The company reported net income of $114 million, or $0.24 per diluted share, for the three months ending June 30. While gathering and compression volumes saw double-digit growth, adjusted EBITDA reached $289 million, marking a 2% increase over the same period last year. Capital expenditures for the quarter totaled $47 million, split between gathering infrastructure and water handling systems.

Financial flexibility improved significantly following a legal victory against Veolia. Antero Midstream received $371 million in damages and interest, allowing the company to pay down debt and lower its leverage ratio below its 3-times target. The firm utilized these proceeds to call $650 million in senior notes due 2028. With over $600 million in liquidity and no immediate debt maturities, management is focusing on the multiyear development of the East Side Express, an intrastate project intended to capture future dry gas growth in West Virginia.