Antero Midstream Q2 2021 Earnings Report
Key Takeaways
Antero Midstream reported a strong second quarter with year-over-year growth in volumetric throughput and Free Cash Flow. The company's focus on operating expense and capital efficiencies, along with high asset utilization rates, contributed to the positive results. Adjusted Net Income per share was $0.23, a 10% increase compared to the prior year quarter. Free Cash Flow after dividends was $3 million compared to a deficit of $40 million in the prior year quarter.
Low pressure gathering volumes increased by 1% year-over-year, averaging 2,897 MMcf/d.
Compression volumes increased by 1% year-over-year, averaging 2,744 MMcf/d.
Fresh water delivery volumes increased by 2% year-over-year, averaging 104 MBbl/d.
Adjusted EBITDA increased by 12% year-over-year to $225 million.
Antero Midstream
Antero Midstream
Antero Midstream Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income