Antero Midstream Announces Fourth Quarter 2022 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 Q4 2022, amounting to $0.90 annually. This dividend, the 33rd consecutive one since its IPO in November 2014, will be payable on February 8, 2023, to shareholders of record by January 25, 2023. The company also has $150 million remaining in its $300 million share repurchase program. Q4 2022 earnings will be released on February 15, 2023, with a conference call scheduled for February 16.

Positive

• Declared a dividend of $0.225 per share for Q4 2022
• 33rd consecutive quarterly dividend
• Remaining share repurchase capacity of $150 million under a $300 million program

Negative

• Did not repurchase any common shares during Q4 2022

DENVER, Jan. 11, 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 fourth quarter of 2022. In addition, Antero Midstream announced plans to issue their fourth quarter 2022 earnings on Wednesday, February 15, 2023 after the close of trading on the New York Stock Exchange.

Fourth Quarter 2022 Return of Capital

The Board of Directors of Antero Midstream declared a cash dividend of $0.225 per share for the fourth quarter of 2022, or $0.90 per share on an annualized basis. The dividend will be payable on February 8, 2023 to stockholders of record as of January 25, 2023. This represents the 33^rd 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 fourth quarter of 2022. Antero Midstream had approximately $150 million of remaining share repurchase capacity under its $300 million authorized share repurchase program as of December 31, 2022.

Fourth Quarter 2022 Earnings Release Date and Conference Call

Antero Midstream plans to issue its fourth quarter 2022 earnings on Wednesday, February 15, 2023 after the close of trading on the New York Stock Exchange. A conference call is scheduled on Thursday, February 16, 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, February 23, 2023 at 10:00 am MT at 877-660-6853 (U.S.) or 201-612-7415 (International) using the conference ID: 13734440. 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, February 23, 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 declared by Antero Midstream for Q4 2022?

Antero Midstream declared a dividend of $0.225 per share for Q4 2022.

When will Antero Midstream's Q4 2022 earnings be released?

The Q4 2022 earnings will be released on February 15, 2023.

What is the significance of the $0.225 dividend announced by Antero Midstream?

It represents the 33rd consecutive quarterly dividend since the company's IPO.

When will the dividend be payable to shareholders?

The dividend will be payable on February 8, 2023, to shareholders of record as of January 25, 2023.