Despite exceeding consensus revenue estimates, Antero Midstream’s shares have fallen 14.4% since its third quarter results were announced. Furthermore, the company’s gathering and processing operations were down for the quarter, and its stock’s 2.90 beta indicates high volatility. Is AM an investment worth making? Keep reading. Antero Midstream Corporation, based in Denver Colorado, owns, develops, and operates midstream infrastructure. The company operates in two distinct segments: Gathering and Processing and Water Handling. Antero Resources Corporation, NYSE:), created AM in support of its NGL production in Appalachian Basin.

Despite surpassing analysts’ revenue estimates in its most recent quarter, AM’s performance declined on a year-over-year basis. Since the release of its third quarter results, on October 27, AM’s stock price has fallen 14.4%. Investors were anxious about pandemic-related disruptions and the company’s report of lower gathering and freshwater delivery volumes. The company’s low pressure gathering volume decreased by 6% and its high-pressure gathering volume declined by 7% over the same period. Compression was also down by 3% compared to the previous year. AM pointed out that the collection and compression volumes were negatively affected by downtime at the Hopedale and Sherwood processing and fractionation plants. The freshwater delivery volume also decreased 18% compared to the previous year quarter and was now at 91 MBbl/d.

AM’s shares have declined 8.9% in price over the past six months and 10.8% over the past month to close the last trading session at $9.46. The stock currently trades below its 200-day and 50-day moving averages. Also, AM’s stock is highly volatile at its current price level with a 2.90 beta.

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