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Antero Midstream's Q1 Earnings and Revenues Beat Estimates
AMAntero Midstream (AM) ZACKS·2025-05-01 13:26

Core Viewpoint - Antero Midstream Corporation (AM) reported strong first-quarter 2025 results, with adjusted earnings per share of 28 cents, surpassing estimates and showing an increase from the previous year [1]. Financial Performance - Total quarterly revenues reached 291million,exceedingtheZacksConsensusEstimateof291 million, exceeding the Zacks Consensus Estimate of 281 million and up from 279millionintheprior−yearquarter[1].−Adjustedearningspershareincreasedfrom24centsintheprior−yearquarterto28cents[1].OperationalPerformance−Averagedailycompressionvolumeswere3,330millioncubicfeet(MMcf/d),upfrom3,260MMcf/dintheyear−agoquarterandabovetheestimateof3,298MMcf/d[3].−High−pressuregatheringvolumestotaled3,106MMcf/d,anincreasefrom2,966MMcf/dyear−over−yearandabovetheestimateof3,049MMcf/d[4].−Low−pressuregatheringvolumesaveraged3,348MMcf/d,slightlyupfrom3,301MMcf/dayearagobutbelowtheestimateof3,466MMcf/d[5].−Freshwaterdeliveryvolumeswere105MBbls/d,downapproximately7279 million in the prior-year quarter [1]. - Adjusted earnings per share increased from 24 cents in the prior-year quarter to 28 cents [1]. Operational Performance - Average daily compression volumes were 3,330 million cubic feet (MMcf/d), up from 3,260 MMcf/d in the year-ago quarter and above the estimate of 3,298 MMcf/d [3]. - High-pressure gathering volumes totaled 3,106 MMcf/d, an increase from 2,966 MMcf/d year-over-year and above the estimate of 3,049 MMcf/d [4]. - Low-pressure gathering volumes averaged 3,348 MMcf/d, slightly up from 3,301 MMcf/d a year ago but below the estimate of 3,466 MMcf/d [5]. - Freshwater delivery volumes were 105 MBbls/d, down approximately 7% from 113 MBbls/d in the prior year, but the average distribution fee increased to 4.38 from 4.30[6].OperatingExpenses−Directoperatingexpensesroseto4.30 [6]. Operating Expenses - Direct operating expenses rose to 56.8 million from 53.9millionayearago[7].−Totaloperatingexpensesincreasedto53.9 million a year ago [7]. - Total operating expenses increased to 113.9 million from 112.8millioninthecorrespondingperiodof2024[7].BalanceSheet−AsofMarch31,2024,thecompanyreportednocashandcashequivalentsandhadlong−termdebtof112.8 million in the corresponding period of 2024 [7]. Balance Sheet - As of March 31, 2024, the company reported no cash and cash equivalents and had long-term debt of 3,116.9 million [8]. Market Position - Antero Midstream currently holds a Zacks Rank 3 (Hold) [9]. - Other notable companies in the energy sector include Archrock Inc. (AROC), Kinder Morgan, Inc. (KMI), and Enterprise Products Partners L.P. (EPD), with varying ranks and performance metrics [9][10][11][13].