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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.
Antero Midstream
Antero Midstream
Antero Midstream Revenue by Segment
Revenue by Segment
Gathering and Processing Revenue
CapyFin.comWater Handling Revenue
CapyFin.comAmortization of Customer Relationships Revenue
CapyFin.com 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.