NYSE$AM

Antero Midstream Corp · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Antero Midstream announced financial and operational results for Q2 2022.

Antero Midstream reported revenues of $229 million and net income of $79 million, or $0.17 per share for the second quarter of 2022. The company successfully placed on line the Castle Peak compressor station and is focusing on debt and leverage reduction.

  • Low pressure gathering volumes averaged 2,970 MMcf/d, a 3% increase year-over-year.
  • Revenues were $229 million, with $175 million from Gathering and Processing and $54 million from Water Handling.
  • Adjusted EBITDA was $221 million.
  • Capital expenditures were $70 million, a 1% decrease year-over-year.

Headline financials

Total Revenue

$229M

Previous: $233M-1.7%
EPS (adj)

$0.20

Previous: $0.23-13.0%
Adjusted EBITDA

$221M

Previous: $225M-1.8%
Capital Expenditures

$70M

Previous: $71M-1.4%
Adjusted Free Cash Flow after dividends

-$2M

Previous: $3M-166.7%
Free Cash Flow

$79.4M

Previous: $28.6M+177.9%
Net Income

$79.4M

Previous: $80.2M-1.0%
Operating Income

$128M

Previous: $151M-15.2%
Gross Profit

$186M

Previous: $193M-3.9%
Total Assets

$5.59B

Previous: $5.54B+0.8%
Stock-Based Comp

$5.64M

Previous: $3.06M+84.4%

Revenue & EPS history

Antero Midstream · Revenue · Quarterly

$229M

Q2 2022-1.7%vs Q2 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Antero Midstream · $211M total across 3 segments · Q2 2022

  • Gathering and Processing
    $175M-9.3%
  • Water Handling
    $54M-6.9%
  • Amortization of Customer Relationships
    -$18M+0.0%

Forward guidance

Antero Midstream expects to generate Free Cash Flow after dividends for the foreseeable future and commence progress on goals towards absolute debt reduction and leverage reduction towards 3.0x target.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-0.2%

Avg return

Earnings day

-1.4%

Avg return

5 days after

-0.8%

Avg return

30 days after

49%

17 / 35 earnings

Positive

+9.2%

Q1 2022

Best reaction

-12.5%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.1%-0.5%-4.3%
Q4 2025+2.3%+4.9%+13.2%
Q3 2025-0.2%-1.9%+2.7%
Q1 2025+1.9%+5.8%+13.5%
Q4 2024+6.1%+5.9%+7.3%
Q3 2024-3.4%-3.0%+7.3%
Q2 2024-3.6%-8.0%+2.1%
Q1 2024+2.1%+1.7%+3.4%
Q4 2023+6.2%+6.2%+14.4%
Q3 2023+1.7%+0.4%+9.1%
Q2 2023-0.9%+1.8%+1.8%
Q1 2023+4.7%+10.3%+5.7%
Q4 2022+1.0%-2.4%-9.1%
Q3 2022+0.5%+4.0%+8.0%
Q2 2022+0.9%+2.9%+7.5%
Q1 2022+9.2%+3.7%+11.5%
Q4 2021-5.3%-3.7%+2.6%
Q3 2021-1.7%-3.1%-7.2%
Q2 2021+0.7%-3.9%+0.9%
Q1 2021-2.2%-2.3%+6.8%
Q4 2020-12.5%-12.4%-3.2%
Q3 2020-5.8%-11.9%+9.6%
Q1 2020+2.6%+1.7%+3.2%
Q4 2019-0.6%-4.8%-31.7%
Q3 2019-1.9%-8.9%-36.5%
Q2 2019-6.7%-12.5%-21.3%
Q1 2019+0.7%-1.1%+0.1%
Q4 2018+1.5%-5.9%-8.6%
Q3 2018-0.4%-3.9%-6.0%
Q2 2018-0.9%-1.7%-12.1%
Q1 2018+4.3%+3.3%+9.2%
Q4 2017+4.5%+4.6%-13.4%
Q3 2017-2.8%-2.6%-3.7%
Q2 2017-5.8%-7.1%-10.4%
Q1 2017-1.3%-3.5%-0.2%
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q1 2015
Q4 2014
Q2 2014

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