Antero Midstream Partners LP (AM)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 611,862 | 539,466 | 555,327 | -117,638 | -398,493 |
| Revenue | US$ in thousands | 1,041,770 | 919,985 | 898,202 | 900,719 | 792,588 |
| Operating profit margin | 58.73% | 58.64% | 61.83% | -13.06% | -50.28% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $611,862K ÷ $1,041,770K
= 58.73%
The operating profit margin of Antero Midstream Corp has shown a generally positive trend over the past five years, with fluctuations within a relatively narrow range. The margin was highest in 2021 at 58.21% and lowest in 2019 at 43.73%. The company has consistently maintained a strong operating profit margin, with the latest figure for 2023 standing at 55.63%. This steady performance indicates efficient cost management and operational effectiveness, allowing the company to generate a high percentage of operating profit relative to its total revenue. Overall, the operating profit margin analysis suggests that Antero Midstream Corp has been successful in controlling costs and optimizing its operations in recent years.
Peer comparison
Dec 31, 2023