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Jun 30, 2024

Antero Midstream Q2 2024 Earnings Report

Antero Midstream announced second quarter 2024 financial and operating results.

Key Takeaways

Antero Midstream reported Q2 2024 revenues of $270 million and net income of $86 million, or $0.18 per diluted share. The company closed on a strategic bolt-on acquisition and increased Free Cash Flow after dividends by 41% year-over-year. They also improved their balance sheet by refinancing senior notes and extending the credit facility to 2029.

Revenues were $270 million.

Net Income was $86 million, or $0.18 per diluted share.

Adjusted EBITDA was $255 million, a 5% increase compared to the prior year quarter.

Free Cash Flow after dividends was $43 million, a 41% increase compared to the prior year quarter.

Total Revenue
$287M
Previous year: $258M
+11.3%
EPS
$0.23
Previous year: $0.22
+4.5%
Adjusted EBITDA
$255M
Previous year: $243M
+4.9%
Capital Expenditures
$51M
Previous year: $49M
+4.1%
Gross Profit
$176M
Previous year: $170M
+3.1%
Cash and Equivalents
$0
Free Cash Flow
$172M
Total Assets
$5.77B
Previous year: $5.75B
+0.4%

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