Antero Midstream: Shrugs Off Volume Worries

Diy13 Last February, I started coverage of Antero Midstream (NYSE:AM) with a “Buy” rating, citing benefits coming from upcoming rebate roll-offs, a recent acquisition, and a commitment to lower its leverage. The stock has generated a 24% return since then, keeping pace with S&P. I last covered the stock in November, saying I thought a potential distribution increase sometime in 2024 could be a catalyst. The stock has a return of -4% versus a 10% gain in the S&P over the same period. With AM rebounding a ...