Antero Midstream reports Q1 adjusted EPS 28c, consensus 24c

Reports Q1 revenue $279.05M, consensus $280.8M. Paul Rady, Chairman and CEO said, “Antero Midstream (AM) delivered another quarter of gathering volume growth and record processing volumes. In addition, we placed the Torrey’s Peak compressor station in service late in the first quarter, which was ahead of initial expectations of a second quarter in-service date. This station was the third station to relocate underutilized compressor units, resulting in over $30 million of estimated capital savings. This additional capacity will support the further gathering volume growth anticipated throughout 2025.”