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Antero Midstream (Antero Midstream) EBIT : $738 Mil (TTM As of Mar. 2024)


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What is Antero Midstream EBIT?

Antero Midstream's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $194 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $738 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Antero Midstream's annualized ROC % for the quarter that ended in Mar. 2024 was 8.74%. Antero Midstream's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 20.44%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Antero Midstream's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 7.38%.


Antero Midstream EBIT Historical Data

The historical data trend for Antero Midstream's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Antero Midstream EBIT Chart

Antero Midstream Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only -347.18 -31.21 624.02 633.68 717.32

Antero Midstream Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 172.80 171.50 189.71 183.31 193.72

Competitive Comparison of Antero Midstream's EBIT

For the Oil & Gas Midstream subindustry, Antero Midstream's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Antero Midstream's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Antero Midstream's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Antero Midstream's EV-to-EBIT falls into.



Antero Midstream EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $738 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Antero Midstream  (NYSE:AM) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Antero Midstream's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=665.004 * ( 1 - 25.99% )/( (5647.321 + 5616.71)/ 2 )
=492.1694604/5632.0155
=8.74 %

where

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5749.241 - 106.443 - ( 26.088 - max(0, 107.319 - 133.688+26.088))
=5616.71

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Antero Midstream's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=774.888/( ( (3793.523 + max(-5.355, 0)) + (3788.559 + max(0.28099999999998, 0)) )/ 2 )
=774.888/( ( 3793.523 + 3788.84 )/ 2 )
=774.888/3791.1815
=20.44 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(89.562 + 0 + 1.5) - (95.586 + 0 + 0.831)
=-5.355

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(105.789 + 0 + 1.811) - (106.443 + 0 + 0.876)
=0.28099999999998

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Antero Midstream's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=738.239/9996.844
=7.38 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Antero Midstream EBIT Related Terms

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Antero Midstream (Antero Midstream) Business Description

Traded in Other Exchanges
Address
1615 Wynkoop Street, Denver, CO, USA, 80202
Antero Midstream Corp is a midstream company that owns, operates, and develops midstream energy infrastructure services and production activity in the Appalachian Basin's Marcellus Shale and Utica Shale located in West Virginia and Ohio. The company has two operating segments; the Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collect and process production from Antero Resources wells in West Virginia and Ohio and the Water Handling segment includes two independent systems that deliver water from sources including the Ohio River, local reservoirs and several regional waterways. It derives a majority of its revenue from the Gathering and Processing segment.
Executives
Janine J Mcardle director 9337B KATY FREEWAY, #155, HOUSTON TX 77024
Brooks J Klimley director
Sheri Pearce officer: See Remarks 1615 WYNKOOP ST., DENVER CO 80202
Michael N. Kennedy officer: Chief Financial Officer 707 - 17TH STREET, SUITE 3600, DENVER CO 80202
David H Keyte director 1615 WYNKOOP STREET, DENVER CO 80902
Nancy Chisholm director 1615 WYNKOOP STREET, DENVER CO 80202
Keenan W Howard Jr director 410 PARK AVENUE, 20TH FLOOR, NEW YORK NY 10022
Brendan E. Krueger officer: See Remarks 1615 WYNKOOP STREET, DENVER CO 80202
Yvette K Schultz officer: See Remarks 1615 WYNKOOP STREET, DENVER CO 80202
Paul M Rady director, officer: Chairman & CEO 1625 17TH STREET, DENVER CO 80202
Warren Glen C Jr director, officer: President & Secretary 1625 17TH STREET, DENVER CO 80202
K. Phil Yoo officer: VP-Accounting, CAO 1625 17TH STREET, DENVER CO 80202
Warburg Pincus Private Equity X O&g, L.p. director, 10 percent owner C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Peter Kagan director C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Yorktown Energy Partners Viii, L.p. director, 10 percent owner 410 PARK AVENUE, 20TH FLOOR, NEW YORK NY 10022