Antero Midstream operates as a traditional corporate entity structured as a C Corporation rather than a Master Limited Partnership (MLP). This corporate structure means that the company issues standard Form 1099s for tax reporting purposes rather than the complex Schedule K-1 forms typically associated with MLPs. Management transitioned the corporate tax structure to simplify tax reporting for retail and institutional investors alike, making it easier for a wider range of mutual funds, retirement accounts, and individual equity portfolios to hold the stock without encountering specialized partnership tax complications.