Share Repurchase Program
On February 14, 2024, Antero Midstream’s Board of Directors authorized a share repurchase program that allows the Company to repurchase up to $500 million of outstanding common stock. This represents approximately 9% of Antero Midstream’s market capitalization based on the current share price.
The shares may be repurchased from time to time in open market transactions, through privately negotiated transactions or by other means in accordance with federal securities laws. The timing, as well as the number and value of shares repurchased under the program, will be determined by the Company at its discretion and will depend on a variety of factors, including the market price of the Company’s common stock, general market and economic conditions and applicable legal requirements. The exact number of shares to be repurchased by the Company is not guaranteed and the program may be suspended, modified, or discontinued at any time without prior notice.
