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Sep 30, 2021
Antero Midstream Q3 2021 Earnings Report
Announced Q3 2021 financial and operational results.
Key Takeaways
Antero Midstream Corporation reported Q3 2021 revenues of $225 million and net income of $89 million, or $0.19 per share. Adjusted EBITDA was $219 million. Capital expenditures were $81 million and Free Cash Flow after dividends was a $13 million deficit.
Low pressure gathering volumes averaged 2,880 MMcf/d, a 6% decrease as compared to the prior year quarter.
Compression volumes averaged 2,734 MMcf/d, a 3% decrease as compared to the third quarter of 2020.
High pressure gathering volumes averaged 2,811 MMcf/d, a 7% decrease compared to the third quarter of 2020.
Gross processing volumes from the Joint Venture averaged 1,539 MMcf/d, a 4% increase compared to the prior year quarter.
Revenue by Segment
Forward Guidance
Antero Midstream extended its bank credit facility from 2022 to 2026 and elected to reduce its commitments from $2.13 billion to $1.25 billion.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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