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Antero Midstream Partners LP (AM)


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Upturn Advisory Summary
10/20/2025: AM (1-star) is a SELL. SELL since 2 days. Simulated Profits (-2.95%). Updated daily EoD!
1 Year Target Price $18.21
1 Year Target Price $18.21
0 | Strong Buy |
0 | Buy |
6 | Hold |
1 | Sell |
1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 5.14% | Avg. Invested days 49 | Today’s Advisory SELL |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 8.64B USD | Price to earnings Ratio 19.02 | 1Y Target Price 18.21 |
Price to earnings Ratio 19.02 | 1Y Target Price 18.21 | ||
Volume (30-day avg) 8 | Beta 0.85 | 52 Weeks Range 13.65 - 19.82 | Updated Date 10/20/2025 |
52 Weeks Range 13.65 - 19.82 | Updated Date 10/20/2025 | ||
Dividends yield (FY) 5.01% | Basic EPS (TTM) 0.95 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 37.25% | Operating Margin (TTM) 57.7% |
Management Effectiveness
Return on Assets (TTM) 7.67% | Return on Equity (TTM) 21.65% |
Valuation
Trailing PE 19.02 | Forward PE 12.92 | Enterprise Value 12321585640 | Price to Sales(TTM) 7.06 |
Enterprise Value 12321585640 | Price to Sales(TTM) 7.06 | ||
Enterprise Value to Revenue 10.06 | Enterprise Value to EBITDA 12.09 | Shares Outstanding 478411000 | Shares Floating 334811935 |
Shares Outstanding 478411000 | Shares Floating 334811935 | ||
Percent Insiders 30.42 | Percent Institutions 58.52 |
Upturn AI SWOT
Antero Midstream Partners LP

Company Overview
History and Background
Antero Midstream Partners LP (now Antero Midstream Corporation) was formed in 2013 by Antero Resources Corporation to own, operate, and develop midstream energy infrastructure. It has grown significantly through infrastructure development and acquisitions in the Appalachian Basin.
Core Business Areas
- Gathering and Processing: This segment includes gathering pipelines and processing plants that collect and process natural gas and natural gas liquids (NGLs) produced by Antero Resources and other producers.
- Water Handling: This segment provides services related to the storage and delivery of water used in hydraulic fracturing operations.
Leadership and Structure
The company is led by a board of directors and executive management team. It operates as a corporation (previously a limited partnership) since the simplification transaction with Antero Resources.
Top Products and Market Share
Key Offerings
- Natural Gas Gathering and Processing: Antero Midstream provides critical infrastructure for natural gas production. Market share data varies regionally within the Appalachian Basin and is difficult to pinpoint an exact percentage. Competitors include Energy Transfer (ET), Williams Companies (WMB), and MPLX LP (MPLX).
- Water Handling and Treatment: Antero Midstream provides a dedicated water handling infrastructure for fracking operations. Market share data varies regionally. Competitors include Range Resources (RRC) and other regional water management companies.
Market Dynamics
Industry Overview
The midstream energy sector is crucial for transporting and processing oil and natural gas from production sites to end markets. The industry is influenced by commodity prices, production levels, and regulatory changes.
Positioning
Antero Midstream is strategically positioned in the Marcellus and Utica Shale plays, benefiting from its relationship with Antero Resources and a dedicated infrastructure network. Their competitive advantage lies in the integrated nature of their services and strong relationship with a major producer.
Total Addressable Market (TAM)
The TAM for midstream services in the Appalachian Basin is estimated to be in the billions of dollars. Antero Midstream is well-positioned to capture a significant share of this market due to its strategic assets and established relationships.
Upturn SWOT Analysis
Strengths
- Strong relationship with Antero Resources
- Strategic asset base in the Marcellus and Utica Shale plays
- Integrated midstream service offerings
- Predictable cash flows from long-term contracts
Weaknesses
- Concentration of revenue from Antero Resources
- Exposure to commodity price fluctuations
- Regulatory risks associated with pipeline operations
- Dependence on Antero Resource's production levels
Opportunities
- Expansion of infrastructure to support growing production
- Acquisition of smaller midstream assets
- Development of new water handling and treatment technologies
- Increased demand for natural gas in domestic and international markets
Threats
- Decline in natural gas prices
- Increased competition from other midstream operators
- Environmental regulations and permitting delays
- Reduced drilling activity by Antero Resources
Competitors and Market Share
Key Competitors
- ET
- WMB
- MPLX
Competitive Landscape
Antero Midstream benefits from its relationship with Antero Resources, but it faces competition from larger, more diversified midstream companies. Competitiveness depends on operational efficiency, geographic advantages, and service offerings.
Major Acquisitions
Canaan Water Services
- Year: 2018
- Acquisition Price (USD millions): 555
- Strategic Rationale: Expanded water handling capabilities and geographic footprint.
Growth Trajectory and Initiatives
Historical Growth: Antero Midstream's growth has been driven by increased production from Antero Resources and strategic acquisitions. Historical growth rates vary depending on the period analyzed.
Future Projections: Analyst estimates for Antero Midstream's future growth depend on various factors, including commodity prices, production levels, and regulatory changes. Specific data will be obtained in a future iteration.
Recent Initiatives: Recent initiatives may include infrastructure expansions, acquisitions, and cost reduction programs. Specific information will be obtained and updated accordingly.
Summary
Antero Midstream is a key player in the Appalachian Basin's midstream sector, underpinned by its close ties to Antero Resources. Its strength lies in its integrated service offerings and strategically located assets. However, its reliance on Antero Resources and exposure to commodity price fluctuations are risks to watch. Future growth hinges on expanding infrastructure and diversifying its customer base.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (SEC)
- Analyst Reports
- Industry Publications
- Financial News Websites
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Market conditions and company performance are subject to change. Data might have minor inaccuracies or time delays.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Antero Midstream Partners LP
Exchange NYSE | Headquaters Denver, CO, United States | ||
IPO Launch date 2014-11-05 | President CEO & Director Mr. Michael N. Kennedy | ||
Sector Energy | Industry Oil & Gas Midstream | Full time employees 616 | Website https://www.anteromidstream.com |
Full time employees 616 | Website https://www.anteromidstream.com |
Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines, compressor stations, and processing and fractionation plants that collects and processes natural gas and NGLs from Antero Resources' wells in West Virginia and Ohio. The Water Handling segment delivers water from sources, including the Ohio River, local reservoirs, and various regional waterways; uses water handling systems to transport flowback and produced water; and offers pumping stations, water storage, and blending facilities. The company was founded in 2002 and is headquartered in Denver, Colorado.

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