Compared to Estimates, Antero Midstream (AM) Q4 Earnings: A Look at Key Metrics

Core Insights - Antero Midstream Corporation reported $297 million in revenue for Q4 2025, marking a year-over-year increase of 3.3% and a surprise of +1.06% over the Zacks Consensus Estimate of $293.9 million [1] - The company's EPS for the same period was $0.11, down from $0.23 a year ago, resulting in an EPS surprise of -53.78% compared to the consensus estimate of $0.24 [1] Financial Performance - Average Daily Volumes for Low Pressure Gathering were 3,435 million cubic feet per day, exceeding the analyst estimate of 3,398.51 million cubic feet per day [4] - Average Daily Volumes for High Pressure Gathering were 3,193 million cubic feet per day, surpassing the estimate of 3,146.83 million cubic feet per day [4] - Average Daily Volumes for Compression reached 3,424 million cubic feet per day, above the estimate of 3,345.64 million cubic feet per day [4] - Average Daily Volumes for Fresh Water Delivery were 93 million barrels of oil per day, below the estimate of 98.28 million barrels of oil per day [4] - Average Daily Volumes for Other Fluid Handling were 58 million barrels of oil per day, exceeding the estimate of 53.34 million barrels of oil per day [4] Revenue Breakdown - Revenues from Water Handling for Antero Resources were $63.22 million, slightly below the average estimate of $64.68 million, representing a year-over-year decline of -9.8% [4] - Revenues from Gathering and Processing for Antero Resources were $250.54 million, exceeding the average estimate of $246.11 million, with a year-over-year increase of +6.8% [4] - Revenues from Gathering and Processing were reported at $241.27 million, above the average estimate of $234.9 million, reflecting a year-over-year increase of +7.1% [4] - Revenues from Water Handling were $64.13 million, surpassing the average estimate of $58.53 million, indicating a year-over-year increase of +3.2% [4] - Amortization of customer relationships reported at -$17.67 million, slightly better than the average estimate of -$18.11 million, with no year-over-year change [4] Stock Performance - Antero Midstream shares have returned +12.4% over the past month, contrasting with the Zacks S&P 500 composite's -0.3% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]