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Antero Midstream Partners LP (AM)

Upturn stock ratingUpturn stock rating
$18.95
Last Close (24-hour delay)
Profit since last BUY6.4%
upturn advisory
Consider higher Upturn Star rating
BUY since 36 days
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  • SELL Advisory (Loss)​
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Upturn Advisory Summary

06/30/2025: AM (2-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Number of Analysts

rating

8 Analysts rated it

Moderately tracked stock, growing coverage, gaining market and investor attention.

1 Year Target Price $16.79

1 Year Target Price $16.79

Analysts Price Target For last 52 week
$16.79Target price
Low$12.57
Current$18.95
high$19.09

Analysis of Past Performance

Type Stock
Historic Profit 21.64%
Avg. Invested days 58
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 4.0
Stock Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 9.05B USD
Price to earnings Ratio 21.97
1Y Target Price 16.79
Price to earnings Ratio 21.97
1Y Target Price 16.79
Volume (30-day avg) 8
Beta 1
52 Weeks Range 12.57 - 19.09
Updated Date 06/30/2025
52 Weeks Range 12.57 - 19.09
Updated Date 06/30/2025
Dividends yield (FY) 4.76%
Basic EPS (TTM) 0.86

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 35.13%
Operating Margin (TTM) 57.66%

Management Effectiveness

Return on Assets (TTM) 7.3%
Return on Equity (TTM) 19.71%

Valuation

Trailing PE 21.97
Forward PE 19.08
Enterprise Value 12169404910
Price to Sales(TTM) 7.61
Enterprise Value 12169404910
Price to Sales(TTM) 7.61
Enterprise Value to Revenue 10.24
Enterprise Value to EBITDA 12.5
Shares Outstanding 479219008
Shares Floating 335649780
Shares Outstanding 479219008
Shares Floating 335649780
Percent Insiders 30.33
Percent Institutions 57.72

Analyst Ratings

Rating 3
Target Price 16.79
Buy -
Strong Buy -
Buy -
Strong Buy -
Hold 6
Sell 1
Strong Sell 1
Strong Sell 1

ai summary icon Upturn AI SWOT

Antero Midstream Partners LP

stock logo

Company Overview

overview logo History and Background

Antero Midstream Partners LP (AM) was formed in 2013 by Antero Resources Corporation to own, operate, and develop midstream energy infrastructure in the Appalachian Basin. It focused on gathering, processing, and transportation of natural gas and liquids.

business area logo 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 in the Appalachian Basin.
  • Water Handling: This segment focuses on the gathering and transportation of produced water used in Antero Resources' hydraulic fracturing operations.
  • Compression: Compressing natural gas to ensure it flows through pipelines.

leadership logo Leadership and Structure

As of the most recent information, the key leaders include the CEO, CFO, and other executive officers. The structure is typical of a master limited partnership (MLP), though it changed after merging into Antero Resources.

Top Products and Market Share

overview logo Key Offerings

  • Natural Gas Gathering: Gathers natural gas from wellheads and transports it to processing plants. Market share data specific to AM's gathering activities is difficult to isolate, it's primarily focused on supporting Antero Resources' production. Competitors include other midstream operators in the Appalachian Basin, such as EQM Midstream Partners and Williams Companies.
  • Water Handling: Manages produced water from hydraulic fracturing operations. Again, its tied primarily to Antero Resources operations. Competitors include companies that specialize in water treatment and disposal, along with integrated midstream operators.
  • Natural Gas Processing: Processes natural gas to remove impurities and separate NGLs. Market share data specific to AM's processing activities is difficult to isolate. Competitors include other midstream operators in the Appalachian Basin, such as EQM Midstream Partners and Williams Companies.

Market Dynamics

industry overview logo Industry Overview

The midstream energy sector is driven by production volumes of oil and natural gas. Demand for midstream services is impacted by commodity prices and production activity. Environmental regulations and infrastructure development influence the midstream sector.

Positioning

Antero Midstream Partners LP is positioned to support Antero Resources production. Its competitive advantage is its integrated relationship with Antero Resources, providing stable volume commitments. However, this also limits AM's ability to grow outside of Antero Resources' activities.

Total Addressable Market (TAM)

The total midstream market is estimated to be in the hundreds of billions of dollars globally. Antero Midstream's positioning primarily caters to Antero Resources, which in turn impacts its TAM.

Upturn SWOT Analysis

Strengths

  • Strong relationship with Antero Resources
  • Dedicated assets supporting production
  • Stable volume commitments
  • Strategic asset locations in the Appalachian Basin

Weaknesses

  • Concentration of revenue from Antero Resources
  • Limited diversification beyond Antero Resources
  • Exposure to commodity price fluctuations indirectly
  • Dependence on Antero Resources' capital spending

Opportunities

  • Expand services to other producers in the Appalachian Basin
  • Acquire or develop new midstream assets
  • Optimize operational efficiency
  • Invest in renewable energy infrastructure

Threats

  • Decline in Antero Resources' production
  • Increased competition in the midstream sector
  • Changes in environmental regulations
  • Economic downturn impacting energy demand

Competitors and Market Share

competitor logo Key Competitors

  • EQM
  • WMB
  • MPLX

Competitive Landscape

Antero Midstream's competitive landscape is intertwined with Antero Resources. Other major midstream operators offer broader services and customer base. AM's advantage was its dedicated support for AR production. Disadvantage: Dependence on AR.

Major Acquisitions

Antero Resources (Merger)

  • Year: 2022
  • Acquisition Price (USD millions): N/A
  • Strategic Rationale: Simplified corporate structure and reduced costs by eliminating a publicly traded subsidiary. Streamlined operations and capital allocation.

Growth Trajectory and Initiatives

Historical Growth: Historical growth is tied to Antero Resources' production growth.

Future Projections: Future projections are now part of Antero Resources.

Recent Initiatives: Recent initiatives are now part of Antero Resources strategic plans.

Summary

Antero Midstream Partners LP (AM) ceased to exist as a standalone company after merging with its parent company, Antero Resources. Historically, AM was a key component of Antero Resources' operations, providing essential midstream services. Its dependence on Antero Resources limited its growth potential outside of their activities. The merger streamlined operations, but it is now integrated into the larger entity of Antero Resources (AR).

Peer Comparison

Sources and Disclaimers

Data Sources:

  • SEC Filings (historical), Company Websites (historical), Analyst Reports (historical)

Disclaimers:

This analysis is based on publicly available information and historical data. Antero Midstream Partners LP is no longer a standalone company. Market share data is estimated.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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, Chairman & CEO Mr. Paul M. Rady
Sector Energy
Industry Oil & Gas Midstream
Full time employees 616
Full time employees 616

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.