Welcome to our dedicated page for Antero Midstream news (Ticker: AM), a resource for investors and traders seeking the latest updates and insights on Antero Midstream stock.
Company Overview
Antero Midstream Corp is a comprehensive midstream energy infrastructure operator headquartered in Denver, Colorado. Founded in 2013, the company focuses on owning, developing, and operating critical assets designed to service the prolific upstream production activities of its partner, Antero Resources, in the Appalachian Basin. Its robust network plays a vital role in transporting, processing, and managing energy resources, making it a key component in the midstream sector of the oil and gas industry.
Operations and Business Model
The company operates through two main segments: the Gathering and Processing segment and the Water Handling and Treatment segment. The Gathering and Processing segment is integral to collecting raw production from Antero Resources’ wells located primarily in West Virginia and Ohio. This segment features an extensive network of gathering pipelines and compressor stations that efficiently consolidate production, providing processing and fractionation services essential for transforming raw natural gas and natural gas liquids into marketable products.
The Water Handling and Treatment segment is equally pivotal, focusing on the management of water resources essential to energy production. By sourcing fresh water from the Ohio River, local reservoirs, and several regional waterways, the company ensures a reliable supply for energy operations while also managing wastewater treatment and disposal. Through specialized fluid handling services, which include high rate transfers and advanced wastewater processing, the company supports operational continuity and environmental management at levels that meet regulatory expectations.
Market Position and Infrastructure
Within the competitive landscape of the energy industry, Antero Midstream Corp has carved out a distinctive market position due to its direct integration with Antero Resources. This strategic association not only secures a steady production source but also reinforces the company's status as an indispensable midstream operator in the Appalachian Basin. The company’s infrastructure is designed to maximize operational efficiency and adapt to diverse market conditions, ensuring that its services remain reliable and consistent despite the cyclical nature of commodity markets.
Segment Details and Operational Excellence
Gathering and Processing: The company’s gathering pipelines and compressor stations are engineered to capture and deliver production efficiently from a wide array of well sites. This segment also provides processing facilities where crude production is refined, fractionated, and prepared for distribution. Emphasis on operational reliability and precision in engineering results in a resilient system that bridges the gap between raw production and refined market-ready products.
Water Handling and Treatment: Recognizing the critical importance of water management in energy operations, the company has built a dedicated infrastructure that manages both the supply of fresh water and the disposal of produced and process water. This segment not only sources water from major natural reserves like the Ohio River and local reservoirs but also ensures proper treatment and high rate transfer capabilities. These services are essential for maintaining the operational integrity of upstream activities and minimizing disruptions associated with water scarcity or management issues.
Operational Methodology and Industry Expertise
Antero Midstream Corp distinguishes itself by employing advanced engineering practices and rigorous maintenance protocols across its infrastructure. Each operational segment is designed to mitigate risks, enhance efficiency, and support the overall value chain of the energy production process. The company leverages extensive industry expertise and technical know-how to ensure that every component of its network—from pipelines to water treatment facilities—is maintained at the highest standards of safety and reliability.
Integration and Strategic Alignment
The synergy between Antero Midstream Corp and Antero Resources underscores a model of integrated energy production. This alignment facilitates streamlined operations, bridging the gap between extraction and transportation, and ultimately ensuring that energy resources are processed and delivered in a timely manner. Such integration is pivotal in stabilizing operations across varying market dynamics and operational challenges.
Key Challenges and Management Approach
Operating within the dynamic energy sector, Antero Midstream Corp faces challenges such as fluctuating commodity prices, regulatory compliance, and the inherent risks of managing large-scale infrastructure. The company’s management employs a measured and analytical approach, focusing on risk mitigation through diversified operations and a stringent adherence to industry best practices. This dedication to operational excellence is reflected in its robust water handling systems and resilient gathering pipelines, both of which are critical to the continuous support of upstream production activities.
Conclusion: A Pillar in Midstream Energy
In summary, Antero Midstream Corp represents a cornerstone in the midstream energy landscape. Its dual focus on gathering/processing and water handling/treatment provides a comprehensive solution tailored to the needs of contemporary energy production. With infrastructure that has been fine-tuned for efficiency, reliability, and adaptability, the company stands as a neutral yet authoritative example of operational excellence in the energy sector. Through clear strategic segmentation and specialized services, Antero Midstream Corp effectively bridges the gap between raw production and market-ready energy resources, fostering continuity and efficiency in the entire supply chain.
Antero Midstream (NYSE: AM) reported strong Q4 2024 results and provided 2025 guidance. Q4 highlights include Net Income of $111 million ($0.23 per share, up 10% YoY), Adjusted EBITDA of $274 million (up 8% YoY), and Free Cash Flow after dividends of $93 million (up 91% YoY). The company repurchased 1.9 million shares for $29 million.
For full-year 2024, AM achieved Net Income of $401 million ($0.83 per share, up 8% YoY), Adjusted EBITDA of $1.05 billion (up 6% YoY), and reduced leverage to below 3.0x.
2025 guidance projects Net Income of $445-485 million, Adjusted EBITDA of $1.08-1.12 billion (5% increase at midpoint), capital expenditures of $170-200 million, and Free Cash Flow after dividends of $250-300 million, assuming a $0.90 per share annual dividend.
Antero Resources (NYSE: AR) announced its Q4 2024 results and 2025 guidance. Q4 highlights include net production of 3.4 Bcfe/d, with natural gas production down 7% and liquids production up 14% year-over-year. The company achieved net income of $150 million and Free Cash Flow of $159 million.
For full-year 2024, net production averaged 3.4 Bcfe/d (+1% YoY), with natural gas down 3% and liquids up 8%. Drilling and completion capital was $620 million, down 32% from 2023. Year-end proved reserves were 17.9 Tcfe.
2025 guidance includes production targets of 3.35-3.45 Bcfe/d, expected natural gas price premium of $0.10-$0.20/Mcf to NYMEX, and drilling/completion capital budget of $650-700 million. The company's firm transportation portfolio delivers 75% of natural gas to the LNG corridor along the Gulf Coast.
Antero Midstream (NYSE: AM) has declared a quarterly cash dividend of $0.225 per share for Q4 2024, payable on February 12, 2025, to stockholders of record as of January 29, 2025. This represents an annualized dividend of $0.90 per share and marks the company's 41st consecutive quarterly dividend since its IPO in November 2014.
During Q4 2024, the company repurchased approximately 1.9 million shares for $28.7 million, with approximately $471 million remaining under its $500 million share repurchase program as of December 31, 2024. The company will release its Q4 2024 earnings on February 12, 2025, after market close, followed by a conference call on February 13, 2025.
Antero Resources (NYSE: AR) has scheduled its fourth quarter 2024 earnings release for Wednesday, February 12, 2025, after the NYSE trading closes. The company will host a conference call on Thursday, February 13, 2025, at 9:00 am MT, featuring a Q&A session with security analysts.
Participants can join the call at 877-407-9079 (U.S.) or 201-493-6746 (International). A replay will be available until February 20, 2025, at 877-660-6853 (U.S.) or 201-612-7415 (International) using conference ID 13750392. The webcast and presentation will be accessible on www.anteroresources.com and archived until February 20, 2025.
Antero Resources operates as an independent natural gas and natural gas liquids company, focusing on unconventional properties in the Appalachian Basin across West Virginia and Ohio, working alongside its affiliate Antero Midstream (NYSE: AM).
Antero Midstream (NYSE: AM) reported Q3 2024 financial results with Net Income of $100 million ($0.21 per diluted share), a 5% increase per share year-over-year. Adjusted EBITDA reached $256 million, up 2% from the prior year quarter. The company generated Free Cash Flow after dividends of $40 million, a 32% increase year-over-year. Key operational metrics showed mixed performance with high pressure gathering volumes up 4%, while fresh water delivery volumes decreased 33%. The company maintained a leverage ratio of 3.1x and announced the appointment of Jeffrey Muñoz to its Board of Directors.
Antero Resources reported Q3 2024 financial results with net production averaging 3.4 Bcfe/d, a 2% decrease year-over-year. The company posted a net loss of $20 million and Adjusted Net Loss of $37 million. Natural gas production decreased 4% to 2.2 Bcf/d, while liquids production increased 2% to 206 MBbl/d. The company achieved record operational efficiency with 12.1 completion stages per day and reduced its 2024 drilling and completion capital budget to $640-660 million due to efficiency gains and deferred completions. Antero realized premium pricing with a $0.98 per Mcfe premium to NYMEX and record C3+ NGL price premium of $2.29 per barrel.
Antero Resources (NYSE: AR) has announced its plans to release its third quarter 2024 earnings on Wednesday, October 30, 2024 after the close of trading on the New York Stock Exchange. The company will host a conference call on Thursday, October 31, 2024 at 9:00 am MT to discuss financial and operational results, followed by a brief Q&A session for security analysts.
To participate in the call, dial 877-407-9079 (U.S.) or 201-493-6746 (International) and reference "Antero Resources." A telephone replay will be available until November 7, 2024. The earnings conference call presentation and live webcast can be accessed on Antero's website, with the webcast archived for replay until November 7, 2024.
Antero Resources is an independent natural gas and natural gas liquids company operating in the Appalachian Basin, integrated with its affiliate Antero Midstream (NYSE: AM).
Antero Midstream (NYSE: AM) has announced its third quarter 2024 return of capital and earnings release details. The company's Board of Directors declared a cash dividend of $0.225 per share for Q3 2024, payable on November 6, 2024, to stockholders of record as of October 23, 2024. This represents an annualized dividend of $0.90 per share and marks the 40th consecutive quarterly dividend since the company's IPO in November 2014.
Antero Midstream will release its Q3 2024 earnings on Wednesday, October 30, 2024, after the NYSE closing. A conference call is scheduled for Thursday, October 31, 2024, at 10:00 am MT to discuss the results, followed by a brief Q&A session for analysts. The company did not repurchase any common shares during Q3 2024.
Antero Midstream (NYSE: AM) reported its second quarter 2024 financial and operating results. Key highlights include:
- Net Income was $86 million, or $0.18 per diluted share, consistent with the prior year quarter.
- Adjusted Net Income rose to $110 million, or $0.23 per diluted share, marking a 5% increase.
- Adjusted EBITDA was $255 million, up 5% from Q2 2023.
- Capital expenditures totaled $51 million.
- Free Cash Flow after dividends increased by 41% to $43 million.
- A strategic acquisition of Marcellus gathering and compression assets was completed for $70 million.
- Maintained leverage at 3.1x and received a credit rating upgrade to BB+ from S&P Global Ratings.
- Extended credit facility maturity to 2029, maintaining commitments of $1.25 billion.
Operational metrics showed mixed results with a 1% decrease in low pressure gathering volumes and a 23% drop in fresh water delivery volumes, while high pressure gathering volumes increased by 2%.
Antero Resources (NYSE: AR) reported its Q2 2024 results, highlighting a mixed performance.
Net production averaged 3.4 Bcfe/d, up 1% YoY. Natural gas production declined 4% to 2.1 Bcf/d, while liquids production rose 10% to 212 MBbl/d, now 37% of total production.
Realized natural gas equivalent price was $2.98 per Mcfe, a $1.09 premium to NYMEX. Reported a net loss of $66 million, with an adjusted net loss of $60 million (Non-GAAP). Adjusted EBITDAX was $151 million, and net cash from operations was $143 million.
Operational highlights include a record 11.9 completion stages per day and the second-highest production rate per well. Investment grade rating was achieved post upgrade from S&P.
Guidance for full-year 2024 was increased, with production expected between 3.375 to 3.425 Bcfe/d, driven by higher liquids volumes. C3+ NGL realized price guidance was raised, potentially boosting annual free cash flow by $60 million.
Despite financial losses, operational efficiency and strategic moves in NGL pricing remain strong points for Antero.
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