Antero Midstream Announces Second Quarter 2020 Return of Capital and Earnings Release Date and Conference Call

Rhea-AI Summary

Antero Midstream Corporation (NYSE: AM) declared a cash dividend of $0.3075 per share for Q2 2020, maintaining the same amount as Q1 2020. The dividend will be payable on August 12, 2020, to stockholders of record as of July 30, 2020. This marks the 22nd consecutive quarterly dividend since the company’s IPO in November 2014. Additionally, Antero Midstream repurchased approximately 3.2 million shares for about $8.9 million during the second quarter, with $150 million remaining under its $300 million share repurchase authorization.

Positive

• Dividend of $0.3075 per share maintained for Q2 2020.
• 22nd consecutive quarterly dividend since IPO.
• Share repurchases of approximately 3.2 million shares for $8.9 million.

Negative

• None.

DENVER, July 15, 2020 /PRNewswire/ -- Antero Midstream Corporation (NYSE: AM) ("Antero Midstream") today announced that the Board of Directors of Antero Midstream declared a cash dividend of $0.3075 per share for the second quarter of 2020. In addition, Antero Midstream announced plans to issue their second quarter 2020 earnings on Wednesday, July 29, 2020 after the close of trading on the New York Stock Exchange.

Second Quarter 2020 Return of Capital

Antero Midstream's second quarter 2020 dividend is unchanged as compared to the first quarter of 2020. The dividend will be payable on August 12, 2020 to stockholders of record as of July 30, 2020.  This represents the 22^nd consecutive quarterly dividend or distribution paid since Antero Midstream Partners LP's initial public offering in November 2014. In addition, during the second quarter of 2020, Antero Midstream repurchased approximately 3.2 million shares for approximately $8.9 million. Antero Midstream had approximately $150 million of remaining share repurchase capacity under its $300 million authorized share repurchase program as of June 30, 2020.

Second Quarter 2020 Earnings Release Date and Conference Call

Antero Midstream plans to issue its second quarter 2020 earnings on Wednesday, July 29, 2020 after the close of trading on the New York Stock Exchange. A conference call for Antero Midstream is scheduled on Thursday, July 30, 2020 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, August 6, 2020 at 10:00 am MT at 877-660-6853 (U.S.) or 201-612-7415 (International) using the conference ID: 13703839. 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, August 6, 2020 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. Antero Midstream's website is located at www.anteromidstream.com.

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SOURCE Antero Midstream

FAQ

What is Antero Midstream's dividend for Q2 2020?

Antero Midstream declared a dividend of $0.3075 per share for Q2 2020.

When will the Q2 2020 dividend be paid?

The dividend will be payable on August 12, 2020.

What is the record date for the Q2 2020 dividend?

The record date for the dividend is July 30, 2020.

How many shares did Antero Midstream repurchase in Q2 2020?

Antero Midstream repurchased approximately 3.2 million shares in Q2 2020.

What is the remaining share repurchase capacity for Antero Midstream?

As of June 30, 2020, Antero Midstream had approximately $150 million remaining under its $300 million share repurchase program.