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 Corp (AM) operates critical midstream infrastructure supporting energy production across the Appalachian Basin. This page aggregates official press releases and verified news covering operational developments, financial disclosures, and strategic initiatives essential for stakeholders.
Investors will find timely updates including quarterly earnings reports, infrastructure expansion announcements, and partnership agreements. Our curated collection ensures access to primary source information about the company's gathering/processing operations and water management solutions.
Key focus areas include pipeline network developments, processing capacity enhancements, and environmental stewardship initiatives. Content is organized to highlight material events while maintaining context about AM's integrated midstream services for Antero Resources.
Bookmark this page for direct access to AM's latest regulatory filings, executive commentary, and operational milestones. Check regularly for updates impacting the company's position in the energy infrastructure sector.
Antero Midstream Corporation (NYSE: AM) reported its first quarter 2023 results, highlighting a notable 8% increase in gathering volumes and an 11% rise in compression volumes year-over-year. The company achieved a net income of $87 million, reflecting a 6% increase per diluted share to $0.18, while adjusted net income reached $100 million, or $0.21 per share, marking an 11% rise. Adjusted EBITDA climbed to $242 million, up 16% year-over-year. Capital expenditures were down 64%, totaling $34 million. Additionally, free cash flow after dividends improved to $46 million, a significant turnaround from a deficit last year. The 2023 guidance was also lifted, with net income and adjusted EBITDA expectations increased by $15 million and $20 million, respectively. Antero Midstream continues to focus on reducing debt and leveraging opportunities.
Antero Resources announced its first quarter 2023 results, showing net production averaging 3.3 Bcfe/d, a 3% increase year-over-year. Liquids production rose by 17%, averaging 187 MBbl/d, while natural gas production decreased by 3% to 2.2 Bcf/d. The company achieved a pre-hedge natural gas equivalent price of $4.13 per Mcfe, significantly above NYMEX pricing. Net income stood at $213 million, with Adjusted EBITDA at $414 million. The firm returned 50% of its Free Cash Flow through share buybacks, purchasing about $87 million worth of shares. Antero completed a world record of 12,340 lateral feet drilled in 24 hours and experienced a decrease in operational costs. The company maintains a strong balance sheet with a 0.5x debt leverage ratio, indicating robust financial health.
Antero Resources (NYSE: AR) will release its Q1 2023 earnings on April 26, 2023, after market close. A conference call to discuss results will take place on April 27, 2023, at 9:00 am MT. Participants can join the call by dialing 877-407-9079 for the U.S. or 201-493-6746 internationally. A replay will be available until May 4, 2023. The company operates in the Appalachian Basin, focusing on natural gas and liquids production. For more details, visit www.anteroresources.com.
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