Antero Midstream Partners (AM) Tops Q3 EPS by 3c

Antero Midstream Partners (NYSE: AM) reported Q3 EPS of $0.44, $0.03 better than the analyst estimate of $0.41.

• Net income increased by 48% to $120 million compared to the prior year quarter, or $0.44 per limited partner unit
• Adjusted EBITDA increased by 46% to $186 million compared to the prior year quarter
• Distributable Cash Flow increased by 52% to $157 million compared to the prior year quarter, resulting in DCF coverage of 1.3x
• Increased distribution for the 15th consecutive quarter to $0.44 per unit, achieving 29% growth on an annualized basis
• Achieved record gathering, compression, processing and fractionation volumes
• Net Debt to trailing twelve months Adjusted EBITDA was 2.3x

For earnings history and earnings-related data on Antero Midstream Partners (AM) click here.

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