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

Antero Midstream

24/04/2024 22:01

* Antero Midstream Corp  AM.N  reported quarterly adjusted
earnings of 21 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 18 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 23 cents per
share. Wall Street expected results to range from 21 cents to 28
cents per share.
    * Revenue rose 7.5% to $279.05 million from a year ago;
analysts
expected $271.01 million. 
    * Antero Midstream Corp's reported EPS for the quarter was
21
cents​.
    * The company reported quarterly net income of $103.79
million.
    * Antero Midstream Corp shares had fallen by 0.9% this
quarter and
gained 11.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"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 $14.00 
This summary was machine generated from LSEG data April 24 at
09:00 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
 Mar. 31 2024      0.23           0.21           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