Antero Midstream (Antero Midstream) Interest Coverage

: 3.00 (As of Dec. 2023)

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Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Antero Midstream's Operating Income for the three months ended in Dec. 2023 was $156 Mil. Antero Midstream's Interest Expense for the three months ended in Dec. 2023 was $-52 Mil. Antero Midstream's interest coverage for the quarter that ended in Dec. 2023 was 3.00. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Antero Midstream's Interest Coverage or its related term are showing as below:

AM' s Interest Coverage Range Over the Past 10 Years
Min: 2.84 Med: 3.37 Max: No Debt
Current: 2.84

AM's Interest Coverage is ranked worse than
75.62% of 763 companies
in the Oil & Gas industry
Industry Median: 6.67 vs AM: 2.84

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Antero Midstream Interest Coverage Historical Data

The historical data trend for Antero Midstream's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => 3.37 [5] => 3.80 [6] => 3.22 [7] => 2.85 [8] => 2.84 )

Antero Midstream Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

3.37

3.80

3.22

2.85

2.84

Antero Midstream Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage																2.75	2.71	2.73	2.95	3.00

Competitive Comparison

For the Oil & Gas Midstream subindustry, Antero Midstream's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage Distribution

For the Oil & Gas industry and Energy sector, Antero Midstream's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Antero Midstream's Interest Coverage falls into.

Antero Midstream Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

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

Here, for the fiscal year that ended in Dec. 2023, Antero Midstream's Interest Expense was $-217 Mil. Its Operating Income was $618 Mil. And its Long-Term Debt & Capital Lease Obligation was $3,213 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	618.038	/	-217.245
	=	2.84

Antero Midstream's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Antero Midstream's Interest Expense was $-52 Mil. Its Operating Income was $156 Mil. And its Long-Term Debt & Capital Lease Obligation was $3,213 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	155.821	/	-52
	=	3.00

The higher the ratio, the stronger the company's Financial Strength is.

Antero Midstream (NYSE:AM) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Antero Midstream Interest Coverage Related Terms

Thank you for viewing the detailed overview of Antero Midstream's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Antero Midstream (Antero Midstream) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Antero Midstream Corp (NYSE:AM) » Definitions » Interest Coverage

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