Antero Midstream Partners LP (AM)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 371,786 | 326,242 | 331,617 | -122,527 | -355,114 |
| Total stockholders’ equity | US$ in thousands | 2,151,730 | 2,192,320 | 2,286,700 | 2,418,290 | 3,143,410 |
| ROE | 17.28% | 14.88% | 14.50% | -5.07% | -11.30% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $371,786K ÷ $2,151,730K
= 17.28%
Antero Midstream Corp's return on equity (ROE) has shown a positive trend over the past five years, increasing from -11.31% in 2019 to 17.25% in 2023. This improvement indicates that the company has been more effective in generating profits from shareholders' equity during this period. The significant increase in ROE demonstrates that the company's profitability and efficiency in utilizing its equity capital have strengthened over time. It is evident that Antero Midstream Corp has been able to enhance its financial performance and create more value for its shareholders in recent years.
Peer comparison
Dec 31, 2023
Company name
Symbol
ROE
Antero Midstream Partners LP
AM
17.28%
DT Midstream Inc
DTM
9.28%
Kinder Morgan Inc
KMI
7.89%
Targa Resources Inc
TRGP
49.13%
Williams Companies Inc
WMB
25.63%