Capital Markets | Capex Increase
Antero Midstream Up CapEx; Cites Increase Water Demand From Mega Fracs
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Antero Midstream Partners LP announced increased 2016 guidance.
Highlights Include: Increased net income guidance by $35 to $40 million to a range of $205 - $225 million The increase in guidance is primarily due to an increase in expected fresh water delivery volumes to Antero Resources driven by higher proppant intensity requirements for advanced completions as well as increased gathering and compression throughput. Increased 2016 adjusted EBITDA guidance by $35 to $40 million to a range of $365 - $385 million Increased 2016 distributable cash flow guidance by $35 to $40 million to a range of $315 - $335 million Maintained previous 2016 year-over-year distribution growth guidance of 30% and capital expenditure guidance of $480 million Increased 2016 GuidanceAntero Midstream is…
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