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Antero Midstream Partners LP (AM)



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Upturn Advisory Summary
04/01/2025: AM (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit -6.54% | Avg. Invested days 46 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 8.74B USD | Price to earnings Ratio 22.01 | 1Y Target Price 16.5 |
Price to earnings Ratio 22.01 | 1Y Target Price 16.5 | ||
Volume (30-day avg) 4293620 | Beta 2.21 | 52 Weeks Range 12.66 - 18.49 | Updated Date 04/2/2025 |
52 Weeks Range 12.66 - 18.49 | Updated Date 04/2/2025 | ||
Dividends yield (FY) 4.93% | Basic EPS (TTM) 0.83 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 34.06% | Operating Margin (TTM) 58.19% |
Management Effectiveness
Return on Assets (TTM) 7.18% | Return on Equity (TTM) 18.79% |
Valuation
Trailing PE 22.01 | Forward PE 18.25 | Enterprise Value 11731866000 | Price to Sales(TTM) 7.43 |
Enterprise Value 11731866000 | Price to Sales(TTM) 7.43 | ||
Enterprise Value to Revenue 9.97 | Enterprise Value to EBITDA 12.14 | Shares Outstanding 478606016 | Shares Floating 335387941 |
Shares Outstanding 478606016 | Shares Floating 335387941 | ||
Percent Insiders 30.42 | Percent Institutions 58.27 |
Analyst Ratings
Rating 2.62 | Target Price 15.36 | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold 6 | Sell 1 | Strong Sell 1 | |
Strong Sell 1 |
Upturn AI SWOT
Antero Midstream Partners LP

Company Overview
History and Background
Antero Midstream Partners LP (later Antero Midstream Corporation) was formed in 2013 by Antero Resources as a midstream business. It focused on gathering, processing, and transporting natural gas and liquids in the Appalachian Basin. The partnership converted to a corporation and simplified its structure.
Core Business Areas
- Gathering and Processing: This segment provides gathering and processing services for natural gas and natural gas liquids (NGLs). It includes building and operating gathering pipelines, compressor stations, and processing plants.
- Water Handling: This segment manages water used in hydraulic fracturing operations. Services include fresh water sourcing, storage, and delivery, as well as wastewater collection and disposal.
Leadership and Structure
The leadership team includes the CEO, CFO, and other key executives. The company operates as a corporation (Antero Midstream Corporation, AM) following a simplification transaction.
Top Products and Market Share
Key Offerings
- Natural Gas Gathering: Gathering of natural gas from wellheads to processing facilities and transmission pipelines. Competitors include other midstream operators in the Appalachian Basin like MPLX LP and Equitrans Midstream Corporation.
- Water Management Services: Providing water handling services. Competitors include companies like Aqua Solutions and others offering similar services in the region.
Market Dynamics
Industry Overview
The midstream industry involves transporting, processing, and storing natural gas and crude oil. It's influenced by production levels, infrastructure development, and regulatory changes.
Positioning
Antero Midstream is positioned as a key midstream service provider in the Appalachian Basin, primarily supporting Antero Resources' production. Its competitive advantage lies in its integrated service offerings and close 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. AM's position is linked to Antero Resources' production and any expansion in the basin.
Upturn SWOT Analysis
Strengths
- Strong relationship with Antero Resources
- Integrated midstream service offerings
- Strategic asset base in the Appalachian Basin
- Stable cash flows
Weaknesses
- Customer concentration (reliant on Antero Resources)
- Exposure to commodity price fluctuations
- Regulatory risks
Opportunities
- Expanding services to other producers in the Appalachian Basin
- Acquiring or developing new midstream assets
- Investing in renewable energy infrastructure
Threats
- Decline in Antero Resources' production
- Increased competition from other midstream providers
- Changes in environmental regulations
- Economic downturn affecting energy demand
Competitors and Market Share
Key Competitors
- MPLX
- EQT
- WMB
Competitive Landscape
Antero Midstream's advantage is its focus on supporting Antero Resources. Disadvantages include customer concentration and reliance on a single geographic region. Competitors have broader customer bases and geographic diversification.
Major Acquisitions
Canaan Companies
- Year: 2018
- Acquisition Price (USD millions): 555
- Strategic Rationale: Expanded water handling capabilities and integrated service offerings.
Growth Trajectory and Initiatives
Historical Growth: Historical growth trends should be sourced from the company's investor relations page or financial news providers.
Future Projections: Future projections should be sourced from analyst reports.
Recent Initiatives: Recent strategic initiatives can be found in press releases and investor presentations.
Summary
Antero Midstream benefits from a strong relationship with its parent company, Antero Resources. However, this concentration exposes it to risks. The company is executing well in its core business but must diversify its customer base and explore growth opportunities beyond its existing footprint to enhance long-term sustainability.
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Sources and Disclaimers
Data Sources:
- Company Filings
- Analyst Reports
- Industry Publications
Disclaimers:
The information provided is for informational purposes only and does not constitute financial advice. Investment decisions should be based on individual research and consultation with a qualified financial advisor.
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, Chairman & CEO Mr. Paul M. Rady | ||
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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