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