Antero Midstream (AM)

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Antero Midstream Announces Fourth Quarter 2024 Results and 2025 Guidance
Prnewswire· 2025-02-12 21:15
Core Viewpoint - Antero Midstream Corporation reported record financial and operational results for 2024, with significant growth in throughput, net income, adjusted EBITDA, and free cash flow, while also reducing debt and initiating a share repurchase program [2][4][6]. Fourth Quarter 2024 Highlights - Net income for Q4 2024 was $111 million, or $0.23 per diluted share, reflecting a 10% increase per share compared to the prior year [7][14]. - Adjusted net income was $124 million, or $0.26 per diluted share, an 8% increase per share year-over-year [7][14]. - Adjusted EBITDA reached $274 million, marking an 8% increase from the previous year [7][17]. - Free cash flow after dividends was $93 million, a substantial 91% increase compared to the prior year [7][17]. - Capital expenditures for Q4 2024 were $24 million, a 47% decrease from the prior year [7][17]. Full Year 2024 Highlights - Total net income for 2024 was $401 million, or $0.83 per diluted share, an 8% increase compared to the previous year [7][14]. - Adjusted EBITDA for the full year was $1.05 billion, a 6% increase year-over-year [7][14]. - Free cash flow after dividends for 2024 was $250 million, a 61% increase compared to the previous year [7][14]. - The company reduced its absolute debt by nearly $100 million, achieving a leverage ratio below 3.0x [2][4]. 2025 Guidance Highlights - Antero Midstream forecasts net income between $445 million and $485 million for 2025, with adjusted net income projected between $500 million and $540 million [4][6]. - Adjusted EBITDA is expected to be between $1.08 billion and $1.12 billion, representing a 5% increase at the midpoint compared to 2024 [4][6]. - The company anticipates free cash flow before dividends of $690 million to $730 million, and free cash flow after dividends of $250 million to $300 million, indicating a 10% increase at the midpoint compared to 2024 [6][7]. - Capital expenditures are projected to be between $170 million and $200 million, with significant investments in gathering and compression infrastructure as well as water infrastructure [5][6]. Share Repurchases - In Q4 2024, Antero Midstream repurchased 1.9 million shares for $29 million, with approximately $471 million remaining under its $500 million authorized share repurchase program as of December 31, 2024 [3][4]. Operational Update - During Q4 2024, the company connected 5 wells to its gathering system and serviced 16 wells with its fresh water delivery system [21]. - Low pressure gathering volumes averaged 3,276 MMcf/d, a 3% decrease year-over-year, while fresh water delivery volumes increased by 21% to an average of 114 MBbl/d [8][11].
What Analyst Projections for Key Metrics Reveal About Antero Midstream (AM) Q4 Earnings
ZACKS· 2025-02-11 15:20
Analysts on Wall Street project that Antero Midstream Corporation (AM) will announce quarterly earnings of $0.23 per share in its forthcoming report, representing a decline of 4.2% year over year. Revenues are projected to reach $269.66 million, increasing 3.7% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 1.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections dur ...
The Zacks Analyst Blog Permian Resources, Antero Midstream, TC Energy and Antero Resources
ZACKS· 2025-02-07 07:26
For Immediate Releases Chicago, IL – February 7, 2025 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include, Permian Resources Corp. (PR) , Antero Midstream Corp. (AM) , TC Energy Corp. (TRP) and Antero Resources Corp. (AR) .Here are highlights from Friday’s Analyst Blog:3 Energy Stocks Positioned to Surpass Earnings Estima ...
3 Energy Stocks Positioned to Surpass Earnings Estimates in Q4
ZACKS· 2025-02-06 16:50
As the fourth-quarter earnings season has commenced, major oil companies are yet to report their results. Given the stronger pricing environment, most energy players, including Permian Resources Corporation (PR) , are expected to deliver better-than-anticipated results. Midstream stocks such as Antero Midstream Corporation (AM) and TC Energy Corporation (TRP) are also drawing attention. By emphasizing high-return investments and enhancing production efficiency, oil and gas companies have positioned themselv ...
Dassault Aviation: Total number of shares and voting rights - 31 01 25
Globenewswire· 2025-02-06 13:53
DASSAULT AVIATION French corporation (société anonyme) with a share capital of 62,876,448.80 euros Headquarters: 9, Rond-Point des Champs-Élysées - Marcel Dassault 75008 PARIS 712 042 456 RCS Paris Information concerning the total number of voting rights and shares as per article L. 233-8 II of the French Commercial Code (Code de commerce) and article 223-16 of the General Regulations (Règlement Général) of the French Market Authority (Autorité des Marchés Financiers) DateTotal number of shares Total number ...
Thank You, Mr. Market: 2 Dividend Gems To Buy After The DeepSeek Sell-Off
Seeking Alpha· 2025-01-29 12:30
Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .What we're looking at below is an overview of the biggest single-day market cap losses. We notice a few things:Analyst’s Disclosure: I/we have a beneficial long position in the shares of AM, LB either through stock ownership, options, or other derivatives. I wrote this article m ...
Antero Midstream: Potential For Some Volume Growth
Seeking Alpha· 2025-01-28 20:35
We are currently offering a free two-week trial to Distressed Value Investing . Join our community to receive exclusive research about various energy companies and other opportunities along with full access to my portfolio of historic research that now includes over 1,000 reports on over 100 companies.Antero Midstream (NYSE: AM ) gets its revenue from fixed-fee contracts, so it doesn't have direct exposure to commodity prices. That being said, if Antero Resources ( AR ) decides to grow production in a favor ...
Trillion-Dollar Shakeup: 3 Dividend Gems I Love In This Market
Seeking Alpha· 2025-01-14 12:30
Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .One of the effects of inflation is that the numbers we're working with are getting bigger on a very consistent basis.Analyst’s Disclosure: I/we have a beneficial long position in the shares of AM, LHX, CME either through stock ownership, options, or other derivatives. I wrote th ...
Antero Midstream Announces Fourth Quarter 2024 Return of Capital and Earnings Release Date and Conference Call
Prnewswire· 2025-01-14 12:00
DENVER, Jan. 14, 2025 /PRNewswire/ -- Antero Midstream Corporation (NYSE: AM) ("Antero Midstream" or the "Company") today announced that the Board of Directors of Antero Midstream declared a cash dividend of $0.225 per share for the fourth quarter of 2024. The Company also repurchased approximately 1.9 million shares during the fourth quarter. In addition, Antero Midstream announced plans to issue its fourth quarter 2024 earnings on Wednesday, February 12, 2025 after the close of trading on the New York Sto ...
Dassault Aviation: Deliveries, order intakes and backlog in number of new aircraft as of December 31, 2024
Globenewswire· 2025-01-07 16:52
Deliveries - 21 Rafale aircraft were delivered in 2024, exceeding the guidance of 20, compared to 13 Rafale delivered in 2023 [1] - 31 Falcon aircraft were delivered in 2024, below the guidance of 35, compared to 26 Falcon delivered in 2023 [1] Order Intakes - 30 Export Rafale aircraft were ordered in 2024, a decrease from 60 Rafale (42 France, 18 Export) ordered in 2023 [2] - 26 Falcon aircraft were ordered in 2024, an increase from 23 Falcon ordered in 2023 [2] Backlog - The backlog as of December 31, 2024, includes 220 Rafale (164 Export, 56 France), up from 211 Rafale as of December 31, 2023 [6] - The backlog as of December 31, 2024, includes 79 Falcon, down from 84 Falcon as of December 31, 2023 [6] Company Overview - Dassault Aviation has delivered over 10,000 military and civil aircraft, including 2,700 Falcons, to more than 90 countries [4] - The company reported revenues of €4.8 billion in 2023 and employs 13,500 people [4] - Dassault Aviation specializes in the design, production, sale, and support of aircraft, including the Rafale fighter, Falcon business jets, military drones, and space systems [4] Financial Release - Dassault Aviation will publish its full annual results, including revenue, order intakes, and backlog amounts in euros, on March 5, 2025 [3]