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Antero Midstream (AM) - 2024 Q2 - Quarterly Results
2024-07-31 20:47
Exhibit 99.1 Antero Midstream Announces Second Quarter 2024 Financial and Operating Results Denver, Colorado, July 31, 2024—Antero Midstream Corporation (NYSE: AM) ("Antero Midstream" or the "Company") today announced its second quarter 2024 financial and operating results. The relevant unaudited condensed consolidated financial statements are included in Antero Midstream's Quarterly Report on Form 10-Q for the three months ended June 30, 2024. Second Quarter 2024 Highlights: · Net Income was $86 million, o ...
Antero Midstream (AM) - 2024 Q2 - Quarterly Report
2024-07-31 20:15
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-38075 ANTERO MIDSTREAM CORPORATION (Exact name of registrant as specified in its charter) Delaware 61-1748605 ...
Antero Midstream Announces Second Quarter 2024 Financial and Operating Results
Prnewswire· 2024-07-31 20:15
DENVER, July 31, 2024 /PRNewswire/ -- Antero Midstream Corporation (NYSE: AM) ("Antero Midstream" or the "Company") today announced its second quarter 2024 financial and operating results.  The relevant unaudited condensed consolidated financial statements are included in Antero Midstream's Quarterly Report on Form 10-Q for the three months ended June 30, 2024.Second Quarter 2024 Highlights:Net Income was $86 million, or $0.18 per diluted share, in line with the prior year quarter on a per share basisAdjust ...
Antero Midstream Announces Second Quarter 2024 Return of Capital and Earnings Release Date and Conference Call
Prnewswire· 2024-07-10 20:15
DENVER, July 10, 2024 /PRNewswire/ -- Antero Midstream Corporation (NYSE: AM) ("Antero Midstream") today announced that the Board of Directors of Antero Midstream declared a cash dividend of $0.225 per share for the second quarter of 2024. In addition, Antero Midstream announced plans to issue its second quarter 2024 earnings on Wednesday, July 31, 2024 after the close of trading on the New York Stock Exchange.Second Quarter 2024 Return of CapitalThe Board of Directors of Antero Midstream declared a cash di ...
7 Stocks to Buy and Hold Forever for an ‘All-in-One Portfolio'
Investor Place· 2024-07-10 18:23
The stock market has been stellar so far in 2024. The S&P 500 and Nasdaq have hit fresh all-time highs, but volatility could creep back in as rate cuts take effect. This may seem counter-intuitive. But historically speaking, recessions and downturns have aligned with the Federal Reserve initiating rate cuts.Yet, despite the near-term uncertainty, I remain optimistic about the market’s prospects over the mid-to-long term. Why? History has shown repeatedly that a well-diversified portfolio of high-quality com ...
Strong Buys - The 4 Dividend Gems I Trust With A Third Of My Net Worth
Seeking Alpha· 2024-07-08 12:05
stocknshares Introduction I have the privilege to discuss investment ideas with my readers on Seeking Alpha almost on a daily basis - 365 days a year. As it says in my Seeking Alpha bio: [...] Leo aims to provide insightful analysis and actionable investment ideas, with a particular emphasis on dividend growth opportunities. While we discuss countless topics, like uranium miners and trucking companies, my main goal is always to achieve (at least) three things: I want to discuss important "big picture" ...
Why Is Antero Midstream (AM) Up 1.3% Since Last Earnings Report?
zacks.com· 2024-05-24 16:39
It has been about a month since the last earnings report for Antero Midstream Corporation (AM) . Shares have added about 1.3% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Antero Midstream due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Antero Midstream Q1 Ear ...
My Favorite 4: How I'm Building A Superior Energy Portfolio
seekingalpha.com· 2024-05-16 11:00
aluxum/E+ via Getty Images Introduction It's time to talk about energy - yes, again. However, in this article, I'll do things differently, as this is an article I had on my planning for a while, I just missed some "puzzle pieces" to complete what I'm working on here. As most of my readers know, I have been very bullish on oil (and gas) since the end of the pandemic, mainly due to increasingly favorable supply/demand dynamics. With that said, I cover a wide range of energy stocks in a variety of industri ...
Antero Midstream Announces Bolt-On Acquisition, Increased 2024 Guidance and Redemption of 2026 Senior Notes
Prnewswire· 2024-05-02 20:15
DENVER, May 2, 2024 /PRNewswire/ -- Antero Midstream Corporation (NYSE: AM) ("Antero Midstream" or the "Company") today announced a bolt-on acquisition of gathering and compression assets in the Marcellus Shale for $70 million from Summit Midstream Partners LP (NYSE: SMLP). The transaction closed on May 1, 2024 with an effective date of April 1, 2024. In addition, the Company announced that it has called for redemption all of its outstanding 7.875% Senior Notes due 2026 (the "2026 Notes") for redemption on ...
Why 6.3%-Yielding Antero Midstream Could Be Your Next Big Dividend Winner
Seeking Alpha· 2024-04-28 10:50
Core Viewpoint - The market is currently favoring growth stocks over value stocks despite economic indicators suggesting a preference for value investments. This trend is expected to shift as the market reassesses the potential of midstream companies like Antero Midstream, which is seen as undervalued with strong fundamentals and high yield potential [1][2][25]. Company Overview - Antero Midstream operates as a C-Corp and has a unique position in the midstream sector, primarily serving Antero Resources, which has low breakeven costs and significant reserves in the Appalachian Basin [10][12]. - The company has a robust infrastructure with over 400 miles of low-pressure pipelines and 230 miles of high-pressure pipelines, positioning it well for future growth [12]. Financial Performance - Antero Midstream reported a record-breaking free cash flow of $182 million before dividends, with post-dividend free cash flow reaching $74 million, marking a significant improvement in financial health [18][21]. - The company has reduced its net leverage ratio from 3.3x to 3.1x, indicating a stronger balance sheet and the ability to support its dividend and growth initiatives [20][21]. Dividend and Shareholder Value - Antero Midstream currently offers a dividend yield of 6.3%, with expectations for dividend growth as the company approaches its leverage target of 3.0x [22][25]. - Analysts project that the company could generate $700 million in free cash flow next year, allowing for substantial shareholder distributions through dividends and buybacks [22][25]. Market Position and Outlook - The natural gas market is expected to see a 25% increase in demand by 2050, with Antero Midstream positioned to benefit from this growth due to its strategic assets and relationships [6][10]. - The company is trading at a blended P/OCF ratio of 8.5x, below its historical average, suggesting significant upside potential as the market recognizes its value [22][23].