Antero Midstream Corp ( (AM) ) has released its Q4 earnings. Here is a breakdown of the information Antero Midstream Corp presented to its investors.
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Antero Midstream Corporation is a midstream energy company based in Denver, Colorado, specializing in the ownership, operation, and development of gathering, compression, processing, and fractionation assets in the Appalachian Basin, with a focus on servicing Antero Resources Corporation’s property needs.
In its latest earnings report, Antero Midstream announced strong financial performance for the fourth quarter of 2024, highlighted by a 10% per share increase in net income and significant improvements in various financial metrics compared to the previous year. The company also provided optimistic guidance for 2025, projecting continued growth in earnings and cash flow.
Key financial highlights from the fourth quarter of 2024 include a net income of $111 million, adjusted EBITDA of $274 million, and free cash flow after dividends of $93 million, marking a remarkable 91% increase from the previous year. The company notably decreased its capital expenditures by 47% and successfully repurchased 1.9 million shares for $29 million. For the full year 2024, Antero Midstream achieved a net income of $401 million and adjusted EBITDA of $1.05 billion, underscoring its financial stability and operational efficiency.
Looking ahead to 2025, Antero Midstream anticipates net income in the range of $445 to $485 million and adjusted EBITDA of $1.08 to $1.12 billion. The company expects to continue its capital investments in infrastructure and water systems, with a projected capital expenditure of up to $200 million. Free cash flow after dividends is forecasted to increase by 10% compared to 2024, further bolstering its financial position and shareholder value.
With a focus on reducing debt and enhancing shareholder returns, Antero Midstream is well-positioned for another year of growth and value creation. The management remains confident in the company’s ability to execute its strategic initiatives and capitalize on opportunities in the midstream sector, driven by robust throughput and disciplined financial management.
