La catena delle opzioni mostra i dati chiave delle opzioni azionarie di Antero Midstream a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per Antero Midstream..

Antero Midstream (NYSE:AM) Azioni, Catena delle Opzioni

Antero Midstream

Antero Midstream Corp is a midstream company that owns, operates, and develops midstream energy infrastructure services and production activity in the Appalachian Basin's Marcellus Shale and Utica Shale located in West Virginia and Ohio. The company has two operating segments; the Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collect and process production from Antero Resources wells in West Virginia and Ohio and the Water Handling segment includes two independent systems that deliver water from sources including the Ohio River, local reservoirs and several regional waterways. It derives a majority of its revenue from the Gathering and Processing segment.

Antero Midstream Corporation Common Stock

Antero Midstream Corp

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Antero Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AM#NYSE">AM</a>) is looking for FY2024 GAAp Net Income of $400M to $420M and Adjusted Net Income of $465M to $485M.

News

Guidance

Antero Midstream Sees FY2024 GAAP Net Income of $400M to $420M and Adjusted Net Income of $465M to $485M.

Antero Resources Sees FY24 D&C Capital Expenditures $640M-$660M

Antero Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AM#NYSE">AM</a>) reported quarterly earnings of $0.23 per share which met the analyst consensus estimate. The company reported quarterly sales of $269.870 million which missed the analyst consensus estimate of $272.175 million by 0.85 percent. This is a 2.29 percent increase over sales of $263.839 million the same period last year.

Earnings

Earnings Misses

Antero Midstream Q3 2024 Adj. EPS $0.23, Inline, Sales $269.870M Miss $272.175M Estimate

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the energy sector.
<h3 class="wp-block-heading">CVR Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVI#NYSE">CVI</a>)</h3>
<ul>
<li>Dividend Yield: 8.41%</li>
<li>JP Morgan analyst Phil Gresh maintained an Underweight rating and slashed the price target from $30 to $26 on July 2. This analyst has an accuracy rate of 60%.</li>
<li>Goldman Sachs analyst Neil Mehta maintained a Sell rating and increased the price target from $28 to $31 on Sept. 1, 2023. This analyst has an accuracy rate of 68%.</li>
<li>Recent News: On July 29, CVR Energy posted a profit for the second quarter.</li>
<li>Benzinga Pro's real-time newsfeed alerted to<a href="https://pro.benzinga.com/dashboard"> latest CVI news</a></li>
</ul>
<h3 class="wp-block-heading">Chord Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRD#NASDAQ">CHRD</a>)</h3>
<ul>
<li>Dividend Yield: 8.19%</li>
<li>RBC Capital analyst Scott Hanold reiterated an Outperform rating with a price target of $200 on Sept. 5. This analyst has an accuracy rate of 67%</li>
<li>Piper Sandler analyst Mark Lear maintained an Overweight rating and cut the price target from $234 to $206 on Aug. 15. This analyst has an accuracy rate of 62%.</li>
<li>Recent News: On Aug. 7, Chord Energy posted downbeat quarterly earnings.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the t<a href="https://pro.benzinga.com/dashboard">rend in CHRD stock</a>.</li>
</ul>
<h3 class="wp-block-heading">Antero Midstream Corporation &nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AM#NYSE">AM</a>)</h3>
<ul>
<li>Dividend Yield: 5.98%</li>
<li>Goldman Sachs analyst John Mackay reinstated a Neutral rating with a price target of $12.5 on Oct. 6, 2023. This analyst has an accuracy rate of 76%.</li>
<li>UBS analyst Brian Reynolds maintained a Buy rating and cut the price target from $15 to $14 on Oct. 5. This analyst has an accuracy rate of 79%.</li>
<li>Recent News: On July 31, Antero Resources posted a second-quarter loss of 21 cents per share.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://pro.benzinga.com/dashboard">breakout in AM shares</a>.</li>
</ul>

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Dividends

Price Target

Pre-Market Outlook

Intraday Update

Markets

Analyst Ratings

Trading Ideas

CHRD

Wall Street's Most Accurate Analysts Spotlight On 3 Energy Stocks With Over 5% Dividend Yields

Morgan Stanley analyst Devin McDermott maintains Antero Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AM#NYSE">AM</a>) with a Underweight and raises the price target from $15 to $16.

Morgan Stanley Maintains Underweight on Antero Midstream, Raises Price Target to $16

Antero Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AM#NYSE">AM</a>) reported quarterly earnings of $0.23 per share which beat the analyst consensus estimate of $0.22 by 4.55 percent. The company reported quarterly sales of $269.795 million which missed the analyst consensus estimate of $269.801 million by 0 percent. This is a 4.46 percent increase over sales of $258.287 million the same period last year.

Earnings Beats

Antero Midstream Q2 2024 Adj. EPS $0.23 Beats $0.22 Estimate, Sales $269.795M Miss $269.801M Estimate

Antero Resources Q2 EPS $(0.21) Up From $(0.28) YoY; Revenue $978.654M Up From $953.305M YoY

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the energy sector.
<h3 class="wp-block-heading">CVR Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVI#NYSE">CVI</a>)</h3>
<ul>
<li>Dividend Yield: 7.88%</li>
<li>Scotiabank analyst Paul Cheng maintained a Sector Underperform rating and cut the price target from $29 to $24 on July 12. This analyst has an accuracy rate of 61%.</li>
<li>JP Morgan analyst Phil Gresh maintained an Underweight rating and slashed the price target from $30 to $26 on July 2. This analyst has an accuracy rate of 60%.</li>
<li>Recent News: CVR Energy will release its second quarter earnings results on Monday, July 29, after the closing bell.</li>
<li>Benzinga Pro's real-time newsfeed <a href="https://pro.benzinga.com/dashboard">alerted to latest CVI news</a></li>
</ul>
<h3 class="wp-block-heading">DHT Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHT#NYSE">DHT</a>)</h3>
<ul>
<li>Dividend Yield: 10.00%</li>
<li>Stifel analyst Benjamin Nolan maintained a Hold rating and raised the price target from $12 to $13 on July 24. This analyst has an accuracy rate of 77%.</li>
<li>Jefferies analyst Omar Nokta upgraded the stock from Hold to Buy and increased the price target from $11 to $14 on March 21. This analyst has an accuracy rate of 79%.</li>
<li>Recent News: On July 24, DHT Holdings issued a business update.</li>
<li><a href="https://pro.benzinga.com/dashboard">Benzinga Pro's charting tool</a> helped identify the trend in DHT's stock.</li>
</ul>
<h3 class="wp-block-heading">Antero Midstream Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AM#NYSE">AM</a>)</h3>
<ul>
<li>Dividend Yield: 6.18%</li>
<li>Goldman Sachs analyst John Mackayreinstated a Neutral rating with a price target of $12.5 on Oct. 6, 2023. This analyst has an accuracy rate of 70%.</li>
<li>UBS analyst Brian Reynolds maintained a Buy rating and cut the price target from $15 to $14 on Oct. 5, 2023. This analyst has an accuracy rate of 76%.</li>
<li>Recent News: Antero Resources will issue its second quarter earnings on Wednesday, July 31.</li>
<li>Benzinga Pro's signals feature notified of a potential <a href="https://pro.benzinga.com/dashboard">breakout in AM shares</a>.</li>
</ul>
Read More: 
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Wall Street's Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 6% Dividend Yields

During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>. 
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the energy sector.
<h3 class="wp-block-heading">DHT Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHT#NYSE">DHT</a>)</h3>
<ul>
<li>Dividend Yield: 9.94%</li>
<li>Stifel analyst Benjamin Nolan maintained a Hold rating with a price target of $12 on May 15. This analyst has an accuracy rate of 73%.</li>
<li>Jefferies analyst Omar Nokta upgraded the stock from Hold to Buy and raised the price target from $11 to $14 on March 21. This analyst has an accuracy rate of 82%.</li>
<li>Recent News: On May 14, DHT Holdings posted downbeat quarterly sales.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent062624&amp;t=be2bearmibe3na1">latest DHT's news</a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="680" height="748" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/26001909/Screenshot-2024-06-26-at-11.18.59-AM.png" alt="" class="wp-image-405684" style="width:473px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/26001909/Screenshot-2024-06-26-at-11.18.59-AM.png 680w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/26001909/Screenshot-2024-06-26-at-11.18.59-AM-273x300.png 273w" sizes="(max-width: 680px) 100vw, 680px" /></a></figure>
<h3 class="wp-block-heading">Vitesse Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTS#NYSE">VTS</a>)</h3>
<ul>
<li>Dividend Yield: 8.87%</li>
<li>Alliance Global Partners analyst Jeff Grampp initiated coverage on the stock with a Buy rating and a price target of $27 on Nov. 16, 2023. This analyst has an accuracy rate of 64%.</li>
<li>Roth MKM analyst John White initiated coverage on the stock with a Buy rating and a price target of $30.5 on Oct. 16, 2023. This analyst has an accuracy rate of 65%.</li>
<li>Recent News: On May 6, Vitesse Energy posted mixed results for the first quarter.</li>
<li><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent062624&amp;t=be2bearmibe3na1">Benzinga Pro's charting tool</a> helped identify the trend in Vitesse Energy's stock.</li>
</ul>
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<h3 class="wp-block-heading">Antero Midstream Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AM#NYSE">AM</a>)</h3>
<ul>
<li>Dividend Yield: 6.04%</li>
<li>Goldman Sachs analyst John Mackay reinstated a Neutral rating with a price target of $12.5 on Oct. 6, 2023. This analyst has an accuracy rate of 68%.</li>
<li>UBS analyst Brian Reynolds maintained a Buy rating and cut the price target from $15 to $14 on Oct. 5, 2023. This analyst has an accuracy rate of 74%.</li>
<li>Recent News: On April 24, Antero Midstream posted upbeat quarterly results.</li>
<li>Benzinga Pro's signals feature notified of a <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent062624&amp;t=be2bearmibe3na1">potential breakout in Antero Midstream's shares</a>.</li>
</ul>
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Antero Midstream's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AM#NYSE">AM</a>) short percent of float has risen 4.63% since its last report. The company recently reported that it has 13.80 million shares sold short, which is 4.07% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.49 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Antero Midstream Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1716232515_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Antero Midstream has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Antero Midstream's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Antero Midstream's peer group average for short interest as a percentage of float is 4.04%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(AM) - Analyzing Antero Midstream's Short Interest

Antero Midstream Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AM#NYSE">AM</a>) ("Antero Midstream" or the "Company") today announced a bolt-on acquisition of gathering and compression assets in the Marcellus Shale for $70 million from Summit Midstream Partners LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMLP#NYSE">SMLP</a>). The transaction closed on May 1, 2024 with an effective date of April 1, 2024. In addition, the Company announced that it has called for redemption all of its outstanding 7.875% Senior Notes due 2026 (the "2026 Notes") for redemption on May 16, 2024 (the "Redemption Date").
Bolt-On Acquisition Highlights and Rationale:
<ul>
<li>Estimated to be over 5% accretive to Free Cash Flow after dividends through 2027</li>
<li>Increases Antero Midstream's 2024 Adjusted EBITDA and Free Cash Flow guidance by $15 million and $10 million, respectively</li>
</ul>
Paul Rady, Chairman and CEO said, "This transaction marks our third highly strategic bolt-on acquisition in Appalachia in the last two years. The compression and high pressure gathering assets are already interconnected with Antero Midstream's low pressure gathering system. As a result of this transaction, Antero Midstream now gathers and compresses substantially all of Antero Resources' production."
Brendan Krueger, CFO of Antero Midstream, said "Importantly, we were able to internally finance this transaction and the anticipated Free Cash Flow after dividends accretion of the acquisition will continue to position Antero Midstream to achieve our 3.0x Leverage target in 2024.&nbsp; As a result, we are well positioned to target incremental return of capital to shareholders this year."
Marcellus Bolt-On Acquisition
Under the terms of the agreement, Antero Midstream acquired the compression and high pressure gas gathering system and associated agreements for $70 million in cash. The assets acquired include two compressor stations and 48 miles of high pressure gas gathering pipelines. The acquired assets are currently connected to Antero Midstream's low pressure gas gathering system and are not expected to require any material capital investment.
2024 Guidance Update
Antero Midstream is increasing its 2024 guidance to reflect the announced acquisition.
The following is a summary of Antero Midstream's updated 2024 guidance ($ in millions):
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<tbody>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="3" rowspan="1">Twelve Months Ended December 31, 2024</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Change vs. Prior Guidance</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Low</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">High</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="2" rowspan="1">(At midpoint)</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Net Income</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">$415</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">$455</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="4" rowspan="1">+$10</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted Net Income</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">470</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">510</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="4" rowspan="1">+10</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted EBITDA</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">1,035</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">1,075</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="4" rowspan="1">+15</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Capital Expenditures</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">150</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">170</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="4" rowspan="1">—</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Interest Expense</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">190</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">200</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="4" rowspan="1">+5</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Free Cash Flow Before Dividends</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">680</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">720</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="4" rowspan="1">+10</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Total Dividends</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">435</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">435</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="4" rowspan="1">—</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Free Cash Flow After Dividends</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">245</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">285</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="4" rowspan="1">+10</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="4" rowspan="1"> &nbsp;</td>
</tr>
</tbody>
</table>
</figure>
For a discussion of the non-GAAP financial measures, including Adjusted EBITDA, Adjusted Net Income, Leverage, and Free Cash Flow before and after dividends see "Non-GAAP Financial Measures and Definitions."
Redemption of 2026 Senior Notes
On May 1, 2024, Antero Midstream Corporation called for redemption all $531 million of its outstanding 7.875% Senior Notes due 2026 (CUSIP Nos. 03690E AA6 and U0019E AA3) for redemption on the Redemption Date at a price of 101.969% of the principal thereof, plus accrued and unpaid interest to, but excluding, the Redemption Date.&nbsp; The redemption of the 2026 Notes will be funded with cash on hand and borrowings under Antero Midstream's revolving credit facility.
This press release is neither an offer to sell or a solicitation of an offer to buy the 2026 Notes or any other securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the 2026 Notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful.&nbsp; This press release shall not constitute a notice of redemption of the 2026 Notes.

SMLP

Antero Midstream Announces A Bolt-On Acquisition Of Gathering And Compression Assets In The Marcellus Shale For $70M; Increases 2024 Adjusted EBITDA And Free Cash Flow Guidance By $15M And $10M, Respectively

Antero Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AM#NYSE">AM</a>) reported quarterly earnings of $0.24 per share which beat the analyst consensus estimate of $0.23 by 4.35 percent. This is a 14.29 percent increase over earnings of $0.21 per share from the same period last year. The company reported quarterly sales of $279.051 million which beat the analyst consensus estimate of $271.013 million by 2.97 percent. This is a 7.54 percent increase over sales of $259.475 million the same period last year.

Antero Midstream Q1 2024 Adj EPS $0.24 Beats $0.23 Estimate, Sales $279.051M Beat $271.013M Estimate

Antero Midstream's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AM#NYSE">AM</a>) short percent of float has risen 8.16% since its last report. The company recently reported that it has 14.33 million shares sold short, which is 4.24% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.93 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Antero Midstream Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712841312_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Antero Midstream has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Antero Midstream's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Antero Midstream's peer group average for short interest as a percentage of float is 3.86%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Antero Midstream's Recent Short Interest

Antero Midstream Corporation&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/am#NYSE">AM</a>) has witnessed upward earnings estimate revisions for 2024 in the past 60 days.
The company, currently carrying a Zacks Rank #3 (Hold), beat the Zacks Consensus Estimate for earnings in the trailing four quarters, delivering a surprise of 11.1% on average.
<h3>Sustained Earnings Growth</h3>
Antero Midstream has shown consistent earnings growth, with an 18% compound annual growth rate in EBITDA from 2014 to 2023, and is guiding to a mid-point of $1.04 billion of EBITDA for 2024. The company&#39;s steady performance and positive earnings outlook indicate robust operational efficiency and financial health.
<h3>Capital Efficiency and Reduction</h3>
Antero Midstream has cut its capital expenditure guidance, indicating a 14% year-over-year reduction in 2024, aligning with a lower gas price environment and operational optimization. This strategy is supported by just-in-time investments that generate consistent free cash flow, contributing to a peer-leading leverage of 3.3X at the end of 2023. The company&#39;s ability to adapt capital spending to market conditions, while maintaining operational effectiveness demonstrates prudent financial management and potential for enhanced shareholder value.
<h3>Strong Return on Invested Capital</h3>
AM has maintained a high ROIC, averaging 17% from 2020 to 2023, underscoring its effective use of capital in generating profits. A high ROIC indicates that AM is generating more profit per dollar of capital, which is a key indicator of financial health and operational efficiency.
<h3>Debt Management and Leverage Improvement</h3>
AM reduced its total debt by approximately $150 million in 2023, achieving a leverage ratio of 3.3X, and has no near-term debt maturities, providing financial stability. Effective debt management and a strong balance sheet position AM to withstand market volatility and pursue growth opportunities.
<h3>Dividend Reliability and Share Repurchase Program</h3>
AM has a record of returning capital to shareholders, with a stable dividend yielding around 7% and a $500-million share repurchase program. The company&#39;s commitment to returning capital to shareholders through dividends and share buybacks can provide a steady income stream and support stock price appreciation.
<h3>Strategic Operational Advantages</h3>
Antero Midstream benefits from more than 20 years of dedicated inventory in low-cost natural gas and NGL basins, supported by 100% fixed-fee revenues with no direct commodity price exposure. The company&#39;s just-in-time investment strategy generates a consistent free cash flow, further enhancing its operational efficiency and capital flexibility.
<h3>ESG Leadership</h3>
Antero Midstream is an industry leader in Environmental, Social, and Governance (ESG) performance, ranking #1 in the Wells Fargo ESG Scorecard for U.S. Midstream G&amp;P&#39;s and 36th out of 197 in the Pipeline and Refining Industry Companies ranked by Sustainalytics. This strong ESG performance not only reduces operational risks but also aligns with increasing investor demand for responsible and sustainable investment opportunities.
<h3>Risks</h3>
Antero Midstream is significantly dependent on Antero Resources Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ar#NYSE">AR</a>), earning a large portion of its revenues by servicing this upstream company. This dependency makes AM susceptible to risks associated with any negative developments in Antero Resources&#39; production operations, given its lack of diversification in its customer base across different upstream firms.
<h3>Stocks to Consider</h3>
Investors interested in the&nbsp;energy&nbsp;sector may take a look at the following company that presently sports a Zacks Rank #1 (Strong Buy).
SM Energy Company&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sm#NYSE">SM</a>) is an independent oil and gas company engaged in the exploration, exploitation, development, acquisition, and production of oil and gas in North America. SM currently has a Momentum Score of A and a Value Score of B.
The Zacks Consensus Estimate for SM&#39;s 2024 and 2025 EPS is pegged at $5.99 and $6.44, respectively. The stock has witnessed upward earnings estimate revisions for 2024 and 2025 in the past seven days.
Enerplus Corporation&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/erf#NYSE">ERF</a>) is an independent oil and gas production company with resources across Western Canada and the United States.
Enerplus has witnessed upward earnings estimate revisions for 2024 and 2025 in the past seven days. The consensus estimate for ERF&#39;s 2024 and 2025 earnings per share is pegged at $1.95 and $2.25, respectively.
<a href="https://www.zacks.com/stock/news/2252792/here-s-why-hold-strategy-is-apt-for-antero-midstream-am-stock?cid=CS-BENZ-FT-analyst_blog|rank_focused-2252792">To read this article on Zacks.com click here.</a>

Small Cap

Here's Why Hold Strategy is Apt for Antero Midstream (AM) Stock

TPH Energy Research downgrades Antero Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AM#NYSE">AM</a>) from Buy to Hold.

Downgrades

TPH Energy Research Downgrades Antero Midstream to Hold

As of March 12, 2024, five stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi"> RSI is above 70</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>Gulf Island Fabrication, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gifi#NASDAQ">GIFI</a>)</h3>
<ul>
<li>On March 7, Gulf Island Fabrication reported a year-over-year increase in fourth-quarter revenue results. &ldquo;Our strong fourth quarter results cap off an excellent year for Gulf Island and reflect the continued favorable end market trends in our core Gulf Coast region, combined with the benefits of the successful execution of our strategic initiatives,&rdquo; said Richard Heo, Gulf Island&rsquo;s President and Chief Executive Officer. The company&rsquo;s stock gained around 37% over the past five days and has a <a href="https://www.benzinga.com/quote/GIFI">52-week high of $7.37 </a>.</li>
<li>RSI Value: 87.12</li>
<li>GIFI Price Action: Shares of Gulf Island Fabrication gained 5.6% to close at $6.94 on Monday.</li>
</ul>
<h3>Equitrans Midstream Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/etrn#NYSE">ETRN</a>)</h3>
<ul>
<li>On March 11, EQT Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eqt#NYSE">EQT</a>) announced that it entered into a definitive merger agreement to acquire Equitrans Midstream. The company&rsquo;s stock gained around 6% over the past five days and <a href="https://www.benzinga.com/quote/ETRN"> has a 52-week high </a> of $11.71.</li>
<li>RSI Value: 74.44</li>
<li>ETRN Price Action: Shares of Equitrans Midstream gained 1.5% to close at $11.32 on Monday.</li>
</ul>
<h3>Marathon Petroleum Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mpc#NYSE">MPC</a>)</h3>
<ul>
<li>On Jan. 30, Marathon Petroleum reported better-than-expected fourth-quarter financial results. The company&rsquo;s stock gained around 5% over the past five days has a <a href="https://www.benzinga.com/quote/MPC"> 52-week high </a> of $181.63.</li>
<li>RSI Value: 71.56</li>
<li>MPC Price Action: Shares of Marathon Petroleum gained 1% to close at $181.41 on Monday.</li>
</ul>
<h3>DT Midstream, Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dtm#NYSE">DTM</a>)</h3>
<ul>
<li>On Feb. 16, DT Midstream reported fourth-quarter fiscal 2023 operating earnings of $121 million, compared to $91 million in prior quarter. &ldquo;We successfully executed on the largest construction program in our history last year, completing key expansions ahead of schedule and on budget. These projects will deliver strong growth over the next two years,&rdquo; commented David Slater, President and CEO. The company&rsquo;s stock jumped around 11% over the past month and has a 52-week high is $58.90.</li>
<li>RSI Value: 75.58</li>
<li>DTM Price Action: Shares of DT Midstream rose 0.5% to close at $58.57 on Monday.</li>
</ul>
<h3>Antero Midstream Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/am#NYSE">AM</a>)</h3>
<ul>
<li>On Feb. 14, Antero Midstream posted better-than-expected quarterly earnings. The company&rsquo;s stock jumped around 14% over the past month and <a href="https://www.benzinga.com/quote/AM"> has a 52-week high </a> of $13.72.</li>
<li>RSI Value: 72.24</li>
<li>AM Price Action: Shares of Antero Midstream gained 2.5% to close at $13.68 on Monday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/03/37578817/cramer-says-this-healthcare-stock-can-go-higher-calls-manhattan-associates-a-winner"> Cramer Says This Healthcare Stock Can Go Higher, Calls Manhattan Associates &#39;A Winner&#39; </a>

ETRN

GIFI

Top 5 Energy Stocks You May Want To Dump In March

General

CORRECTION: Advanced Micro Devices Ticker Is "AMD"

2024 Guidance
Antero Midstream is forecasting Net Income of $405&nbsp;to $445&nbsp;million and Adjusted Net Income (adjusted for amortization of customer relationships and effective tax rate impact) of $460&nbsp;to $500&nbsp;million. The Company is forecasting Adjusted EBITDA of $1,020&nbsp;to $1,060&nbsp;million, which represents a 5% increase compared to 2023 at the midpoint. This Adjusted EBITDA growth is driven by the expiration of the low pressure gathering fee rebate program, inflation adjustments to Antero Midstream's fixed fees and flat-to-low single digit throughput growth in 2024 compared to 2023. In addition, Antero Midstream expects to service approximately 52 to 57 wells with its fresh water delivery system with an average lateral length of approximately 16,000 feet. Antero Midstream's 2024 guidance includes approximately $130&nbsp;to $140&nbsp;million of combined distributions from its interests in the processing and fractionation joint venture with MPLX, LP (the "Joint Venture") and in Stonewall Gathering LLC.
Antero Midstream is forecasting a capital budget of $150&nbsp;to $170&nbsp;million, a 14% decrease compared to 2023 at the midpoint. The midpoint of the 2024 capital budget includes approximately $130&nbsp;million of investment in gathering and compression infrastructure for low pressure gathering connections, additional compression capacity, and further expansion of its Marcellus high pressure gathering system. Antero Midstream has budgeted an investment of $30&nbsp;million for fresh water delivery and wastewater blending and pipeline infrastructure in 2024. Antero Midstream expects to invest approximately 60% to 65% of its full year capital budget in the second and third quarter during the summer months that are more favorable for infrastructure buildout. Substantially all of Antero Midstream's 2024 capital budget is focused in the Marcellus Shale liquids-rich midstream corridor.
Antero Midstream is forecasting Free Cash Flow before dividends of $670&nbsp;to $710&nbsp;million and Free Cash Flow after dividends of $235&nbsp;to $275&nbsp;million for 2024, assuming an annualized dividend of $0.90 per share.
The following is a summary of Antero Midstream's 2024 guidance ($ in millions):
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="4" rowspan="1">Twelve Months Ended December 31, 2024</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Low</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="2" rowspan="1">High</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Net Income</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">$405</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="2" rowspan="1">$445</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted Net Income</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">460</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="2" rowspan="1">500</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted EBITDA</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">1,020</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="2" rowspan="1">1,060</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Capital Expenditures</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">150</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="2" rowspan="1">170</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Interest Expense</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">185</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="2" rowspan="1">195</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Free Cash Flow Before Dividends</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">670</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="2" rowspan="1">710</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Total Dividends</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">435</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="2" rowspan="1">435</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Free Cash Flow After Dividends</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">235</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="2" rowspan="1">275</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
</tbody>
</table>
</figure>

Antero Midstream Sees FY24 Net Income $405M-$455M; Adjusted Net Income Of $460M-$500M

Share Repurchase Program
On February 14, 2024, Antero Midstream's Board of Directors authorized a share repurchase program that allows the Company to repurchase up to $500 million of outstanding common stock. This represents approximately 9% of Antero Midstream's market capitalization based on the current share price.
The shares may be repurchased from time to time in open market transactions, through privately negotiated transactions or by other means in accordance with federal securities laws. The timing, as well as the number and value of shares repurchased under the program, will be determined by the Company at its discretion and will depend on a variety of factors, including the market price of the Company's common stock, general market and economic conditions and applicable legal requirements. The exact number of shares to be repurchased by the Company is not guaranteed and the program may be suspended, modified, or discontinued at any time without prior notice.

Buybacks

Antero Midstream Authorizes A $500M Share Repurchase Program

Antero Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AM#NYSE">AM</a>) reported its Q4 earnings results on Wednesday, February 14, 2024 at 04:15 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Antero Midstream beat estimated earnings by 14.29%, reporting an EPS of $0.24 versus an estimate of $0.21.
Revenue was up $18.62 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.02 which was followed by a 1.64% increase in the share price the next day.
Here's a look at Antero Midstream's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.21</td>
<td>0.20</td>
<td>0.19</td>
<td>0.19</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.23</td>
<td>0.22</td>
<td>0.21</td>
<td>0.20</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>261.07M</td>
<td>268.63M</td>
<td>265.22M</td>
<td>244.34M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>263.84M</td>
<td>258.29M</td>
<td>259.48M</td>
<td>241.55M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Antero Midstream <a href="https://www.benzinga.com/quote/AM/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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