Antero Midstream Q2 2023 Earnings Report
Key Takeaways
Antero Midstream announced strong second quarter 2023 financial and operational results, with a 10% year-over-year increase in Adjusted EBITDA and the fourth consecutive quarter of generating Free Cash Flow after dividends. The company's leverage ratio decreased to 3.5x, positioning it well to achieve its 2023 guidance and its leverage target of 3.0x or less in 2024.
Low pressure gathering volumes increased by 11% year-over-year.
Adjusted EBITDA increased by 10% year-over-year.
Free Cash Flow after dividends was $31 million, compared to a $2 million deficit in the prior year quarter.
Leverage ratio decreased to 3.5x at the end of the second quarter.
Antero Midstream
Antero Midstream
Antero Midstream Revenue by Segment
Forward Guidance
Antero Midstream is well-positioned to achieve its 2023 guidance and continue its progress towards its leverage target of 3.0x or less in 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income