AMAntero Midstream Corporation
Antero Midstream Corporation (AM) operates as a midstream energy company, primarily engaged in the gathering, processing, transportation, and marketing of natural gas. The company’s next catalyst is the Oct 28, 2026 — Q3 2026 Earnings Release, which will test its ability to deliver on the 2026 guidance and the recent asset acquisition. The earnings report will provide critical insight into the integration of the new asset and the performance of its core midstream operations.
- Revenue growth of 7.4% YoY in 2026 suggests continued expansion, though net income remains negative at -$192.53M, reflecting the capital-intensive nature of midstream assets.
- Debt-to-equity of 1.63x highlights leverage, but the company’s $1.97B in shareholders’ equity provides a buffer.
- Net margin of -15.5% TTM underscores the industry’s low-margin, high-capital structure, with earnings power tied to volume and pricing power.
The Read
Antero Midstream's stock surged 11% on strong 2026 guidance and a significant asset acquisition, then rallied another 6.
The schedule
- Wed28Oct
Earnings release for Q3 2026, with potential guidance on future performance.
- Tue9Feb
- Wed28Apr
- Wed28Jul
Past
- Wed29Jul
Actual outcome: Bull · $21.85 at outcome
Antero Midstream reported Q2 2026 earnings with an EPS of $0.25, exactly meeting Wall Street estimates. Investors responded favorably to the company's underlying financial and operating results, driving the stock up to $21.97 and exceeding the bull target.
- Wed29Apr
Actual outcome: Mixed · $21.86 at outcome
The company reported in-line earnings with expectations, and guidance remained stable. The stock rallied as the market interpreted the consistent guidance and strategic initiatives as positive signs for long-term growth, despite the lack of material price movement immediately after the event.
- Fri20Mar
Actual outcome: Bull · $23.19 at outcome
Antero Midstream reached record highs as significant institutional buying from firms like Chickasaw Capital and Algert Global outweighed concerns regarding natural gas price volatility. The stock's rally past the bull target was driven by strong post-earnings momentum and the midstream model's perceived resilience amidst energy sector instability caused by geopolitical tensions.
- Wed11Feb
Actual outcome: Bull · $20.97 at outcome
Antero Midstream met EPS estimates and issued strong 2026 guidance forecasting 11% free cash flow growth and double-digit earnings growth, driven by the integration of a significant new asset acquisition. While higher operating expenses weighed on the immediate Q4 results, investors focused on the accretive acquisition and the potential for a 2027 dividend hike, driving the stock well past the bull target by the run date.
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