Antero Midstream beats Q3 revenue and adjusted EBITDA estimates

Antero Midstream

29/10/2025 21:08

Overview

Antero Midstream Q3 revenue and adjusted EBITDA beat analyst expectations

Adjusted net income for Q3 beats estimates, rising 17% year-over-year

Company repurchased 2.3 mln shares for $41 mln, reducing leverage to 2.7x

Outlook

Company plans additional well connections and fresh water delivery for 2026

Company refinanced nearest-term debt maturity to 2033 at attractive coupon

Company has no near-term debt maturities, enhancing financial profile

Result Drivers

VOLUME GROWTH - Low pressure gathering and processing volumes increased by 5% and 6%, respectively, compared to the prior year quarter

WATER DELIVERY - Fresh water delivery volumes increased by 30% year-over-year while servicing just one completion crew, highlighting the importance of Antero Midstream's integrated water system

DEBT REFINANCING - Antero Midstream refinanced its nearest-term debt maturity out to 2033 at an attractive coupon, leaving no near-term maturities

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$294.82 mln
$289.20 mln (3 Analysts)
Q3 Adjusted Net Income
Beat
$130.19 mln
$125.55 mln (3 Analysts)
Q3 Net Income
$115.98 mln
Q3 Adjusted EBITDA
Beat
$281.23 mln
$277.52 mln (7 Analysts)
Q3 Capex
$51.34 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 6 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the oil & gas transportation services peer group is "buy."

Wall Street's median 12-month price target for Antero Midstream Corp is $19.00, about 7.3% above its October 28 closing price of $17.61

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nPn3jt90Fa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)