Janine McArdle, Director of Antro Midstream Corporation (NYSE: ), recently purchased additional shares in the company. The $7.18 billion midstream operator, which boasts a robust 6.05% dividend yield and has maintained dividend payouts for 8 consecutive years, has delivered an impressive 26.68% return year-to-date. According to a recent SEC filing, McArdle acquired 1,174 shares of Antro Midstream's common stock at a price of $15.11 per share. The transaction, completed on December 13, 2024, amounts to a total investment of $17,739. After this acquisition, McArdle owns 68,320 shares in the company. Accordingly Investment ProfThe stock is currently trading near its 52-week high, with additional insights available in the comprehensive pro research report.

In more recent news, Antro Midstream Partners LP experienced a slight decline in its third-quarter performance, primarily due to a lower contribution from water. Goldman Sachs adjusted its outlook on the company, lowering the price target to $14.50 from the previous $15.00, while maintaining a neutral rating. Despite these challenges, Antero Midstream has held steady its EBITDA guidance for the year, forecasting between $1,035 million and $1,075 million. However, potential incremental deferrals from their sponsor, Antro Resources (NYSE: ) could affect their water share.

The company's third quarter results also showed a 2% year-over-year increase in EBITDA to $256 million and a 32% increase in free cash flow after dividends of $40 million. Antro Midstream's management is committed to reducing debt, expecting capital expenditures to decline in the fourth quarter of 2024. Tory's Peak Compressor Station is progressing as planned, and strong international LPG prices are positively impacting the company's financial position. These are recent developments and do not serve as a comprehensive view of the company.

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