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Antero Midstream Partners LP (AM)



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Upturn Advisory Summary
08/28/2025: AM (1-star) is a SELL. SELL since 5 days. Profits (-3.07%). Updated daily EoD!
1 Year Target Price $17.93
1 Year Target Price $17.93
0 | Strong Buy |
0 | Buy |
6 | Hold |
1 | Sell |
1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 8.34% | Avg. Invested days 53 | 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 8.53B USD | Price to earnings Ratio 18.78 | 1Y Target Price 17.93 |
Price to earnings Ratio 18.78 | 1Y Target Price 17.93 | ||
Volume (30-day avg) 8 | Beta 0.97 | 52 Weeks Range 13.30 - 18.84 | Updated Date 08/29/2025 |
52 Weeks Range 13.30 - 18.84 | Updated Date 08/29/2025 | ||
Dividends yield (FY) 5.08% | 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 18.78 | Forward PE 17.76 | Enterprise Value 11651810240 | Price to Sales(TTM) 6.97 |
Enterprise Value 11651810240 | Price to Sales(TTM) 6.97 | ||
Enterprise Value to Revenue 9.51 | Enterprise Value to EBITDA 11.43 | Shares Outstanding 478411008 | Shares Floating 334826290 |
Shares Outstanding 478411008 | Shares Floating 334826290 | ||
Percent Insiders 30.42 | Percent Institutions 58.79 |
Upturn AI SWOT
Antero Midstream Partners LP

Company Overview
History and Background
Antero Midstream Partners LP was formed in 2013 by Antero Resources Corporation. It focuses on developing, owning, and operating midstream energy assets to service Antero Resources' natural gas and oil production in the Appalachian Basin.
Core Business Areas
- Gathering and Processing: Provides gathering, compression, processing, and fractionation services for natural gas, natural gas liquids (NGLs), and water.
- Water Handling: Provides freshwater distribution and wastewater treatment and disposal services.
Leadership and Structure
The company is led by Paul M. Rady (Chairman and CEO). The organizational structure is typical of a master limited partnership (MLP), with general partner responsibilities handled by Antero Midstream Management LLC.
Top Products and Market Share
Key Offerings
- Gathering and Processing Services: Provides natural gas gathering and processing services. Market share data is difficult to isolate due to the integrated nature of the service with Antero Resources. Competitors include EQM Midstream Partners, Williams Companies.
- Water Handling Services: Offers freshwater distribution and wastewater treatment and disposal services. Market share data is also integrated with Antero Resources. Competitors include Select Energy Services, Nuverra Environmental Solutions.
Market Dynamics
Industry Overview
The midstream energy sector faces challenges due to fluctuating commodity prices and increased regulatory scrutiny. However, demand for natural gas and NGLs remains strong, driving infrastructure development.
Positioning
Antero Midstream is strategically positioned to benefit from Antero Resources' production in the Marcellus and Utica Shales. Its competitive advantage lies in its integrated relationship with Antero Resources.
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 positioned to capture a significant portion due to its relationship with Antero Resources.
Upturn SWOT Analysis
Strengths
- Strong relationship with Antero Resources
- Integrated midstream asset base
- Strategic location in the Appalachian Basin
- High-quality asset base
Weaknesses
- Concentration of revenue from Antero Resources
- Exposure to commodity price fluctuations
- Sensitivity to Antero Resources' production levels
Opportunities
- Expansion of midstream infrastructure in the Appalachian Basin
- Acquisition of complementary midstream assets
- Increased demand for natural gas and NGLs
- Potential for third-party business
Threats
- Decline in commodity prices
- Increased regulatory scrutiny
- Competition from other midstream providers
- Changes in Antero Resources' production plans
Competitors and Market Share
Key Competitors
- EQM
- WMB
- OKE
Competitive Landscape
Antero Midstream benefits from its relationship with Antero Resources but faces competition from larger, more diversified midstream companies. Its advantages are its integrated asset base and strategic location. Disadvantages include concentration of revenue and exposure to commodity price fluctuations.
Growth Trajectory and Initiatives
Historical Growth: Historical growth is tied to Antero Resources' production growth and midstream infrastructure development.
Future Projections: Future projections are based on analyst estimates and depend on commodity prices and production levels.
Recent Initiatives: Recent initiatives include expanding gathering and processing capacity and optimizing water handling operations.
Summary
Antero Midstream is strategically positioned in the Appalachian Basin but heavily reliant on Antero Resources. Its integrated asset base is a strength, but its concentration of revenue is a weakness. It must diversify its customer base to mitigate risk. The company needs to monitor commodity prices and regulatory changes to maintain its growth trajectory.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- Analyst Reports
- Industry Publications
Disclaimers:
The analysis is based on publicly available information and is for informational purposes only. It should not be considered financial advice.
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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