Antero Midstream: Veolia Lawsuit Proceeds Helps Reduce Its Leverage (NYSE:AM)

Antero Midstream received $371 million from a favorable Veolia lawsuit decision, reducing its proforma leverage to 2.8x and aiding in the repayment of $650 million notes due 2028. The company is also investing in the East Side Express pipeline to support Antero Resources' dry gas development. Despite increased operating expenses, volume growth appears to be on track.