Antero Midstream Announces Third 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 Q3 2020, maintaining the same rate as Q2 2020. This marks the 23rd consecutive quarterly dividend since its IPO in November 2014. The dividend is payable on November 12, 2020, to shareholders of record by October 29, 2020. Antero plans to release its Q3 2020 earnings on October 28, 2020, and hold a conference call on October 29, 2020.

Positive

• Declared a cash dividend of $0.3075 per share for Q3 2020.
• Maintained dividend rate steady from Q2 2020.
• Achieved 23rd consecutive quarterly dividend since IPO.

Negative

• No share repurchases conducted in Q3 2020.

DENVER, Oct. 14, 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 third quarter of 2020. In addition, Antero Midstream announced plans to issue their third quarter 2020 earnings on Wednesday, October 28, 2020 after the close of trading on the New York Stock Exchange.

Third Quarter 2020 Return of Capital

Antero Midstream's third quarter 2020 dividend is unchanged as compared to the second quarter of 2020. The dividend will be payable on November 12, 2020 to stockholders of record as of October 29, 2020.  This represents the 23^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 third quarter of 2020. Antero Midstream had approximately $150 million of remaining share repurchase capacity under its $300 million authorized share repurchase program as of September 30, 2020.

Third Quarter 2020 Earnings Release Date and Conference Call

Antero Midstream plans to issue its third quarter 2020 earnings on Wednesday, October 28, 2020 after the close of trading on the New York Stock Exchange. A conference call for Antero Midstream is scheduled on Thursday, October 29, 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, November 5, 2020 at 10:00 am MT at 877-660-6853 (U.S.) or 201-612-7415 (International) using the conference ID: 13703920. 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, November 5, 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. The Company's website is located at www.anteromidstream.com.

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SOURCE Antero Midstream

FAQ

What is the Antero Midstream dividend for Q3 2020?

Antero Midstream declared a dividend of $0.3075 per share for Q3 2020.

When will Antero Midstream announce its Q3 2020 earnings?

Antero Midstream will announce its Q3 2020 earnings on October 28, 2020.

When is the Antero Midstream dividend payment date?

The dividend will be payable on November 12, 2020.

How many consecutive quarterly dividends has Antero Midstream paid?

Antero Midstream has paid 23 consecutive quarterly dividends since its IPO.

What was Antero Midstream's share repurchase activity in Q3 2020?

Antero Midstream did not repurchase any common shares during Q3 2020.