Antero Midstream Q2 revenue slightly beats estimates, adjusted EBITDA misses
AM•Outlook
- Company expects increased gathering and water volumes to drive EBITDA growth in H2 2026
- Company says water integration projects are on track to drive high-single digit EBITDA growth in 2027
- Antero Midstream says improved liquidity and balance sheet capacity position it for growth opportunities
Q2 results
- U.S. midstream operator's Q2 revenue slightly beat analyst expectations
- Q2 adjusted EBITDA missed analyst expectations
- Company began construction on first intrastate regional pipeline and repurchased shares
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Slight Beat* | $327 mln | $323.97 mln (3 Analysts) |
| Q2 Adjusted Net Income | Miss | $131 mln | $143.36 mln (2 Analysts) |
| Q2 Net Income | $114 mln | ||
| Q2 Adjusted EBITDA | Miss | $289 mln | $301.06 mln (7 Analysts) |
| Q2 Capex | $47 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Result drivers
- VOLUME GROWTH - Gathering and compression volumes rose 19% and 17% year-over-year, setting new company records, per CEO Michael Kennedy
