Antero Income Statement Research

AM Stock

USD 13.66 0.25 1.80%

Most accounts from Antero Midstream's income statement are interrelated and interconnected. However, analyzing income statement accounts 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 income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Antero Midstream Valuation and Antero Midstream Correlation analysis.

At this time, Antero Midstream's Net Income is very stable compared to the past year. As of the 16th of April 2024, Income Tax Expense is likely to grow to about 134.7 M, while Cost Of Revenue is likely to drop about 230.8 M.

	2021	2022	2023	2024 (projected)
Gross Profit	149.9M	608.0M	692.4M	727.0M
Cost Of Revenue	84.3M	382.7M	420.1M	230.8M

Gross Profit Cost Of Revenue

Antero Midstream income statement Correlations

	Selling General Administrative	Total Revenue	Cost Of Revenue	Gross Profit	Other Operating Expenses	Operating Income	Net Income From Continuing Ops	Ebit	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Minority Interest	Ebitda	Non Recurring	Tax Provision	Net Interest Income	Interest Income	Depreciation And Amortization	Reconciled Depreciation	Non Operating Income Net Other	Selling And Marketing Expenses
Selling General Administrative		0.78	0.82	0.77	0.87	0.76	-0.29	0.73	0.11	0.04	-0.64	0.02	-0.01	0.27	0.75	0.65	-0.08	-0.54	0.6	0.28	0.36	-0.21	-0.2
Total Revenue	0.78		0.86	1.0	0.94	0.94	0.14	0.91	-0.08	0.48	-0.46	0.47	0.39	0.11	0.94	0.51	0.31	-0.77	0.61	0.49	0.73	-0.46	-0.54
Cost Of Revenue	0.82	0.86		0.86	0.9	0.89	-0.09	0.8	-0.3	0.38	-0.4	0.37	0.27	0.4	0.87	0.59	0.16	-0.57	0.63	0.26	0.52	-0.29	-0.25
Gross Profit	0.77	1.0	0.86		0.93	0.94	0.15	0.91	-0.09	0.47	-0.47	0.47	0.41	0.15	0.94	0.48	0.32	-0.78	0.65	0.5	0.75	-0.47	-0.56
Other Operating Expenses	0.87	0.94	0.9	0.93		0.97	-0.04	0.95	0.03	0.34	-0.52	0.34	0.21	0.06	0.93	0.65	0.12	-0.64	0.58	0.41	0.56	-0.32	-0.28
Operating Income	0.76	0.94	0.89	0.94	0.97		0.03	0.98	-0.06	0.38	-0.51	0.38	0.24	0.02	0.97	0.62	0.17	-0.68	0.57	0.46	0.63	-0.33	-0.28
Net Income From Continuing Ops	-0.29	0.14	-0.09	0.15	-0.04	0.03		0.05	-0.12	0.78	0.6	0.78	0.88	-0.07	0.11	-0.67	0.94	-0.41	0.29	0.41	0.63	-0.78	-0.51
Ebit	0.73	0.91	0.8	0.91	0.95	0.98	0.05		0.11	0.35	-0.52	0.36	0.22	-0.1	0.93	0.59	0.13	-0.65	0.51	0.48	0.61	-0.29	-0.27
Total Operating Expenses	0.11	-0.08	-0.3	-0.09	0.03	-0.06	-0.12	0.11		-0.26	-0.18	-0.25	-0.28	-0.43	-0.16	0.09	-0.35	0.21	-0.28	-0.06	-0.24	0.29	0.09
Income Before Tax	0.04	0.48	0.38	0.47	0.34	0.38	0.78	0.35	-0.26		0.55	1.0	0.9	0.1	0.36	-0.23	0.84	-0.35	0.25	0.15	0.59	-0.62	-0.54
Total Other Income Expense Net	-0.64	-0.46	-0.4	-0.47	-0.52	-0.51	0.6	-0.52	-0.18	0.55		0.55	0.51	0.04	-0.54	-0.66	0.52	0.41	-0.34	-0.37	-0.16	-0.16	0.0
Net Income	0.02	0.47	0.37	0.47	0.34	0.38	0.78	0.36	-0.25	1.0	0.55		0.9	0.08	0.35	-0.23	0.83	-0.34	0.23	0.15	0.58	-0.6	-0.54
Income Tax Expense	-0.01	0.39	0.27	0.41	0.21	0.24	0.88	0.22	-0.28	0.9	0.51	0.9		0.2	0.31	-0.52	0.95	-0.5	0.44	0.37	0.74	-0.78	-0.66
Minority Interest	0.27	0.11	0.4	0.15	0.06	0.02	-0.07	-0.1	-0.43	0.1	0.04	0.08	0.2		0.07	0.0	0.16	-0.12	0.47	-0.23	0.12	-0.1	-0.16
Ebitda	0.75	0.94	0.87	0.94	0.93	0.97	0.11	0.93	-0.16	0.36	-0.54	0.35	0.31	0.07		0.49	0.27	-0.82	0.72	0.64	0.76	-0.49	-0.33
Non Recurring	0.65	0.51	0.59	0.48	0.65	0.62	-0.67	0.59	0.09	-0.23	-0.66	-0.23	-0.52	0.0	0.49		-0.56	-0.05	0.02	-0.16	-0.16	0.38	0.2
Tax Provision	-0.08	0.31	0.16	0.32	0.12	0.17	0.94	0.13	-0.35	0.84	0.52	0.83	0.95	0.16	0.27	-0.56		-0.56	0.49	0.43	0.74	-0.89	-0.59
Net Interest Income	-0.54	-0.77	-0.57	-0.78	-0.64	-0.68	-0.41	-0.65	0.21	-0.35	0.41	-0.34	-0.5	-0.12	-0.82	-0.05	-0.56		-0.87	-0.84	-0.93	0.8	0.59
Interest Income	0.6	0.61	0.63	0.65	0.58	0.57	0.29	0.51	-0.28	0.25	-0.34	0.23	0.44	0.47	0.72	0.02	0.49	-0.87		0.66	0.8	-0.72	-0.36
Depreciation And Amortization	0.28	0.49	0.26	0.5	0.41	0.46	0.41	0.48	-0.06	0.15	-0.37	0.15	0.37	-0.23	0.64	-0.16	0.43	-0.84	0.66		0.8	-0.71	-0.3
Reconciled Depreciation	0.36	0.73	0.52	0.75	0.56	0.63	0.63	0.61	-0.24	0.59	-0.16	0.58	0.74	0.12	0.76	-0.16	0.74	-0.93	0.8	0.8		-0.84	-0.66
Non Operating Income Net Other	-0.21	-0.46	-0.29	-0.47	-0.32	-0.33	-0.78	-0.29	0.29	-0.62	-0.16	-0.6	-0.78	-0.1	-0.49	0.38	-0.89	0.8	-0.72	-0.71	-0.84		0.55
Selling And Marketing Expenses	-0.2	-0.54	-0.25	-0.56	-0.28	-0.28	-0.51	-0.27	0.09	-0.54	0.0	-0.54	-0.66	-0.16	-0.33	0.2	-0.59	0.59	-0.36	-0.3	-0.66	0.55

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Antero Midstream Account Relationship Matchups

Antero Midstream income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	110.4M	147.0M	44.4M	189.9M	217.2M	228.1M
Total Revenue	849.6M	971.4M	234.2M	990.7M	1.1B	1.2B
Cost Of Revenue	348.4M	344.8M	84.3M	382.7M	420.1M	230.8M
Gross Profit	501.2M	626.5M	149.9M	608.0M	692.4M	727.0M
Operating Income	422.9M	645.4M	128.5M	539.5M	618.8M	323.8M
Ebit	422.9M	645.4M	128.5M	539.5M	618.8M	331.0M
Income Before Tax	(457.6M)	(178.2M)	107.2M	443.7M	500.1M	525.1M
Net Income	(355.1M)	(122.5M)	78.6M	326.2M	371.8M	390.4M
Income Tax Expense	(102.5M)	(55.7M)	28.6M	117.5M	128.3M	134.7M
Ebitda	575.4M	824.8M	335.5M	837.6M	825.8M	491.2M
Tax Provision	(102.5M)	(55.7M)	117.1M	117.5M	130.1M	136.6M
Net Interest Income	(110.4M)	(147.0M)	(175.3M)	(189.9M)	(217.7M)	(206.8M)
Interest Income	59.1M	60.6M	84.8M	95.7M	110.1M	58.1M

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

0.96

Energy Transfer LP Financial Report 7th of May 2024

Pair Corr

Moving against Antero Stock

0.81	TK	Teekay	Pair Corr
0.65	FLNG	FLEX LNG Financial Report 21st of May 2024	Pair Corr
0.61	EURN	Euronav NV Financial Report 9th of May 2024	Pair Corr
0.6	CQP	Cheniere Energy Partners Financial Report 7th of May 2024	Pair Corr

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 Correlation Correlation 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:

How To Invest In Antero

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Is Antero Stock a good investment?

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What is Antero Midstream's Net Worth?

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Check out Antero Midstream Valuation and Antero Midstream Correlation analysis.

You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

Complementary Tools for Antero Stock analysis

When running Antero Midstream's price analysis, check to measure Antero Midstream's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Antero Midstream is operating at the current time. Most of Antero Midstream's value examination focuses on studying past and present price action to predict the probability of Antero Midstream's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Antero Midstream's price. Additionally, you may evaluate how the addition of Antero Midstream to your portfolios can decrease your overall portfolio volatility.

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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

0.77

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.

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Antero Income Statement Research

Antero Midstream income statement Correlations

Antero Midstream Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Antero Midstream income statement Accounts

Pair Trading with Antero Midstream

Moving together with Antero Stock

Moving against Antero Stock

Complementary Tools for Antero Stock analysis

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Gross Profit	+ 1.0	Total Revenue
Net Income	+ 1.0	Income Before Tax
Ebit	+ 0.98	Operating Income
Operating Income	+ 0.97	Other Operating Expenses
Ebitda	+ 0.97	Operating Income
Ebit	+ 0.95	Other Operating Expenses

Reconciled Depreciation	- 0.93	Net Interest Income
Non Operating Income Net Other	- 0.89	Tax Provision
Interest Income	- 0.87	Net Interest Income
Non Operating Income Net Other	- 0.84	Reconciled Depreciation
Depreciation And Amortization	- 0.84	Net Interest Income
Net Interest Income	- 0.82	Ebitda