Antero Midstream Q4 adj EPS $0.24 (+20% YoY); guides 2024 EBITDA up 5%; authorizes $500M buyback

Antero Midstream Corp

2023-FY EPS reported $0.77 revenue$1,041,771,000

Q4 net income $100M ($0.21 diluted EPS); adjusted net income $114M ($0.24 diluted EPS) up 20% YoY.
Q4 adjusted EBITDA $254M (+10% YoY); free cash flow after dividends $48M vs $8M prior year.
Full year 2023 adjusted EBITDA $989M at high end of guidance; capex $185M at low end.
2024 guidance: adj EBITDA $1,020–1,060M (+5% at midpoint); capex $150–170M; FCF after dividends $235–275M.
Authorized $500M share repurchase program; leverage 3.3x at year-end, targeting 3.0x.

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 0.9

Antero Midstream Corp reported the year ended December 31, 2023 results: net income Net Income was $372 million, or $0.77 per diluted share, EPS $0.77 per diluted share. Guidance reaffirmed.

Period: the year ended December 31, 2023
Net income: Net Income was $372 million, or $0.77 per diluted share
EPS: $0.77 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Net Income was $372 million, or $0.77 per diluted share

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Antero Midstream Corp reported the quarter ended December 31, 2023 results: net income Net Income was $100 million, or $0.21 per diluted share, EPS $0.21 per diluted share.

Period: the quarter ended December 31, 2023
Net income: Net Income was $100 million, or $0.21 per diluted share
EPS: $0.21 per diluted share
Result: reported results

Exact text from the filing

Net Income was $100 million, or $0.21 per diluted share

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Antero Midstream Corp reported 2024 results: net income Net Income of $405 to $445 million, EPS $0.84 to $0.93 per share. Guidance initiated.

Period: 2024
Net income: Net Income of $405 to $445 million
EPS: $0.84 to $0.93 per share
Guidance: initiated
Result: guidance update

Exact text from the filing

Net Income of $405 to $445 million, representing GAAP earnings of $0.84 to $0.93 per share

View on SEC.gov

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Source: SEC EDGAR

accession 0001104659-24-024026

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