Antero Midstream Corp. (AM)

Several events have impacted Antero Midstream Corp. stock price over the past six months. The company exceeded EPS forecasts by 8% but missed revenue expectations by 8.52% in Q3 2025, leading to a 2.45% premarket stock decline, despite reporting a 10% year-over-year increase in adjusted EBITDA and a 94% year-over-year increase in free cash flow after dividends. Antero Midstream also reduced absolute debt by $175 million, improving its leverage ratio to 2.7x, and refinanced notes to extend maturity to 2033, which contributed to a credit rating upgrade from Moody's. Antero Midstream announced the pricing of an upsized $650 million offering of senior notes and executive and board changes. Antero Midstream Corporation was dropped from the Russell 1000 Growth Index and the Russell Small Cap Comp Growth Index. As of November 25, 2025, the stock was trading at $17.60, with a 52-week range of $14.22 to $19.82, gaining 20.34% over the past 365 days.

Antero Midstream's business model is built on long-term, fee-based contracts, primarily with Antero Resources Corporation, which minimizes exposure to commodity price fluctuations and provides stable cash flows. The demand for its services is more directly tied to Antero Resources' drilling and production activities, which are backed by long-term agreements, reducing the direct impact from typical demand seasonality.

Antero Midstream Corporation operates as a logistics provider within the Energy sector, focusing on owning and operating infrastructure for gathering, processing, and transporting natural gas and NGLs. The company also provides water handling services for hydraulic fracturing operations, utilizing an extensive network of pipelines, compression facilities, and processing plants. Its business model relies on long-term, fee-based contracts, primarily with Antero Resources Corporation, which minimizes exposure to commodity price volatility.

Antero Midstream Corporation's operations are concentrated in the Appalachian Basin, specifically within West Virginia and Ohio. Its assets are strategically located in the Marcellus and Utica Shales.

Antero Midstream emphasizes its commitment to ESG initiatives, aiming to be a responsible neighbor in the Appalachian communities where it operates. The company highlights its efforts in minimizing environmental impact through advanced water recycling technologies and reducing methane emissions. It also supports local communities through The Antero Foundation, contributing to non-profit organizations focused on education, arts and culture, environmental protection, health, and community development. No specific negative events significantly impacting Antero Midstream's brand reputation in the past year were found in the provided search results.

Ownership of Antero Midstream Corporation is primarily concentrated among institutional investors and its parent/sponsor company, Antero Resources Corporation. Antero Resources Corporation holds 29% of outstanding shares, while institutional investors collectively hold a significant stake of 57%. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, Invesco Ltd., Tortoise Capital Advisors, L.l.c., State Street Corp, Geode Capital Management, Llc, and Dimensional Fund Advisors Lp. Insiders own less than 1% of the company's shares.