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Stock impact report

Antero Midstream: Consistently Generating Free Cash Flow After Dividends Now [Seeking Alpha]

Antero Midstream Corporation (AM) 
Last antero midstream corporation earnings: 4/29 04:15 pm Check Earnings Report
Company Research Source: Seeking Alpha
This is expected to continue in 2024, and I project that it can generate $225 million to $245 million in FCF after dividends in 2024. This would reduce its leverage to around 2.9x at the end of 2024. If the appeals process around its lawsuit with Veolia is exhausted, it could receive close to $300 million in additional proceeds. Looking for more investing ideas like this one? Get them exclusively at Distressed Value Investing. Learn More » Antero Midstream ( NYSE: AM ) delivered its fifth consecutive quarter of free cash flow after dividends in Q3 2023 and looks set to continue delivering positive free cash flow after dividends in the future. I currently project that Antero Midstream can deliver $225 million to $245 million in 2024 free cash flow after its approximately $430 million per year in dividends. There is some risk that Antero Resources ( AR ) looks to slightly reduce production in 2024 compared to 2H 2023 levels given that the current natural gas strip is down to Show less Read more
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