Antero Midstream Corp (N:AM)

Business Focus: Oil Related Services and Equipment

Sector:  Energy Industry:  Oil Related Services and Equipment
See Regulatory Filings on SEC
Company Contact
Address: 1615 Wynkoop St
DENVER CO 80202-1106
Tel: N/A
IR: See website
Key People
Paul M. Rady
Chairman of the Board, Chief Executive Officer
Glen C. Warren
President, Secretary, Director
Michael N. Kennedy
Chief Financial Officer
Alvyn A. Schopp
Chief Administrative Officer and Senior Regional Vice President
W. Patrick Ash
Senior Vice President - Reserves, Planning & Midstream
Business Overview
Antero Midstream Corp, formerly Antero Midstream GP LP, owns, operates and develops midstream energy infrastructure. The Company's segments include gathering and processing and water handling and treatment. The gathering and processing segment consist of long-term, fee-based activities including low-pressure gathering, compression, high-pressure gathering, processing, fractionation, and condensate gathering. The Company's water handling and treatment segment consists of long-term fee based activities including fresh water delivery used in completion activity, and water handling services. The Company's assets are located both in the southwestern core of the Marcellus Shale in northwest West Virginia and in the core of the Utica Shale in southern Ohio.
Financial Overview
For the six months ended 30 June 2020, Antero Midstream Corp revenues increased 50% to $463.4M. Net loss applicable to common stockholders totaled $304.8M vs. income of $78.8M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net loss reflects Gathering and processing segment income decrease of 18% to $128.6M. Dividend per share increased from $0.61 to $0.62.
Reporting Currency: U.S. Dollars
Enterprise value: $5,636M as of Jun 30, 2020
Annual revenue (TTM): $946.31M as of Jun 30, 2020
EBITDA (TTM): $703.44M as of Jun 30, 2020
Net annual income (TTM): -$739.08M as of Jun 30, 2020
Free cash flow (TTM): -$249.32M as of Jun 30, 2020
Net Debt Last Fiscal Year: $3,086M as of Jun 30, 2020
Shares outstanding: 476,597,058 as of Jul 24, 2020
Index Membership: S&P 400 Mid Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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