Antero Midstream reports Q3 adjusted EPS 23c, consensus 21c

Reports Q3 revenue $263.84M, consensus $256.23M. Gathering and compression volumes increased by 13% and 17%, respectively, compared to the prior year quarter. Paul Rady, Chairman and CEO, said, “During the third quarter, Antero Midstream delivered double-digit year-over-year throughput growth that set company records. The combination of well outperformance, acceleration of wells serviced by the fresh water delivery system, and operational success have resulted in year-to-date results that have exceeded expectations. Our organic growth strategy, supplemented by high-visibility, accretive acquisitions over the last year, has resulted in increased scale at Antero Midstream while maintaining a strong balance sheet and liquidity position.”