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Antero Midstream Corporation - AM STOCK NEWS

Welcome to our dedicated page for Antero Midstream Corporation news (Ticker: AM), a resource for investors and traders seeking the latest updates and insights on Antero Midstream Corporation stock.

Antero Midstream Corporation (NYSE: AM) is a premier midstream energy infrastructure company headquartered in Denver, Colorado. Established in 2013, the firm owns, operates, and develops critical midstream assets that support natural gas and liquids production in the Appalachian Basin, specifically the Marcellus Shale and Utica Shale located in West Virginia and Ohio.

Antero Midstream operates through two primary segments: Gathering and Processing and Water Handling and Treatment. The Gathering and Processing segment includes an extensive network of pipelines and compressor stations that collect and process production from Antero Resources' wells. The Water Handling and Treatment segment supplies fresh water from the Ohio River and regional reservoirs, along with wastewater treatment and disposal services.

As of the latest updates, Antero Midstream has been involved in several significant financial activities, such as the pricing of a $600 million offering of senior notes due 2032. The company intends to use the proceeds from this offering to reduce its revolving credit facility debt, which can be reborrowed for general corporate purposes. Furthermore, Antero Midstream has consistently shown financial strength, reflected by their adjusted EBITDA of $265 million for the first quarter of 2024, a 10% increase over the previous year.

The company has also made strategic acquisitions and investments, most notably the recent $70 million purchase of gathering and compression assets in the Marcellus Shale from Summit Midstream Partners LP. This acquisition is expected to be over 5% accretive to Free Cash Flow after dividends through 2027. Additionally, Antero Midstream declared a cash dividend of $0.225 per share for the first quarter of 2024, underscoring its commitment to shareholder returns.

Antero Midstream Corporation is an integral player in the midstream energy sector, ensuring the efficient and safe transportation, processing, and treatment of natural gas and related products. The company's robust infrastructure and strategic initiatives make it a vital partner for Antero Resources and a significant entity in the U.S. energy landscape.

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Antero Midstream (NYSE: AM) has declared a cash dividend of $0.225 per share for Q2 2024, totaling $0.90 annually. This marks their 39th consecutive quarterly dividend since their 2014 IPO. The dividend will be payable on August 7, 2024, to shareholders recorded by July 24, 2024. No shares were repurchased this quarter. Antero will release its Q2 2024 earnings on July 31, 2024, post-trading hours, and will host a conference call on August 1, 2024, at 10:00 am MT to discuss financial results. A replay of the call will be available until August 8, 2024. Visit www.anteromidstream.com for the live webcast and replay.

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Antero Resources (NYSE: AR) will release its Q2 2024 earnings on July 31, 2024, post-market close. A conference call to discuss the financial results will occur on August 1, 2024, at 9:00 am MT. Analysts can join the call by dialing 877-407-9079 (U.S.) or 201-493-6746 (International). The conference ID is 13743656. A replay will be available until August 8, 2024. The earnings call and presentation can be accessed on Antero's website.

Antero Resources is a leading independent natural gas producer in the Appalachian Basin, operating primarily in West Virginia and Ohio, alongside Antero Midstream (NYSE: AM). The company focuses on acquiring, developing, and producing unconventional natural gas properties.

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Antero Resources (NYSE: AR) has been upgraded to an investment grade credit rating of BBB- from BB+ by S&P Global Ratings, effective May 15, 2024. This upgrade follows the investment grade rating by Fitch Ratings since September 2022. The new rating is expected to significantly reduce letters of credit tied to Antero's firm transportation portfolio and lower interest expenses.

Michael Kennedy, CFO of Antero Resources, attributed this achievement to the company's development program and debt reduction strategy, which has cut over $2 billion in debt since late 2019. Antero Resources is a leading operator in the Appalachian Basin, focusing on natural gas and liquids production.

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Antero Midstream announced a bolt-on acquisition of gathering and compression assets in the Marcellus Shale for $70 million, increasing 2024 guidance, and redeeming 2026 Senior Notes. The acquisition is expected to boost Free Cash Flow, EBITDA, and Free Cash Flow after dividends. The company aims to enhance shareholder value through strategic acquisitions.

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Antero Midstream (NYSE: AM) announced its first quarter 2024 financial results, showcasing growth in gathering and processing volumes, record net income, and substantial free cash flow generation. Key highlights include a 4% and 6% increase in gathering and processing volumes, respectively, compared to the prior year quarter, a record net income of $104 million, and a 62% increase in free cash flow after dividends. Adjusted EBITDA grew by 10%, while capital expenditures decreased by 11%. Leverage declined from 3.3x to 3.1x, showing strong financial management. Antero Midstream's integrated planning and development program in Appalachia contributed to these impressive results.
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Antero Resources (NYSE: AR) announces its first quarter 2024 financial and operating results, showcasing an increase in production, liquids volumes, and net income. The company achieved record completion stages and drilling accomplishments, expanded gas certification, and established a commercial agreement for LPG cookstoves in Ghana. Financially, Antero improved its capital efficiency and achieved positive Free Cash Flow despite lower natural gas prices. The company's focus on liquids development and reduction in maintenance capital expenditures contributed to its financial success.
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Antero Midstream (AM) declares a cash dividend of $0.225 per share for the first quarter of 2024, with plans to issue its first quarter 2024 earnings on April 24, 2024. The dividend represents the 38th consecutive quarterly payment since its IPO in 2014.
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Antero Resources (NYSE: AR) announced its first quarter 2024 earnings release scheduled for April 24, 2024, with a conference call on April 25, 2024, to discuss financial and operational results. Antero is an independent natural gas company operating in the Appalachian Basin.
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Antero Resources Corporation (NYSE: AR) announces the redemption of its outstanding 4.25% Convertible Senior Notes Due 2026, totaling $26,386,000, at a Redemption Price of $1,003.54 per $1,000 principal amount of Notes. Notes can be converted before April 1, 2024, with a conversion rate of 230.2026 shares of Common Stock per $1,000 principal amount of Notes.
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Antero Resources Corporation (AR) announced its Q4 2023 financial results, with net production up 6% to 3.4 Bcfe/d and estimated proved reserves at 18.1 Tcfe for 2023. The company expects a transformational 2024 with a reduced maintenance capital budget and benefits from LNG export facility buildouts.
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FAQ

What does Antero Midstream Corporation do?

Antero Midstream owns, operates, and develops midstream energy infrastructure in the Appalachian Basin, focusing on gathering and processing natural gas and water handling and treatment services.

What are the main segments of Antero Midstream’s operations?

Antero Midstream operates through two primary segments: Gathering and Processing, and Water Handling and Treatment.

How did Antero Midstream perform financially in the first quarter of 2024?

Antero Midstream reported an adjusted EBITDA of $265 million, a 10% increase compared to the first quarter of 2023.

What recent acquisitions has Antero Midstream made?

In May 2024, Antero Midstream acquired gathering and compression assets in the Marcellus Shale from Summit Midstream Partners LP for $70 million.

What is Antero Midstream's dividend policy?

Antero Midstream declared a cash dividend of $0.225 per share for the first quarter of 2024, equivalent to $0.90 per share on an annualized basis.

What strategic financial moves has Antero Midstream made recently?

Antero Midstream priced a $600 million offering of senior notes due 2032 to reduce its revolving credit facility debt.

How does Antero Midstream support Antero Resources?

Antero Midstream provides essential gathering, compression, processing, and water handling services, which support Antero Resources' production activities in the Appalachian Basin.

What is the impact of Antero Midstream's recent acquisition on its financials?

The acquisition is estimated to be over 5% accretive to Free Cash Flow after dividends through 2027 and increases the 2024 Adjusted EBITDA and Free Cash Flow guidance.

Where is Antero Midstream headquartered?

Antero Midstream is headquartered in Denver, Colorado.

What are Antero Midstream's plans for future growth?

Antero Midstream plans to continue acquiring strategic assets, enhancing its operational efficiency, and focusing on shareholder returns through dividends and potential share repurchase programs.

Antero Midstream Corporation

NYSE:AM

AM Rankings

AM Stock Data

7.15B
481.24M
30.05%
55.22%
2.94%
Pipeline Transportation of Natural Gas
Transportation and Warehousing
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United States of America
DENVER