Antero Midstream reports Q3 EPS 20c, consensus 23c

Reports Q3 revenue $263.839M, consensus $272.17M. Brendan Krueger, CFO of Antero Midstream (AM), said “Consistent with our absolute debt and leverage reduction targets, Antero Midstream continued to pay down debt during the third quarter. Following the acceleration of capital into the third quarter due to favorable weather conditions, we expect a significant decline in capital in the fourth quarter. This reduction in capital is expected to result in increased Free Cash Flow, positioning us well to achieve our 3.0x leverage target during the quarter.”