Antero Midstream Corp reports results for the quarter ended in December - Earnings Summary

Antero Midstream

14/02/2024 23:30

* Antero Midstream Corp  AM.N  reported quarterly adjusted
earnings of 21 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 17 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 21 cents per
share. Wall Street expected results to range from 18 cents to 26
cents per share.
    * Revenue rose 7.7% to $260.17 million from a year ago;
analysts
expected $257.32 million. 
    * Antero Midstream Corp's reported EPS for the quarter was
21
cents​.
    * The company reported quarterly net income of $100.31
million.
    * Antero Midstream Corp shares had fallen by 6.8% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
transportation services peer group is also "hold"

Wall Street's median 12-month price target for Antero Midstream
Corp is $13.00 
This summary was machine generated from LSEG data February 14 at
11:30 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.21           0.21           Met
 Sep. 30 2023      0.21           0.20           Missed
 Jun. 30 2023      0.20           0.18           Missed
 Mar. 31 2023      0.20           0.18           Missed