NYSE$AM

Antero Midstream Corp · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Antero Midstream Corp reported increased revenues and net income for Q2 2025.

Antero Midstream generated total revenue of $305 million in Q2 2025, up 13% year-over-year, driven by higher gathering, compression, and water handling volumes. Net income rose to $125 million with operating income of $186 million. The company continued returning capital through dividends and share repurchases while maintaining a strong balance sheet with no cash on hand at quarter end.

  • Total revenue reached $305 million, supported by 6-8% volume growth across gathering and compression segments.
  • Net income increased 45% to $125 million compared to Q2 2024.
  • Fresh water delivery volumes rose 21% year-over-year to 98 MBbl/d.
  • The company repurchased nearly 1 million shares during the quarter as part of its capital return program.

Headline financials

Total Revenue

$305M

Previous: $270M+13.2%
EPS (adj)

$0.26

Previous: $0.23+13.0%
Low Pressure Gathering

3.5K

No prior period
Compression

3.4K

No prior period
High Pressure Gathering

3.2K

No prior period
Fresh Water Delivery

98

No prior period
Wells Serviced by Fresh Water

11

No prior period
Other Fluid Handling

59

No prior period
Net Income

$125M

Previous: $86M+44.7%
Operating Income

$186M

Previous: $153M+22.1%

Revenue & EPS history

Antero Midstream · Revenue · Quarterly

$305M

Q2 2025+13.2%vs Q2 2024
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Antero Midstream · $305M total across 3 segments · Q2 2025

  • Gathering and Compression
    $249M
  • Water Handling
    $74.2M
  • Amortization
    -$17.7M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

-0.2%

Avg return

Earnings day

-1.4%

Avg return

5 days after

-0.8%

Avg return

30 days after

49%

17 / 35 earnings

Positive

+9.2%

Q1 2022

Best reaction

-12.5%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026-0.1%-0.5%-4.3%
Q4 2025+2.3%+4.9%+13.2%
Q3 2025-0.2%-1.9%+2.7%
Q1 2025+1.9%+5.8%+13.5%
Q4 2024+6.1%+5.9%+7.3%
Q3 2024-3.4%-3.0%+7.3%
Q2 2024-3.6%-8.0%+2.1%
Q1 2024+2.1%+1.7%+3.4%
Q4 2023+6.2%+6.2%+14.4%
Q3 2023+1.7%+0.4%+9.1%
Q2 2023-0.9%+1.8%+1.8%
Q1 2023+4.7%+10.3%+5.7%
Q4 2022+1.0%-2.4%-9.1%
Q3 2022+0.5%+4.0%+8.0%
Q2 2022+0.9%+2.9%+7.5%
Q1 2022+9.2%+3.7%+11.5%
Q4 2021-5.3%-3.7%+2.6%
Q3 2021-1.7%-3.1%-7.2%
Q2 2021+0.7%-3.9%+0.9%
Q1 2021-2.2%-2.3%+6.8%
Q4 2020-12.5%-12.4%-3.2%
Q3 2020-5.8%-11.9%+9.6%
Q1 2020+2.6%+1.7%+3.2%
Q4 2019-0.6%-4.8%-31.7%
Q3 2019-1.9%-8.9%-36.5%
Q2 2019-6.7%-12.5%-21.3%
Q1 2019+0.7%-1.1%+0.1%
Q4 2018+1.5%-5.9%-8.6%
Q3 2018-0.4%-3.9%-6.0%
Q2 2018-0.9%-1.7%-12.1%
Q1 2018+4.3%+3.3%+9.2%
Q4 2017+4.5%+4.6%-13.4%
Q3 2017-2.8%-2.6%-3.7%
Q2 2017-5.8%-7.1%-10.4%
Q1 2017-1.3%-3.5%-0.2%
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q1 2015
Q4 2014
Q2 2014

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