Antero Midstream Corporation (AM) Q3 2024 Earnings Conference Call Transcript

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Q3: 2024-10-30 Earnings Summary

EPS of $0.21 misses by $0.01
 | Revenue of $269.87M (2.29% Y/Y) misses by $2.31M

Antero Midstream Corporation (NYSE:AM) Q3 2024 Earnings Conference Call October 31, 2024 ET

Company Participants

Justin Agnew - VP of Finance and IR
Paul Rady - Chairman, CEO and President of Antero Resources and Antero Midstream
Brendan Krueger - CFO of Antero Midstream

Conference Call Participants

Noah Katz - J.P. Morgan Chase & Co.
Naomi Marfatia - UBS
John Mackay - Goldman Sachs

Operator

Greetings and welcome to Antero Midstream Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation [Operator Instructions]. As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Mr. Justin Agnew, Vice President of Finance and Investment Relations. Thank you, Mr. Agnew. You may begin.

Justin Agnew

Good morning, and thank you for joining us for Antero Midstream's third quarter investor conference call. We'll spend a few minutes going through the financial and operating highlights, and then we'll open it up for Q&A. I would also like to direct you to the homepage of our website at www.anteromidstream.com where we have provided a separate earnings call presentation that will be reviewed during today's call.

Today's call may also contain certain non-GAAP financial measures. Please refer to our earnings press release for important disclosures regarding such measures, including reconciliations to the most comparable GAAP financial measures. Joining me on the call today are Paul Rady, Chairman, CEO, and President of Antero Resources and Antero Midstream, Brendan Krueger, CFO of Antero Midstream, and Michael Kennedy, CFO of Antero Resources and Director of Antero Midstream.

With that, I'll turn the call over to Paul.

Paul Rady

Thanks, Justin, and good morning, everyone. In my comments, I will discuss AM's 2024 capital budget, as well as AR's peer-leading free cash flow breakevens, supported by strong

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