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Antero Midstream Corp (AM)
:AM
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.23Last Year’s EPS
0.21Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: 4.48%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Positive
The earnings call highlights Antero Midstream's strong financial performance in 2024, including record EBITDA and free cash flow, alongside significant debt reduction and share repurchases. The company is optimistic about 2025, projecting further EBITDA growth and increased free cash flow. However, there are challenges, including the unresolved Veolia lawsuit and limited growth in water volumes. Overall, the sentiment is positive with a focus on financial growth and efficiency.Company Guidance
During the Antero Midstream Corporation Fourth Quarter 2024 Earnings Call, the company provided guidance on several key metrics for 2025. They reported an EBITDA of $1.05 billion for 2024 and forecast continued growth in 2025 driven by throughput increases, projecting mid-single-digit EBITDA growth. The 2025 capital budget is set between $170 million and $200 million, with $100 million allocated to organic capital and $15 million to Stonewall joint venture investments. Antero Midstream expects to generate $250 million to $300 million in free cash flow after dividends, marking a 10% increase year over year at the midpoint. The company plans to maintain a $0.90 per share dividend and focus on share repurchases and debt reduction using the remaining free cash flow.Record EBITDA and ROIC in 2024
Antero Midstream Corporation generated $1.05 billion in EBITDA in 2024, marking the tenth consecutive year of EBITDA growth. Additionally, the company achieved a record ROIC of 19%.
Significant Free Cash Flow Growth
The company reported $250 million in free cash flow after dividends for the full year 2024, a company record, representing a 91% year-over-year increase in free cash flow for the fourth quarter.
Debt Reduction and Share Repurchases
Antero Midstream reduced debt by over $50 million during the fourth quarter and achieved its leverage target. The company also commenced a share repurchase program, buying back nearly $30 million in shares.
Capital Budget and Efficiency Initiatives
For 2025, the company has budgeted $170 million to $200 million in capital expenditures, emphasizing efficiency with projects like the Torrey Speed compressor station, which saved approximately $25 million.
Positive 2025 Outlook
The company forecasts mid-single-digit EBITDA growth and expects to generate $250 million to $300 million in free cash flow after dividends in 2025, a 10% increase year-over-year at the midpoint.
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AM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 12, 2025 | $15.85 | $16.82 | +6.12% |
| Oct 30, 2024 | $14.79 | $14.16 | -4.26% |
| Jul 31, 2024 | $13.94 | $13.64 | -2.15% |
| Apr 24, 2024 | $13.41 | $13.61 | +1.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Antero Midstream Corp (AM) report earnings?
Antero Midstream Corp (AM) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Antero Midstream Corp (AM) earnings time?
Antero Midstream Corp (AM) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AM EPS forecast?
AM EPS forecast for the fiscal quarter 2025 (Q1) is 0.23.
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