Antero Midstream reports record performance in 2020
The company achieved a 17% return on invested capital and generated $850 million in Adjusted EBITDA while reducing its capital budget.
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The company achieved a 17% return on invested capital and generated $850 million in Adjusted EBITDA while reducing its capital budget.
The company completed major financing rounds raising billions and secured regulatory permits for Train 6 while advancing commissioning activities across multiple trains at the Texas facility.
Net income reached $639 million, while the entity tightened full-year distribution guidance to $3.30-$3.40 per unit.
Refining drove results with $6 billion profit. Midstream and chemicals earnings declined. The company returned $2.8 billion to shareholders.
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