Antero Midstream Q2 2020 Earnings Report
Key Takeaways
Antero Midstream reported a strong quarter with increased gathering and compression volumes. The company reduced its capital budget and increased its Free Cash Flow guidance. Net income was $88 million, or $0.19 per share, a 36% increase compared to the prior year quarter. Adjusted EBITDA was $201 million, a 2% decline compared to the prior year quarter.
Net income was $88 million, or $0.19 per share, a 36% increase compared to the prior year quarter
Adjusted Net Income was $106 million, or $0.22 per share, a 36% increase compared to the prior year quarter
Adjusted EBITDA was $201 million, a 2% decline compared to the prior year quarter
Capital expenditures were $59 million, a 63% decrease compared to the prior year quarter
Antero Midstream
Antero Midstream
Antero Midstream Revenue by Segment
Forward Guidance
Antero Midstream announced a reduction in its 2020 capital budget to a range of $200 to $215 million and is increasing Free Cash Flow guidance to $445 to $475 million.