Antero Midstream Corp Reports Strong Q2 Growth

By Bobby Samwell • Thursday, July 31 06:12 • Permanent Link

Antero Midstream Corporation (NYSE: AM) has announced its second-quarter 2025 financial and operating results, showcasing notable increases across various key metrics compared to the prior year quarter. The company reported a 6% increase in low pressure gathering and processing volumes, reaching 3.5 bcf/d of production, a new company record. This growth aligns with significant demand increases seen along the U.S. Gulf Coast LNG facilities over the past year.

In terms of financial performance, net income was reported at $125 million, or $0.26 per diluted share, marking a 44% per share increase compared to the prior year quarter. Adjusted net income, a non-GAAP measure, saw a 26% per share increase at $138 million, or $0.29 per diluted share. Adjusted EBITDA also saw a notable 11% increase at $284 million compared to the prior year quarter.

Moreover, capital expenditures decreased by 13% to $45 million, while free cash flow after dividends saw a substantial 89% increase at $82 million. Additionally, leverage was reported at 2.8x as of June 30, 2025, signifying a decrease.

In terms of guidance updates, the company has increased its net income, adjusted net income, and adjusted EBITDA guidance by $10 million and decreased interest expense, current income tax expense, and capital expenditures each by $5 million. This resulted in a $25 million increase in free cash flow before and after dividends.

The company also highlighted its consistent free cash flow generation, which enabled it to reduce debt by approximately $170 million over the past year, with nearly $100 million reduced year-to-date. Moreover, Antero Midstream has repurchased approximately $83 million of shares year-to-date through July 30, 2025.

From an operational standpoint, Antero Midstream connected 18 wells to its gathering system and serviced 11 wells with its fresh water delivery system during the second quarter of 2025. Capital expenditures were reported at $45 million, with $22 million invested in gathering and compression, $20 million in water infrastructure, and $3 million in the Stonewall joint venture.

Today the company's shares have moved 0.91% to a price of $17.135. If you want to know more, read the company's complete 8-K report here.

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