Annuncio • Jun 29
Antero Midstream Corporation(NYSE:AM) dropped from Russell 1000 Dynamic Index Antero Midstream Corporation(NYSE:AM) dropped from Russell 1000 Dynamic Index Annuncio • Apr 25
Antero Midstream Corporation, Annual General Meeting, Jun 03, 2026 Antero Midstream Corporation, Annual General Meeting, Jun 03, 2026. Annuncio • Feb 24
Infinity Natural Resources, Inc. (NYSE:INR) and Northern Oil and Gas, Inc. (NYSE:NOG) completed the acquisition of Utica Shale midstream assets from Antero Midstream Corporation (NYSE:AM) for approximately $470 million. Infinity Natural Resources, Inc. (NYSE:INR) and Northern Oil and Gas, Inc. (NYSE:NOG) entered into a definitive agreement to acquire Utica Shale midstream assets from Antero Midstream Corporation (NYSE:AM) for $400 million on December 5, 2025. The purchase price is subject to customary closing adjustments. Northern Oil and Gas, Inc. funded the acquisition with cash on hand, operating free cash flow and borrowings from NOG’s revolving credit facility.
The transactions were unanimously approved by the Antero Midstream Corporation's Board of Directors. The transaction is subject to the satisfaction of certain customary closing conditions, the expiration or termination of all waiting periods imposed under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and is expected to close in the first quarter of 2026. As on February 11, 2026, the transaction is expected to close by the end of February 2026
RBC Capital Markets, LLC acted as financial advisor for Antero Midstream Corporation. Ryan Maierson and Nick Dhesi of Latham & Watkins LLP acted as legal advisor to Antero Midstream Corporation.
Infinity Natural Resources, Inc. (NYSE:INR) and Northern Oil and Gas, Inc. (NYSE:NOG) completed the acquisition of Utica Shale midstream assets from Antero Midstream Corporation (NYSE:AM) for approximately $470 million on February 23, 2026. Under the terms of the transaction, the closing payment was $464.5 million in cash, which includes a $58.8 million deposit paid at signing. The closing payment is net of preliminary and customary purchase price adjustments and remains subject to post-closing settlements. Annuncio • Jan 15
Antero Midstream Corporation to Report Q4, 2025 Results on Feb 11, 2026 Antero Midstream Corporation announced that they will report Q4, 2025 results After-Market on Feb 11, 2026 Annuncio • Dec 09
Infinity Natural Resources, Inc. (NYSE:INR) and Northern Oil and Gas, Inc. (NYSE:NOG) entered into a definitive agreement to acquire Utica Shale midstream assets from Antero Midstream Corporation (NYSE:AM) for $400 million. Infinity Natural Resources, Inc. (NYSE:INR) and Northern Oil and Gas, Inc. (NYSE:NOG) entered into a definitive agreement to acquire Utica Shale midstream assets from Antero Midstream Corporation (NYSE:AM) for $400 million on December 5, 2025.
The transaction is subject to the satisfaction of certain customary closing conditions, the expiration or termination of all waiting periods imposed under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and is expected to close in the first quarter of 2026.
RBC Capital Markets, LLC acted as financial advisor for Antero Midstream Corporation. Annuncio • Apr 26
Antero Midstream Corporation, Annual General Meeting, Jun 04, 2025 Antero Midstream Corporation, Annual General Meeting, Jun 04, 2025. Annuncio • Apr 10
Antero Midstream Corporation to Report Q1, 2025 Results on Apr 30, 2025 Antero Midstream Corporation announced that they will report Q1, 2025 results After-Market on Apr 30, 2025 Annuncio • Feb 13
Antero Midstream Corporation Provides Earnings Guidance for the Full Year 2025 Antero Midstream Corporation provided earnings guidance for the full year 2025. For the year, the company expects Net Income of $445 million to $485 million,representing GAAP earnings of $0.92 to $1.00 per share. Annuncio • Jan 15
Antero Midstream Corporation Declares A Cash Dividend for the Fourth Quarter of 2024, Payable on February 12, 2025 The Board of Directors of Antero Midstream declared a cash dividend of $0.225 per share for the fourth quarter of 2024, or $0.90 per share on an annualized basis. The dividend will be payable on February 12, 2025 to stockholders of record as of January 29, 2025. Annuncio • Jan 14
Antero Midstream Corporation to Report Q4, 2024 Results on Feb 12, 2025 Antero Midstream Corporation announced that they will report Q4, 2024 results After-Market on Feb 12, 2025 New Risk • Nov 08
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €443k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (148% net debt to equity). Dividend is not well covered by earnings (111% payout ratio). Significant insider selling over the past 3 months (€443k sold). Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$0.21 (vs US$0.20 in 3Q 2023) Third quarter 2024 results: EPS: US$0.21 (up from US$0.20 in 3Q 2023). Revenue: US$287.5m (up 2.1% from 3Q 2023). Net income: US$99.6m (up 2.0% from 3Q 2023). Profit margin: 35% (in line with 3Q 2023). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year. Declared Dividend • Oct 14
Second quarter dividend of US$0.23 announced Shareholders will receive a dividend of US$0.23. Ex-date: 23rd October 2024 Payment date: 6th November 2024 Dividend yield will be 6.0%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (111% earnings payout ratio). However, it is covered by cash flows (74% cash payout ratio). The dividend has increased by an average of 25% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 24% to bring the payout ratio under control. EPS is expected to grow by 34% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: US$0.18 (vs US$0.18 in 2Q 2023) Second quarter 2024 results: EPS: US$0.18 (down from US$0.18 in 2Q 2023). Revenue: US$269.8m (down 2.2% from 2Q 2023). Net income: US$86.0m (down 1.0% from 2Q 2023). Profit margin: 32% (in line with 2Q 2023). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 37% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 15
First quarter dividend of US$0.23 announced Shareholders will receive a dividend of US$0.23. Ex-date: 24th July 2024 Payment date: 7th August 2024 Dividend yield will be 6.3%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (111% earnings payout ratio). However, it is covered by cash flows (69% cash payout ratio). The dividend has increased by an average of 25% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 23% to bring the payout ratio under control. EPS is expected to grow by 29% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Annuncio • Jul 11
Antero Midstream Corporation to Report Q2, 2024 Results on Jul 31, 2024 Antero Midstream Corporation announced that they will report Q2, 2024 results After-Market on Jul 31, 2024 Annuncio • May 03
Antero Midstream Corporation Raises Earnings Guidance for the Twelve Months Ended December 31, 2024 Antero Midstream Corporation raised earnings guidance for the twelve months ended December 31, 2024. For the period, the company expects Net Income to be in the range of $415 millions to $455 millions. Board Change • May 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. Independent Director Nancy Chisholm was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Apr 28
Antero Midstream Corporation, Annual General Meeting, Jun 05, 2024 Antero Midstream Corporation, Annual General Meeting, Jun 05, 2024, at 08:00 Mountain Standard Time. Agenda: To consider and Elect the three Class II members of Antero Midstream Corporation’s Board of Directors (the “Board”) named in this Proxy Statement to serve until Antero Midstream’s 2027 Annual Meeting of Stockholders; Ratify the appointment of KPMG LLP as Antero Midstream’s independent registered public accounting firm for the year ending December 31, 2024; Approve, on an advisory basis, the compensation of Antero Midstream’s named executive officers; and to discuss other matters. Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: US$0.22 (vs US$0.18 in 1Q 2023) First quarter 2024 results: EPS: US$0.22 (up from US$0.18 in 1Q 2023). Revenue: US$279.1m (flat on 1Q 2023). Net income: US$103.9m (up 20% from 1Q 2023). Profit margin: 37% (up from 31% in 1Q 2023). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Apr 15
Fourth quarter dividend of US$0.23 announced Shareholders will receive a dividend of US$0.23. Ex-date: 23rd April 2024 Payment date: 8th May 2024 Dividend yield will be 6.5%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (116% earnings payout ratio). However, it is covered by cash flows (73% cash payout ratio). The dividend has increased by an average of 25% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 29% to bring the payout ratio under control. EPS is expected to grow by 24% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Annuncio • Apr 11
Antero Midstream Corporation to Report Q1, 2024 Results on Apr 24, 2024 Antero Midstream Corporation announced that they will report Q1, 2024 results After-Market on Apr 24, 2024 Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: US$0.78 (vs US$0.68 in FY 2022) Full year 2023 results: EPS: US$0.78 (up from US$0.68 in FY 2022). Revenue: US$1.04b (up 5.2% from FY 2022). Net income: US$371.8m (up 14% from FY 2022). Profit margin: 36% (up from 33% in FY 2022). Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 20% per year and the company’s share price has also increased by 20% per year. Annuncio • Feb 16
Antero Midstream Corporation (NYSE:AM) announces an Equity Buyback for $500 million worth of its shares. Antero Midstream Corporation (NYSE:AM) announces a share repurchase program. Under the program, the company will repurchase up to $500 million worth of its common stock. Upcoming Dividend • Jan 16
Upcoming dividend of US$0.23 per share at 7.3% yield Eligible shareholders must have bought the stock before 23 January 2024. Payment date: 07 February 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.3%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (2.9%). Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: US$0.20 (vs US$0.18 in 3Q 2022) Third quarter 2023 results: EPS: US$0.20 (up from US$0.18 in 3Q 2022). Revenue: US$263.8m (up 14% from 3Q 2022). Net income: US$97.8m (up 16% from 3Q 2022). Profit margin: 37% (in line with 3Q 2022). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Oct 17
Upcoming dividend of US$0.23 per share at 7.2% yield Eligible shareholders must have bought the stock before 24 October 2023. Payment date: 08 November 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.2%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (2.6%). Reported Earnings • Jul 27
Second quarter 2023 earnings released: EPS: US$0.18 (vs US$0.17 in 2Q 2022) Second quarter 2023 results: EPS: US$0.18 (up from US$0.17 in 2Q 2022). Revenue: US$258.3m (up 4.7% from 2Q 2022). Net income: US$87.0m (up 9.8% from 2Q 2022). Profit margin: 34% (up from 32% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 18
Upcoming dividend of US$0.23 per share at 7.7% yield Eligible shareholders must have bought the stock before 25 July 2023. Payment date: 09 August 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.7%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.4%). Annuncio • Jul 13
Antero Midstream Corporation to Report Q2, 2023 Results on Jul 26, 2023 Antero Midstream Corporation announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Jul 26, 2023 Recent Insider Transactions • Jun 05
Insider recently sold €187k worth of stock On the 1st of June, Sheri Pearce sold around 20k shares on-market at roughly €9.55 per share. This transaction amounted to 50% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €2.9m. Insiders have been net sellers, collectively disposing of €2.9m more than they bought in the last 12 months. Recent Insider Transactions • May 08
Senior VP of Finance & Director recently sold €2.9m worth of stock On the 5th of May, Michael Kennedy sold around 300k shares on-market at roughly €9.50 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.7m more than they bought in the last 12 months. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: US$0.18 (vs US$0.17 in 1Q 2022) First quarter 2023 results: EPS: US$0.18 (up from US$0.17 in 1Q 2022). Revenue: US$277.1m (up 17% from 1Q 2022). Net income: US$86.4m (up 8.1% from 1Q 2022). Profit margin: 31% (down from 34% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 18
Upcoming dividend of US$0.23 per share at 8.5% yield Eligible shareholders must have bought the stock before 25 April 2023. Payment date: 10 May 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 8.5%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (1.7%). Recent Insider Transactions • Mar 16
Independent Lead Director recently bought €95k worth of stock On the 15th of March, David Keyte bought around 10k shares on-market at roughly €9.50 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €289k more in shares than they have sold in the last 12 months. Reported Earnings • Feb 17
Full year 2022 earnings released: EPS: US$0.68 (vs US$0.69 in FY 2021) Full year 2022 results: EPS: US$0.68 (down from US$0.69 in FY 2021). Revenue: US$990.7m (up 2.2% from FY 2021). Net income: US$325.7m (down 1.6% from FY 2021). Profit margin: 33% (down from 34% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Annuncio • Feb 17
Antero Midstream Corporation Provides Earnings Guidance for the Year 2023 Antero Midstream Corporation provided earnings guidance for the year 2023. The company is forecasting net income of $340 to $380 million. Upcoming Dividend • Jan 17
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 24 January 2023. Payment date: 08 February 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.9%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.2%). Annuncio • Dec 07
Antero Midstream Appoints Nancy Chisholm to the Board of Directors Antero Midstream Corporation announced that Nancy E. Chisholm has been appointed to its board of directors (the "Board") as a Class III director, effective as of December 5, 2022. Ms. Chisholm is an independent director under the director independence standards set forth in the rules and regulations of the Securities and Exchange Commission and the applicable listing standards of the New York Stock Exchange. Ms. Chisholm's appointment increases the size of the Board to nine directors, seven of whom are independent for service on the Board. Nancy Chisholm is a global business leader with over 25 years of experience with Fortune 500 companies and extensive experience in operational leadership and human resources. Nancy spent 20 years with Tyco International, most recently as President of Tyco Retail Solutions. Nancy led this business enterprise across sales, marketing, product development, manufacturing and operations supporting North America, Europe, Middle East, Africa, Asia and Latin America. Prior to this, Nancy served as Vice President of Human Resources for Tyco's ADT Security Solutions' global business unit. She executed several enterprise-wide initiatives focused on cultural transformation and alignment of rewards to drive best practices in employee engagement, talent management, succession planning, and executive compensation. Ms. Chisholm currently serves as a Board Director for History Colorado. She also serves on the Global Leadership Council for Colorado State University. She previously served on the Board of Trustees and as Interim President for Western Colorado University, where she is currently Chair for their capital campaign focused on strengthening academic excellence and competitiveness. Nancy earned her bachelor's degree in Business Administration from Western Colorado University and completed Duke University's Fuqua School of Management's Executive Leadership Program. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: US$0.18 (vs US$0.19 in 3Q 2021) Third quarter 2022 results: EPS: US$0.18 (down from US$0.19 in 3Q 2021). Revenue: US$248.7m (up 2.6% from 3Q 2021). Net income: US$84.0m (down 5.8% from 3Q 2021). Profit margin: 34% (down from 37% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 4.7% decline forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Oct 18
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 25 October 2022. Payment date: 09 November 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 8.9%. Within top quartile of German dividend payers (5.3%). Higher than average of industry peers (1.1%). Annuncio • Oct 13
Antero Midstream Corporation to Report Q3, 2022 Results on Oct 26, 2022 Antero Midstream Corporation announced that they will report Q3, 2022 results After-Market on Oct 26, 2022 Reported Earnings • Jul 28
Second quarter 2022 earnings released: EPS: US$0.17 (vs US$0.17 in 2Q 2021) Second quarter 2022 results: EPS: US$0.17 (down from US$0.17 in 2Q 2021). Revenue: US$228.9m (down 8.6% from 2Q 2021). Net income: US$79.4m (flat on 2Q 2021). Profit margin: 35% (up from 32% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is expected to shrink by 1.1% compared to a 141% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Annuncio • Jul 28
Antero Midstream Corporation Reports Impairment Charges for the Second Quarter Ended June 30, 2022 Antero Midstream Corporation reported impairment expense for the second quarter ended June 30, 2022. For the quarter, the company reported Impairment of property and equipment of $3,702,000. Upcoming Dividend • Jul 19
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 26 July 2022. Payment date: 10 August 2022. The company is paying out more than 100% of its profits and is paying out 98% of its cash flow. Trailing yield: 9.4%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (1.4%). Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €8.64, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 33% over the past three years. Recent Insider Transactions • May 06
CFO, VP of Finance & Treasurer recently bought €100k worth of stock On the 5th of May, Brendan Krueger bought around 10k shares on-market at roughly €10.03 per share. This was the largest purchase by an insider in the last 3 months. Brendan has been a buyer over the last 12 months, purchasing a net total of €219k worth in shares. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: US$0.17 (vs US$0.17 in 1Q 2021) First quarter 2022 results: EPS: US$0.17 (down from US$0.17 in 1Q 2021). Revenue: US$218.5m (down 9.6% from 1Q 2021). Net income: US$80.0m (down 3.9% from 1Q 2021). Profit margin: 37% (up from 35% in 1Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is expected to shrink by 3.5% compared to a 43% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 19
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 26 April 2022. Payment date: 11 May 2022. The company is paying out more than 100% of its profits and is paying out 99% of its cash flow. Trailing yield: 8.0%. Within top quartile of German dividend payers (3.9%). Higher than average of industry peers (5.0%). Reported Earnings • Feb 17
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: US$0.69 (up from US$0.26 loss in FY 2020). Revenue: US$898.2m (down 7.5% from FY 2020). Net income: US$331.6m (up US$454.7m from FY 2020). Profit margin: 37% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 3.5%, compared to a 67% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jan 18
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 25 January 2022. Payment date: 09 February 2022. The company is paying out more than 100% of its profits and is paying out 91% of its cash flow. Trailing yield: 8.4%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (4.1%). Recent Insider Transactions • Nov 23
Independent Director recently sold €69k worth of stock On the 18th of November, Brooks Klimley sold around 8k shares on-market at roughly €9.24 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €42k more than they sold in the last 12 months. Reported Earnings • Oct 29
Third quarter 2021 earnings released: EPS US$0.19 (vs US$0.22 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$224.8m (down 11% from 3Q 2020). Net income: US$89.3m (down 15% from 3Q 2020). Profit margin: 40% (down from 42% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Upcoming Dividend • Oct 19
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 26 October 2021. Payment date: 10 November 2021. Trailing yield: 7.9%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (3.6%). Recent Insider Transactions • Aug 27
CFO, VP of Finance & Treasurer recently bought €119k worth of stock On the 26th of August, Brendan Krueger bought around 15k shares on-market at roughly €7.93 per share. This was the largest purchase by an insider in the last 3 months. This was Brendan's only on-market trade for the last 12 months. Reported Earnings • Jul 29
Second quarter 2021 earnings released: EPS US$0.17 (vs US$0.18 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$232.8m (down 1.9% from 2Q 2020). Net income: US$80.2m (down 9.2% from 2Q 2020). Profit margin: 35% (down from 37% in 2Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 21% per year. Upcoming Dividend • Jul 20
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 27 July 2021. Payment date: 11 August 2021. Trailing yield: 9.6%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (4.1%). Executive Departure • May 01
President, Secretary & Director Glen Warren has left the company On the 30th of April, Glen Warren's tenure as President, Secretary & Director ended after 2.2 years in the role. As of December 2020, Glen personally held 6.84m shares (€42m worth at the time). A total of 2 executives have left over the last 12 months. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS US$0.17 (vs US$0.81 loss in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: US$224.1m (down 14% from 1Q 2020). Net income: US$83.4m (up US$476.5m from 1Q 2020). Profit margin: 37% (up from net loss in 1Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Apr 20
Upcoming dividend of US$0.23 per share Eligible shareholders must have bought the stock before 27 April 2021. Payment date: 12 May 2021. Trailing yield: 10%. Within top quartile of German dividend payers (3.1%). Higher than average of industry peers (4.6%). Is New 90 Day High Low • Mar 12
New 90-day high: €7.78 The company is up 14% from its price of €6.82 on 11 December 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.54 per share.