This morning, I updated my forecast/valuation model for Antero Midstream Corp. (NYSE: AM) and it has been posted to the EPG website. We will be publishing an updated profile on this profitable midstream company this afternoon.
AM has a market-cap of $7.5 billion.
There is a HIGH PROBABILITY that AM will announce an increase in their quarterly dividend when they announce Q4 results in February.
AM has generated free cash flow after dividends for nine straight quarters AND I expect them to report a significant quarter-over-quarter increase in free cash flow for Q4 2024. For several quarters they have been telling shareholders and analysts that they will increase dividends once they meet their debt reduction goal. The goal should have been reached in December 2024.
AM is a C-Corp., so it is appropriate for an IRA account.
AM was created by, and its growth is directly related to the growth of Antero Resources (AR). We published an updated profile on AR on Saturday. Read it carefully then look at AM's forecast.
Antero Midstream (AM) Update - Jan 6
Antero Midstream (AM) Update - Jan 6
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group