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 Resources (NYSE: AR) has scheduled its fourth quarter 2024 earnings release for Wednesday, February 12, 2025, after the NYSE trading closes. The company will host a conference call on Thursday, February 13, 2025, at 9:00 am MT, featuring a Q&A session with security analysts.
Participants can join the call at 877-407-9079 (U.S.) or 201-493-6746 (International). A replay will be available until February 20, 2025, at 877-660-6853 (U.S.) or 201-612-7415 (International) using conference ID 13750392. The webcast and presentation will be accessible on www.anteroresources.com and archived until February 20, 2025.
Antero Resources operates as an independent natural gas and natural gas liquids company, focusing on unconventional properties in the Appalachian Basin across West Virginia and Ohio, working alongside its affiliate Antero Midstream (NYSE: AM).
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.
Antero Midstream (NYSE: AM) reported Q3 2024 financial results with Net Income of $100 million ($0.21 per diluted share), a 5% increase per share year-over-year. Adjusted EBITDA reached $256 million, up 2% from the prior year quarter. The company generated Free Cash Flow after dividends of $40 million, a 32% increase year-over-year. Key operational metrics showed mixed performance with high pressure gathering volumes up 4%, while fresh water delivery volumes decreased 33%. The company maintained a leverage ratio of 3.1x and announced the appointment of Jeffrey Muñoz to its Board of Directors.
Antero Resources reported Q3 2024 financial results with net production averaging 3.4 Bcfe/d, a 2% decrease year-over-year. The company posted a net loss of $20 million and Adjusted Net Loss of $37 million. Natural gas production decreased 4% to 2.2 Bcf/d, while liquids production increased 2% to 206 MBbl/d. The company achieved record operational efficiency with 12.1 completion stages per day and reduced its 2024 drilling and completion capital budget to $640-660 million due to efficiency gains and deferred completions. Antero realized premium pricing with a $0.98 per Mcfe premium to NYMEX and record C3+ NGL price premium of $2.29 per barrel.
Antero Resources (NYSE: AR) has announced its plans to release its third quarter 2024 earnings on Wednesday, October 30, 2024 after the close of trading on the New York Stock Exchange. The company will host a conference call on Thursday, October 31, 2024 at 9:00 am MT to discuss financial and operational results, followed by a brief Q&A session for security analysts.
To participate in the call, dial 877-407-9079 (U.S.) or 201-493-6746 (International) and reference "Antero Resources." A telephone replay will be available until November 7, 2024. The earnings conference call presentation and live webcast can be accessed on Antero's website, with the webcast archived for replay until November 7, 2024.
Antero Resources is an independent natural gas and natural gas liquids company operating in the Appalachian Basin, integrated with its affiliate Antero Midstream (NYSE: AM).
Antero Midstream (NYSE: AM) has announced its third quarter 2024 return of capital and earnings release details. The company's Board of Directors declared a cash dividend of $0.225 per share for Q3 2024, payable on November 6, 2024, to stockholders of record as of October 23, 2024. This represents an annualized dividend of $0.90 per share and marks the 40th consecutive quarterly dividend since the company's IPO in November 2014.
Antero Midstream will release its Q3 2024 earnings on Wednesday, October 30, 2024, after the NYSE closing. A conference call is scheduled for Thursday, October 31, 2024, at 10:00 am MT to discuss the results, followed by a brief Q&A session for analysts. The company did not repurchase any common shares during Q3 2024.
Antero Midstream (NYSE: AM) reported its second quarter 2024 financial and operating results. Key highlights include:
- Net Income was $86 million, or $0.18 per diluted share, consistent with the prior year quarter.
- Adjusted Net Income rose to $110 million, or $0.23 per diluted share, marking a 5% increase.
- Adjusted EBITDA was $255 million, up 5% from Q2 2023.
- Capital expenditures totaled $51 million.
- Free Cash Flow after dividends increased by 41% to $43 million.
- A strategic acquisition of Marcellus gathering and compression assets was completed for $70 million.
- Maintained leverage at 3.1x and received a credit rating upgrade to BB+ from S&P Global Ratings.
- Extended credit facility maturity to 2029, maintaining commitments of $1.25 billion.
Operational metrics showed mixed results with a 1% decrease in low pressure gathering volumes and a 23% drop in fresh water delivery volumes, while high pressure gathering volumes increased by 2%.
Antero Resources (NYSE: AR) reported its Q2 2024 results, highlighting a mixed performance.
Net production averaged 3.4 Bcfe/d, up 1% YoY. Natural gas production declined 4% to 2.1 Bcf/d, while liquids production rose 10% to 212 MBbl/d, now 37% of total production.
Realized natural gas equivalent price was $2.98 per Mcfe, a $1.09 premium to NYMEX. Reported a net loss of $66 million, with an adjusted net loss of $60 million (Non-GAAP). Adjusted EBITDAX was $151 million, and net cash from operations was $143 million.
Operational highlights include a record 11.9 completion stages per day and the second-highest production rate per well. Investment grade rating was achieved post upgrade from S&P.
Guidance for full-year 2024 was increased, with production expected between 3.375 to 3.425 Bcfe/d, driven by higher liquids volumes. C3+ NGL realized price guidance was raised, potentially boosting annual free cash flow by $60 million.
Despite financial losses, operational efficiency and strategic moves in NGL pricing remain strong points for Antero.
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.
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.