Antero Midstream Announces First Quarter 2021 Return of Capital and Earnings Release Date and Conference Call

Rhea-AI Summary

Antero Midstream Corporation (NYSE: AM) declared a cash dividend of $0.225 per share for Q1 2021, amounting to $0.90 annually. This marks the 26th consecutive quarterly dividend since its IPO in November 2014. The dividend is payable on May 12, 2021, to stockholders of record as of April 28, 2021. Additionally, the company plans to release its Q1 earnings on April 28, 2021, followed by a conference call on April 29, 2021, at 10:00 am MT.

Positive

• Declared a cash dividend of $0.225 per share for Q1 2021, indicating a stable return to shareholders.
• 26th consecutive quarterly dividend reflects consistent performance since the IPO.

Negative

• Did not repurchase any common shares in Q1 2021, indicating a potential lack of confidence in share buybacks.

DENVER, April 14, 2021 /PRNewswire/ -- Antero Midstream Corporation (NYSE: AM) ("Antero Midstream") today announced that the Board of Directors of Antero Midstream declared a cash dividend of $0.225 per share for the first quarter of 2021. In addition, Antero Midstream announced plans to issue their first quarter 2021 earnings on Wednesday, April 28, 2021 after the close of trading on the New York Stock Exchange.

First Quarter 2021 Return of Capital

The Board of Directors of Antero Midstream declared a cash dividend of $0.225 per share for the first quarter of 2021, or $0.90 per share on an annualized basis. The dividend will be payable on May 12, 2021 to stockholders of record as of April 28, 2021.  This represents the 26^th consecutive quarterly dividend or distribution paid since Antero Midstream Partners LP's initial public offering in November 2014. Antero Midstream did not repurchase any common shares during the first quarter of 2021. Antero Midstream had approximately $150 million of remaining share repurchase capacity under its $300 million authorized share repurchase program as of March 31, 2021.

First Quarter 2021 Earnings Release Date and Conference Call

Antero Midstream plans to issue its first quarter 2021 earnings on Wednesday, April 28, 2021 after the close of trading on the New York Stock Exchange. A conference call for Antero Midstream is scheduled on Thursday, April 29, 2021 at 10:00 am MT to discuss the financial and operational results.  A brief Q&A session for security analysts will immediately follow the discussion of the results for the quarter.  To participate in the call, dial in at 877-407-9126 (U.S.), or 201-493-6751 (International) and reference "Antero Midstream".  A telephone replay of the call will be available until Thursday, May 6, 2021 at 10:00 am MT at 877-660-6853 (U.S.) or 201-612-7415 (International) using the conference ID: 13718719. To access the live webcast and view the related earnings conference call presentation, visit Antero Midstream's website at www.anteromidstream.com.  The webcast will be archived for replay until Thursday, May 6, 2021 at 10:00 am MT.

Antero Midstream Corporation is a Delaware corporation that owns, operates and develops midstream gathering, compression, processing and fractionation assets located in West Virginia and Ohio, as well as integrated water assets that primarily service Antero Resources Corporation's properties. The Company's website is located at www.anteromidstream.com.

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SOURCE Antero Midstream Corporation

FAQ

What is the recent dividend declared by Antero Midstream?

Antero Midstream declared a cash dividend of $0.225 per share for Q1 2021.

When will Antero Midstream release its Q1 2021 earnings?

Antero Midstream plans to release its Q1 2021 earnings on April 28, 2021.

When is the Antero Midstream earnings conference call?

The earnings conference call is scheduled for April 29, 2021, at 10:00 am MT.

What is the annualized dividend amount for Antero Midstream?

The annualized dividend amount is $0.90 per share.