Antero Midstream (AM) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Thu, April 30, 2026 astatine 12:06 PM CDT 9 min read

Image source: The Motley Fool.

DATE

Thursday, April 30, 2026 astatine 12 p.m. ET

CALL PARTICIPANTS

• Chief Financial Officer — Michael Kennedy

• President — Justin Agnew

• Chief Executive Officer — Dan Katzenberg

Need a punctuation from a Motley Fool analyst? Email [email protected]

Full Conference Call Transcript

Michael Kennedy: Thanks, Dan. Good morning, everyone. I volition commencement my comments connected Slide three. The archetypal 4th of 2026 was an breathtaking 4th for Antero Midstream Corporation arsenic we continued to marque advancement connected our strategical initiatives. We successfully navigated adverse wintertime upwind conditions and delivered different 4th of EBITDA and escaped currency travel growth. In addition, we closed the company's largest acquisition to day successful February, which was up of our archetypal expectations. These achievements item 2 of Antero Midstream Corporation's top strengths: a world-class plus basal successful the lowest-cost basin successful North America and the hard enactment and dedication from our team.

As we look ahead, caller geopolitical events and information halfway announcements item the important request maturation for U.S. vigor some home and abroad. Given this outlook, we are focused connected enhancing connectivity wrong our operating areas, peculiarly successful the adust state country and the recently acquired assets, providing cost-effective integrated solutions for this request growth. Our equilibrium sheet, scale, and integrated readying with our investment-grade shaper presumption america good to capitalize connected these maturation opportunities. Now fto america determination connected to Slide 4 to item immoderate of our 2026 maturation projects. At the extremity of the archetypal quarter, we commissioned our adust state compression enlargement depicted connected the right-hand broadside of the page.

This presumption utilized relocated and repurposed units to enactment our archetypal adust state Marcellus pad successful implicit a decade. During the archetypal quarter, we besides commenced our archetypal h2o strategy integration efforts. This superior concern to link Antero Midstream Corporation's h2o strategy to the acquired h2o strategy is connected way to beryllium completed by year-end and volition let AM to statesman servicing completions connected the acquired assets successful 2027. Today, determination are presently 3 rigs moving connected AM-dedicated acreage connected the affluent state system, 1 successful the adust state system, and 1 connected the acquired blended system. This balanced and accordant improvement programme delivers low-cost measurement maturation and is expected to thrust high-single-digit EBITDA maturation for the foreseeable future.

In summary, we are disconnected to a large commencement successful 2026 executing our capital-efficient maturation plan. Beyond our basal business, we proceed to beryllium progressive successful opportunities to further widen and heighten that maturation outlook to enactment the expanding request for earthy gas. With that, I volition crook the telephone implicit to Justin.