Antero Midstream Announces First Quarter 2023 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 2023, equating to an annualized rate of $0.90. This marks the 34th consecutive quarterly dividend since its IPO in November 2014. The dividend is payable on May 10, 2023, to stockholders on record as of April 26, 2023. Antero Midstream also announced plans to release its Q1 2023 earnings on April 26, 2023, after market close, with a conference call scheduled for April 27, 2023, at 10:00 am MT. The company has $150 million remaining under its $300 million share repurchase program.

Positive

• Declared a cash dividend of $0.225 per share for Q1 2023.
• Represents the 34th consecutive quarterly dividend paid.
• Plans to release earnings on April 26, 2023.

Negative

• None.

DENVER, April 12, 2023 /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 2023. In addition, Antero Midstream announced plans to issue their first quarter 2023 earnings on Wednesday, April 26, 2023 after the close of trading on the New York Stock Exchange.

First Quarter 2023 Return of Capital

The Board of Directors of Antero Midstream declared a cash dividend of $0.225 per share for the first quarter of 2023, or $0.90 per share on an annualized basis. The dividend will be payable on May 10, 2023 to stockholders of record as of April 26, 2023. This represents the 34^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 2023. Antero Midstream had approximately $150 million of remaining share repurchase capacity under its $300 million authorized share repurchase program as of March 31, 2023.

First Quarter 2023 Earnings Release Date and Conference Call

Antero Midstream plans to issue its first quarter 2023 earnings on Wednesday, April 26, 2023 after the close of trading on the New York Stock Exchange. A conference call is scheduled on Thursday, April 27, 2023 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.  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 4, 2023 at 10:00 am MT at 877-660-6853 (U.S.) or 201-612-7415 (International) using the conference ID: 13734448. 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 4, 2023 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 the Appalachian Basin, as well as integrated water assets that primarily service Antero Resources Corporation's properties.

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SOURCE Antero Midstream Corporation

FAQ

What is the dividend amount declared by Antero Midstream for Q1 2023?

Antero Midstream declared a cash dividend of $0.225 per share for Q1 2023.

When will Antero Midstream release its Q1 2023 earnings?

Antero Midstream plans to release its Q1 2023 earnings on April 26, 2023, after market close.

What is the annualized dividend rate for Antero Midstream in 2023?

The annualized dividend rate for Antero Midstream in 2023 is $0.90 per share.

When is the dividend payout date for Antero Midstream?

The dividend payout date for Antero Midstream is May 10, 2023.