Welcome to our dedicated page for Antero Midstream news (Ticker: AM), a resource for investors and traders seeking the latest updates and insights on Antero Midstream stock.
Antero Midstream Corporation reports news on its Appalachian Basin midstream business, including gathering, compression, processing and fractionation assets and integrated water assets that primarily service Antero Resources Corporation properties. Recurring updates cover operating volumes, capital expenditures, leverage, Adjusted EBITDA, free cash flow, annual guidance and the relationship between production activity and midstream throughput.
Company news also includes return-of-capital actions such as cash dividends and share repurchases, along with acquisition integration, asset transactions and other corporate finance developments tied to the company's midstream infrastructure portfolio.
Antero Midstream Corporation (NYSE: AM) declared a cash dividend of $0.3075 per share for Q3 2020, maintaining the same rate as Q2 2020. This marks the 23rd consecutive quarterly dividend since its IPO in November 2014. The dividend is payable on November 12, 2020, to shareholders of record by October 29, 2020. Antero plans to release its Q3 2020 earnings on October 28, 2020, and hold a conference call on October 29, 2020.
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Antero Midstream Corporation (NYSE: AM) reported its Q2 2020 financial results, highlighting a net income of $88 million ($0.19 per share), a 36% year-over-year increase. Adjusted Net Income also rose 36% to $106 million ($0.22 per share). Free Cash Flow significantly improved to $108 million from $15 million the previous year, driven by a 63% reduction in capital expenditures to $59 million. The company updated its 2020 capital budget to $200-$215 million and raised its Free Cash Flow guidance to $445-$475 million, reflecting enhanced financial flexibility amidst the COVID-19 pandemic.
Antero Midstream Corporation (NYSE: AM) declared a cash dividend of $0.3075 per share for Q2 2020, maintaining the same amount as Q1 2020. The dividend will be payable on August 12, 2020, to stockholders of record as of July 30, 2020. This marks the 22nd consecutive quarterly dividend since the company’s IPO in November 2014. Additionally, Antero Midstream repurchased approximately 3.2 million shares for about $8.9 million during the second quarter, with $150 million remaining under its $300 million share repurchase authorization.