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AMBearishEarningsnews
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Why Is Antero Midstream (AM) Up 1.3% Since Last Earnings Report?

May 24, 2024, 12:41 PM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

- Antero Midstream reported Q1 earnings meeting estimates, with revenues surpassing expectations. - Increases in compression and gathering volumes drove in-line earnings and higher revenues. - The company reiterated adjusted EBITDA and free cash flow guidance for 2024. - Estimates have been trending downward, leading to a Zacks Rank #5 (Strong Sell). - Antero Midstream's stock has an aggregate VGM score of C. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • Antero Midstream reported Q1 earnings meeting estimates, with revenues surpassing expectations.
  • Increases in compression and gathering volumes drove in-line earnings and higher revenues.
  • The company reiterated adjusted EBITDA and free cash flow guidance for 2024.
  • Estimates have been trending downward, leading to a Zacks Rank #5 (Strong Sell).
  • Antero Midstream's stock has an aggregate VGM score of C.

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