NYSE$AM
Antero Midstream Corp · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Antero Midstream reported strong Q2 2023 results driven by double-digit throughput growth and free cash flow generation.
Antero Midstream announced strong second quarter 2023 financial and operational results, with a 10% year-over-year increase in Adjusted EBITDA and the fourth consecutive quarter of generating Free Cash Flow after dividends. The company's leverage ratio decreased to 3.5x, positioning it well to achieve its 2023 guidance and its leverage target of 3.0x or less in 2024.
- Low pressure gathering volumes increased by 11% year-over-year.
- Adjusted EBITDA increased by 10% year-over-year.
- Free Cash Flow after dividends was $31 million, compared to a $2 million deficit in the prior year quarter.
- Leverage ratio decreased to 3.5x at the end of the second quarter.
Headline financials
Revenue & EPS history
Antero Midstream · Revenue · Quarterly
$258M
Revenue by segment
Antero Midstream · $240M total across 3 segments · Q2 2023
- Gathering and Processing$202M+15.4%84.2%
- Water Handling$56M+3.7%23.3%
- Amortization of Customer Relationships-$18M+0.0%-7.5%
Forward guidance
Antero Midstream is well-positioned to achieve its 2023 guidance and continue its progress towards its leverage target of 3.0x or less in 2024.
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 2023
-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
| Quarter | Report date | Reaction (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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