Antero Midstream Q2 Revenue Beats, EBITDA Misses; Volumes Hit Records
AM sits 25% above its 52-week low of $16.84.
Summary
Antero Midstream's Q2 revenue of $327M edged past the $324M consensus, but adjusted EBITDA of $289M missed the $301M estimate. Gathering and compression volumes set records, rising 19% and 17% year-over-year, while fresh water deliveries dropped 16%. Interest expense jumped 16% on financing for the HG Energy acquisition. The company began building its first intrastate regional pipeline and repurchased shares. Management expects volume growth to lift EBITDA in the second half of 2026, with water integration projects driving high-single-digit EBITDA growth in 2027. The mixed quarter and steady outlook keep the stock in a holding pattern, with the $650M note redemption on August 8 as the next notable event. Antero Midstream filed an 8-K regarding its operations and financial condition.
At the time of this announcement, AM was trading at $20.97 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $10.2B. The 52-week trading range was $16.84 to $23.84. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.