Antero Midstream posts $393 M net income and raises 2026 free‑cash‑flow outlook after litigation proceeds
Antero Midstream reported third‑quarter 2026 net income of $393 million, or $0.82 per diluted share, a 242% rise from the prior year. The results included a one‑time $377 million gain from litigation, which lifted adjusted net income to $134 million ($0.28 per share), a 4% increase YoY. Gathering and compression volumes grew 19% and 17% respectively, while capital spending held at $51 million and leverage fell to 2.8 ×. The company updated its 2026 adjusted free‑cash‑flow guidance upward by $370 million to reflect the litigation proceeds.
Why it matters
The litigation gain substantially boosts the company’s cash generation, raising the adjusted free‑cash‑flow outlook and supporting continued share repurchases and debt reduction. Investors should note the higher cash cushion and the unchanged capital‑expenditure plan when assessing valuation and credit metrics.
Key facts
- 1Net income for the quarter was $393 million, or $0.82 per diluted share, a 242% increase versus the same quarter last year. prnewswire.com
- 2Adjusted Net Income totaled $134 million, or $0.28 per diluted share, representing a 4% rise from the prior year quarter (non‑GAAP). prnewswire.com
- 3Adjusted EBITDA was $291 million, up 3% year‑over‑year (non‑GAAP). prnewswire.com
- 4Gathering volumes rose 19% and compression volumes rose 17% compared with the prior year quarter. prnewswire.com
- 5Capital expenditures were $51 million, unchanged from the prior year quarter. prnewswire.com
- 6Leverage declined to 2.8 × as of September 30, 2026 (non‑GAAP). prnewswire.com
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.