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