Antero Midstream Partners (AM) Misses Q4 EPS by 1c
Antero Midstream Partners (NYSE: AM) reported Q4 EPS of $0.34, $0.01 worse than the analyst estimate of $0.35.
- GAAP net income decreased by 13% to $64 million, or $0.22 per limited partner unit compared to the prior year quarter
- Adjusted net income increased by 19% to $88 million, or $0.34 per limited partner unit compared to the prior year quarter
- Adjusted EBITDA increased by 13% to $142 million compared to the prior year quarter
- Distributable Cash Flow ("DCF") increased by 14% to $117 million resulting in DCF coverage of 1.3x
- Distributions were $0.365/unit, a 30% increase compared to the prior year quarter and the Partnership's twelfth consecutive distribution increase since the November 2014 IPO
- Antero Midstream's corporate debt ratings have improved to Ba2/BB+/BBB- (Moody's/S&P/Fitch)
For earnings history and earnings-related data on Antero Midstream Partners (AM) click here.
