Description

Antero Midstream: 400 New Locations, One Infrastructure Network: Why HG Assets Matter More After 2027!

Antero Midstream Corporation showcased a mixed financial performance in its fourth quarter of 2025 and anticipated continued growth into 2026 and 2027. The company reported a 4% year-over-year increase in adjusted EBITDA for the fourth quarter, amounting to $285 million, primarily driven by higher gathering and compression volumes. Meanwhile, free cash flow after dividends also showed a robust 30% annual increase, reaching a company record of $325 million for the year, facilitated by capital-efficient organic growth. The acquisition of HG Midstream for $1.1 billion was highlighted as a strategic move to bolster Antero Midstream’s asset base within the Marcellus shale. This acquisition is expected to enhance operational synergy and contribute to high single-digit EBITDA growth, while the integration of water systems adds to the positive outlook. The company has forecasted an 8% EBITDA growth and 11% free cash flow growth for 2026, with over $1.