Published on 20 Feb 2024 on Zacks via Yahoo Finance
Antero Midstream (AM) Q4 Earnings Beat on Compression Volumes
Antero Midstream Corporation AM reported fourth-quarter 2023 adjusted earnings per share of 24 cents, which beat the Zacks Consensus Estimate of 21 cents. The bottom line also improved from the year-ago quarter’s level of 20 cents.
Total quarterly revenues of $260 million surpassed the Zacks Consensus Estimate of $249 million. The top line also increased from $242 million recorded in the year-ago quarter.
Such strong quarterly results were primarily driven by higher compression and increased low pressure gathering volumes.