Antero Midstream Q3 net income $98M, EPS $0.20, raises FY adjusted EBITDA guidance to $970-990M

Antero Midstream Corp

2023-Q3 EPS reported $0.56 revenue$781,601,000

Net income $98M ($0.20 diluted EPS), up 18% per share YoY; adjusted net income $111M ($0.23 diluted EPS), up 15% per share.
Adjusted EBITDA $251M, up 12% YoY and 3% sequentially; gathering volumes +13%, compression +17% YoY.
FY 2023 guidance: Adjusted EBITDA raised to $970-990M (midpoint +$10M); FCF after dividends raised to $135-155M (midpoint +$5M).
Free cash flow after dividends $30M; leverage 3.4x; $100M debt reduction YTD; CEO cites company records.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Antero Midstream Corp reported the quarter ended September 30, 2023 results: net income Net Income was $98 million, or $0.20 per diluted share. Guidance raised.

Period: the quarter ended September 30, 2023
Net income: Net Income was $98 million, or $0.20 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

On October 25, 2023, Antero Midstream Corporation issued a press release, a copy of which is attached hereto as Exhibit 99.1 and incorporated by reference herein, announcing its financial and operational results for the quarter ended September 30, 2023.

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Source: SEC EDGAR

accession 0001104659-23-111461

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