Antero midstream reports q3 adjusted earnings per share of $0.39

Antero midstream reports third quarter 2019 financial and operating results.q3 adjusted earnings per share $0.39.q3 loss per share $0.57.q3 earnings per share estimate $0.21 -- refinitiv ibes data.q3 revenue $244 million versus refinitiv ibes estimate of $266.1 million.announced plans to target a drilling and completion budget in 2020 of $1.15 to $1.2 billion.revising 2019 capital budget down to a range of $665 to $685 million.revising 2019 gaap net income guidance from a range of $305 to $365 million to a net loss range of $55 million to $45 million.antero midstream - revising 2019 adjusted ebitda guidance from a range of $870 to $920 million to a range of $840 to $850 million.antero midstream - revising 2019 distributable cash flow guidance from a range of $680 to $730 to a range of $655 to $665 million.antero midstream - reduction in 2019 adjusted ebitda, distributable cash flow guidance driven by reduced wastewater volume in year, idling of antero clearwater facility.targeting 110 to 120 completions in 2020, with average lateral length of 12,100 feet.antero midstream - targeting 2020 capital program of about $375 to $425 million, or 40% decrease compared to midpoint of revised 2019 capital budget.low pressure gathering volumes for q3 of 2019 averaged 2,698 mmcf/d, a 25% increase as compared to prior year quarter.high pressure gathering volumes for q3 of 2019 averaged 2,662 mmcf/d, a 23% increase over q3 of 2018.
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