Antero Midstream’s Smart CapEx Strategy: How It’s Fueling Next-Level Infrastructure Growth!

Antero Midstream Corporation, in its third-quarter 2024 investor conference call, provided key insights into its financial performance and strategic outlook. The company reported an EBITDA of $256 million, marking a modest 2% increase from the previous year. Free cash flow after dividends stood at $40 million, a significant 32% increase year-over-year. This growth was primarily driven by operational efficiencies and strategic capital allocation, rather than substantial revenue jumps, as throughput volumes remained steady and freshwater delivery volumes saw a sequential decline. The company utilized its free cash flow to reduce absolute debt, achieving a leverage ratio of 3.1x by September 30, with expectations of reducing this below 3x by year-end.