AR - Antero Midstream: The Income Conundrum

• This captive midstream has one of the strongest balance sheets in the business.
• The capital budget is fully funded from cash flow.
• The dividend was cut to fund the capital budget and opportunistically repurchase stock should there be cash to do so.
• The low visibility of the industry could mean a dividend increase may be on the table sooner rather than later.
• Lower worries about Antero Resources should also strengthen the price of the midstream common stock.

For further details see: