Antero Midstream Corp Stock Price, News & Analysis

Crestwood Equity Partners LP (NYSE: CEQP) announced the sale of its Marcellus natural gas gathering and compression assets to Antero Midstream Corporation (NYSE: AM) for $205 million in cash. This divestiture, generating over 7 times 2023E Adjusted EBITDA, reflects Crestwood's strategy to focus on its core operations in the Williston, Delaware, and Powder River basins. The proceeds will enhance financial flexibility through debt reduction and unit repurchases. The transaction is expected to close in Q4, pending regulatory approvals.

Antero Midstream Corporation (NYSE: AM) reported its second quarter 2022 financial results, showing a net income of $79 million ($0.17 per share), consistent with the prior year. Adjusted net income reached $96 million ($0.20 per share). Key figures included adjusted EBITDA of $221 million and free cash flow before dividends of $105 million. Low pressure gathering volumes grew by 3%, while fresh water delivery volumes increased by 6%. The company placed the Castle Peak compressor station into service, enhancing capacity in the Marcellus shale. Overall, operational efficiency is expected to drive future EBITDA growth.

Antero Midstream Corporation (NYSE: AM) announced a cash dividend of $0.225 per share for Q2 2022, amounting to $0.90 annually. This marks the 31st consecutive quarterly dividend since its IPO in November 2014. The dividend will be paid on August 10, 2022, to stockholders of record as of July 27, 2022. Furthermore, Antero Midstream plans to report its Q2 2022 earnings on July 27, 2022, followed by a conference call on July 28, 2022.

Antero Resources (NYSE: AR) will release its second quarter 2022 earnings on July 27, 2022, after market close. The company has scheduled a conference call for July 28, 2022, at 9:00 am MT to discuss the results, followed by a Q&A session for analysts. Participants can join via phone or online, with replay options available until August 4, 2022. Antero, based in the Appalachian Basin, specializes in natural gas and liquids, and partners with Antero Midstream (NYSE: AM) for integrated operations.

Antero Midstream Corporation (NYSE: AM) reported its Q1 2022 financial results, revealing a net income of $80 million, equivalent to $0.17 per share. Adjusted net income fell to $93 million or $0.19 per share, down from $101 million a year prior. Adjusted EBITDA was $209 million, while capital expenditures surged to $95 million, marking a 216% increase year over year. Despite a decline in fresh water delivery volumes by 16%, low pressure gathering volumes rose by 3% to an average of 2,930 MMcf/d. The company projects stable growth with controlled capital spending and inflation mitigation strategies.

Antero Midstream Corporation (NYSE: AM) declared a cash dividend of $0.225 per share for Q1 2022, amounting to $0.90 annualized. This marks the 30^th consecutive quarterly dividend since its IPO in November 2014. The dividend will be paid on May 11, 2022, to stockholders of record by April 27, 2022. Additionally, the company plans to release its Q1 earnings on April 27, 2022, after trading closes, with a conference call set for April 28, 2022, to discuss the results.

Antero Midstream Corporation (NYSE: AM) reported its Q4 2021 results, showing a net income of $79 million, or $0.16 per share. Adjusted EBITDA increased 5% to $213 million. For the full year, net income reached $332 million, compared to a net loss in 2020, with an adjusted EBITDA of $876 million. The 2022 guidance estimates net income of $330-$370 million and adjusted EBITDA of $850-$890 million. Capital expenditures are projected at $275-$300 million. The company aims for low single-digit throughput growth and plans significant investments in Marcellus and Utica Shale infrastructure.

Antero Resources (NYSE: AR) will release its fourth quarter 2021 earnings on February 16, 2022, after the NYSE trading close. A conference call to discuss the results is set for February 17, 2022, at 9:00 am MT. Analysts can dial 877-407-9079 (U.S.) or 201-493-6746 (International) to join. The call will include a Q&A session, and a replay will be available until February 24, 2022. Antero, based in the Appalachian Basin, is a key player in natural gas production alongside its affiliate, Antero Midstream (NYSE: AM).

Antero Midstream Corporation (NYSE: AM) declared a cash dividend of $0.225 per share for Q4 2021, marking the 30th consecutive quarterly dividend since its IPO in November 2014. This dividend will be paid on February 9, 2022 to stockholders of record as of January 26, 2022. The company has $150 million remaining for share repurchases under its $300 million program. Antero Midstream will release its fourth quarter and full year 2021 earnings on February 16, 2022, followed by a conference call on February 17, 2022.