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 | ||
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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
Company name
Symbol
Pretax margin
Antero Midstream Partners LP
AM
48.00%
DT Midstream Inc
DTM
52.93%
Kinder Morgan Inc
KMI
20.26%
Targa Resources Inc
TRGP
10.64%
Williams Companies Inc
WMB
38.36%