Antero Midstream Corp

NYSE:AMUnited States

Oct 30, 2024

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• -- Earnings Flash (AM) ANTERO RESOURCES CORPORATION Posts Q3 Revenue $1.13B, from 4:34PM ET on Wednesday Oct 30, 2024 by MT Newswires

  4:34PM ET on Wednesday Oct 30, 2024 by MT Newswires
  Companies Mentioned: AM
  04:34 PM EDT, 10/30/2024 (MT Newswires) -- ...

• Antero Resources Announces Third Quarter 2024 Financial and Operating Results, from 4:15PM ET on Wednesday Oct 30, 2024 by PR Newswire

  4:15PM ET on Wednesday Oct 30, 2024 by PR Newswire
  Companies Mentioned: AM, AR

  Antero Resources Corporation (NYSE: AR)("Antero Resources," "Antero," or the "Company") today announced its third quarter 2024 financial and operating results. The relevant unaudited condensed consolidated financial statements are included in Antero Resources' Quarterly Report on Form 10-Q for the quarter ended September 30, 2024.

• Antero Midstream Announces Third Quarter 2024 Results and New Appointment to the Board of Directors, from 4:15PM ET on Wednesday Oct 30, 2024 by PR Newswire

  4:15PM ET on Wednesday Oct 30, 2024 by PR Newswire
  Companies Mentioned: AM, AR

  Antero Midstream Corporation (NYSE: AM)("Antero Midstream" or the "Company") today announced its third quarter 2024 financial and operating results. The relevant unaudited condensed consolidated financial statements are included in Antero Midstream's Quarterly Report on Form 10-Q for the three months ended September 30, 2024. Additionally, the Company announced that Jeffrey Muñoz has been appointed to its Board of Directors (the "Board"), effective October 29, 2024.

• Antero Midstream Announces Third Quarter 2024 Results and New Appointment to the Board of Directors, from 4:15PM ET on Wednesday Oct 30, 2024 by Dow Jones

  4:15PM ET on Wednesday Oct 30, 2024 by Dow Jones
  Companies Mentioned: AM, AR
  relationships 53,004 53,004 Amortization of deferred financing costs 4,463 4,721 Settlement of asset retirement obligations (869) (513) Loss on settlement of asset retirement obligations 620 -- Loss on asset sale 6,036 906 Loss on early extinguishment of debt -- 14,091 Changes in assets and liabilities: Accounts receivable--Antero Resources (6,867) (9,427) Accounts receivable--third party 436 883 Other current assets (1,307) 63 Accounts payable--Antero Resources (1,766) 1,143 Accounts payable--third party 1,214 (1,100) Accrued liabilities 5,460 (3,961) ------------- ---------------- Net cash provided by operating activities 570,742 611,303 ------------- ---------------- Cash flows provided by (used in) investing activities: Additions to gathering systems, facilities and other (90,175) (110,514) Additions to water handling systems (39,850) (23,493) Investments in unconsolidated affiliates (262) (893) Acquisition of gathering systems and facilities (266) (69,992) Cash received in asset sales 1,071 1,158 Change in other assets (26) (1) Change in other liabilities -- 659 ------------- ---------------- Net cash used in investing activities (129,508) (203,076) ------------- ---------------- Cash flows provided by (used in) financing activities: Dividends to common stockholders (326,871) (329,252) Dividends to preferred stockholders (413) (413) Issuance of Senior Notes -- 600,000 Redemption of Senior Notes -- (560,862) Payments of deferred financing costs -- (12,738) Borrowings on Credit Facility 759,300 1,299,500 Repayments on Credit Facility (864,900) (1,389,700) Employee tax withholding for settlement of equity-based compensation awards (8,350) (14,828) ------------- ---------------- Net cash used in financing activities (441,234) (408,293) ------------- ---------------- Net decrease in cash and cash equivalents -- (66) Cash and cash equivalents, beginning of period -- 66 ------------- ---------------- Cash and cash equivalents, end of period $ -- -- ============= ================ Supplemental disclosure of cash flow information: Cash paid during the period for interest $ 159,019 160,700 Cash received during the period for income taxes $ -- 104 Increase in accrued capital expenditures and accounts payable for property and equipment $ 9,171 2,413
  

• Antero Resources Announces Third Quarter 2024 Financial and Operating Results, from 4:15PM ET on Wednesday Oct 30, 2024 by Dow Jones

  4:15PM ET on Wednesday Oct 30, 2024 by Dow Jones
  Companies Mentioned: AM, AR
  --------- --------- ---------- Total operating expenses 1,070,444 1,061,823 (8,621) (1)% --------- --------- ---------- Operating income (loss) 55,732 (5,903) (61,635) * --------- --------- ---------- Other earnings (expenses): Interest expense, net (31,634) (28,278) 3,356 (11)% Equity in earnings of unconsolidated affiliate 22,207 25,634 3,427 15% Loss on early extinguishment of debt -- (528) (528) * --------- --------- ---------- Total other expense (9,427) (3,172) 6,255 (66)% --------- --------- ---------- Income (loss) before income taxes 46,305 (9,075) (55,380) * Income tax expense (13,663) (1,212) 12,451 (91)% --------- --------- ---------- Net income (loss) and comprehensive income (loss) including noncontrolling interests 32,642 (10,287) (42,929) * Less: net income and comprehensive income attributable to noncontrolling interests 14,834 10,157 (4,677) (32)% --------- --------- ---------- Net income (loss) and comprehensive income (loss) attributable to Antero Resources Corporation $ 17,808 (20,444) (38,252) * ========= ========= ========== Adjusted EBITDAX $ 271,203 186,900 (84,303) (31)% ========= ========= ========== * Not meaningful