Antero Midstream Corporation (AM) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1615 WYNKOOP STREET DENVER, CO 80202 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4922 - Natural Gas Transmission (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 66 | 640 | 1,235 | 2,822 | |||||
| Cash and cash equivalents | 66 | 640 | 1,235 | 2,822 | |||||
| Receivables | 87,667 | 82,884 | 91,812 | 105,603 | |||||
| Other current assets | 1,500 | 1,326 | 920 | 1,479 | 1,720 | ||||
| Other undisclosed current assets | 89,562 | 87 | |||||||
| Total current assets: | 91,128 | 88,993 | 83,804 | 93,931 | 108,558 | 2,909 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 3,793,523 | 3,751,431 | 3,394,746 | 3,254,044 | 3,273,410 | ||||
| Long-term investments and receivables | 626,650 | 652,767 | 696,009 | 722,478 | 709,639 | 43,492 | |||
| Long-term investments | 626,650 | 652,767 | 696,009 | 722,478 | 709,639 | 43,492 | |||
| Intangible assets, net (including goodwill) | 1,215,431 | 1,286,103 | 1,356,775 | 1,427,447 | 2,073,580 | ||||
| Goodwill | 575,461 | ||||||||
| Intangible assets, net (excluding goodwill) | 1,215,431 | 1,286,103 | 1,356,775 | 1,427,447 | 1,498,119 | ||||
| Deferred income tax assets | 103,402 | 103,231 | ✕ | ||||||
| Other noncurrent assets | 10,886 | 12,026 | 12,667 | 9,610 | 14,460 | ||||
| Other undisclosed noncurrent assets | 1,304 | ||||||||
| Total noncurrent assets: | 5,646,490 | 5,702,327 | 5,460,197 | 5,516,981 | 6,174,320 | 44,796 | |||
| TOTAL ASSETS: | 5,737,618 | 5,791,320 | 5,544,001 | 5,610,912 | 6,282,878 | 47,705 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 80,630 | 95,580 | 104,430 | 84,442 | 110,833 | 435 | |||
| Taxes payable | ✕ | ✕ | ✕ | 15,678 | |||||
| Accounts payable | 22,865 | 23,592 | 9,495 | 6,645 | |||||
| Accrued liabilities | 80,630 | 72,715 | 80,838 | 74,947 | 104,188 | ||||
| Other undisclosed accounts payable and accrued liabilities | (15,243) | ||||||||
| Business combination, contingent consideration, liability | 125,000 | ||||||||
| Other liabilities | 831 | 1,061 | 4,623 | 5,701 | 3,105 | ||||
| Due to related parties | ✕ | ✕ | 5,436 | 4,956 | 3,862 | 3,146 | 731 | ||
| Other undisclosed current liabilities | 14,956 | 15,678 | |||||||
| Total current liabilities: | 96,417 | 102,077 | 114,009 | 94,005 | 242,084 | 16,844 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 3,213,216 | 3,361,282 | 3,122,910 | 3,091,626 | 2,892,249 | ||||
| Long-term debt, excluding current maturities | 3,213,216 | 3,361,282 | 3,122,910 | 3,091,626 | 2,892,249 | ||||
| Liabilities, other than long-term debt | 276,254 | 135,643 | 20,384 | 6,995 | 5,131 | ||||
| Deferred income tax liabilities | 265,879 | 131,215 | 13,721 | ✕ | |||||
| Other liabilities | 10,375 | 4,428 | 6,663 | 6,995 | 5,131 | ||||
| Total noncurrent liabilities: | 3,489,470 | 3,496,925 | 3,143,294 | 3,098,621 | 2,897,380 | ||||
| Total liabilities: | 3,585,887 | 3,599,002 | 3,257,303 | 3,192,626 | 3,139,464 | 16,844 | |||
| Equity | |||||||||
| Equity, attributable to parent | 2,151,731 | 2,192,318 | 2,286,698 | 2,418,286 | 3,143,414 | ||||
| Common stock | 4,797 | 4,785 | 4,775 | 4,766 | 4,840 | ||||
| Additional paid in capital | 2,046,487 | 2,104,740 | 2,414,398 | 2,877,612 | 3,480,139 | ||||
| Retained earnings (accumulated deficit) | 100,447 | 82,793 | (132,475) | (464,092) | (341,565) | ||||
| Total equity: | 2,151,731 | 2,192,318 | 2,286,698 | 2,418,286 | 3,143,414 | ||||
| Other undisclosed liabilities and equity | 30,861 | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 5,737,618 | 5,791,320 | 5,544,001 | 5,610,912 | 6,282,878 | 47,705 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,041,771 | 919,985 | 898,202 | 900,719 | 792,588 | 142,906 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (213,165) | (180,254) | (157,120) | (165,386) | (195,818) | |||
| Gross profit: | 828,606 | 739,731 | 741,082 | 735,333 | 596,770 | 142,906 | ||
| Operating expenses | (429,909) | (380,519) | (342,875) | (1,018,357) | (1,191,081) | (43,851) | ||
| Other undisclosed operating income | 213,165 | 180,254 | 157,120 | 165,386 | 195,818 | |||
| Operating income (loss): | 611,862 | 539,466 | 555,327 | (117,638) | (398,493) | 99,055 | ||
| Nonoperating expense (Other Nonoperating expense) | (111,789) | (95,730) | (106,587) | |||||
| Interest and debt expense | (21,757) | (4,503) | (3,183) | (148) | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 500,073 | 443,736 | 426,983 | (122,141) | (401,676) | 98,907 | ||
| Income from equity method investments | 86,430 | 51,315 | ||||||
| Other undisclosed income (loss) from continuing operations before income taxes | 21,757 | (142,504) | (107,219) | 12 | ||||
| Income (loss) from continuing operations before income taxes: | 500,073 | 443,736 | 448,740 | (178,215) | (457,580) | 98,919 | ||
| Income tax expense (benefit) | (128,287) | (117,494) | (117,123) | 55,688 | 102,466 | (32,311) | ||
| Income (loss) from continuing operations: | 371,786 | 326,242 | 331,617 | (122,527) | (355,114) | 66,608 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 331,617 | (122,527) | (355,114) | 66,608 | |
| Net income (loss): | 371,786 | 326,242 | 331,617 | (122,527) | (355,114) | 66,608 | ||
| Net loss attributable to noncontrolling interest | (5,236) | |||||||
| Net income (loss) attributable to parent: | 371,786 | 326,242 | 331,617 | (122,527) | (355,114) | 61,372 | ||
| Preferred stock dividends and other adjustments | (550) | (550) | (550) | (550) | (442) | |||
| Net income (loss) available to common stockholders, diluted: | 371,236 | 325,692 | 331,067 | (123,077) | (355,556) | 61,372 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 371,786 | 326,242 | 331,617 | (122,527) | (355,114) | 66,608 | ||
| Comprehensive income (loss): | 371,786 | 326,242 | 331,617 | (122,527) | (355,114) | 66,608 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (5,236) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 371,786 | 326,242 | 331,617 | (122,527) | (355,114) | 61,372 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.