Antero Midstream Corp (N:AM)
Business Focus: Oil & Gas Transportation Services
| Sector: Energy | Industry: Oil & Gas Transportation Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1615 Wynkoop St DENVER CO 80202-1106 |
| Tel: | 1-303-3577269 |
| Website: | https://www.anteromidstream.com |
| IR: | See website |
| Key People | ||
| Paul M. Rady Chairman of the Board, President, Chief Executive Officer | Brendan E. Krueger Chief Financial Officer, Senior Vice President - Finance, Treasurer | Michael N. Kennedy Senior Vice President - Finance, Director | Yvette K. Schultz Senior Vice President - Legal, Chief Compliance Officer, General Counsel, Company Secretary |
| Business Overview |
| Antero Midstream Corporation is a growth-oriented midstream company that owns, operates and develops midstream energy infrastructure that primarily service Antero Resources' production and completion activity. The Company's assets consist of gathering systems and compression facilities, water handling and blending facilities and interests in processing. The Company's segments include Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collect and process production from wells in West Virginia and Ohio. The Gathering and Processing segment also includes equity in earnings from the Company's investments in the Joint Venture and Stonewall. The Company's Water Handling segment includes two independent systems that deliver freshwater from sources, including the Ohio River, local reservoirs and several regional waterways. The Water Handling segment also includes the clearwater facility. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Antero Midstream Corp revenues increased 13% to $1.04B. Net income applicable to common stockholders increased 14% to $371.2M. Revenues reflect Gathering and processing segment increase of 1% to $712.7M. Net income benefited from Gathering and processing segment income increase of 12% to $574.3M, Water Handling segment income increase of 25% to $42.9M, Unallocated segment loss decrease of 5% to $5.4M. |
| Employees: | 604 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $9,843M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1,042M as of Dec 31, 2023 |
| EBITDA (TTM): | $825.57M as of Dec 31, 2023 |
| Net annual income (TTM): | $371.24M as of Dec 31, 2023 |
| Free cash flow (TTM): | $159.67M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $3,213M as of Dec 31, 2023 |
| Shares outstanding: | 479,738,000 as of Feb 9, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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