Antero Midstream Announces Fourth Quarter 2024 Return of Capital and Earnings Release Date and Conference Call

Rhea-AI Summary

Antero Midstream (NYSE: AM) has declared a quarterly cash dividend of $0.225 per share for Q4 2024, payable on February 12, 2025, to stockholders of record as of January 29, 2025. This represents an annualized dividend of $0.90 per share and marks the company's 41st consecutive quarterly dividend since its IPO in November 2014.

During Q4 2024, the company repurchased approximately 1.9 million shares for $28.7 million, with approximately $471 million remaining under its $500 million share repurchase program as of December 31, 2024. The company will release its Q4 2024 earnings on February 12, 2025, after market close, followed by a conference call on February 13, 2025.

Positive

• Maintained consistent quarterly dividend of $0.225 per share ($0.90 annualized)
• Executed $28.7 million in share repurchases during Q4 2024
• Substantial remaining share repurchase capacity of $471 million
• 41 consecutive quarters of dividend payments demonstrating financial stability

Negative

• None.

DENVER, Jan. 14, 2025 /PRNewswire/ -- Antero Midstream Corporation (NYSE: AM) ("Antero Midstream" or the "Company") today announced that the Board of Directors of Antero Midstream declared a cash dividend of $0.225 per share for the fourth quarter of 2024. The Company also repurchased approximately 1.9 million shares during the fourth quarter. In addition, Antero Midstream announced plans to issue its fourth quarter 2024 earnings on Wednesday, February 12, 2025 after the close of trading on the New York Stock Exchange.

Fourth Quarter 2024 Return of Capital

The Board of Directors of Antero Midstream declared a cash dividend of $0.225 per share for the fourth quarter of 2024, or $0.90 per share on an annualized basis. The dividend will be payable on February 12, 2025 to stockholders of record as of January 29, 2025. This represents the 41^st consecutive quarterly dividend or distribution paid since Antero Midstream Partners LP's initial public offering in November 2014. In addition, during the fourth quarter of 2024, Antero Midstream repurchased approximately 1.9 million shares for approximately $28.7 million. Antero Midstream had approximately $471 million of remaining share repurchase capacity under its $500 million authorized share repurchase program as of December 31, 2024.

Fourth Quarter 2024 Earnings Release Date and Conference Call

Antero Midstream plans to issue its fourth quarter 2024 earnings on Wednesday, February 12, 2025 after the close of trading on the New York Stock Exchange. A conference call is scheduled on Thursday, February 13, 2025 at 10:00 am MT to discuss the financial and operational results.  A brief Q&A session for security analysts will immediately follow the discussion of the results.  To participate in the call, dial in at 877-407-9126 (U.S.), or 201-493-6751 (International) and reference "Antero Midstream."  A telephone replay of the call will be available until Thursday, February 20, 2025 at 10:00 am MT at 877-660-6853 (U.S.) or 201-612-7415 (International) using the conference ID: 13750393. To access the live webcast and view the related earnings conference call presentation, visit Antero Midstream's website at www.anteromidstream.com.  The webcast will be archived for replay until Thursday, February 20, 2025 at 10:00 am MT.

Antero Midstream Corporation is a Delaware corporation that owns, operates and develops midstream gathering, compression, processing and fractionation assets located in the Appalachian Basin, as well as integrated water assets that primarily service Antero Resources Corporation's properties. 

 

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SOURCE Antero Midstream Corporation

FAQ

What is Antero Midstream's Q4 2024 dividend amount and payment date?

Antero Midstream declared a quarterly dividend of $0.225 per share ($0.90 annualized) for Q4 2024, payable on February 12, 2025, to stockholders of record as of January 29, 2025.

How many shares did Antero Midstream (AM) repurchase in Q4 2024?

Antero Midstream repurchased approximately 1.9 million shares for $28.7 million during Q4 2024.

What is the remaining balance in AM's share repurchase program as of December 31, 2024?

Antero Midstream had approximately $471 million remaining in its $500 million authorized share repurchase program as of December 31, 2024.

When will Antero Midstream release its Q4 2024 earnings?

Antero Midstream will release its Q4 2024 earnings on Wednesday, February 12, 2025, after the NYSE market close.

How many consecutive quarters has AM paid dividends since its IPO?

Antero Midstream has paid 41 consecutive quarterly dividends since its initial public offering in November 2014.