earnings
confidence high
sentiment positive
materiality 0.75
Antero Midstream Q2 net income $86M; adjusted EBITDA $255M (+5%); FCF after dividends up 41%
Antero Midstream Corp
2024-Q2 EPS reported
$0.39
revenue$548,846,000
- Net income $86M ($0.18 diluted EPS); adjusted net income $110M ($0.23 diluted EPS), up 5% per share YoY
- Adjusted EBITDA $255M, up 5% YoY; capital expenditures $51M; free cash flow after dividends $43M, up 41%
- Leverage at 3.1x, down from 3.5x prior year; net debt reduced by $120M over the last year
- Acquired bolt-on Marcellus gathering and compression assets for $70M from primary customer Antero Resources
- S&P upgraded corporate credit rating to BB+; credit facility extended to 2029 with $1.25B commitments