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It has been about a month since the last earnings report for Antero Midstream Corporation (AM). Shares have lost about 3.2% in that time frame, underperforming the S&P 500. But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Antero Midstream due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important drivers. first-quarter 2026 earnings per share of 25 cents, missing the Zacks Consensus Estimate of 26 cents by 3.9%. Earnings were in line with the year-ago quarter’s level of 25 cents. Total quarterly revenues of $314.21 million beat the Zacks Consensus Estimate of $300.07 million by 4.7%. The top line also improved 7.9% from $291.13 million in the year-ago quarter. Full capacity utilization in processing and fractionation underscored robust demand despite inflationary cost pressures. The lower-than-expected quarterly earnings can be attributed to an increase in total operating expenses. However, higher gathering and compression volumes partially offset the negatives. Gathering and centralized compression revenues rose to $262.00 million from $238.02 million a year ago, driven by higher throughput. Total average daily gathering volumes increased 14% year over year to 3,805 million cubic feet (MMcf/d) from 3,348 MMcf/d, reflecting continued activity on AM’s dedicated acreage. The reported figure was above our estimate of 3,361 MMcf/d. On a per-Mcf basis, the average gathering fee increased 3% from 36 cents a year ago to 37 cents. High-pressure gathering volumes totaled 3,133 MMcf/d, up 1% from the year-ago level of 3,106 MMcf/d. Our estimate for the same was 3,185 MMcf/d. On a per-Mcf basis, the average high-pressure gathering fee was 23 cents, which remained flat year over year. The reported figure met our estimate of 23 cents. Centralized compression volumes averaged 3,370 MMcf/d compared with 3,330 MMcf/d a year ago. The figure was below our estimate of 3,400 MMcf/d. On a per-Mcf basis, the average centralized compression fee was 23 cents, which remained flat year over year. The reported figure met our estimate of 23 cents. Antero Midstream's Water Handling Mix Shifted Sharply Fresh water delivery volumes averaged 83 MBbl/d, down 21% from 105 MBbl/d in the...

Antero Midstream AM reported first-quarter 2026 earnings per share of 25 cents, missing the Zacks Consensus Estimate of 26 cents by 3.9%. Earnings were in line with the year-ago quarter’s level of 25 cents. Total quarterly revenues of $314.21 million beat the Zacks Consensus Estimate of $300.07 million by 4.7%. The top line also improved 7.9% from $291.13 million in the year-ago quarter. Full capacity utilization in processing and fractionation underscored robust demand despite inflationary cost pressures. The lower-than-expected quarterly earnings can be attributed to an increase in total operating expenses. However, higher gathering and compression volumes partially offset the negatives. Antero Midstream Corporation price-consensus-eps-surprise-chart | Antero Midstream Corporation Quote Gathering and centralized compression revenues rose to $262.00 million from $238.02 million a year ago, driven by higher throughput. Total average daily gathering volumes increased 14% year over year to 3,805 million cubic feet (MMcf/d) from 3,348 MMcf/d, reflecting continued activity on AM’s dedicated acreage. The reported figure was above our estimate of 3,361 MMcf/d. On a per-Mcf basis, the average gathering fee increased 3% from 36 cents a year ago to 37 cents. High-pressure gathering volumes totaled 3,133 MMcf/d, up 1% from the year-ago level of 3,106 MMcf/d. Our estimate for the same was 3,185 MMcf/d. On a per-Mcf basis, the average high-pressure gathering fee was 23 cents, which remained flat year over year. The reported figure met our estimate of 23 cents. Centralized compression volumes averaged 3,370 MMcf/d compared with 3,330 MMcf/d a year ago. The figure was below our estimate of 3,400 MMcf/d. On a per-Mcf basis, the average centralized compression fee was 23 cents, which remained flat year over year. The reported figure met our estimate of 23 cents. Fresh water delivery volumes averaged 83 MBbl/d, down 21% from 105 MBbl/d in the prior-year quarter, pointing to a different cadence of completion activity on the legacy system. The figure was below our estimate of 106 MBbl/d. On a per-barrel basis, the average realized fresh water delivery fee was $4.44 compared with $4.38 a year ago, reflecting annual CPI-based adjustments embedded in the contracts. The figure was above our estimate of $4.39. Other water handling volumes jumped to 93 MBbl/d from 58 MBbl/d, a 60% i...

Antero Midstream reported Q1 adjusted EBITDA of $288 million (up 5% YoY) and free cash flow of $192 million before dividends and $85 million after dividends (an 8% YoY increase), ending the quarter with leverage in the low‑3x range and over $800 million of liquidity while keeping 2026 guidance unchanged. The company closed its largest acquisition (~$1.1 billion) in February, integrated the assets through winter storm Gerri without outages, commissioned a dry‑gas compression expansion, and began water‑system integration due to be completed by year‑end to enable servicing of the acquired assets in 2027. Management expects seasonal capex to rise, forecasts gradual EBITDA growth driven by increased gathering and freshwater delivery and the water integration (targeting high single‑digit EBITDA growth and declining leverage toward ~3.0x by year‑end 2026), and sees incremental demand opportunities from data centers and local power projects. Interested in Antero Midstream Corporation? Here are five stocks we like better. AST SpaceMobile Gets FCC Green Light for Direct-to-Device Service After Launch Setback Antero Midstream (NYSE:AM) reported first-quarter 2026 results that management said reflected continued execution on strategic initiatives, including closing what it described as the company’s largest acquisition to date and delivering year-over-year growth in both adjusted EBITDA and free cash flow despite adverse winter weather. CEO and President Michael Kennedy said the first quarter “was an exciting quarter” as the company “successfully navigated adverse winter weather conditions and delivered another quarter of EBITDA and free cash flow growth.” Kennedy also said the company closed its largest acquisition in February “ahead of our initial expectations.” → Corning Beats Q1 Estimates but Drops 9% on Guidance Miss AST SpaceMobile Drops 15% After Blue Origin Satellite Mishap CFO Justin Agnew said the company took over operations of the newly acquired assets “right in the middle of winter storm Gerri” and emphasized operational performance during the storm. “We did not experience any outages during the storm, highlighting the benefit of integrated planning and communication between the upstream and midstream businesses,” Agnew said. Kennedy pointed to “recent geopolitical events and data center announcements” as reinforcing what he characterized as “significant de...

Image source: The Motley Fool. Thursday, April 30, 2026 at 12 p.m. ET Chief Financial Officer — Michael Kennedy President — Justin Agnew Chief Executive Officer — Dan Katzenberg Need a quote from a Motley Fool analyst? Email [email protected] Michael Kennedy: Thanks, Dan. Good morning, everyone. I will start my comments on Slide three. The first quarter of 2026 was an exciting quarter for Antero Midstream Corporation as we continued to make progress on our strategic initiatives. We successfully navigated adverse winter weather conditions and delivered another quarter of EBITDA and free cash flow growth. In addition, we closed the company's largest acquisition to date in February, which was ahead of our initial expectations. These achievements highlight two of Antero Midstream Corporation's greatest strengths: a world-class asset base in the lowest-cost basin in North America and the hard work and dedication from our team. As we look ahead, recent geopolitical events and data center announcements highlight the significant demand growth for U.S. energy both domestic and abroad. Given this outlook, we are focused on enhancing connectivity within our operating areas, particularly in the dry gas area and the newly acquired assets, providing cost-effective integrated solutions for this demand growth. Our balance sheet, scale, and integrated planning with our investment-grade producer position us well to capitalize on these growth opportunities. Now let us move on to Slide four to highlight some of our 2026 growth projects. At the end of the first quarter, we commissioned our dry gas compression expansion depicted on the right-hand side of the page. This station utilized relocated and repurposed units to support our first dry gas Marcellus pad in over a decade. During the first quarter, we also commenced our initial water system integration efforts. This capital investment to connect Antero Midstream Corporation's water system to the acquired water system is on track to be completed by year-end and will allow AM to begin servicing completions on the acquired assets in 2027. Today, there are currently three rigs running on AM-dedicated acreage on the rich gas system, one in the dry gas system, and one on the acquired blended system. This balanced and consistent development program delivers low-cost volume growth and is expected to drive high-single-digit EBITDA growth for...

This article first appeared on GuruFocus. Adjusted EBITDA: $288 million, a 5% increase year over year. Free Cash Flow Before Dividends: $192 million. Free Cash Flow After Dividends: $85 million, an 8% increase year over year. Leverage: Exited the quarter with leverage in the low 3 times range. Liquidity: Over $800 million. Acquisition: Completed a $1.1 billion acquisition. Warning! GuruFocus has detected 5 Warning Signs with INVH. Is AM fairly valued? Test your thesis with our free DCF calculator. Release Date: April 30, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Antero Midstream Corp (NYSE:AM) reported a 5% year-over-year increase in adjusted EBITDA, reaching $288 million, driven by increased gathering, compression, and processing volumes. The company successfully navigated adverse winter weather conditions without experiencing any outages, highlighting the benefit of integrated planning and communication between upstream and midstream businesses. Antero Midstream Corp (NYSE:AM) closed its largest acquisition to date ahead of initial expectations, demonstrating effective execution of strategic initiatives. The company generated $192 million of free cash flow before dividends and $85 million after dividends, marking an 8% increase year over year. Antero Midstream Corp (NYSE:AM) maintained a strong balance sheet with leverage in the low 3 times range and over $800 million of liquidity, even after a $1.1 billion acquisition and share repurchases. The integration of newly acquired assets requires significant capital investment, with $25 million needed to fully integrate the acquired HG assets. Antero Midstream Corp (NYSE:AM) anticipates an increase in capital expenditures in the coming quarters, which could impact short-term cash flow. The company's growth projections are heavily reliant on the successful integration of the water system and the execution of local demand projects, which may pose operational challenges. There is uncertainty regarding the timeline and potential returns from larger infrastructure projects, as the company did not provide specific metrics or timelines. The company's growth targets are contingent on Antero Resources' (AR) underlying growth, which introduces dependency on external factors beyond Antero Midstream Corp (NYSE:AM)'s control. Q: Can you discuss the opportunities...

Delivered 5% year-over-year EBITDA growth despite adverse winter weather, attributed to increased gathering, compression, and processing volumes. Successfully closed the company's largest acquisition to date in February 2026, ahead of initial expectations, expanding the footprint in the Marcellus basin. Leveraged integrated planning with Antero Resources to maintain zero outages during winter storms, demonstrating the operational benefits of the upstream-midstream partnership. Commissioned a dry gas compression expansion using relocated and repurposed units to support the first dry gas Marcellus pad in over a decade. Positioned as the 'industrial builder' of Northern West Virginia, utilizing a greenfield expansion model across gathering, compression, and water infrastructure. Strategic focus shifted toward enhancing connectivity in dry gas areas and newly acquired assets to meet growing domestic and international energy demand. Expects high-single-digit EBITDA growth for the foreseeable future, driven by the integration of the acquired water system and servicing completions starting in 2027. Anticipates an increase in capital expenditures over the coming quarters to align with the full-year budget during the improved construction season. Projects leverage will decline toward a long-term target of 3.0 times by year-end 2026, supported by gradual EBITDA growth from gathering and freshwater delivery. Identified incremental return opportunities in local power projects and data center demand, requiring infrastructure laterals and water system build-outs. EBITDA growth could exceed high-single-digit targets in 2027 and 2028 if Antero Resources maintains a three-rig and two-completion crew program without building DUCs. Allocated approximately $25 million for the full integration of acquired HG assets, with the process currently about halfway complete. Water system integration is on track for completion by year-end 2026, while gathering system connectivity required a modest $5 million investment. Utilized free cash flow after dividends to finance a portion of the $1.1 billion acquisition and execute opportunistic share repurchases. Maintained over $800 million of liquidity and a leverage ratio in the low three-times range following the significant acquisition close. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you inves...

Antero Midstream (AM) reported Q1 adjusted earnings late Wednesday of $0.29 per diluted share, up fr

DENVER, April 29, 2026 /PRNewswire/ -- Antero Midstream Corporation (NYSE: AM) ("Antero Midstream" or the "Company") today announced its first quarter 2026 financial and operating results. The relevant consolidated financial statements are included in Antero Midstream's Quarterly Report on Form 10-Q for the three months ended March 31, 2026. First Quarter 2026 Highlights: Gathering volumes increased by 14% compared to the prior year quarter Net Income was $118 million, or $0.25 per diluted share, in line with the prior year quarter Adjusted Net Income was $138 million, or $0.29 per diluted share, a 4% per share increase compared to the prior year quarter (non-GAAP measure) Adjusted EBITDA was $288 million, a 5% increase compared to the prior year quarter (non-GAAP measure) Capital expenditures were $42 million Adjusted Free Cash Flow after dividends was $85 million, an 8% increase compared to the prior year quarter (non-GAAP measure) Repurchased 1.0 million shares for $18 million Michael Kennedy, CEO and President said, "Antero Midstream delivered another quarter of volume and EBITDA growth while closing the Company's largest acquisition to-date. Our ability to close the HG acquisition and integrate operations while avoiding any outages during Winter Storm Fern, is a testament to the hard work and dedication of our team." Mr. Kennedy continued, "In addition to the integration efforts that remain on schedule, we continue to invest capital to improve the connectivity and market outlets on our gathering systems. These capital projects supported our first dry gas Marcellus Shale pad in over a decade, as well as our first pad on the acquired assets, that were connected during the second quarter. These pads deliver volumetric growth and position Antero Midstream to help supply the rising demand for U.S. Energy." Justin Agnew, CFO of Antero Midstream, said, "Antero Midstream's strong balance sheet and consistent Free Cash Flow generation, combined with the sale of our Ohio Utica Shale assets, allowed us to finance the HG Energy acquisition while maintaining leverage in the low 3-times range. Looking ahead we expect our just-in-time organic strategy, bolstered by the highly accretive HG Energy acquisition, to continue delivering high-single digit EBITDA growth in the future." For a discussion of the non-GAAP financial measures, including Adjusted EBITDA, Adjusted Ne...

Kinder Morgan Inc. KMI reported first-quarter 2026 adjusted earnings per share (EPS) of 48 cents, which beat the Zacks Consensus Estimate of 38 cents. The bottom line increased year over year from 34 cents. Total quarterly revenues of $4.83 billion beat the Zacks Consensus Estimate of $4.65 billion. The top line also increased from $4.24 billion in the prior-year quarter. The strong quarterly results can be primarily attributed to contributions from the Natural Gas Pipelines business segment. Kinder Morgan, Inc. price-consensus-eps-surprise-chart | Kinder Morgan, Inc. Quote Natural Gas Pipelines: In the March-ended quarter, adjusted earnings before depreciation, depletion and amortization expenses (EBDA) jumped to $1.80 billion from $1.53 billion a year ago. The segment achieved record financial results in the first quarter, primarily driven by higher contributions from the Texas Intrastate system due to cold weather as well as from the Tennessee Gas Pipeline. Natural gas transport volumes, natural gas sales volumes and gathering volumes were also higher compared with the first quarter of 2025. Product Pipelines: The segment’s EBDA in the first quarter of 2026 was $325 million, an increase from $274 million recorded a year ago. The increase can be attributed to higher transport benefiting the transmix business, recovery of retroactive rate increases after a favorable court ruling and the recovery from a previous turnaround at the condensate processing facility. Terminals: Kinder Morgan generated a quarterly EBDA of $330 million from the segment, higher than the $275 million reported in the year-ago period. Liquids utilization was 93.5% in the quarter, lower than 94.3% in the prior-year quarter. The segment was aided by the liquids terminals business, supported by increased rates and ancillary fees at the Houston Ship Channel hub, early termination payments from storage agreements and increased earnings from fully contracted bulk terminals and Jones Act tankers. CO2: The segment’s EBDA was $189 million, up from the year-ago quarter’s $182 million. Expenses related to operations and maintenance remained flat year over year at $711 million. However, the total operating costs, expenses and other expenditures increased to $3.38 billion from $3.10 billion. KMI’s project backlog was reported at $10.1 billion by the end of the first quarter. The midstream energy maj...

DENVER, April 15, 2026 /PRNewswire/ -- Antero Midstream Corporation (NYSE: AM) ("Antero Midstream" or the "Company") today announced that the Board of Directors of Antero Midstream declared a cash dividend of $0.225 per share for the first quarter of 2026. The Company also repurchased approximately 1.0 million shares during the first quarter. In addition, Antero Midstream announced plans to issue its first quarter 2026 earnings on Wednesday, April 29, 2026 after the close of trading on the New York Stock Exchange. First Quarter 2026 Return of Capital The Board of Directors of Antero Midstream declared a cash dividend of $0.225 per share for the first quarter of 2026, or $0.90 per share on an annualized basis. The dividend will be payable on May 13, 2026 to stockholders of record as of April 29, 2026. This represents the 46th consecutive quarterly dividend or distribution paid since Antero Midstream Partners LP's initial public offering in November 2014. In addition, during the first quarter of 2026, Antero Midstream repurchased approximately 1.0 million shares for approximately $18 million. Antero Midstream had approximately $318 million of remaining share repurchase capacity under its $500 million authorized share repurchase program as of March 31, 2026. First Quarter 2026 Earnings Release Date and Conference Call Antero Midstream plans to issue its first quarter 2026 earnings on Wednesday, April 29, 2026 after the close of trading on the New York Stock Exchange. A conference call is scheduled on Thursday, April 30, 2026 at 10:00 am MT to discuss the financial and operational results. A brief Q&A session for security analysts will immediately follow the discussion of the results. To participate in the call, dial in at 877-407-9126 (U.S.), or 201-493-6751 (International) and reference "Antero Midstream." A telephone replay of the call will be available until Thursday, May 7, 2026 at 10:00 am MT at 877-660-6853 (U.S.) or 201-612-7415 (International) using the conference ID: 13758947. To access the live webcast and view the related earnings conference call presentation, visit Antero Midstream's website at www.anteromidstream.com. The webcast will be archived for replay until Thursday, May 7, 2026 at 10:00 am MT. Antero Midstream Corporation is a Delaware corporation that owns, operates and develops midstream gathering, compression, processing and fractionation...

DENVER, April 15, 2026 /PRNewswire/ -- Antero Resources (NYSE: AR) ("Antero" or the "Company") today announced that the Company plans to issue its first quarter 2026 earnings release on Wednesday, April 29, 2026 after the close of trading on the New York Stock Exchange. A conference call is scheduled on Thursday, April 30, 2026 at 9:00 am MT to discuss the financial and operational results. A brief Q&A session for security analysts will immediately follow the discussion of the results. To participate in the call, dial in at 877-407-9079 (U.S.), or 201-493-6746 (International) and reference "Antero Resources." A telephone replay of the call will be available until Thursday, May 7, 2026 at 9:00 am MT at 877-660-6853 (U.S.) or 201-612-7415 (International) using the conference ID: 13758944. To access the live webcast and view the related earnings conference call presentation, visit Antero's website at www.anteroresources.com. The webcast will be archived for replay until Thursday, May 7, 2026 at 9:00 am MT. Antero Resources is an independent natural gas and natural gas liquids company engaged in the acquisition, development and production of unconventional properties located in the Appalachian Basin in West Virginia. In conjunction with its affiliate, Antero Midstream (NYSE: AM), Antero is one of the most integrated natural gas producers in the U.S. The Company's website is located at www.anteroresources.com. View original content to download multimedia:https://www.prnewswire.com/news-releases/antero-resources-announces-first-quarter-2026-earnings-release-date-and-conference-call-302743669.html