Antero Midstream: Steady Course with Increasing Dividend Yield

Antero Midstream Corporation, a midstream company focused on the development and operation of energy infrastructure in the Appalachian Basin in West Virginia and Ohio, will announce its Q3 2024 results on October 23. Wall Street analysts expect earnings per share (EPS) of $0.24, a slight increase from the previous year's $0.23. According to data from Benzinga Pro, quarterly revenue is projected to be $274.36 million, compared to $263.84 million in the same period last year. Antero Midstream's stock has traded within a range of $11.50 to $15.21 over the past 52 weeks. With a dividend yield of 6.17%, the company paid $0.90 per share as dividends in the past twelve months. On July 31, Antero Midstream reported its Q2 2024 results. The company achieved an adjusted EPS of $0.23, exceeding the consensus estimate of $0.22; revenue amounted to $269.795 million, nearly meeting expectations of $269.801 million. Paul Rady, Chairman and CEO, emphasized the significance of a strategic acquisition that increased throughput volumes from the primary customer Antero Resources. This acquisition supports Antero Midstream's business model, which relies on consistent free cash flow after dividends, up 41% year-over-year. For income-oriented investors, Antero Midstream can be an attractive investment. For instance, approximately 1,333 shares of the company are required to generate a monthly income of $100, based on a share price of $14.59 and a dividend yield of 6.17%. The current high-interest-rate phase offers remarkable opportunities for income-oriented investors, not only through dividends but also through investments in the private real estate market. An example is the Ascent Income Fund by EquityMultiple, which offers a historical distribution yield of 12.1% and is secured by real assets. New investors can participate with a minimum amount of $5,000 and receive a 1% yield bonus on their first investment as Benzinga readers. Investors are invited to take advantage of these opportunities and consider the high-yield offerings suggested by Benzinga.