The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Naomi Marfatia - UBS - Analyst
: Hi, good morning. Thanks for taking my questions. My first question is relating to data centers. Can you talk about AR plans as it relates to future
data center deals and how does that translate into AM?
Question: Naomi Marfatia - UBS - Analyst
: Great, thanks. And my second question is relating to AR's increased production guide. Just wanted to understand if AR could return to higher
activity levels in 2025 and if AR could possibly assume that will go activity going forward?
Question: Naomi Marfatia - UBS - Analyst
: Great, thanks. I'll leave it there. Have a great rest of your day.
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FEBRUARY 13, 2025 / 5:00PM, AM.N - Q4 2024 Antero Midstream Corp Earnings Call
Question: Noah Katz - JPMorgan - Analyst
: Hey, this is Noah Katz on for Jeremy. Thanks for the question. First, I want to touch on the recent disclosures on the Veolia lawsuit. Can you provide
any more details on the events in December and where AM is in the process? And then with the $19 million you received for attorneys' fees and
costs, what can we expect AM to use this inflow of cash for? Can we expect higher buybacks throughout 2025 with the increase in cash? Thanks.
Question: Noah Katz - JPMorgan - Analyst
: Sounds good, thanks for that. And maybe as a follow-up, just to get a bit deeper on the $85 million invested in water infrastructure in '25. Can you
provide more details on this integrated water system in the Marcellus you're building? And what specific cost efficiencies you guys can benefit
from? I don't know if you guys can provide any numbers around that at all. Thank you.
Question: Noah Katz - JPMorgan - Analyst
: Thank you.
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FEBRUARY 13, 2025 / 5:00PM, AM.N - Q4 2024 Antero Midstream Corp Earnings Call
Question: Olivia Halferty - Goldman Sachs - Analyst
: Hey, good morning. Thank you for taking our questions. Maybe we'll stay on water for a moment. AM's water well service stepped up meaningfully
in the quarter and the full year '25 guidance range implies continued growth here. Wondering if we can walk through drivers of the sequential and
Question: Olivia Halferty - Goldman Sachs - Analyst
: Got it. That's helpful color. And maybe pivoting to capital allocation, particularly on the back of the solid free cash flow outlook. How should we
think about potentially accretive M&A competing with additional buybacks versus further potential deleveraging?
And then maybe on buybacks specifically, is there any way to frame up the right run rate of buybacks to trend under the $500 million authorization
versus the $29 million executed this quarter?
Question: Olivia Halferty - Goldman Sachs - Analyst
: Got it, super helpful. I'll leave it there. Thanks.
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