earnings
confidence high
sentiment positive
materiality 0.70
Antero Midstream Q1 net income record $104M, Adj. EBITDA +10% YoY to $265M
Antero Midstream Corp
2024-Q1 EPS reported
$0.21
revenue$279,051,000
- Net income of $104M ($0.21/diluted share), up 17% per share YoY; adjusted net income $117M ($0.24/share).
- Adjusted EBITDA $265M, up 10% YoY; free cash flow after dividends $74M, +62% YoY.
- Gathering and processing volumes up 4% and 6% YoY; Grays Peak compressor (160 MMcf/d) placed in service.
- CapEx $30M, down 11% YoY; leverage fell from 3.3x at Q4 2023 to 3.1x, on track for 3.0x in 2024.