← Antero Midstream Corp
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $16.9m | $69.7m | $142.9m | $792.6m | $900.7m | $898.2m | $920.0m | $1.0b | $1.1b | $1.2b | |
| Operating Expenses | $814k | $41.1m | $43.9m | $1.2b | $1.0b | $342.9m | $380.5m | $429.9m | $447.0m | $543.8m | |
| Total operating expenses | $814k | $41.1m | $43.9m | $1.2b | $1.0b | $342.9m | $380.5m | $429.9m | $447.0m | $543.8m | |
| Operating Income (Loss) | $16.1m | $28.6m | $99.1m | ($398.5m) | ($117.6m) | $555.3m | $539.5m | $611.9m | $659.2m | $644.7m | |
| Additional Financial Items | |||||||||||
| Amortization of Intangible Assets | — | — | — | $57.0m | $70.7m | $70.7m | $70.7m | $70.7m | $70.7m | $70.7m | |
| Goodwill, Impairment Loss | — | — | — | $340.4m | $575.5m | — | — | — | — | — | |
| Amortization of customer relationships | — | — | — | ($57.0m) | ($70.7m) | ($70.7m) | ($70.7m) | ($70.7m) | ($70.7m) | ($70.7m) | |
| Direct operating | — | — | — | $195.8m | $165.4m | $157.1m | $180.3m | $213.2m | $218.0m | $231.9m | |
| General and administrative (including $31,606, $44,332 and $45,958 of equity-based compensation in 2023, 2024 and 2025, respectively) | $814k | $6.2m | $8.7m | $118.1m | $52.2m | $63.8m | $62.1m | $71.1m | $86.1m | $87.9m | |
| Facility idling | — | — | — | $11.4m | $15.2m | $4.0m | $4.2m | $2.5m | $1.7m | $1.8m | |
| Depreciation | — | — | — | $95.5m | $108.8m | $108.8m | $131.8m | $136.1m | $140.0m | $134.3m | |
| Impairment of property and equipment | — | — | — | $409.7m | $98.2m | $5.0m | $3.7m | $146k | $332k | $984k | |
| Loss on long-lived assets | — | — | — | $409.7m | — | — | — | — | — | $86.6m | |
| Equity in earnings of unconsolidated affiliates | $16.9m | $69.7m | $142.9m | $51.3m | $86.4m | $90.5m | $94.2m | $105.5m | $110.6m | $116.4m | |
| Loss on early extinguishment of debt | — | — | — | — | — | ($21.8m) | — | — | ($14.1m) | ($1.3m) | |
| Basic (in shares) | — | — | $186.2m | $442.6m | $478.3m | $477.3m | $478.2m | $479.4m | $480.8m | $477.9m | |
| Diluted (in shares) | — | — | $186.2m | $442.6m | $478.3m | $479.7m | $480.3m | $482.4m | $485.2m | $482.2m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $16.1m | $28.6m | $98.9m | ($457.6m) | ($178.2m) | $448.7m | $443.7m | $500.1m | $548.6m | $564.2m | |
| Income before income taxes | $16.1m | $28.6m | $98.9m | ($457.6m) | ($178.2m) | $448.7m | $443.7m | $500.1m | $548.6m | $564.2m | |
| Net income and comprehensive income | $9.7m | $2.3m | $66.6m | ($355.1m) | ($122.5m) | $331.6m | $326.2m | $371.8m | $400.9m | $413.2m | |
| Net Income (Loss) Attributable to Parent | $9.7m | $2.3m | — | — | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | $5.2m | — | — | — | — | — | — | — | |
| Earnings Per Share, Basic | — | $0.03 | $0.33 | ($0.80) | ($0.26) | $0.69 | $0.68 | $0.77 | $0.83 | $0.86 | |
| Earnings Per Share, Diluted | — | $0.03 | $0.33 | ($0.80) | ($0.26) | $0.69 | $0.68 | $0.77 | $0.83 | $0.86 | |
| Weighted Average Number of Shares Outstanding, Basic | — | — | $186.2m | 442.6m | 478.3m | 477.3m | 478.2m | 479.4m | 480.8m | 477.9m | |
| Weighted Average Number of Shares Outstanding, Diluted | — | — | $186.2m | 442.6m | 478.3m | 479.7m | 480.3m | 482.4m | 485.2m | 482.2m | |
| General and Administrative Expense | $814k | $6.2m | $8.7m | $118.1m | $52.2m | $63.8m | $62.1m | $71.1m | $86.1m | $87.9m | |
| Other Nonoperating Income (Expense) | — | — | — | ($59.1m) | ($60.6m) | ($106.6m) | ($95.7m) | ($111.8m) | ($110.5m) | ($80.5m) | |
| Business Combination, Acquisition Related Costs | — | — | — | — | — | — | — | — | — | $5.2m | |
| Other operating expense, net | — | — | — | — | — | — | — | $7.0m | $912k | $192k | |
| Interest expense, net | — | — | ($136k) | ($110.4m) | ($147.0m) | ($175.3m) | ($189.9m) | ($217.2m) | ($207.0m) | ($190.4m) | |
| Current Income Tax Expense (Benefit) | $6.8m | $26.3m | $33.6m | ($539k) | ($55.5m) | — | — | ($6.4m) | — | $1.6m | |
| Income tax expense | ($6.4m) | ($26.3m) | ($32.3m) | $102.5m | $55.7m | ($117.1m) | ($117.5m) | ($128.3m) | ($147.7m) | ($151.0m) | |
| Interest Income (Expense), Net | — | — | ($136k) | ($110.4m) | ($147.0m) | ($175.3m) | ($189.9m) | ($217.2m) | ($207.0m) | ($190.4m) | |
| Interest Income (Expense), Nonoperating, Net | — | — | — | — | — | — | — | — | ($207.0m) | ($190.4m) | |
| Other Operating Income (Expense), Net | $16.1m | $28.6m | $99.1m | ($398.5m) | ($117.6m) | $555.3m | $539.5m | $611.9m | $659.2m | ($192k) | |
| Total other expense | — | — | — | ($59.1m) | ($60.6m) | ($106.6m) | ($95.7m) | ($111.8m) | ($110.5m) | ($80.5m) | |
| Income Tax Expense (Benefit) | $6.4m | $26.3m | $32.3m | ($102.5m) | ($55.7m) | $117.1m | $117.5m | $128.3m | $147.7m | $151.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.