Antero Midstream Corporation (NYSE:AM) Q3 2023 Earnings Call Transcript

Gregg Brody: Was trying to see if I can get back in within 30 minutes of the last call. But the – just the – one more M&A-related question but this one is very specific to Antero Midstream. So we obviously returning capital next year is a possibility. How do you think about the M&A landscape for Antero Midstream today? And if you think there’s opportunities out there and does it make sense?

Brendan Krueger: Yes. I mean on the AM side you saw us do the two what we call kind of cleanup acquisitions which were EnLink and Crestwood assets last year. Those were nice fold-in. AR volumes drove the asset cash flow there. So we’ll look for other opportunities. There are a few opportunities out there probably smaller in scale. And then you occasionally see some larger opportunities with third parties and that’s where you just need to get comfortable with a third-party perspective. And can you derisk it enough relative to the organic opportunities you have on the AR side. That’s essentially how we look at M&A and how we’ll continue to do that going forward.

Gregg Brody: That’s all I got. Thanks, guys.

Brendan Krueger: Thanks, Gregg.

Operator: There are no further questions at this time. And I would like to turn the floor back over to Justin Agnew for any closing comments.

Justin Agnew: Thanks everyone for joining us today. Please feel free to reach out with any questions.

Operator: Ladies and gentlemen, that does conclude today’s teleconference. You may disconnect your lines at this time. Thank you for your participation.