Antero Midstream Partners LP (AM)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 548,621 | 500,073 | 443,736 | 448,740 | -178,215 |
| Revenue | US$ in thousands | 1,106,190 | 1,041,770 | 919,985 | 898,202 | 900,719 |
| Pretax margin | 49.60% | 48.00% | 48.23% | 49.96% | -19.79% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $548,621K ÷ $1,106,190K
= 49.60%
Based on the provided data, Antero Midstream Partners LP's pretax margin has varied significantly over the years. The pretax margin was negative at -19.79% as of December 31, 2020, indicating that the company's expenses exceeded its revenues before accounting for taxes. However, there was a remarkable turnaround in the following years, with the pretax margin improving to 49.96% as of December 31, 2021, and maintaining a strong performance at 48.23% as of December 31, 2022, 48.00% as of December 31, 2023, and 49.60% as of December 31, 2024.
This positive trend in pretax margin suggests that Antero Midstream Partners LP has successfully managed its costs and generated higher profits relative to its revenue over the years. It indicates an improvement in the company's operational efficiency and profitability, which could be attributed to factors such as cost control measures, revenue growth, or strategic investments. Overall, the increasing pretax margin reflects positively on the financial health and performance of Antero Midstream Partners LP during the period under review.
Peer comparison
Dec 31, 2024