Antero Midstream Partners LP (AM)
Profitability ratios
Return on sales
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 66.09% | 65.96% | 66.27% | 66.55% | 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% |
| Operating profit margin | 59.59% | 59.05% | 59.37% | 59.34% | 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% |
| Pretax margin | 49.60% | 48.58% | 48.53% | 49.21% | 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% |
| Net profit margin | 36.24% | 36.16% | 36.19% | 36.67% | 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% |
The profitability ratios of Antero Midstream Partners LP have shown a significant improvement over the period analyzed. The gross profit margin has increased from negative percentages in early 2020 to consistently positive levels ranging from 65% to 66% by the end of 2024. This indicates a positive trend in the company's ability to generate profits after accounting for the cost of goods sold.
Similarly, the operating profit margin has also seen a steady improvement, turning from negative values to around 59% by the end of 2024. This demonstrates the company's efficiency in managing its operating expenses and generating profits from core business activities.
The pretax margin, which indicates the company's profitability before taxes, has also shown significant progress, increasing from negative values to close to 50% by the end of 2024. This suggests that the company has been able to enhance its operational efficiency and profitability over time.
Finally, the net profit margin, which reflects the percentage of revenue that translates into net income, has also seen a positive trajectory, reaching around 36% by the end of 2024. This improvement indicates that the company has been successful in controlling costs and increasing its bottom-line profitability.
Overall, the trend in profitability ratios for Antero Midstream Partners LP reflects a positive direction, with consistent improvements in gross profit margin, operating profit margin, pretax margin, and net profit margin over the period analyzed.
Return on investment
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 11.44% | 11.03% | 11.03% | 10.95% | 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% |
| Return on assets (ROA) | 6.96% | 6.75% | 6.72% | 6.77% | 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% |
| Return on total capital | 12.60% | 12.02% | 11.99% | 11.83% | 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% |
| Return on equity (ROE) | 18.95% | 18.32% | 18.25% | 18.10% | 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% |
Antero Midstream Partners LP's profitability ratios have shown a consistent improvement over the past few years. The Operating Return on Assets (Operating ROA) increased steadily from negative levels at the beginning of the period to reach around 11.44% by the end of December 2024. This indicates that the company has been able to generate more operating income from its assets over time.
Similarly, the Return on Assets (ROA) also showed an upward trend, starting from negative values and climbing to approximately 6.96% by December 2024. This suggests that Antero Midstream Partners LP has been more efficient in generating profits from its total assets.
The Return on Total Capital increased consistently from negative figures to about 12.60% by December 2024. This indicates that the company has been successful in generating returns for both debt and equity holders.
Moreover, the Return on Equity (ROE) witnessed a notable improvement, progressing from negative values to approximately 18.95% by December 2024. This indicates that the company has been increasingly efficient in utilizing shareholder equity to generate profits.
Overall, Antero Midstream Partners LP has demonstrated a positive trajectory in its profitability ratios, reflecting improved operational efficiency and better utilization of assets and capital, ultimately leading to enhanced returns for investors.