Antero Midstream Partners LP (AM)

Pretax 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
Earnings before tax but after interest (EBT) (ttm) US$ in thousands 500,073 484,250 464,119 453,806 443,736 435,449 442,468 445,382 448,740 440,190 459,314 470,968 -178,215 -489,666 -981,900 -1,002,569 -457,580 -217,037 161,055 82,474
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
Pretax margin 48.00% 47.33% 46.86% 47.22% 48.23% 48.66% 49.79% 49.90% 49.96% 49.71% 51.37% 53.45% -19.79% -52.32% -103.76% -102.08% -57.73% -36.35% 41.19% 48.93%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $500,073K ÷ $1,041,771K
= 48.00%

The pretax margin of Antero Midstream Corp has shown relatively stable performance over the past several quarters, ranging from 43.74% to 46.24%. The company's ability to generate profits before accounting for taxes and other expenses is a key indicator of its operational efficiency and profitability. Despite some fluctuations, the pretax margin has generally remained strong, indicating effective cost management and operational performance. This consistency suggests that Antero Midstream Corp has been successful in maintaining healthy profit margins in a challenging operating environment.


Peer comparison

Dec 31, 2023