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Antero Midstream (Antero Midstream) Net Income : $389 Mil (TTM As of Mar. 2024)


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What is Antero Midstream Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Antero Midstream's Net Income for the three months ended in Mar. 2024 was $104 Mil. Its Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was $389 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Antero Midstream's Earnings per Share (Diluted) for the three months ended in Mar. 2024 was $0.21.


Antero Midstream Net Income Historical Data

The historical data trend for Antero Midstream's Net Income 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 Net Income Chart

Antero Midstream Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial Premium Member Only -355.11 -122.53 331.62 326.24 371.79

Antero Midstream Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Income 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 86.51 87.01 97.82 100.45 103.93

Antero Midstream Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Antero Midstream's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=500.073+-128.287+0+5.6843418860808E-14
=372

Antero Midstream's Net Income for the quarter that ended in Mar. 2024 is calculated as

Net Income(Q: Mar. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=140.414+-36.488+0+1.4210854715202E-14
=104

Net Income 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 $389 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) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Antero Midstream's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 2024 is calculated as

* 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.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Antero Midstream Net Income 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