2024-03-24 09:04:10 ET
Summary
- Antero Midstream management is considering a dividend increase in the future after the debt ratio goes below 3.0. That should be soon.
- The parent company runs the midstream very conservatively with one of the lowest debt ratios in the midstream business.
- Free cash flow has grown far more rapidly than the market anticipated.
- Investors can expect steady single digit growth augmented by opportunistic acquisitions in the future.
- A $500 million share repurchase program was announced.
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Antero Midstream: A Dividend Increase May Enter The Room