Antero Midstream Reports Significant Dividend for Q3 2024
Antero Midstream Corporation (NYSE: AM) announced an impressive cash dividend of $0.225 per share for the third quarter of 2024. This announcement comes directly from the Board of Directors and represents a solid return for shareholders. The declared dividend underscores the company’s commitment to returning value to its investors amidst a vibrant operational framework.
Details on Dividend Distribution
The upcoming dividend translates to $0.90 per share on an annualized basis, reflecting Antero Midstream's strong financial footing following recent operational achievements. Stockholders of record by October 23, 2024, will benefit from this dividend which is scheduled for distribution on November 6, 2024. This marks the 40th consecutive quarterly dividend granted since the organization’s initial public offering in November 2014, illustrating the firm’s stability and reliability in providing shareholder returns.
Anticipated Earnings Release and Conference Call
Antero Midstream also revealed its plans to announce the third quarter 2024 financial results on the evening of October 30, 2024, post market closure. To discuss these results, a conference call will be held the following day, October 31, at 10:00 AM MT. Participants can join the call by dialing 877-407-9126 for U.S. callers or 201-493-6751 for international participants, referencing the company name, Antero Midstream. The firm encourages analysts and investors to engage in this session, followed by a Q&A segment to foster deeper insights into the earnings reports.
Replay and Webcast Options
The conference call will also be available for replay after the initial presentation, ensuring interested stakeholders have access to the information until November 7, 2024. For those wishing to follow along visually, Antero Midstream will provide a live webcast of the earnings call accessible via the company’s website. This flexibility allows participants to choose their preferred method of staying informed about the company’s performance and future operational strategies.
About Antero Midstream
Headquartered in Delaware, Antero Midstream Corporation specializes in owning and managing midstream gathering, compression, processing, and fractionation assets primarily located in the Appalachian Basin. The company is dedicated to developing integrated water assets that predominantly service the operations of Antero Resources Corporation. This strategic positioning reinforces Antero Midstream’s critical role in the energy infrastructure sector, fostering sustained growth and value generation.
Frequently Asked Questions
What is the declared dividend for Q3 2024?
The declared dividend for the third quarter of 2024 is $0.225 per share.
When can investors expect the dividend payment?
The dividend will be payable on November 6, 2024, to stockholders of record as of October 23, 2024.
What are the earnings release details for Antero Midstream?
Antero Midstream plans to issue its third quarter 2024 earnings on October 30, 2024, after the market closes.
How can participants join the earnings call?
Participants can join the earnings call by dialing 877-407-9126 for U.S. calls or 201-493-6751 internationally.
What is Antero Midstream's primary area of operation?
Antero Midstream primarily operates in the Appalachian Basin, focusing on midstream gathering and processing assets.