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

Antero Midstream Corporation (NYSE:AM) announced a quarterly dividend on Wednesday, July 15th. Investors of record on Wednesday, July 29th will be paid 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 of this dividend 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 decline. 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%

NYSE AM opened at $22.39 on Thursday. The stock’s 50 day moving average is $21.89 and its 200 day moving average is $21.17. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.89. Antero Midstream has a 12 month low of $16.77 and a 12 month high of $23.83. The stock has a market cap of $10.63 billion, a PE ratio of 26.03 and a beta of 0.64.

Antero Midstream (NYSE:AM) last announced its quarterly earnings data on Wednesday, April 29th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The company had revenue of $314.21 million for the quarter, compared to analysts’ expectations of $311.30 million. Antero Midstream had a net margin of 33.90% and a return on equity of 20.38%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the business earned $0.25 earnings per share. Research analysts predict that Antero Midstream will post 1.1 EPS for the current fiscal year.

Antero Midstream Company Profile

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.