Antero Midstream Partners LP (AM)
Net 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net income (ttm) | US$ in thousands | 371,786 | 354,132 | 340,326 | 332,709 | 326,242 | 322,075 | 327,388 | 328,216 | 331,617 | 329,449 | 345,629 | 353,847 | -122,527 | -343,544 | -738,528 | -757,695 | -355,114 | -192,886 | 114,021 | 58,628 |
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 |
Net profit margin | 35.69% | 34.61% | 34.36% | 34.62% | 35.46% | 35.99% | 36.84% | 36.77% | 36.92% | 37.20% | 38.65% | 40.16% | -13.60% | -36.71% | -78.04% | -77.14% | -44.80% | -32.31% | 29.16% | 34.78% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $371,786K ÷ $1,041,771K
= 35.69%
The net profit margin for Antero Midstream Corp has been relatively stable over the past eight quarters, ranging from 32.02% to 34.07%. The company has consistently maintained a strong profitability ratio, with the highest margin recorded in Q2 2022 at 34.07%. Despite a slight decrease in Q4 2023 to 33.37%, the company continues to demonstrate its ability to generate earnings relative to its revenue. This trend indicates that Antero Midstream Corp has been effectively managing its costs and expenses to maximize its bottom line profitability.
Peer comparison
Dec 31, 2023
Company name
Symbol
Net profit margin
Antero Midstream Partners LP
AM
35.69%
DT Midstream Inc
DTM
41.65%
Kinder Morgan Inc
KMI
15.59%
Targa Resources Inc
TRGP
8.38%
Williams Companies Inc
WMB
29.15%