Antero Midstream Corporation: Why Are We Pessimistic Despite The Favorable Natural Gas Market Conditions?

Antero Midstream reported a robust performance in the first quarter of 2024, characterized by operational achievements and financial growth that suggest a stable and improving trajectory for the company. During this period, significant capital projects were completed, operational efficiencies were realized, especially in the water business, and there were notable enhancements in natural gas and liquids transportation capacities that align with future throughput growth projections.