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Antero Midstream Announces Strategic $1.1 Billion Acquisition of Marcellus Shale Assets and Ohio Utica Divestiture
Antero Midstream Corporation (NYSE: AM) ("Antero Midstream" or the "Company") today announced that it has entered into a definitive agreement to acquire HG II Energy Midstream Holdings, LLC ("HG Midstream") from HG Energy II, LLC ("HG Energy") for $1.1 billion in cash, subject to customary closing adjustments. The transaction is expected to close in the second quarter of 2026 and is subject to customary regulatory approvals. In addition, the Company announced that it has entered into a definitiv
About this update from Antero Midstream Corporation
[{"type":"text","content":"DENVER, Dec. 8, 2025 /PRNewswire/ -- Antero Midstream Corporation (NYSE: AM) ("Antero Midstream" or the "Company") today announced that it has entered into a definitive agreement to acquire HG II Energy Midstream Holdings, LLC ("HG Midstream") from HG Energy II, LLC ("HG Energy") for $1.1 billion in cash, subject to customary closing adjustments. The transaction is expected to close in the second quarter of 2026 and is subject to customary regulatory approvals. In addition, the Company announced that it has entered into a definitive agreement to divest its Ohio Utica Shale assets for $400 million in cash, subject to customary closing adjustments. This transaction is expected to close in the first quarter of 2026. The transactions were unanimously approved by the Company's Board of Directors.","length":851,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Antero Midstream) (PRNewsfoto/Antero Midstream)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Antero Midstream) (PRNewsfoto/Antero Midstream)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":172,"url":"https://media.zenfs.com/en/prnewswire.com/008f53e8bfc3029c0e6b0c158daf060b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/XBfRWRoNHmXPS3eYShIvfw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTMwMztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/008f53e8bfc3029c0e6b0c158daf060b","width":400,"height":172}},"href":"https://mma.prnewswire.com/media/847871/Antero_Midstream_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Strategic Announcements Highlights and Rationale:","length":49,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Strategic bolt-on acquisition contiguous to Antero Midstream's assets in the core of the Marcellus Shale serving investment grade customer, Antero Resources","length":165,"tagName":"p"}]},{"val":[{"type":"text","content":"Estimated to be immediately accretive to Free Cash Flow after dividends by over 15% (non-GAAP)","length":94,"tagName":"p"}]},{"val":[{"type":"text","content":"Expected to add approximately 900 MMcf/d of throughput in 2026 and over 400 undeveloped Marcellus locations dedicated to AM","length":128,"tagName":"p"}]},{"val":[{"type":"text","content":"Acquisition transaction multiple of app...