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Antero Midstream (AM) - 2025 Q3 - Earnings Call Presentation

Financial Performance - Antero Midstream's Adjusted EBITDA increased by 10% year-over-year in 3Q25[10] - Free Cash Flow (FCF) after Dividends increased significantly by 94% year-over-year in 3Q25[10] - The company's leverage ratio (Net Debt/Adjusted EBITDA) improved to 2.7x[10] Operational Achievements - Antero Midstream achieved a high uptime availability of over 99%[11] - Gathering and compression volumes increased by 5% year-over-year[11] - Processing and fractionation capacity had a 100% utilization rate[11] Balance Sheet and Liquidity - As of September 30, 2025, Antero Midstream had over $870 million in liquidity with no near-term maturities[15] - Consolidated total debt was $3,029.6 million as of September 30, 2025[23] - Adjusted EBITDA for the last twelve months ended September 30, 2025, was $1,114.072 million[23]