DENVER, Jan. 15, 2020 /PRNewswire/ -- Antero Midstream
Corporation (NYSE: AM) ("Antero Midstream") today announced
that the Board of Directors of Antero Midstream declared a cash
dividend of $0.3075 per share
($1.23 per share annualized) for the
fourth quarter of 2019. In addition, Antero Midstream announced
plans to issue their fourth quarter and full year 2019 earnings on
Wednesday, February 12, 2020 after
the close of trading on the New York Stock Exchange.
Fourth Quarter 2019 Return of Capital
Antero Midstream's fourth quarter 2019 dividend is unchanged as
compared to the third quarter of 2019. The dividend will be payable
on February 12, 2020 to stockholders
of record as of January 31,
2020. This represents the twentieth consecutive quarterly
dividend or distribution paid since Antero Midstream Partners LP's
initial public offering in November
2014.
On December 8, 2019, Antero
Midstream announced that it agreed to purchase $100 million of common stock from Antero
Resources based on a formulaic pricing mechanism taking into
account both historical and future pricing. The pricing mechanism
resulted in Antero Midstream purchasing and retiring 19.4 million
shares from Antero Resources at a price of $5.16 per share. As a result, Antero Midstream
had 484 million shares outstanding as of December 31, 2019. To-date, Antero Midstream has
repurchased 22.9 million shares for $125
million under its $300 million
share repurchase program.
Fourth Quarter and Full Year 2019 Earnings Release Date and
Conference Call
Antero Midstream plans to issue its fourth quarter and full year
2019 earnings on Wednesday, February 12,
2020 after the close of trading on the New York Stock
Exchange. A conference call for Antero Midstream is scheduled on
Thursday, February 13, 2020 at
10:00 am MT to discuss the financial
and operational results. A brief Q&A session for security
analysts will immediately follow the discussion of the results for
the quarter. To participate in the call, dial in at
877-407-9126 (U.S.), or 201-493-6751(International) and reference
"Antero Midstream". A telephone replay of the call will be
available until Thursday, February 20,
2020 at 10:00 am MT at
877-660-6853 (U.S.) or 201-612-7415 (International) using the
conference ID: 13693464. To access the live webcast and view the
related earnings conference call presentation, visit Antero
Midstream's website at www.anteromidstream.com. The webcast
will be archived for replay until Thursday,
February 20, 2020 at 10:00 am
MT.
Antero Midstream Corporation is a Delaware corporation that owns, operates and
develops midstream gathering, compression, processing and
fractionation assets located in West
Virginia and Ohio, as well
as integrated water assets that primarily service Antero Resources
Corporation's properties. Antero Midstream's website is
located at www.anteromidstream.com.
For more information, contact Michael
Kennedy — CFO of Antero Midstream Corporation, at (303)
357-6782 or mkennedy@anteroresources.com.
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SOURCE Antero Midstream Corporation