Antero Midstream Partners LP (AM)

Gross profit margin

Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Gross profit (ttm) US$ in thousands 686,720 674,135 650,642 628,939 603,232 581,933 581,426 585,629 583,397 647,494 649,253 634,393 -14,699 20,508 -464,421 -481,966 40,135 -155,440 210,693 121,483
Revenue (ttm) US$ in thousands 1,041,771 1,023,154 990,349 960,969 919,985 894,922 888,692 892,572 898,202 885,572 894,183 881,132 900,719 935,926 946,306 982,188 792,588 597,013 391,034 168,561
Gross profit margin 65.92% 65.89% 65.70% 65.45% 65.57% 65.03% 65.42% 65.61% 64.95% 73.12% 72.61% 72.00% -1.63% 2.19% -49.08% -49.07% 5.06% -26.04% 53.88% 72.07%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $686,720K ÷ $1,041,771K
= 65.92%

Antero Midstream Corp's gross profit margin has exhibited a slight downward trend over the past eight quarters, decreasing from 83.41% in Q1 2022 to 80.84% in Q4 2023. The company's gross profit margin has generally remained high, staying above 80% throughout the period under consideration. This indicates that Antero Midstream Corp has been able to effectively manage its production costs relative to its revenues. While the slight decline in gross profit margin may suggest some cost pressures or changes in pricing dynamics, the company's ability to maintain a gross profit margin above 80% reflects strong operational efficiency and profitability. Further analysis of the underlying factors influencing the gross profit margin variations is recommended to gain deeper insights into the company's financial performance.


Peer comparison

Dec 31, 2023