The insider sales are routine portfolio diversification at trivial dollar amounts relative to market cap. No bearish signal. Monitor for any acceleration in selling volume or pattern changes in future filings.
Price Chart
Executive Summary
Two insiders at Antero Midstream sold a combined $3.71M in open-market sales over a 7-day window, representing ~0.036% of the $10.3B market cap. The sales occurred 5 days after the company reported solid Q1 2026 results (gathering volumes +14%, Adjusted EBITDA +5%, Adjusted Free Cash Flow after dividends +8%), and the dollar amount is trivial relative to company size.
Key Financial Metrics
Key Facts
- CEO Michael Kennedy sold 100,000 shares for $2.19M on May 4, 2026
- Yvette K. Schultz sold 69,269 shares for $1.52M on May 4, 2026
- Total cluster value of $3.71M is ~0.036% of AM's $10.3B market cap
- Sales occurred 5 days after Q1 2026 earnings: gathering volumes +14% YoY, Adjusted EBITDA +5% YoY, Net Income flat at $118M
- Company repurchased 1.0M shares for $18M in Q1 2026, with $318M remaining under buyback program
Financial Impact
Total insider sales of $3.71M, representing 0.036% of market cap — immaterial
Risk Factors
- Insider selling could increase if stock appreciates further
- Fresh water delivery volumes declined 21% YoY, though gathering volumes grew 14%
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-AM-1777945231227 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 6, 2026 8w ago | Insider Cluster | $21.27 $22.60 | ▲ +6.25% | ▲ +6.65% | $20.48 (−3.74%) |
Aug 2, 2026 8w ago | Institutional Cluster | $21.98 $22.42 | ▲ +2.00% | ▲ +0.76% | $20.48 (−6.85%) |
Jul 29, 2026 9w ago | 8-K | $21.55 $22.53 | ▲ +4.55% | ▲ +0.58% | $20.48 (−4.99%) |
Jul 29, 2026 9w ago | Press Release | $21.55 $22.53 | ▲ +4.55% | ▲ +0.58% | $20.48 (−4.99%) |
Jul 27, 2026 9w ago | 8-K | $21.97 $22.14 | ▲ +0.77% | ▼ −2.52% | $20.48 (−6.80%) |
May 12, 2026 20w ago | 8-K | $21.36 $21.49 | ▲ +0.61% | ▲ +2.34% | $20.48 (−4.14%) |
May 4, 2026 21w ago | 144 | $21.78 $21.21 | ▼ −2.62% | ▼ −7.57% | $20.48 (−5.99%) |
May 4, 2026 21w ago | Insider Cluster | $21.99 $20.83 | ▼ −5.28% | ▼ −10.92% | $20.48 (−6.89%) |
US Market Status
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