Antero Midstream Partners LP (AM)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 659,166 | 637,112 | 636,998 | 629,768 | 611,862 | 600,327 | 575,784 | 558,657 | 539,466 | 523,840 | 527,891 | 550,894 | 555,327 | 541,790 | 551,786 | 535,113 | -117,638 | -425,224 | -911,130 | -928,265 |
| Long-term debt | US$ in thousands | 3,116,960 | 3,171,660 | 3,186,580 | 3,174,870 | 3,213,220 | 3,258,540 | 3,306,670 | 3,331,320 | 3,361,280 | 3,143,170 | 3,157,970 | 3,133,180 | 3,122,910 | 3,095,560 | 3,087,730 | 3,103,430 | 3,091,630 | 3,121,820 | 3,088,780 | 3,103,760 |
| Total stockholders’ equity | US$ in thousands | 2,115,170 | 2,129,900 | 2,127,090 | 2,150,380 | 2,151,730 | 2,151,140 | 2,153,040 | 2,175,480 | 2,192,320 | 2,211,860 | 2,230,120 | 2,259,950 | 2,286,700 | 2,312,590 | 2,328,440 | 2,356,870 | 2,418,290 | 2,485,490 | 2,523,180 | 2,588,960 |
| 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% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $659,166K ÷ ($3,116,960K + $2,115,170K)
= 12.60%
Antero Midstream Partners LP's return on total capital experienced a declining trend from -16.31% as of March 31, 2020, reaching its lowest point at -2.14% by December 31, 2020. However, the return on total capital started improving from March 31, 2021, showing an upward trajectory consistently through the end of 2024, with figures ranging from 9.71% to 12.60%. This indicates that the company's ability to generate returns from its total capital has significantly improved over the analyzed period, showing a positive trend in its financial performance.
Peer comparison
Dec 31, 2024