Q4: 2026-02-11 Earnings Summary
EPS of $0.28 beats by $0.01
| Revenue of $297.00M (3.31% Y/Y) beats by $5.19M
Antero Midstream Corporation (AM) Q4 2025 Earnings Call February 12, 2026 12:00 PM EST
Company Participants
Daniel Katzenberg – Director of Finance & Investor Relations
Michael Kennedy – President CEO & Director
Justin Agnew – CFO, VP of Finance & VP of Investor Relations
Conference Call Participants
John Mackay – Goldman Sachs Group, Inc., Research Division
Presentation
Operator
Greetings. Welcome to Antero Midstream Fourth Quarter 2025 Earnings Call. [Operator Instructions] Please note, this conference is being recorded.
I will now turn the conference over to Dan Katzenberg, Director of Finance. Thank you. You may begin.
Daniel Katzenberg
Director of Finance & Investor Relations
Thank you for joining us for Antero Midstream’s Fourth Quarter Investor Conference Call. We’ll spend a few minutes going through the financial and operating highlights, and then we’ll open it up for Q&A.
I would also like to direct you to the home page of our website at anteromidstream.com, where we have provided a separate earnings call presentation that will be reviewed during today’s call. Today’s call may also contain certain non-GAAP financial measures. Please refer to our earnings press release for important disclosures regarding such measures.
Joining me on the call today are Michael Kennedy, CEO and President of Antero Midstream; Justin Agnew, CFO of Antero Midstream; and Brendan Krueger, CFO of Antero Resources. With that, I’ll turn the call over to Mike.
Michael Kennedy
President CEO & Director
Thanks, Dan. Good morning, everyone. We recently closed the acquisition of HG Midstream for $1.1 billion. This bolt-on asset in the core of the Marcellus shale adds over 400 highly economic undeveloped locations dedicated to Antero Midstream that immediately compete for development capital and infrastructure projects in 2026. This asset is a strategic fit in AM’s portfolio and will follow our just-in-time capital investment strategy that generates consistent and repeatable free cash flow.
