Antero Midstream Corp AM.N reported quarterly adjusted earnings of 26 cents per share for the quarter ended June 30, 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 25 cents per share. Wall Street expected results to range from 23 cents to 31 cents per share.
Revenue rose 13.2% to $305.47 million from a year ago; analysts expected $291.79 million.
Antero Midstream Corp's reported EPS for the quarter was 26 cents.
The company reported quarterly net income of $124.51 million.
Antero Midstream Corp shares had fallen by 10.4% this quarter and gained 12.5% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 2.9% in the last three months.
In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 6 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the oil & gas transportation services peer group is "buy."
Wall Street's median 12-month price target for Antero Midstream Corp is $17.00, about 0.8% above its last closing price of $17.14
This summary was machine generated from LSEG data July 30 at 09:01 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)