ANTERO MIDSTREAM Reports Q2 FY2023 Earnings Results on July 26
August 22, 2023
🌥️Earnings Overview
On July 26 2023, ANTERO MIDSTREAM ($NYSE:AM) reported their fiscal second quarter earnings results for the period ended June 30 2023. Total revenue for the quarter was USD 276.0 million, an 11.9% increase from the same period last year, while net income rose 9.6% to USD 87.0 million.
Market Price
The stock opened at $11.6 and closed at $11.8, a 0.3% increase from its previous closing price of $11.7. Despite a volatile day on the markets, ANTERO MIDSTREAM held relatively steady throughout the trading day. Overall, this was a good quarter for ANTERO MIDSTREAM investors.
Analysts are optimistic about the company’s future, citing several positive trends in the industry and the potential to benefit from a rebound in oil prices. While the near-term outlook for ANTERO MIDSTREAM is uncertain, analysts are confident that the company is well-positioned to capitalize on any potential recovery in the market. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Antero Midstream. More…
| Total Revenues | Net Income | Net Margin |
| 1.06k | 339.78 | 32.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Antero Midstream. More…
| Operations | Investing | Financing |
| 713.73 | -415.35 | -298.38 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Antero Midstream. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.75k | 3.6k | 4.49 |
Key Ratios Snapshot
Some of the financial key ratios for Antero Midstream are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.1% | 3.7% | 63.6% |
| FCF Margin | ROE | ROA |
| 25.5% | 19.5% | 7.3% |
Analysis
GoodWhale has analyzed ANTERO MIDSTREAM‘s fundamentals and concluded that ANTERO MIDSTREAM is a ‘Rhino’ company that has achieved moderate revenue or earnings growth. The Star Chart rating of ANTERO MIDSTREAM is strong in growth, medium in dividend, profitability and weak in asset. ANTERO MIDSTREAM also has a high health score of 8/10 with regard to its cashflows and debt, indicating that the company is capable of paying off debt and funding future operations. Given its moderate growth and high health score, we believe that ANTERO MIDSTREAM may be attractive to value investors looking for steady returns, as well as to growth investors who are interested in a company with the potential for future expansion. Furthermore, investors looking for dividends may find ANTERO MIDSTREAM an attractive option given its medium rating. More…
Peers
The company operates in the Appalachian Basin and is one of the largest midstream service providers in the region. The company’s competitors include Equitrans Midstream Corp, Topaz Energy Corp, and Rattler Midstream LP.
– Equitrans Midstream Corp ($NYSE:ETRN)
Equitrans Midstream Corporation is a natural gas gathering, transportation, and storage company. The company operates in three segments: Gathering, Transmission, and Storage. The Gathering segment provides natural gas gathering and processing services to customers in the Appalachian Basin. The Transmission segment provides interstate natural gas transportation and storage services. The Storage segment provides natural gas storage services. Equitrans Midstream Corporation was founded in 2002 and is headquartered in Pittsburgh, Pennsylvania.
– Topaz Energy Corp ($TSX:TPZ)
Topaz Energy Corp is a Canadian oil and gas company with a market cap of 3.31B as of 2022. The company has a Return on Equity of 5.07%. Topaz Energy Corp is involved in the exploration, development, and production of oil and gas properties in the Western Canadian Sedimentary Basin. The company’s operations are focused on the provinces of Alberta and British Columbia.
Summary
ANTERO MIDSTREAM saw positive growth in its second quarter earnings for FY2023, with total revenue increasing 11.9% year over year and net income rising 9.6%. This strong performance is likely to attract investor attention, as the company appears to be on track with its growth targets. Investors should note that ANTERO MIDSTREAM continues to benefit from the strong fundamentals of its midstream business, while also experiencing growth in its oil and gas production and exploration operations.
The company also has a strong balance sheet, which should provide additional security for investors. Overall, ANTERO MIDSTREAM appears to be an attractive investment opportunity for those looking for growth in the sector.
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