DENVER, Oct. 16, 2019 /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
third quarter of 2019. In addition, Antero Midstream announced
plans to issue its third quarter 2019 earnings on Tuesday, October 29, 2019 after the close of
trading on the New York Stock Exchange.
Third Quarter 2019 Return of Capital
Antero Midstream's third quarter 2019 dividend is unchanged as
compared to the second quarter of 2019 and represents a 114%
increase as compared to Antero Midstream GP LP's ("AMGP") third
quarter 2018 distribution. The dividend will be payable on
November 13, 2019 to stockholders of
record as of November 1, 2019. The
dividend also represents a 32% increase compared to Antero
Midstream Partners LP's third quarter 2018 distribution, adjusted
for the 1.8926 exchange ratio for unitholders who elected to
receive stock in the simplification transaction. This represents
the nineteenth consecutive quarterly dividend or distribution paid
since Antero Midstream Partners LP's initial public offering in
November 2014.
On August 12, 2019, the Board of
Directors of Antero Midstream authorized a share repurchase program
to opportunistically repurchase up to $300
million of shares of its outstanding common stock through
June 30, 2021. During the third
quarter of 2019, Antero Midstream repurchased approximately 3.5
million shares under this program for approximately $25 million, leaving approximately $275 million of remaining capacity as of
September 30, 2019.
Third Quarter Earnings Release Date and Conference
Call
Antero Midstream plans to issue its third quarter 2019 earnings
on Tuesday, October 29, 2019 after
the close of trading on the New York Stock Exchange. A conference
call for Antero Midstream is scheduled on Wednesday, October 30, 2019 at 10:00 am MT to discuss the third quarter 2019
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 Wednesday, November 6,
2019 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 Wednesday, November 6, 2019 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