Antero Midstream generated $288 million in Q1 2026 adjusted EBITDA with a partial quarter contribution from its HG Midstream acquisition. It expects roughly $309 million per quarter in adjusted EBITDA during the rest of the year. Future growth results in a projected $1.4 billion in 2028 adjusted EBITDA in a base case scenario and $1.5 billion in an upside scenario.
Antero Midstream now guides for single-digit growth. AM's stock price has risen substantially since 2020. That rise has pushed valuation metrics, including a P/E ratio nearing 20, to uncomfortable highs. Current pricing exposes investors to downside risk relative to historical valuation norms.
Eagle Global Advisors LLC increased its position in shares of Antero Midstream Corporation (NYSE: AM) by 145.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 453,513 shares of the pipeline company's stock after acquiring an additional 268,923
Antero Midstream (NYSE: AM) stock climbed 2.18% on Tuesday, March 24, reaching a fresh 52-week high of $23.46.
Algert Global LLC boosted its holdings in shares of Antero Midstream Corporation (NYSE: AM) by 105.2% in the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,153,609 shares of the pipeline company's stock after buying an additional 591,346 shares during the quarter.
The war in Iran has thrust the energy sector into extreme volatility once again.
Antero Midstream (AM) reported earnings 30 days ago. What's next for the stock?
Twenty-nine midstream energy companies were evaluated on a relative favorability matrix with factors representing yield, yield coverage, valuation, profitability, growth, and leverage. Based on this analysis, UGP, HESM, and USAC are the most favorable prospects in the midstream industry. I recommend investors who own TRP, GEL, or DKL carefully review their position, as these midstreams compare unfavorably to peers.
Antero Midstream finished 2025 around the high end of expectations. Its 2026 adjusted EBITDA growth is expected to be driven by its HG Energy acquisition, followed by high-single-digit growth in 2027. This would put its 2027 adjusted EBITDA around $1.3 billion, which should be able to support an increased quarterly dividend of $0.30 per share.
Antero Midstream Corporation (AM) Q4 2025 Earnings Call Transcript
AM misses Q4 earnings as higher operating costs outweigh stronger gathering and compression volumes.
Antero Midstream (AM) closed a significant midstream asset acquisition. It was at least partially funded by Utica Shale asset sales. AM forecasts 11% free cash flow growth and earnings growth roughly double that rate for fiscal 2026. Fee-based, take-or-pay contracts with an investment-grade customer underpins AM's predictable cash flows.