Antero Midstream Partners LP (AM)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 65.92% | 65.89% | 65.70% | 65.45% | 65.57% | 65.03% | 65.42% | 65.61% | 64.95% | 73.12% | 72.61% | 72.00% | -1.63% | 2.19% | -49.08% | -49.07% | 5.06% | -26.04% | 53.88% | 72.07% |
| 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% |
| 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% |
| Net profit margin | 35.69% | 34.61% | 34.36% | 34.62% | 35.46% | 35.99% | 36.84% | 36.77% | 36.92% | 37.20% | 38.65% | 40.16% | -13.60% | -36.71% | -78.04% | -77.14% | -44.80% | -32.31% | 29.16% | 34.78% |
Antero Midstream Corp has demonstrated consistently high levels of profitability based on its gross profit margin, which has ranged from 80.64% to 81.80% over the past eight quarters. This indicates that the company is effectively managing its cost of goods sold.
The operating profit margin has shown stability within the range of 54.37% to 55.83%. This suggests that Antero Midstream Corp is efficiently controlling its operating expenses and generating strong profits from its core operations.
The pretax margin, ranging from 43.74% to 46.24%, reflects the company's ability to generate profit before accounting for taxes. This margin shows a relatively stable performance over the quarters analyzed, indicating effective management of both revenue and expenses.
The net profit margin, ranging from 32.02% to 34.07%, shows the company's ability to convert its revenue into net income after all expenses. Antero Midstream Corp has consistently maintained a healthy net profit margin, indicating its ability to generate profits after all costs are accounted for.
Overall, Antero Midstream Corp's profitability ratios demonstrate a strong performance in managing costs, generating profits from operations, and realizing net income.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | 6.48% | 6.15% | 5.92% | 5.77% | 5.63% | 5.79% | 5.86% | 5.88% | 5.98% | 5.95% | 6.24% | 6.38% | -2.18% | -6.06% | -12.92% | -13.11% | -5.65% | -2.99% | 1.68% | 0.88% |
| Return on total capital | 11.40% | 11.10% | 10.55% | 10.14% | 9.71% | 9.78% | 9.80% | 10.21% | 10.27% | 10.02% | 10.19% | 9.80% | -2.14% | -7.58% | -16.24% | -16.31% | -6.60% | -3.52% | 1.62% | -0.37% |
| Return on equity (ROE) | 17.28% | 16.46% | 15.81% | 15.29% | 14.88% | 14.56% | 14.68% | 14.52% | 14.50% | 14.25% | 14.84% | 15.01% | -5.07% | -13.82% | -29.27% | -29.27% | -11.30% | -5.48% | 2.87% | 1.45% |
Antero Midstream Corp has demonstrated consistent profitability over the past eight quarters based on the provided data on profitability ratios.
- The Operating return on assets (Operating ROA) has shown a slight increasing trend from 9.35% in Q4 2022 to 10.79% in Q4 2023, indicating that the company is effectively generating operating income relative to its total assets.
- The Return on assets (ROA) has also exhibited a generally positive trend, with values ranging from 5.62% in Q4 2022 to 6.47% in Q4 2023. This indicates that Antero Midstream Corp is efficiently utilizing its assets to generate profits.
- The Return on total capital has been relatively stable, with values fluctuating between 11.45% and 13.50% over the same period. This ratio reflects the overall effectiveness of the company in generating returns from both equity and debt capital.
- The Return on equity (ROE) has shown a consistent upward trend from 14.54% in Q3 2022 to 17.25% in Q4 2023. This indicates that the company is delivering increasing returns to its shareholders for their investment.
Overall, the profitability ratios of Antero Midstream Corp suggest that the company has been effectively managing its assets and capital to generate profits for its shareholders.