earnings
confidence high
sentiment positive
materiality 0.75
Antero Midstream Q2 2023: net income $87M ($0.18/sh), adj EBITDA $243M, volumes up 11-17% YoY
Antero Midstream Corp
2023-Q2 EPS reported
$0.36
revenue$517,762,000
- Net income of $87M ($0.18 diluted EPS); adjusted net income $105M ($0.22 diluted EPS), up 10% YoY per share.
- Adjusted EBITDA $243M (+10% YoY); Free cash flow before dividends $139M (+31% YoY); FCF after dividends $31M (vs -$2M prior year).
- Gathering volumes +11% YoY; compression volumes +17% YoY; capital expenditures $49M (-31% YoY).
- Leverage at 3.5x at quarter-end; targeting 3.0x or less in 2024; achieved fourth consecutive quarter of FCF after dividends.