Antero Midstream’s third-quarter 2026 earnings presentation outlined a strong growth outlook for 2027, linked to Antero Resources’ operating plans. The company missed Wall Street estimates for earnings and revenue, while management highlighted a significant reduction in leverage and projected double-digit EBITDA growth in 2027.
The growth outlook depends on Antero Resources completing drilled-but-uncompleted (DUC) growth pads in the fourth quarter of 2026. It also relies on higher throughput, supported by Antero Resources’ 2027 production guidance of 4.5 billion cubic feet equivalent per day.
Antero Midstream also expects water volumes to increase as completion crews work on dedicated acreage. Its growth therefore depends on Antero Resources’ production and development schedule.