Antero Midstream Corp ( (AM) ) has released its Q1 earnings. Here is a breakdown of the information Antero Midstream Corp presented to its investors.
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Antero Midstream Corporation is a Delaware-based company that owns, operates, and develops midstream gathering, compression, processing, and fractionation assets in the Appalachian Basin, along with integrated water assets primarily servicing Antero Resources Corporation.
In its first quarter of 2025, Antero Midstream reported a notable increase in financial performance, with net income reaching $121 million, marking a 19% increase per share compared to the previous year. The company also achieved a 3% rise in adjusted EBITDA, amounting to $274 million, and a 7% increase in free cash flow after dividends.
Key financial metrics for the quarter included a 1% increase in low-pressure gathering volumes and a 3% rise in processing volumes. Capital expenditures rose by 25% to $37 million, while the company successfully repurchased 1.7 million shares for $29 million. The Torrey’s Peak compressor station was placed in service ahead of schedule, contributing to the company’s operational growth.
Antero Midstream’s management expressed confidence in its ability to maintain strong financial performance, emphasizing continued throughput growth and a flexible capital return program. The company plans to leverage its robust balance sheet to capitalize on market opportunities and sustain shareholder returns.