Antero Operating Income vs Income Tax Expense Analysis

AM Stock  USD 14.06  0.17  1.22%   
Antero Midstream financial indicator trend analysis is way more than just evaluating Antero Midstream Partners prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Antero Midstream Partners is a good investment. Please check the relationship between Antero Midstream Operating Income and its Income Tax Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Antero Midstream Partners. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

Operating Income vs Income Tax Expense

Operating Income vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Antero Midstream Partners Operating Income account and Income Tax Expense. At this time, the significance of the direction appears to have very week relationship.
The correlation between Antero Midstream's Operating Income and Income Tax Expense is 0.24. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Antero Midstream Partners, assuming nothing else is changed. The correlation between historical values of Antero Midstream's Operating Income and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Antero Midstream Partners are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Operating Income i.e., Antero Midstream's Operating Income and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.24
Relationship DirectionPositive 
Relationship StrengthVery Weak

Operating Income

Operating Income is the amount of profit realized from Antero Midstream Partners operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Antero Midstream Partners is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Income Tax Expense

Most indicators from Antero Midstream's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Antero Midstream Partners current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Antero Midstream Partners. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
As of the 28th of March 2024, Tax Provision is likely to grow to about 136.6 M, while Selling General Administrative is likely to drop about 43.3 M.
 2021 2022 2023 2024 (projected)
Gross Profit149.9M608.0M692.4M727.0M
Cost Of Revenue84.3M382.7M420.1M230.8M

Antero Midstream fundamental ratios Correlations

0.760.820.930.730.850.990.70.320.10.09-0.18-0.530.740.960.890.750.6-0.230.05-0.510.960.97-0.360.960.96
0.760.990.860.380.530.680.460.17-0.130.21-0.42-0.310.670.710.820.810.42-0.03-0.08-0.290.720.78-0.250.70.75
0.820.990.910.490.570.740.50.18-0.120.24-0.39-0.320.710.770.840.840.45-0.02-0.09-0.30.780.83-0.30.770.81
0.930.860.910.70.690.870.640.37-0.040.22-0.34-0.40.740.920.90.850.54-0.080.08-0.380.920.94-0.370.910.93
0.730.380.490.70.550.730.510.1-0.030.110.07-0.350.470.780.580.520.38-0.12-0.1-0.330.780.74-0.510.780.73
0.850.530.570.690.550.890.890.240.28-0.33-0.26-0.790.770.840.660.370.84-0.590.06-0.780.840.83-0.10.840.84
0.990.680.740.870.730.890.720.30.180.02-0.12-0.580.720.960.860.680.64-0.290.05-0.560.960.96-0.330.960.95
0.70.460.50.640.510.890.720.220.45-0.53-0.3-0.90.610.760.60.190.97-0.750.17-0.890.760.760.140.770.78
0.320.170.180.370.10.240.30.22-0.170.04-0.65-0.20.290.390.410.380.25-0.080.89-0.20.370.36-0.080.350.39
0.1-0.13-0.12-0.04-0.030.280.180.45-0.17-0.520.41-0.49-0.230.140.11-0.340.5-0.530.1-0.50.150.130.660.170.13
0.090.210.240.220.11-0.330.02-0.530.04-0.520.130.790.160.040.170.64-0.610.95-0.240.80.040.05-0.640.040.03
-0.18-0.42-0.39-0.340.07-0.26-0.12-0.3-0.650.410.130.28-0.52-0.25-0.22-0.31-0.370.2-0.50.28-0.23-0.27-0.04-0.2-0.3
-0.53-0.31-0.32-0.4-0.35-0.79-0.58-0.9-0.2-0.490.790.28-0.35-0.58-0.430.06-0.920.94-0.271.0-0.58-0.58-0.32-0.58-0.59
0.740.670.710.740.470.770.720.610.29-0.230.16-0.52-0.350.740.610.660.53-0.09-0.09-0.330.740.76-0.420.740.76
0.960.710.770.920.780.840.960.760.390.140.04-0.25-0.580.740.890.720.69-0.270.14-0.561.00.99-0.311.01.0
0.890.820.840.90.580.660.860.60.410.110.17-0.22-0.430.610.890.790.55-0.120.19-0.410.90.92-0.350.90.91
0.750.810.840.850.520.370.680.190.38-0.340.64-0.310.060.660.720.790.110.390.020.080.730.75-0.580.710.73
0.60.420.450.540.380.840.640.970.250.5-0.61-0.37-0.920.530.690.550.11-0.810.26-0.920.690.690.270.690.71
-0.23-0.03-0.02-0.08-0.12-0.59-0.29-0.75-0.08-0.530.950.20.94-0.09-0.27-0.120.39-0.81-0.260.95-0.27-0.27-0.51-0.27-0.29
0.05-0.08-0.090.08-0.10.060.050.170.890.1-0.24-0.5-0.27-0.090.140.190.020.26-0.26-0.270.120.110.270.10.15
-0.51-0.29-0.3-0.38-0.33-0.78-0.56-0.89-0.2-0.50.80.281.0-0.33-0.56-0.410.08-0.920.95-0.27-0.56-0.56-0.35-0.56-0.57
0.960.720.780.920.780.840.960.760.370.150.04-0.23-0.580.741.00.90.730.69-0.270.12-0.560.99-0.311.00.99
0.970.780.830.940.740.830.960.760.360.130.05-0.27-0.580.760.990.920.750.69-0.270.11-0.560.99-0.30.991.0
-0.36-0.25-0.3-0.37-0.51-0.1-0.330.14-0.080.66-0.64-0.04-0.32-0.42-0.31-0.35-0.580.27-0.510.27-0.35-0.31-0.3-0.31-0.29
0.960.70.770.910.780.840.960.770.350.170.04-0.2-0.580.741.00.90.710.69-0.270.1-0.561.00.99-0.310.99
0.960.750.810.930.730.840.950.780.390.130.03-0.3-0.590.761.00.910.730.71-0.290.15-0.570.991.0-0.290.99
Click cells to compare fundamentals

Antero Midstream Account Relationship Matchups

Antero Midstream fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.3B5.6B5.5B5.8B5.9B6.1B
Other Current Liab232.3M80.6M85.5M73.8M81.5M63.5M
Total Current Liabilities242.1M94.0M114.0M102.1M96.4M74.3M
Total Stockholder Equity3.1B2.4B2.3B2.2B2.2B1.3B
Accounts Payable9.8M13.4M28.5M28.3M15.0M12.0M
Total Liab3.1B3.2B3.3B3.6B3.7B3.9B
Other Assets117.7M2.3B12.7M12.0M13.8M13.1M
Net Tangible Assets1.1B990.8M929.9M906.2M1.0B681.4M
Cash1.2M640K0.066K59.4K56.4K
Common Stock Shares Outstanding442.6M478.3M479.7M480.3M482.4M362.5M
Other Current Assets1.7M1.5M920K1.3M1.5M986.3K
Other Stockholder Equity3.5B2.9B2.4B2.1B2.0B1.6B
Total Current Assets108.6M93.9M83.8M89.0M91.1M60.2M
Common Stock4.8M4.8M4.8M4.8M4.8M4.6M
Net Debt2.9B3.1B3.1B3.4B3.2B1.9B
Non Current Assets Total6.2B5.5B5.5B5.7B5.8B3.5B
Cash And Short Term Investments1.2M640K0.066K59.4K56.4K
Liabilities And Stockholders Equity6.3B5.6B5.5B5.8B5.9B3.6B
Non Current Liabilities Total2.9B3.1B3.1B3.5B3.6B2.0B
Long Term Investments709.6M722.5M696.0M652.8M750.7M392.8M
Non Currrent Assets Other14.5M9.6M(1.1M)(119.2M)10.9M11.4M
Long Term Debt Total2.9B3.1B3.1B3.4B3.9B2.0B
Net Invested Capital6.0B5.5B5.4B5.6B6.4B4.1B
Net Working Capital(133.5M)(74K)(30.2M)(13.1M)(15.0M)(15.8M)

Pair Trading with Antero Midstream

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Antero Midstream position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Antero Midstream will appreciate offsetting losses from the drop in the long position's value.

Moving together with Antero Stock

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Moving against Antero Stock

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The ability to find closely correlated positions to Antero Midstream could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Antero Midstream when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Antero Midstream - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Antero Midstream Partners to buy it.
The correlation of Antero Midstream is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Antero Midstream moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Antero Midstream Partners moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Antero Midstream can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Antero Midstream Partners is a strong investment it is important to analyze Antero Midstream's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Antero Midstream's future performance. For an informed investment choice regarding Antero Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Antero Midstream Partners. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
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Is Antero Midstream's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Antero Midstream. If investors know Antero will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Antero Midstream listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.232
Dividend Share
0.9
Earnings Share
0.73
Revenue Per Share
2.321
Quarterly Revenue Growth
0.072
The market value of Antero Midstream Partners is measured differently than its book value, which is the value of Antero that is recorded on the company's balance sheet. Investors also form their own opinion of Antero Midstream's value that differs from its market value or its book value, called intrinsic value, which is Antero Midstream's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Antero Midstream's market value can be influenced by many factors that don't directly affect Antero Midstream's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Antero Midstream's value and its price as these two are different measures arrived at by different means. Investors typically determine if Antero Midstream is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Antero Midstream's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.