Antero Midstream (Antero Midstream) Debt-to-Equity

: 1.49 (As of Dec. 2023)

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Antero Midstream's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Antero Midstream's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,213 Mil. Antero Midstream's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,152 Mil. Antero Midstream's debt to equity for the quarter that ended in Dec. 2023 was 1.49.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Antero Midstream's Debt-to-Equity or its related term are showing as below:

AM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.92 Med: 1.37 Max: 1.53
Current: 1.49

During the past 9 years, the highest Debt-to-Equity Ratio of Antero Midstream was 1.53. The lowest was 0.92. And the median was 1.37.

AM's Debt-to-Equity is ranked worse than
84.62% of 832 companies
in the Oil & Gas industry
Industry Median: 0.44 vs AM: 1.49

Antero Midstream Debt-to-Equity Historical Data

The historical data trend for Antero Midstream's Debt-to-Equity 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 Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.92

1.28

1.37

1.53

1.49

Antero Midstream Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																1.53	1.53	1.54	1.52	1.49

Competitive Comparison

For the Oil & Gas Midstream subindustry, Antero Midstream's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution

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

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

Antero Midstream Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Antero Midstream's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	3213.216)	/	2151.731
	=	1.49

Antero Midstream's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	3213.216)	/	2151.731
	=	1.49

Antero Midstream (NYSE:AM) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Antero Midstream Debt-to-Equity Related Terms

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Antero Midstream (Antero Midstream) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Antero Midstream Corp (NYSE:AM) » Definitions » Debt-to-Equity

Comparable Companies

ENLC DTM FRO ETRN PAGP STNG CEQP HEP GLNG INSW TSX:ENB EPD WMB ET LNG OKE MPLX KMI TSX:TRP CQP

Traded in Other Exchanges

5711:Germany

Address

1615 Wynkoop Street, Denver, CO, USA, 80202

Website

https://www.anteromidstream.com

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