# Antero Midstream Partners LP Antero Midstream Partners LP is a Publicly Traded Partnership based in Denver, United States. ## Overview - **Organization type:** Publicly Traded Partnership - **Headquarters:** Denver, United States - **Region:** North America - **Address:** Denver, CO, United States - **Founded:** 2013 - **Assets under management:** Undisclosed - **Website:** anteromidstreampartners.com ## Regulatory record - **Reports private funds:** No ## About Antero Midstream Partners LP was established in 2013 by the Antero Resources Corporation, led by Paul M. Rady (Chairman and CEO of the parent) and Michael N. Kennedy, a former CEO of the MLP. The partnership owns and operates an integrated portfolio of midstream assets in the Appalachian Basin, including natural gas gathering pipelines, compression facilities, and water handling systems. Its primary customer is Antero Resources, which commits production volumes under long‐term, fee‐based contracts that provide revenue stability. The partnership's investment strategy focuses on organic growth through capital expenditures tied to Antero Resources' drilling program, plus selective third‐party acquisitions. It does not make direct venture/private equity investments. Geographically, its assets span West Virginia, Ohio, and Pennsylvania. The partnership has historically distributed most of its cash flow via quarterly dividends to unit holders. It maintains investment‐grade credit ratings. As of mid‐2024, the partnership reported over $1B in annual revenue, with a market capitalization in the $3–5B range (Altss estimate). The Denver‐based team is lean relative to the asset base, supported by Antero Resources' in‐house technical and operational staff. Antero Resources does not disclose the full professional count for the midstream entity separately. The partnership has no philanthropic foundation or adjacent vehicle disclosed at the entity level. Antero Midstream Partners LP is structured as a traditional master limited partnership (MLP) with a corporate general partner, distinguishing it from the typical family‐office vehicle that invests directly. Its mandate is asset‐owning and fee‐generating, not discretionary capital deployment. The governance model ties distribution growth to Antero Resources' drilling success, creating a symbiotic but concentrated revenue profile. ## Sectors - Infrastructure - Energy Transition & Renewables - Oil & Gas ## People - Paul M. Rady — Chairman and CEO of Antero Resources (sponsor) - Michael N. Kennedy — President and CFO of Antero Midstream Partners LP - David A. Copley — Senior Vice President and General Counsel ## Questions ### What assets does Antero Midstream Partners LP own? The partnership owns an extensive network of natural gas gathering pipelines, compression stations, and water handling infrastructure in the Marcellus and Utica shale plays across West Virginia, Ohio, and Pennsylvania. Its assets are contracted primarily to Antero Resources under long‐term, fee‐based agreements. ### How does the partnership generate revenue? It earns fee‐based income from gathering and processing natural gas produced by Antero Resources, plus fixed‐fee contracts for water services. Revenue is largely insulated from commodity price fluctuations because the contracts are volume‐ and fee‐based, not tied to natural gas prices. ### Does Antero Midstream Partners LP make direct equity investments in companies? No. The partnership is an owner and operator of midstream infrastructure — it does not make venture, private equity, or hedge fund allocations. Its capital deployment is limited to organic growth capex and occasional bolt‐on acquisitions of gathering or processing assets. ### Who controls the partnership's governance? Antero Midstream Partners LP is controlled by Antero Resources Corporation, which holds the general partner interest. Paul M. Rady serves as Chairman and CEO of Antero Resources, and Michael N. Kennedy as President and CFO of the midstream entity. The board includes representatives from both entities. ### What is the partnership's relationship with Antero Resources? Antero Resources is the primary customer and sponsor, committing its produced gas volumes to the partnership's gathering systems under long‐term contracts. This relationship provides revenue stability but concentrates counterparty risk. The two entities share operational and executive overlap. ### Does the partnership pay dividends? Yes. Antero Midstream Partners LP historically distributes a quarterly cash dividend to its common unit holders. The distribution amount is determined by available cash flow after operating expenses and maintenance capex, and it has been steadily increased over recent years. ### What is the partnership's geographic footprint? All assets are located in the Appalachian Basin, specifically in West Virginia, Ohio, and Pennsylvania. The partnership does not operate outside this region. ## Related profiles - [Span Alaska Transportation](https://altss.com/profile/span-alaska-transportation) --- Source record modified: 2026-06-03T20:00:00.000Z Last verified: not supplied by this public snapshot. ## Sources and provenance - Organization website as recorded: https://anteromidstreampartners.com/ Source links do not imply that every field was verified on the page modification date. See [Altss methodology](https://altss.com/methodology). Canonical page: https://altss.com/profile/antero-midstream-partners-lp Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology