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DENVER , Oct. 11, 2023 /PRNewswire/ -- Antero Midstream Corporation (NYSE: AM) ("Antero Midstream") today announced that the Board of Directors of Antero Midstream declared a cash dividend of $0.225 per share for the third quarter of 2023. In addition, Antero Midstream announced plans to issue their third quarter 2023 earnings on Wednesday, October 25, 2023 after the close of trading on the New York Stock Exchange.

The U.S. has shifted from being a net consumer of energy to a net producer, creating opportunities for income investors. Natural gas production has played a significant role in the increase in US energy production. The electrification of the economy and the retirement of coal-fired power plants have created a massive opportunity for natural gas as an electricity-generating fuel.

U.S. energy production has significantly increased in the past 15 years, with a shift towards becoming an oil exporter and increased natural gas, solar, and wind production. The increase in energy production has not been driven by demand, as energy consumption has remained relatively stable. The shift towards energy independence has positive implications for the U.S. economy, including reducing the trade deficit, strengthening the dollar, and enhancing national security.

Antero Midstream boosted its 2023 free cash flow expectations by $35 million. It is benefiting from production outperformance from Antero Resources. Cost savings (from rebate fees and capex) may improve its 2024 free cash flow by another $80 million to $650 million before dividends.

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Antero Midstream is benefiting from the solid operating efficiencies of its parent, Antero Resources, as the E&P's volumes increase. AM stock remains one of the cheapest in the G&P midstream space. AM's strong volume growth and cost-saving measures position it for strong free cash flow and a potential distribution hike in 2024.

Antero Midstream Corporation is a high-yield stock with a current yield of 7.5% and potential for more than 10% yield in the future. AM is a midstream energy company with stable revenue streams from fixed-fee contracts and limited exposure to commodity price risks. The company is expected to increase its dividend in 2024 and has a strong balance sheet, making it an attractive income play in the energy sector.

Antero Midstream Corporation (AM) reported earnings 30 days ago. What's next for the stock?

If history is any guide, buying dividend stocks is the best thing you can do with your cash. Income-generating stocks outperform those that don't pay a dividend by a wide margin.