Antero Midstream Corp.'s board approved a program to repurchase up to $300 million of the company's common shares.

Under the buyback plan, Antero Midstream may repurchase shares from time to time until June 30, 2021, according to an Aug. 12 SEC filing. The program is not expected to materially affect the company's financial leverage profile.

Antero Midstream provides gathering, processing and other midstream services in West Virginia and Ohio to oil and gas producer Antero Resources Corp.