Antero Midstream Corporation Announces Quarterly Dividend of $0.23 (NYSE:AM)

Antero Midstream Corporation (NYSE:AM) declared a quarterly dividend on Wednesday, July 15th. Shareholders of record on Wednesday, July 29th will be given a dividend of 0.225 per share by the pipeline company on Wednesday, August 12th. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date is Wednesday, July 29th.

Antero Midstream has decreased its dividend by an average of 0.1%annually over the last three years. Antero Midstream has a dividend payout ratio of 81.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Antero Midstream to earn $1.26 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 71.4%.

Antero Midstream Stock Down 1.6%

AM opened at $22.39 on Thursday. The stock has a fifty day moving average of $21.89 and a 200-day moving average of $21.17. The company has a market capitalization of $10.63 billion, a P/E ratio of 26.03 and a beta of 0.64. Antero Midstream has a fifty-two week low of $16.77 and a fifty-two week high of $23.83. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.99 and a current ratio of 0.99.

Antero Midstream (NYSE:AM) last released its quarterly earnings results on Wednesday, April 29th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). Antero Midstream had a net margin of 33.90% and a return on equity of 20.38%. The business had revenue of $314.21 million during the quarter, compared to analyst estimates of $311.30 million. During the same quarter last year, the company posted $0.25 earnings per share. The company’s revenue was up 7.9% on a year-over-year basis. On average, equities analysts expect that Antero Midstream will post 1.1 EPS for the current year.

About Antero Midstream

Antero Midstream Corporation is a publicly traded midstream service provider that was established in 2014 as a spin-off from Antero Resources. Headquartered in Denver, Colorado, the company owns, operates and develops midstream infrastructure to support the gathering, compression, processing, transportation and storage of natural gas, natural gas liquids (NGLs) and crude oil. Antero Midstream plays a critical role in connecting upstream production in the Appalachian Basin to end-market pipelines and processing facilities.

The company’s core operations include a network of gathering pipelines and compression stations that serve the Marcellus and Utica shale formations across West Virginia, Pennsylvania and Ohio.