The earnings call for Antero Midstream was predominantly positive, with significant growth in EBITDA and free cash flow, a favorable tax position, and successful debt reduction efforts. The main challenge mentioned was the ongoing legal issue concerning the Clearwater Facility, but it did not significantly overshadow the strong financial performance and strategic achievements.

Company Guidance

During Antero Midstream's second quarter 2025 earnings call, the company provided significant updates on its financial performance and future guidance. In the second quarter, Antero Midstream reported an EBITDA of $284 million, marking an 11% year-over-year increase, driven by record-setting gathering and processing volumes. The company's free cash flow after dividends surged by almost 90% compared to the previous year, reaching $82 million. This allowed for strategic share repurchases and debt reduction, bringing leverage down to 2.8x as of June 30. Furthermore, Antero Midstream increased its 2025 free cash flow guidance by $25 million at the midpoint, attributed to a $10 million rise in adjusted EBITDA and a $5 million reduction in the capital budget. The company also benefited from lower interest expenses by $5 million and anticipates reduced cash income taxes, projecting no material cash tax liability through at least 2028 due to favorable legislative changes. Additionally, Antero Midstream highlighted its strategic positioning to capitalize on LNG and Northeast demand growth, emphasizing its role in connecting low-cost production to premium-priced LNG markets while maintaining optionality for local market connections.

Record EBITDA Growth

Antero Midstream reported $284 million of EBITDA for the second quarter, an 11% year-over-year increase driven by record gathering and processing volumes.

Significant Free Cash Flow Increase

Free cash flow after dividends reached $82 million, marking an almost 90% increase compared to last year.

Debt Reduction and Improved Leverage

The company reduced its leverage to 2.8x, utilizing free cash flow for share repurchases and debt reduction.

Increased 2025 Guidance

Antero Midstream increased its adjusted EBITDA guidance by $10 million and lowered the capital budget range by $5 million.

Reuse Savings Exceeding Expectations

The compression reuse program has realized over $50 million in savings, with future savings estimates increased to over $85 million.

Favorable Tax Position

The company expects no material cash tax payments through at least 2028 due to the recently passed budget reconciliation bill.

Antero Midstream (AM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

AM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	0.24 / -	0.21	―	―	―
Jul 30, 2025	2025 (Q2)	0.25 / 0.26	0.18	44.44% (+0.08)
Apr 30, 2025	2025 (Q1)	0.23 / 0.25	0.21	19.05% (+0.04)
Feb 12, 2025	2024 (Q4)	0.23 / 0.23	0.21	9.52% (+0.02)
Oct 30, 2024	2024 (Q3)	0.21 / 0.21	0.2	5.00% (<+0.01)
Jul 31, 2024	2024 (Q2)	0.21 / 0.18	0.18	0.00% (0.00)
Apr 24, 2024	2024 (Q1)	0.22 / 0.21	0.18	16.67% (+0.03)
Feb 14, 2024	2023 (Q4)	0.20 / 0.21	0.17	23.53% (+0.04)
Oct 25, 2023	2023 (Q3)	0.19 / 0.20	0.17	17.65% (+0.03)
Jul 26, 2023	2023 (Q2)	0.19 / 0.18	0.17	5.88% (<+0.01)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

AM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$17.14	$18.35	+7.06%
Apr 30, 2025	$16.33	$16.65	+1.96%
Feb 12, 2025	$15.43	$16.38	+6.16%
Oct 30, 2024	$14.40	$13.79	-4.24%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Antero Midstream (AM) report earnings?

Antero Midstream (AM) is schdueled to report earning on Oct 22, 2025, After Close (Confirmed).

What is Antero Midstream (AM) earnings time?

Antero Midstream (AM) earnings time is at Oct 22, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is AM EPS forecast?

AM EPS forecast for the fiscal quarter 2025 (Q3) is 0.25.

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