Antero Midstream Corporation (AM) to Issue Quarterly Dividend of $0.23 on August 12th

Antero Midstream Corporation (NYSE:AM) announced a quarterly dividend on Wednesday, July 15th. Shareholders 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 3.9%. The ex-dividend date is Wednesday, July 29th.

Antero Midstream has decreased its dividend payment 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 Trading Up 1.8%

Shares of AM opened at $22.82 on Friday. The firm’s 50-day moving average price is $21.92 and its 200-day moving average price is $21.20. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.89. The firm has a market capitalization of $10.84 billion, a price-to-earnings ratio of 26.53 and a beta of 0.64. Antero Midstream has a 1-year low of $16.77 and a 1-year high of $23.83.

Antero Midstream (NYSE:AM) last released its earnings results on Wednesday, April 29th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The company had revenue of $314.21 million during the quarter, compared to analysts’ expectations of $311.30 million. Antero Midstream had a return on equity of 20.38% and a net margin of 33.90%.The company’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.25 earnings per share. Sell-side analysts anticipate 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.