Why These Energy Stocks are Gaining This Week

6. Antero Midstream Corporation (NYSE:AM)

Share Price Gains Between Feb. 24 and Mar. 3: 4.93%

Antero Midstream Corporation (NYSE:AM) operates and develops midstream gathering, compression, processing, and fractionation assets in the heart of the Appalachian Basin.

Antero Midstream Corporation (NYSE:AM) revealed its full-year 2024 results last month, generating EBITDA of $1.05 billion, marking the tenth consecutive year of EBITDA growth. The company also posted an ROIC of 19%, which was its record. Moreover, Antero generated $250 million of free cash flow after dividends in 2024, another company record, allowing it to make acquisitions, reduce debt by almost $100 million, and repurchase shares all within the same year. As a result of lower debt levels, the company is now targeting $250 million to $300 million in free cash flow after dividends for 2025, which is a 10% increase YoY at the midpoint.