Antero Midstream Completes $1.1 Billion Acquisition of HG Energy II Midstream
Summary
Antero Midstream's subsidiary completed the previously announced $1.1 billion cash acquisition of HG Energy II Midstream Holdings, LLC.
Key Events
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Acquisition Completion
Antero Midstream Partners LP, an indirect wholly-owned subsidiary, completed the acquisition of HG Energy II Midstream Holdings, LLC for approximately $1.1 billion in cash.
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Previously Announced Transaction
This transaction finalizes the acquisition contemplated by the Membership Interest Purchase Agreement dated December 5, 2025.
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Purchase Agreement Amendment
On December 22, 2025, the parties entered into a First Amendment to the Purchase Agreement to amend and restate certain annexes.
Analysis
Antero Midstream Corporation's subsidiary has finalized the acquisition of HG Energy II Midstream Holdings, LLC for approximately $1.1 billion in cash. While the agreement for this acquisition was previously announced on December 5, 2025, the completion of a transaction of this magnitude is a very important operational milestone. It signifies the successful integration of new assets and removes any lingering uncertainty regarding the deal's closure, materially impacting the company's asset base and future operations.
At the time of this filing, AM was trading at $18.64 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $8.9B. The 52-week trading range was $15.08 to $19.82. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.