Antero Midstream Corporation

AM

Equity

ISIN US03676B1026 / Valor 46776740

New York Stock Exchange, Inc (2024-12-24)

USD 15.30+1.59%

Antero Midstream Corporation
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About company

Antero Midstream Corporation is a company that focuses on operating and developing midstream gathering, compression, processing, and fractionation assets in the Appalachian Basin. These assets play a crucial role in connecting natural gas and petroleum products to the global export market for Liquified Natural Gas (LNG) and Liquified Petroleum Gases (LPG). By providing essential infrastructure for the transportation and processing of these resources, Antero Midstream plays a key role in the energy supply chain within the region.

Summarized from source with an LLMView SourceSector: Energy

Net Income Growth

Antero Midstream Corporation reported a net income of $100 million for the third quarter of 2024, translating to $0.21 per diluted share. This marks a 5% per share increase compared to the same quarter in the previous year, showcasing the company's steady financial growth.

Adjusted EBITDA Increase

The company achieved an adjusted EBITDA of $256 million in the third quarter of 2024, reflecting a 2% increase from the prior year quarter. This improvement highlights Antero Midstream Corporation's effective cost management and operational efficiency.

Free Cash Flow Surge

For the third quarter of 2024, Antero Midstream Corporation generated $40 million in free cash flow after dividends, representing a significant 32% increase compared to the previous year. This marks the ninth consecutive quarter of positive free cash flow after dividends, underscoring the company's robust financial health.

Revenue Composition

Antero Midstream Corporation's total revenues for the third quarter of 2024 amounted to $270 million. This includes $226 million from the Gathering and Processing segment and $44 million from the Water Handling segment, demonstrating a balanced revenue stream across its operations.

Capital Expenditures and Outlook

During the third quarter of 2024, Antero Midstream Corporation's capital expenditures totaled $56 million. The company anticipates a sequential decline in capital expenditures in the fourth quarter, aligning with its annual capital budget guidance of $150 to $170 million, positioning it well for future growth.

Summarized from source with an LLMView Source

Key figures

21.3%1Y

59.4%3Y

113%5Y

Performance

20.4%1Y

27.4%3Y

45.7%5Y

Volatility