds from asset sales 378,628 5
Net cash used in investing activities (780,771) (32,271)
Cash flows provided by (used in) financing activities:    
Dividends to common stockholders (111,096) (112,615)
Dividends to preferred stockholders (138) (138)
Repurchases of common stock (18,013) (28,569)
Borrowings on Credit Facility 1,076,900 304,300
Repayments on Credit Facility (634,500) (311,200)
Payments of deferred financing costs (1,319)  
Employee tax withholding for settlement of equity-based compensation awards (32,536) (18,449)
Payments on capital lease obligations (86)  
Net cash provided by (used in) financing activities 279,212 (166,671)
Net decrease in cash, cash equivalents and restricted cash (262,935)
Cash, cash equivalents and restricted cash, beginning of period 262,935  
Cash, cash equivalents and restricted cash, end of period 0 0
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 44,525 65,272
Increase in accrued capital expenditures and accounts payable for property and equipment 3,146 5,012
Increase in accounts receivable-Antero Resources and accounts receivable-third party for the acquisition of HG Midstream 11,830  
Right-of-use assets obtained in exchange for new operating lease obligations 47,473 351
Gathering systems and facilities    
Cash flows provided by (used in) investing activities:    
Additions (19,437) (22,081)
Water handling systems    
Cash flows provided by (used in) investing activities:    
Additions $ (18,469) $ (8,447)

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