{
  "schemaVersion": 1,
  "organisationId": "O-44755d1656bc47d9b9397ddaf8b15c9e",
  "slug": "antero-midstream-corp",
  "name": "Antero Midstream Corp",
  "updatedAt": "2026-10-02T14:03:02.30978Z",
  "sections": [
    {
      "type": "OVERVIEW",
      "text": "Antero Midstream Corp. is a U.S. midstream energy infrastructure company whose core role is to provide natural-gas gathering, compression and processing-related services, along with water handling, primarily in support of Antero Resources’ Appalachian Basin operations. Its two reported segments are Gathering and Processing and Water Handling. [P144434848][T3252102][P144435141]\n\nThe company’s operations are focused on West Virginia and Ohio; its service agreements also cover dedicated acreage in Pennsylvania. [P144435141] For the year ended December 31, 2025, Antero Midstream reported total revenue of approximately $1.19 billion. [T3252102] The company reported 632 people employed jointly by Antero Midstream and Antero Resources under shared-services arrangements at year-end 2025; this is not an Antero Midstream-only employee count. [https://www.sec.gov/Archives/edgar/data/1623925/000110465926013380/am-20251231x10k.htm] Its filings describe its role in serving Antero Resources and Appalachian Basin activity, rather than setting out a separate formal mission statement. [P144434848]\n[P144434848][T3252102][P144435141][https://www.sec.gov/Archives/edgar/data/1623925/000110465926013380/am-20251231x10k.htm][https://www.sec.gov/Archives/edgar/data/1623925/000110465926013380/am-20251231x10k.htm]",
      "updatedAt": "2026-10-02T14:03:02.30978Z"
    },
    {
      "type": "PRODUCTS",
      "text": "Antero Midstream provides natural-gas gathering and compression services, moving gas from well pads through low- and high-pressure pipelines toward third-party pipelines and processing facilities. Its operations pages list 731 miles of gathering pipeline and 4.8 Bcf/d of compression capacity. [P98657524][https://www.anteromidstream.com/operations/gathering-and-processing] The company also provides water handling, including fresh-water delivery for well completions, wastewater and produced-water transport, blending, and high-rate transfer. Its water-handling page lists 423 miles of fresh-water pipeline, 33 fresh-water storage facilities, and 100,000 bbl/d of wastewater recycling and reuse capacity. [P119617222][https://www.anteromidstream.com/operations/water-handling]\n\nFor FY2025, reported service revenues before customer-relationship amortization were $451.2 million from low-pressure gathering, $269.6 million from compression, $266.6 million from high-pressure gathering, $154.5 million from fresh-water delivery, and $117.3 million from other fluid handling. [T5455501] After customer-relationship amortization, Gathering & Processing contributed $950.2 million, about 80% of consolidated revenue, and Water Handling contributed $238.2 million, about 20%. [T12359756] Revenue is generated through volume-based gathering and compression fees and fees for water delivery and handling; the company describes long-term agreements with Antero Resources, including minimum-volume commitments and acreage dedications. [P98657524][P119617222]\n[P98657524][https://www.anteromidstream.com/operations/gathering-and-processing][P119617222][https://www.anteromidstream.com/operations/water-handling][T5455501][T12359756][https://www.anteromidstream.com/operations/gathering-and-processing][https://www.anteromidstream.com/operations/water-handling]",
      "updatedAt": "2026-10-02T14:03:02.30978Z"
    },
    {
      "type": "GEOGRAPHY",
      "text": "Antero Midstream’s operations are concentrated in the Appalachian Basin. Its 2026 second-quarter filing describes gathering and compression assets serving production in West Virginia and Ohio, while its dedicated acreage for gathering and compression agreements extends across West Virginia, Ohio, and Pennsylvania. Water-handling services are described within dedicated service areas in West Virginia. [P144435141][P144434912][P144434930]\n\nThe company sold substantially all of its Utica Shale midstream assets in Ohio in February 2026, including gathering and water infrastructure, narrowing its Ohio asset footprint. [P144434883][P144435147] Its principal executive office is in Denver, Colorado. [P100065320] The reviewed filings do not provide geographic revenue percentages or employee distribution by location.\n[P144435141][P144434912][P144434930][P144434883][P144435147][P100065320]",
      "updatedAt": "2026-10-02T14:03:02.30978Z"
    },
    {
      "type": "SEGMENTS",
      "text": "Antero Midstream reports two operating segments: **Gathering and Processing**, which gathers and processes production through pipelines and compressor stations and includes high-pressure gas gathering; and **Water Handling**, which provides fresh-water delivery and fluid-handling services, including wastewater transportation and disposal. [P144435166]\n\nFor FY2025, Gathering and Processing contributed approximately **80%** of segment revenue ($950.2 million), while Water Handling contributed approximately **20%** ($238.2 million), out of $1,188.4 million in total segment revenue. [T3252102] The company also discloses individual service categories within these segments; these are not separately reported operating segments. [P144435166]\n[P144435166][T3252102][T3252102][T3252102]",
      "updatedAt": "2026-10-02T14:03:02.30978Z"
    },
    {
      "type": "HISTORY",
      "text": "Antero Resources established Antero Midstream’s operating roots in 2012, and Antero Midstream Partners LP became publicly traded after its IPO in November 2014. In 2015, the partnership acquired Antero Resources’ integrated water business, broadening its midstream operations; in 2017, it formed a 50/50 processing and fractionation joint venture with MarkWest, an MPLX subsidiary. [https://www.anteromidstream.com/about-us/our-story] [https://www.anteroresources.com/investors/press-releases/detail/42/antero-announces-closing-of-antero-midstream-partners-lp] [https://www.anteromidstream.com/news-events/press-releases/detail/55/antero-announces-closing-of-water-business-drop-down] [https://www.anteromidstream.com/news-events/press-releases/detail/9/antero-midstream-announces-strategic-processing-and]\n\nIn 2017, Antero Midstream GP LP (AMGP), the partnership’s general partner, completed its own IPO. AMGP’s 2019 merger with the partnership simplified the corporate structure: AMGP converted into a corporation and became Antero Midstream Corporation, with the partnership as its wholly owned subsidiary. [P184709426] [P178559943]\n\nThe company expanded its Marcellus gathering and compression assets through acquisitions, including assets from Crestwood in 2022 and Summit in 2024. In 2025, co-founder Paul M. Rady became Chairman Emeritus as Michael N. Kennedy took over as CEO and President. In February 2026, Antero Midstream completed its $1.1 billion acquisition of HG Midstream, while also closing the sale of substantially all its Ohio Utica midstream assets. [https://www.anteromidstream.com/investors/press-releases/detail/124/antero-midstream-announces-third-quarter-2022-financial-and] [https://www.anteromidstream.com/investors/press-releases/detail/140/antero-midstream-announces-bolt-on-acquisition-increased] [https://www.anteromidstream.com/investors/press-releases/detail/151/antero-resources-and-antero-midstream-announce-michael-n] [P82181761] [P86689685] [P77718195]\n[P184709426][P178559943][P82181761][P86689685][P77718195][https://www.anteromidstream.com/about-us/our-story][https://www.anteroresources.com/investors/press-releases/detail/42/antero-announces-closing-of-antero-midstream-partners-lp][https://www.anteromidstream.com/news-events/press-releases/detail/55/antero-announces-closing-of-water-business-drop-down][https://www.anteromidstream.com/news-events/press-releases/detail/9/antero-midstream-announces-strategic-processing-and][https://www.anteromidstream.com/investors/press-releases/detail/124/antero-midstream-announces-third-quarter-2022-financial-and][https://www.anteromidstream.com/investors/press-releases/detail/140/antero-midstream-announces-bolt-on-acquisition-increased][https://www.anteromidstream.com/investors/press-releases/detail/151/antero-resources-and-antero-midstream-announce-michael-n]",
      "updatedAt": "2026-10-02T14:03:02.30978Z"
    }
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