Antero Midstream Q1 net income hits record $104 million, EPS up 17%
Antero Midstream reported first quarter 2024 results for the period ended March 31, 2024, with net income of $104 million, or $0.21 per diluted share, a 17% per-share increase from the prior year quarter. Adjusted EBITDA rose 10% to $265 million, and free cash flow after dividends was $74 million, up 62%, while leverage fell to 3.1x from 3.3x at year-end 2023. The company said it continues to expect to reach its 3.0x leverage target in 2024.
Key points
- Net income was a company record $104 million, or $0.21 per diluted share, versus $86.5 million and $0.18 a year earlier.
- Revenue was $279 million, up from $259 million in the prior year quarter, and Adjusted EBITDA was $265 million, up 10%.
- Free cash flow after dividends was $74 million, up 62%, and leverage declined to 3.1x as of March 31, 2024.
- Management continues to expect to achieve its 3.0x leverage target in 2024; a conference call is set for April 25, 2024 at 10:00 am MT.
The filing
Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 24, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.