S&P shifts Antero Midstream view to stable

S&P said it changed the outlook for Antero Midstream Partners LP to stable from negative and affirmed the B- issuer rating.

“AM outperformed our expectations in the second quarter of 2020. AM reported about $201 million in EBITDA, which beat our expectations. Distributable cash flow was $152 million, helped by a significant capex reduction, leading to distribution coverage of about 1x. We expect a relatively high distribution level to remain untouched in our base case, which drives the negative cash flows in our forecast,” S&P said in a press release.

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