Influential Decisions at Antero Midstream: Growth Potentials Despite Shifts

Antero Midstream utilized all available free cash flow in the past quarter to reduce debt. This aligns with their strategic efforts to strengthen financial stability and focus on long-term growth. CFO Brendan Krueger commented on the impact of a shift at Antero Resources. The decision to complete certain drilling platforms only in 2025 affects the forecast for 2024. With completion due to higher prices, business results are expected to be in the mid-range. However, with further delays, the outcome tends to be at the lower end. The effect on EBITDA for the current year amounts to about $10 million, with no significant changes for 2025. Regarding fourth-quarter activities, Antero Midstream plans to service between 7 and 12 wells. The potential addition of another completion crew could significantly increase water delivery capacity, with each team able to transport 75,000 to 80,000 barrels of water per day. In the current quarter, the volume was slightly lower due to the introduction of a new electric fleet.