Antero Midstream Corporation (AM) Tops Q4 EPS by 4c, provides guidance

Antero Midstream Corporation (NYSE: AM) reported Q4 EPS of $0.24, $0.04 better than the analyst estimate of $0.20. Revenue for the quarter came in at $260.17 million versus the consensus estimate of $261.23 million.

2024 Guidance Highlights:

Net Income of $405 to $445 million, representing GAAP earnings of $0.84 to $0.93 per share
Adjusted EBITDA of $1,020 to $1,060 million, a 5% increase compared to 2023 at the midpoint (non-GAAP measure)
Capital budget of $150 to $170 million, a 14% decrease compared to 2023 at the midpoint
Free Cash Flow after dividends of $235 to $275 million assuming an annualized dividend of $0.90 per share, a 65% increase compared to 2023 at the midpoint (non-GAAP measures)
Authorized a $500 million share repurchase program

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

You May Also Be Interested In

• BTIG Downgrades UWM Holdings Corp. (UWMC) to Neutral
• Nutrien (NTR) PT Raised to $71 at Jefferies
• Evercore ISI Starts Charles Schwab Corp. (SCHW) at In Line