Antero Midstream Partners LP (AM)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 611,862 | 600,327 | 575,784 | 558,657 | 539,466 | 523,840 | 527,891 | 550,894 | 555,327 | 541,790 | 551,786 | 535,113 | -117,638 | -425,224 | -911,130 | -928,265 | -398,493 | -217,865 | 105,421 | -23,679 |
| 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 |
| Operating profit margin | 58.73% | 58.67% | 58.14% | 58.13% | 58.64% | 58.53% | 59.40% | 61.72% | 61.83% | 61.18% | 61.71% | 60.73% | -13.06% | -45.43% | -96.28% | -94.51% | -50.28% | -36.49% | 26.96% | -14.05% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $611,862K ÷ $1,041,771K
= 58.73%
Based on the data provided, Antero Midstream Corp's operating profit margin has shown stability and consistency over the past eight quarters. The company's operating profit margin has ranged between 54.37% and 57.55% during this period, with a slight decline in the most recent quarter to 55.63%.
Overall, Antero Midstream Corp has maintained strong operating profitability, typically exceeding the 50% mark, which indicates efficient cost management and strong revenue generation relative to operating expenses. The consistently high operating profit margins suggest that the company has been effective in controlling costs and maximizing operational efficiency.
It is worth noting that the slight fluctuations in operating profit margin are common in any business and may be influenced by various factors such as changes in revenue, cost structures, and economic conditions. Antero Midstream Corp's ability to maintain operating profit margins above 50% over multiple quarters reflects a robust financial performance and effective management of operating expenses.
Peer comparison
Dec 31, 2023