Antero Midstream Partners LP (AM)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 5,737,620 | 5,758,710 | 5,752,880 | 5,770,530 | 5,791,320 | 5,563,820 | 5,585,500 | 5,580,590 | 5,544,000 | 5,533,630 | 5,540,740 | 5,546,760 | 5,610,910 | 5,673,500 | 5,715,060 | 5,781,360 | 6,282,880 | 6,445,500 | 6,769,010 | 6,668,430 |
| Operating ROA | 10.66% | 10.42% | 10.01% | 9.68% | 9.32% | 9.42% | 9.45% | 9.87% | 10.02% | 9.79% | 9.96% | 9.65% | -2.10% | -7.49% | -15.94% | -16.06% | -6.34% | -3.38% | 1.56% | -0.36% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $611,862K ÷ $5,737,620K
= 10.66%
Antero Midstream Corp has displayed a consistent improvement in its operating return on assets (operating ROA) over the quarters provided. From Q1 2022 to Q4 2023, the company has seen a gradual increase in its operating ROA, indicating the company's ability to generate earnings from its assets. The figures have been relatively stable, with a range between 9.35% and 10.79% over the period analyzed. This suggests that the company is efficiently utilizing its assets to generate operating income, which is a positive indicator of operational performance. The trend of increasing operating ROA reflects positively on Antero Midstream Corp's operational efficiency and overall financial health.
Peer comparison
Dec 31, 2023