Antero Midstream Highlights Q4 2025 Earnings Call
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy ASTS?
Source: Yahoo Finance
- HG Midstream Acquisition: Antero Midstream completed the $1.1 billion acquisition of HG Midstream, adding over 400 highly economic undeveloped locations that will immediately compete for development projects in 2026, thereby enhancing the company's competitive position in the Marcellus Shale.
- Sustained EBITDA Growth: In 2025, Antero Midstream achieved a 7% EBITDA growth, marking the eleventh consecutive year of growth since its 2014 IPO, while free cash flow after dividends increased by 30%, reflecting improved capital efficiency.
- 2026 Capital Budget: The company plans to invest between $190 million and $220 million in 2026, covering routine and growth-oriented projects, particularly expenditures related to integrating acquired assets, which are expected to enhance downstream deliverability in the dry gas segment.
- Future Growth Expectations: Antero Midstream forecasts EBITDA exceeding $1.2 billion in 2026, an 8% year-over-year increase, with a planned $360 million in free cash flow after dividends, indicating the company's ability to sustain shareholder returns while maintaining low leverage.
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Analyst Views on ASTS
Wall Street analysts forecast ASTS stock price to fall
9 Analyst Rating
4 Buy
3 Hold
2 Sell
Hold
Current: 82.220
Low
43.00
Averages
74.26
High
100.00
Current: 82.220
Low
43.00
Averages
74.26
High
100.00
About ASTS
AST SpaceMobile, Inc. is engaged in building a global cellular broadband network in space to operate directly with standard, unmodified mobile devices based on its intellectual property (IP) and patent portfolio and designed for both commercial and government applications. The Company is engaged in designing and developing the constellation of BlueBird (BB) satellites and has planned space-based Cellular Broadband network distributed through a constellation of low Earth orbit (LEO) satellites. Its SpaceMobile Service is being designed to provide high-speed cellular broadband services to end-users who are out of terrestrial cellular coverage using existing mobile devices. The Company intends to continue testing capabilities of the BW3 test satellite, including further testing with cellular service providers and the government. The Company has operations in India, Scotland, Spain, and Israel.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Market Valuation Surge: Post-IPO, SpaceX's valuation is expected to reach $1.5 trillion, nearly doubling its recent $800 billion valuation, which will attract momentum traders and elevate the relative value of other space companies.
- Clear Funding Utilization: The raised funds will be directed towards developing AI data centers and the Starship reusable rocket, helping to reduce launch costs and advance NASA's lunar lander project, further solidifying SpaceX's leadership in the space industry.
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- Investor Attention: SpaceX's planned IPO in 2026 is expected to draw investor interest towards other space stocks, potentially leading to a sell-off of those stocks in favor of SpaceX, thereby reshaping the space investment landscape.
- Potential for Largest IPO: Musk aims to raise up to $50 billion through this IPO, which, if successful, would surpass Saudi Aramco's record of $29.4 billion set in 2019, marking it as the largest IPO in history and enhancing SpaceX's market position.
- Market Valuation Impact: With a projected market valuation of $1.5 trillion, SpaceX's valuation at over 60 times sales will make other space companies like Firefly Aerospace and Planet Labs appear highly attractive, potentially driving their stock prices higher.
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AST SpaceMobile's Growth: AST SpaceMobile has rapidly evolved from a speculative concept to a critical player in global telecommunications, with its stock reflecting market confidence and its inclusion in the MSCI World Index validating its technology.
Cohere's Market Position: Cohere has successfully transitioned from a niche player to a significant entity in the AI sector, driven by strong earnings and strategic partnerships, which have bolstered its market presence and profitability.
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- Shareholder Dilution Risk: The financing will result in the issuance of approximately 1.15 million additional shares, and while it will reduce $300 million in debt and save over $50 million in interest payments, existing shareholders face the risk of direct dilution, potentially impacting their equity value.
- Capital Expenditure Needs: AST SpaceMobile still requires significant capital to complete its satellite array construction, planning to use part of the additional capital to accelerate the deployment of controlled spectrum bands globally, indicating urgency in expanding service capabilities.
- Market Volatility Warning: The company cautioned that common stock could experience
See More
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- Starlink User Growth: The Starlink business has surpassed 9.2 million paying customers and generates over $10 billion in annual revenue, indicating strong growth potential in the satellite internet market and solidifying its market leadership.
- DTC Satellite Expansion: SpaceX has launched 650 satellites for its direct-to-cell (DTC) service, covering 22 countries and becoming the largest 4G coverage provider globally, showcasing rapid expansion in the telecommunications sector.
- Infrastructure Competition: The number of Starlink
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