Antero Midstream Q1 revenue beats estimates

Antero Midstream

29/04/2026 21:29

Overview

U.S. midstream operator's Q1 revenue rose, beating analyst expectations

Adjusted net income for Q1 slightly missed consensus

Outlook

Antero Midstream expects high-single digit EBITDA growth going forward

Company projects growth in fresh water delivery volumes in 2027 and beyond

Result Drivers

GATHERING VOLUME GROWTH - Q1 gathering volumes increased 14% from the prior year, supporting revenue growth

HG ENERGY ACQUISITION - Co completed and began integrating its largest acquisition, contributing to operational growth and asset base expansion

FRESH WATER DELIVERY DECLINE - Fresh water delivery volumes fell 21% from the prior year, partially offsetting segment growth

Company press release: ID:nPn9ftzhda

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$314 mln
$307.87 mln (3 Analysts)
Q1 Adjusted Net Income
Slight Miss*
$138 mln
$138.37 mln (3 Analysts)
Q1 Net Income
$118 mln
Q1 Adjusted EBITDA
Miss
$288 mln
$291.73 mln (7 Analysts)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 7 "hold" and 1 "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 $23.50, about 7.5% above its April 28 closing price of $21.86

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)