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Mar 31, 2024
Antero Midstream Q1 2024 Earnings Report
Antero Midstream reported an exceptional quarter with double-digit Adjusted EBITDA growth and decline in capital expenditures, resulting in significant free cash flow generation and progress towards leverage target.
Key Takeaways
Antero Midstream announced strong first quarter 2024 results, featuring double-digit Adjusted EBITDA growth and a significant increase in Free Cash Flow after dividends. The company reduced its leverage and is on track to achieve its 3.0x leverage target in 2024.
Adjusted EBITDA increased by 10% year-over-year.
Capital expenditures decreased by 11% year-over-year.
Free Cash Flow after dividends increased by 62% year-over-year to $74 million.
Leverage reduced from 3.3x at year-end to 3.1x at the end of the quarter.
Forward Guidance
Antero Midstream expects to achieve its 3.0x Leverage target in 2024, positioning the company well to pursue further return of capital to shareholders.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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