Antero Midstream's Q4 2024 Dividend and Earnings Outlook Revealed
Antero Midstream Announces Fourth Quarter 2024 Dividend
Antero Midstream Corporation (NYSE: AM) recently revealed the declaration of a cash dividend of $0.225 per share for the fourth quarter of 2024. This not only underscores the company's commitment to returning capital to its shareholders but also highlights its robust financial health. Since its inception, Antero has maintained a consistent approach to rewarding its investors, and this announcement marks the 41st consecutive quarterly dividend payment.
Capital Return Strategy and Share Repurchase Program
This quarter, Antero Midstream also executed an impressive share repurchase initiative, wherein about 1.9 million shares were repurchased at a total expenditure of approximately $28.7 million. This proactive measure reflects Antero's strategic plan to enhance shareholder value while managing its earnings. As of now, Antero Midstream retains around $471 million in capacity for further share repurchase under its authorized $500 million program. Such maneuvers convey a strong message to the market about the company’s confidence in its financial position.
Upcoming Earnings Release and Conference Call
Looking ahead to its fourth quarter earnings announcement, Antero Midstream plans to release its financial results on February 12, 2025, after the market close. Following this, a conference call is slated for February 13, 2025, at 10:00 am MT. This interactive session will give security analysts insights into the company's financial and operational achievements during the quarter. For those interested in participating, dial-in details are made available for both domestic and international callers, ensuring that all stakeholders have an opportunity to engage.
Company Background and Operational Overview
Antero Midstream Corporation, incorporated in Delaware, excels in owning, operating, and developing a range of midstream infrastructure including gathering, compression, processing, and fractionation assets, primarily situated in the Appalachian Basin. In addition, the company also manages a comprehensive suite of integrated water assets aimed at servicing properties owned by Antero Resources Corporation. This alignment ensures that Antero Midstream can provide efficient and reliable service, contributing to the overall success of its operational strategy.
Frequently Asked Questions
What is the declared dividend amount for Q4 2024?
Antero Midstream has declared a cash dividend of $0.225 per share for the fourth quarter of 2024.
When is the earnings release date?
The earnings release date for the fourth quarter of 2024 is scheduled for February 12, 2025.
How many shares did Antero repurchase this quarter?
Antero Midstream repurchased approximately 1.9 million shares during the fourth quarter of 2024.
What is the capacity for share repurchases?
The company currently has about $471 million remaining in its share repurchase capacity under the $500 million authorized program.
What services does Antero Midstream provide?
Antero Midstream focuses on owning and operating midstream assets related to gathering, compression, processing, and fractionation, as well as integrated water services supporting Antero Resources Corporation.
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