Quarterly report pursuant to Section 13 or 15(d)

Equity Method Investments (Tables)

v3.19.2
Equity Method Investments (Tables)
6 Months Ended
Jun. 30, 2019
Equity Method Investments.  
Schedule of reconciliation of investments in unconsolidated affiliates The following table is a reconciliation of investments in unconsolidated affiliates for the six months ended June 30, 2019 (in thousands):

Stonewall (1)

MarkWest
Joint Venture

Antero Midstream Corporation (2)

Total

Balance at December 31, 2018

$

68,103

365,539

433,642

Investments (3)

 

25,020

25,020

Equity in net income of unconsolidated affiliates

1,894

10,370

15,402

27,666

Distributions/dividends from unconsolidated affiliates

 

(3,000)

(9,605)

(47,922)

(60,527)

Elimination of intercompany profit

11,928

11,928

Effects of deconsolidation (4)

 

(66,997)

(391,324)

1,987,795

1,529,474

Balance at June 30, 2019

$

1,967,203

1,967,203

(1) Distributions are net of operating and capital requirements retained by Stonewall.
(2) As adjusted for the amortization of the difference between the cost of the equity investment in Antero Midstream Corporation and the amount of underlying equity in the net assets of Antero Midstream Partners as of the date of deconsolidation.
(3) Investments in the Joint Venture during the six months ended June 30, 2019 relate to capital contributions for construction of additional processing facilities.
(4) Effective March 13, 2019, the equity in earnings of Stonewall and the Joint Venture are accounted for in the equity in earnings of Antero Midstream Corporation.
Schedule of summarized financial information of Antero Midstream Corporation

Balance Sheet

(in thousands)

June 30, 2019

Current assets

$

115,367

Noncurrent assets

6,653,642

Total assets

$

6,769,009

Current liabilities

$

237,504

Noncurrent liabilities

2,559,146

Stockholders' equity

3,972,359

Total liabilities and equity

$

6,769,009

Statement of Operations

For the period

March 13, 2019 through

(in thousands)

June 30, 2019

Revenues

$

309,726

Operating expenses

168,056

Income from operations

$

141,670

Net income attributable to the equity method investments

$

92,471