Core Viewpoint - Antero Midstream Corporation (NYSE:AM) has shown strong financial performance in Q4 2025 and has a positive outlook for FY 2026, despite a slight revenue miss in the recent quarter [3][5]. Financial Performance - The company reported an adjusted EPS of $0.28 for Q4 2025, exceeding forecasts by $0.01 [3]. - Adjusted net income and adjusted EBITDA increased by 8% and 4% year-over-year, respectively [3]. - Revenue for Q4 2025 was approximately $287.5 million, falling short of expectations by $4.34 million [3]. - Free cash flow after dividends rose by 30% for the full year 2025, attributed to capital-efficient organic growth and throughput [4]. - EBITDA growth of 7% year-over-year for 2025 marks the eleventh consecutive year of growth since the company's IPO in 2014 [4]. Future Outlook - For FY 2026, Antero Midstream targets net income between $485 million and $535 million, representing a 23% increase from 2025 [5]. - The company forecasts adjusted EBITDA of $1.19 billion to $1.24 billion for FY 2026, indicating an 8% increase at the midpoint compared to 2025 [5]. - Capital expenditure guidance for 2026 is set between $190 million and $220 million [5].