Antero Midstream Raises 2027 EBITDA Growth Outlook

The company expects double-digit earnings growth as it expands operations and integrates new water systems.

Updated on Oct. 30, 2026 in Corporate Finance

Isometric editorial illustration of a steel pipeline segment and industrial valves in a clean, arid landscape. — Antero Midstream boosted its 2027 EBITDA growth outlook, citing improved operational capacity and the recent integration of new water infrastructure projects. AI Illustration. Upload story photo >

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Antero Midstream has increased its 2027 EBITDA growth outlook to a double-digit rate. This updated projection follows the company's recent integration of the HG water system and the development of two drilled-but-uncompleted growth pads.

Why it matters

The improved growth outlook signals confidence in the firm's infrastructure investments and operational efficiency. These strategic upgrades are intended to bolster long-term earnings capacity despite ongoing fluctuations in throughput.

Antero Midstream reported $291 million in adjusted EBITDA for the third quarter of 2026, reflecting 3% year-over-year growth. The firm also recorded $51 million in capital expenditures during the same period.

The players

Antero Midstream

Antero Midstream is a company that owns, operates, and develops midstream energy infrastructure.

The details

The company is moving forward with the East Side Express pipeline, an infrastructure project with an estimated cost between $200 million and $300 million. Throughput remains a challenge, with Q3 curtailments reducing volumes by 10 billion cubic feet and expected Q4 reductions totaling 15 billion to 20 billion cubic feet.

Construction on the East Side Express pipeline began in Q2 2026.
The company reported $291 million in adjusted EBITDA during Q3 2026.
Throughput is expected to drop by 15 billion to 20 billion cubic feet in Q4 2026.
The HG water system integration is expected to be complete by the end of 2026.
The company targets double-digit year-over-year EBITDA growth in 2027.

Market Dynamics

Antero Midstream is following the midstream energy sector's ongoing focus on asset integration and capital efficiency to drive future earnings. This strategy positions the company to better navigate throughput challenges while maintaining a path toward double-digit growth.

Investors should note that the firm is planning $100 million in additional capital spending above its organic program for 2027. This move suggests a heavier focus on expansion which could influence long-term asset value and shareholder expectations.

The takeaway

Antero Midstream aims to balance current throughput curtailments with long-term capital investments. Shareholders should monitor the upcoming completion of the HG water system to gauge the company's progress toward its 2027 growth targets.