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Mar 31, 2025
Antero Midstream Q1 2025 Earnings Report
Antero Midstream announced its first quarter 2025 financial and operating results.
Key Takeaways
Antero Midstream reported strong first quarter 2025 results with increased net income and adjusted EBITDA, driven by higher gathering and processing volumes and reduced interest expense. The company continued its focus on returning capital to shareholders through dividends and share repurchases.
Net Income increased by 19% per share to $121 million, or $0.25 per diluted share.
Adjusted EBITDA grew by 3% to $274 million.
Capital expenditures were $37 million, a 25% increase compared to the prior year quarter.
Free Cash Flow after dividends was $79 million, marking the eleventh consecutive quarter of generating Free Cash Flow after Dividends.
Revenue by Segment
Forward Guidance
The forward-looking statements discuss expectations regarding future operations, financial position, revenues, costs, and capital plans, emphasizing volume growth and return of capital.
Positive Outlook
- Anticipated further gathering volume growth throughout 2025.
- Torrey's Peak compressor station placed in service ahead of schedule, adding capacity.
- Relocation of underutilized compressor units resulting in estimated capital savings.
- Continued flexibility in the return of capital program due to a strong balance sheet.
- Market opportunities may enhance shareholder returns.
Challenges Ahead
- Subject to commodity price volatility.
- Potential impacts from inflation and supply chain disruptions.
- Uncertainty inherent in projecting future production rates and cash flows.
- Risks related to Antero Resources' drilling and completion operations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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