Antero Midstream Partners LP (AM)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	400,892	390,150	388,230	389,205	371,786	354,132	340,326	332,709	326,242	322,075	327,388	328,216	331,617	329,449	345,629	353,847	-122,527	-343,544	-738,528	-757,695
Total assets	US$ in thousands	5,761,750	5,777,450	5,774,970	5,749,240	5,737,620	5,758,710	5,752,880	5,770,530	5,791,320	5,563,820	5,585,500	5,580,590	5,544,000	5,533,630	5,540,740	5,546,760	5,610,910	5,673,500	5,715,060	5,781,360
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%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $400,892K ÷ $5,761,750K
= 6.96%

The return on assets (ROA) for Antero Midstream Partners LP has been gradually improving over the past few years, indicating a positive trend in its asset utilization efficiency. The ROA was negative in the first half of 2020, which may have been influenced by external factors impacting the company's performance.

From March 31, 2021, onwards, the ROA turned positive and continued to increase steadily, reaching 6.96% by December 31, 2024. This improvement suggests that the company has been effectively generating profits relative to its total assets.

The consistent increase in ROA implies that Antero Midstream Partners LP has been efficiently utilizing its assets to generate earnings, which is a positive indicator of the company's operational performance. This trend is encouraging for investors and stakeholders as it demonstrates the company's ability to generate returns from its investments.