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 (NYSE: AM) is a Delaware-based midstream company that owns, operates and develops gathering, compression, processing, fractionation and integrated water assets in the Appalachian Basin. The AM news feed highlights how these assets support Antero Resources Corporation’s natural gas and liquids development, particularly in the Marcellus Shale and, historically, the Ohio Utica Shale.
News coverage for Antero Midstream often centers on quarterly financial and operating results, including updates on gathering and compression volumes, fresh water delivery volumes, Adjusted EBITDA, Free Cash Flow and leverage metrics. Earnings releases are typically accompanied by conference call details and investor presentations that explain segment performance in Gathering and Processing and Water Handling.
Another key news theme is capital allocation and return of capital. Press releases describe regular cash dividends, the history of consecutive quarterly dividends or distributions since Antero Midstream Partners LP’s initial public offering, and activity under the company’s authorized share repurchase program. Announcements frequently quantify recent share repurchases and remaining capacity under the authorization.
Strategic transactions and financing activities are also prominent in AM news. Recent items include the definitive agreement to acquire HG Energy II Midstream Holdings, LLC’s Marcellus Shale midstream assets, the planned divestiture of Utica Shale midstream assets, and multiple private offerings of senior notes due 2033 and 2034. These stories detail how Antero Midstream plans to use proceeds from debt offerings, its revolving credit facility and asset sales to fund acquisitions, refinance existing notes and manage its balance sheet.
Investors and analysts following AM news can use this page to review earnings announcements, return of capital updates, acquisition and divestiture developments, senior notes offerings and related SEC-reported events. Bookmark this feed to access a consolidated view of Antero Midstream’s latest corporate disclosures and market-moving announcements.
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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.