Antero Midstream Corporation

Latest Results (16.11.2025):

Antero Midstream Corporation reported its third quarter 2025 financial and operating results, demonstrating solid growth and operational strength. The company's latest report shows significant improvements in key financial metrics, including net income growth, enhanced cash flow, and effective capital management, while showcasing robust operational performance in gathering, processing, and fresh water delivery volumes.

Financial Performance

The third quarter 2025 results for Antero Midstream Corporation included a net income of $116 million (up 14% per share) and adjusted net income of $130 million (up 17% per share). Adjusted EBITDA increased 10% to $281 million, underscoring the strong underlying earnings power of the business.

Operational Strength

Operational highlights for the quarter included a 5% year-over-year increase in low pressure gathering and processing volumes, a 4-6% increase in high pressure gathering and compression volumes, and an impressive 30% growth in fresh water delivery volumes. These improvements reflect the company’s effectiveness in enhancing production and delivery systems.

Capital Efficiency and Cash Flow

Antero Midstream Corporation reduced capital expenditures by 9% to $51 million, resulting in a significant boost in Free Cash Flow after dividends, which increased by 94% compared to the prior year quarter. This efficient capital management has supported ongoing debt reduction and strategic share repurchases.

Debt Management and Share Repurchases

The company lowered its leverage to 2.7x and repurchased 2.3 million shares for $41 million during the quarter. Additionally, a successful refinancing of near-term debt out to 2033 further strengthens its financial profile, ensuring greater flexibility and a balanced approach between debt reduction and returning capital to shareholders.