Antero Midstream Corporation(NYSE:AM)

Antero Midstream Corporation owns, operates, and develops midstream energy infrastructure. It operates through two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processe...
Website: http://www.anteromidstream.com
Founded: 2013
Full Time Employees: 547
Sector: Energy
Industry: Oil & Gas Midstream
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At a glance:
Bull Thesis:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 |
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revenue: | ||||||||||||||||||||||||||||||||||||
gathering and compression–antero resources | 261,999,000 | 250,539,000 | 249,827,000 | 248,901,000 | 238,017,000 | 234,630,000 | 234,847,000 | 228,993,000 | 227,593,000 | 216,726,000 | 214,992,000 | 211,068,000 | 199,576,000 | 191,111,000 | 185,640,000 | 184,071,000 | 182,443,000 | 183,193,000 | 188,716,000 | 192,667,000 | 185,161,000 | 184,125,000 | 190,214,000 | 173,991,000 | 163,129,000 | 165,360,000 | 175,719,000 | 168,925,000 | 33,534,000 | |||||||
gathering and compression–third party | 295,000 | |||||||||||||||||||||||||||||||||||
water handling–antero resources | 72,816,000 | 63,222,000 | 62,129,000 | 73,773,000 | 70,275,000 | 70,053,000 | 52,294,000 | 58,056,000 | 68,455,000 | 60,627,000 | 66,132,000 | 64,613,000 | 77,295,000 | 67,776,000 | 61,411,000 | 62,262,000 | 53,321,000 | 50,789,000 | 53,511,000 | 57,718,000 | 56,603,000 | 37,396,000 | 61,001,000 | 63,351,000 | 98,184,000 | |||||||||||
water handling–third party | 311,000 | 911,000 | 533,000 | 466,000 | 505,000 | 462,000 | 397,000 | 414,000 | 671,000 | 485,000 | 383,000 | 274,000 | 272,000 | 334,000 | 1,651,000 | 242,000 | 395,000 | 176,000 | 245,000 | 70,000 | 25,000 | |||||||||||||||
amortization of customer relationships | -21,210,000 | -17,668,000 | -17,668,000 | -17,668,000 | -17,668,000 | -17,668,000 | -17,668,000 | -17,668,000 | -17,668,000 | -17,668,000 | -17,668,000 | -17,668,000 | -17,668,000 | -17,668,000 | -17,668,000 | -17,668,000 | -17,668,000 | -17,668,000 | -17,668,000 | -17,668,000 | -17,668,000 | -17,661,000 | -17,800,000 | -17,606,000 | -17,605,000 | -17,832,000 | -28,863,000 | -8,534,000 | -1,781,000 | |||||||
total revenue | 314,211,000 | 297,004,000 | 294,821,000 | 305,472,000 | 291,129,000 | 287,477,000 | 269,870,000 | 269,795,000 | 279,051,000 | 260,170,000 | 263,839,000 | 258,287,000 | 259,475,000 | 241,553,000 | 231,034,000 | 228,907,000 | 218,491,000 | 216,490,000 | 224,804,000 | 232,787,000 | 224,121,000 | 203,860,000 | 233,415,000 | 219,736,000 | 243,708,000 | 239,067,000 | 243,795,000 | 255,618,000 | 54,108,000 | |||||||
yoy | 7.93% | 3.31% | 9.25% | 13.22% | 4.33% | 10.50% | 2.29% | 4.46% | 7.54% | 7.71% | 14.20% | 12.83% | 18.76% | 11.58% | 2.77% | -1.67% | -2.51% | 6.20% | -3.69% | 5.94% | -8.04% | -14.73% | -4.26% | -14.04% | 350.41% | |||||||||||
qoq | 5.79% | 0.74% | -3.49% | 4.93% | 1.27% | 6.52% | 0.03% | -3.32% | 7.26% | -1.39% | 2.15% | -0.46% | 7.42% | 4.55% | 0.93% | 4.77% | 0.92% | -3.70% | -3.43% | 3.87% | 9.94% | -12.66% | 6.23% | -9.84% | 1.94% | -1.94% | -4.63% | 372.42% | ||||||||
operating expenses: | ||||||||||||||||||||||||||||||||||||
direct operating | 70,697,000 | 54,080,000 | 57,886,000 | 63,114,000 | 56,830,000 | 55,925,000 | 51,724,000 | 56,409,000 | 53,918,000 | 50,783,000 | 51,914,000 | 52,595,000 | 57,873,000 | 48,295,000 | 46,648,000 | 43,299,000 | 42,012,000 | 38,752,000 | 39,499,000 | 39,555,000 | 39,314,000 | 36,539,000 | 38,052,000 | 42,067,000 | 48,728,000 | 55,030,000 | 61,808,000 | 63,998,000 | 14,982,000 | |||||||
general and administrative | 22,347,000 | 21,469,000 | 21,316,000 | 22,125,000 | 23,024,000 | 20,774,000 | 22,872,000 | 21,219,000 | 21,221,000 | 17,926,000 | 17,633,000 | 18,162,000 | 17,347,000 | 14,528,000 | 13,587,000 | 16,079,000 | 17,931,000 | 16,847,000 | 14,810,000 | 14,251,000 | 17,930,000 | 13,022,000 | 13,232,000 | 12,422,000 | 13,537,000 | 33,087,000 | 30,595,000 | 34,622,000 | 19,809,000 | |||||||
facility idling | 545,000 | 538,000 | 445,000 | 375,000 | 443,000 | 382,000 | 405,000 | 412,000 | 522,000 | 526,000 | 722,000 | 637,000 | 574,000 | 968,000 | 865,000 | 1,185,000 | 1,148,000 | 964,000 | 870,000 | 984,000 | 1,179,000 | 1,539,000 | 2,527,000 | 2,475,000 | 8,678,000 | 9,889,000 | 1,512,000 | |||||||||
depreciation | 34,635,000 | 33,733,000 | 34,465,000 | 33,364,000 | 32,748,000 | 32,795,000 | 32,534,000 | 37,576,000 | 37,095,000 | 34,885,000 | 30,745,000 | 35,233,000 | 35,196,000 | 33,581,000 | 34,206,000 | 35,675,000 | 28,300,000 | 27,834,000 | 27,487,000 | 26,619,000 | 26,850,000 | 26,901,000 | 26,801,000 | 27,745,000 | 27,343,000 | 26,969,000 | 24,460,000 | 36,447,000 | 7,650,000 | |||||||
impairment of property and equipment | 167,000 | 817,000 | 332,000 | 3,702,000 | 3,460,000 | 203,000 | 1,379,000 | 8,149,000 | 947,000 | 89,083,000 | 1,297,000 | 407,848,000 | 594,000 | |||||||||||||||||||||||
gain on long-lived assets | -2,658,000 | |||||||||||||||||||||||||||||||||||
other operating expense | 34,000 | 49,000 | 49,000 | 50,000 | 44,000 | |||||||||||||||||||||||||||||||
total operating expenses | 125,600,000 | 196,495,000 | 114,328,000 | 119,028,000 | 113,906,000 | 109,742,000 | 107,443,000 | 117,042,000 | 112,800,000 | 104,489,000 | 101,526,000 | 112,764,000 | 111,130,000 | 97,407,000 | 93,264,000 | 100,511,000 | 89,337,000 | 87,970,000 | 82,983,000 | 81,388,000 | 90,534,000 | 88,877,000 | 81,598,000 | 85,010,000 | 762,872,000 | 431,670,000 | 577,884,000 | 138,027,000 | 43,500,000 | 11,975,000 | 10,803,000 | 11,509,000 | ||||
operating income | 188,611,000 | 100,509,000 | 180,493,000 | 186,444,000 | 177,223,000 | 177,735,000 | 162,427,000 | 152,753,000 | 166,251,000 | 155,681,000 | 162,313,000 | 145,523,000 | 148,345,000 | 144,146,000 | 137,770,000 | 128,396,000 | 129,154,000 | 128,520,000 | 141,821,000 | 151,399,000 | 133,587,000 | 114,983,000 | 151,817,000 | 134,726,000 | -519,164,000 | -192,603,000 | -334,089,000 | 117,591,000 | 10,608,000 | 31,517,000 | 27,013,000 | 21,636,000 | ||||
yoy | 6.43% | -43.45% | 11.12% | 22.06% | 6.60% | 14.17% | 0.07% | 4.97% | 12.07% | 8.00% | 17.81% | 13.34% | 14.86% | 12.16% | -2.86% | -15.19% | -3.32% | 11.77% | -6.58% | 12.38% | -125.73% | -159.70% | -145.44% | 14.57% | -4994.08% | -711.11% | -1336.77% | 443.50% | ||||||||
qoq | 87.66% | -44.31% | -3.19% | 5.20% | -0.29% | 9.42% | 6.33% | -8.12% | 6.79% | -4.09% | 11.54% | -1.90% | 2.91% | 4.63% | 7.30% | -0.59% | 0.49% | -9.38% | -6.33% | 13.33% | 16.18% | -24.26% | 12.69% | -125.95% | 169.55% | -42.35% | -384.11% | 1008.51% | -66.34% | 16.67% | 24.85% | |||||
operating margin % | 60.03% | 33.84% | 61.22% | 61.03% | 60.87% | 61.83% | 60.19% | 56.62% | 59.58% | 59.84% | 61.52% | 56.34% | 57.17% | 59.67% | 59.63% | 56.09% | 59.11% | 59.37% | 63.09% | 65.04% | 59.60% | 56.40% | 65.04% | 61.31% | -213.03% | -80.56% | -137.04% | 46.00% | 19.61% | Infinity% | Infinity% | Infinity% | NaN% | NaN% | NaN% | NaN% |
other income: | ||||||||||||||||||||||||||||||||||||
interest expense | -54,029,000 | -46,836,000 | -47,196,000 | -47,962,000 | -48,410,000 | -49,721,000 | -51,812,000 | -52,186,000 | -53,308,000 | -52,000,000 | -55,233,000 | -55,388,000 | -54,624,000 | -52,408,000 | -47,835,000 | -45,426,000 | -44,279,000 | -44,366,000 | -44,544,000 | -43,505,000 | -42,866,000 | -39,564,000 | -34,501,000 | -35,311,000 | -37,631,000 | -36,530,000 | -36,134,000 | -31,521,000 | -6,217,000 | -54,000 | -68,000 | 18,000 | ||||
equity in earnings of unconsolidated affiliates | 30,012,000 | 28,715,000 | 29,688,000 | 30,016,000 | 28,020,000 | 27,778,000 | 27,668,000 | 27,597,000 | 27,530,000 | 27,631,000 | 27,397,000 | 25,972,000 | 24,456,000 | 23,751,000 | 24,411,000 | 22,824,000 | 23,232,000 | 24,104,000 | 24,088,000 | 21,515,000 | 20,744,000 | 23,233,000 | 23,173,000 | 20,947,000 | 19,077,000 | 16,334,000 | 18,478,000 | 13,623,000 | 2,880,000 | |||||||
transaction expense | -8,689,000 | |||||||||||||||||||||||||||||||||||
total other expense | -32,706,000 | -23,316,000 | -18,821,000 | -17,946,000 | -20,390,000 | -21,943,000 | -24,485,000 | -38,280,000 | -25,837,000 | -24,369,000 | -27,836,000 | -29,416,000 | -30,168,000 | -28,657,000 | -23,424,000 | -22,602,000 | -21,047,000 | -21,318,000 | -20,456,000 | -42,691,000 | ||||||||||||||||
income before income taxes | 155,905,000 | 77,193,000 | 161,672,000 | 168,498,000 | 156,833,000 | 155,792,000 | 137,942,000 | 114,473,000 | 140,414,000 | 131,312,000 | 134,477,000 | 116,107,000 | 118,177,000 | 115,489,000 | 114,346,000 | 105,794,000 | 108,107,000 | 107,202,000 | 121,365,000 | 108,708,000 | 111,465,000 | 98,652,000 | 140,489,000 | 120,362,000 | -537,718,000 | -212,799,000 | -351,745,000 | 31,463,000 | 26,945,000 | 21,618,000 | 18,893,000 | 14,831,000 | 10,135,000 | 2,494,000 | ||
income tax expense | -37,639,000 | -25,264,000 | -45,688,000 | -43,985,000 | -36,096,000 | -44,603,000 | -38,202,000 | -28,436,000 | -36,488,000 | -30,865,000 | -36,657,000 | -29,095,000 | -31,670,000 | -21,199,500 | -30,332,000 | -26,399,000 | -28,067,000 | |||||||||||||||||||
net income and comprehensive income | 118,266,000 | 51,929,000 | 115,984,000 | 124,513,000 | 120,737,000 | 111,189,000 | 99,740,000 | 86,037,000 | 103,926,000 | 100,447,000 | 97,820,000 | 87,012,000 | 86,507,000 | 82,793,000 | 84,014,000 | 79,395,000 | 80,040,000 | 78,626,000 | 89,327,000 | 80,223,000 | 83,441,000 | 105,507,000 | 88,441,000 | -392,933,000 | -144,559,000 | -289,477,000 | 69,274,000 | 9,648,000 | 21,388,000 | 18,028,000 | 14,387,000 | 12,805,000 | 5,907,000 | 2,978,000 | -3,261,000 | |
yoy | -2.05% | -53.30% | 16.29% | 44.72% | 16.18% | 10.69% | 1.96% | -1.12% | 20.14% | 21.32% | 16.43% | 9.59% | 8.08% | 5.30% | -5.95% | -1.03% | -4.08% | -15.34% | -9.29% | -121.24% | -136.45% | 27.67% | -4172.69% | -775.89% | -1705.71% | 381.50% | -24.65% | 262.08% | 505.37% | -541.18% | ||||||
qoq | 127.75% | -55.23% | -6.85% | 3.13% | 8.59% | 11.48% | 15.93% | -17.21% | 3.46% | 2.69% | 12.42% | 0.58% | 4.49% | -1.45% | 5.82% | -0.81% | 1.80% | -11.98% | 11.35% | -3.86% | 19.30% | -122.51% | 171.81% | -50.06% | -517.87% | 618.01% | -54.89% | 18.64% | 25.31% | 12.35% | 116.78% | 98.35% | -191.32% | |||
net income margin % | 37.64% | 17.48% | 39.34% | 40.76% | 41.47% | 38.68% | 36.96% | 31.89% | 37.24% | 38.61% | 37.08% | 33.69% | 33.34% | 34.28% | 36.36% | 34.68% | 36.63% | 36.32% | 39.74% | 34.46% | 37.23% | 0% | 45.20% | 40.25% | -161.23% | -60.47% | -118.74% | 27.10% | 17.83% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% |
net income per common share–basic | 250 | 110 | 240 | 260 | 250 | 230 | 210 | 180 | 220 | |||||||||||||||||||||||||||
net income per common share–diluted | 250 | 110 | 240 | 260 | 250 | 230 | 210 | 180 | 210 | |||||||||||||||||||||||||||
weighted-average common shares outstanding: | ||||||||||||||||||||||||||||||||||||
basic | 473,866,000 | 477,906,000 | 478,020,000 | 479,083,000 | 479,064,000 | 480,822,000 | 481,288,000 | 481,103,000 | 479,897,000 | 479,378,000 | 479,676 | 479,502 | 478,612 | 478,232 | 478,460 | 478,317 | 477,646 | 477,270 | 477,442 | 477,290 | 476,850 | 478,278 | 476,578 | 476,836 | 483,103 | 442,640 | 506,419 | 506,816 | 253,877 | |||||||
diluted | 477,963,000 | 482,177,000 | 481,814,000 | 482,451,000 | 484,378,000 | 485,247,000 | 485,532,000 | 484,778,000 | 484,303,000 | 482,372,000 | 482,840 | 481,512 | 481,459 | 480,300 | 480,318 | 480,270 | 480,173 | 479,736 | 479,695 | 479,530 | 479,272 | 478,278 | 478,694 | 478,837 | 483,103 | 442,640 | 506,419 | 507,767 | 254,903 | |||||||
loss on early extinguishment of debt | -1,313,000 | -341,000 | -13,691,000 | -59,000 | -1,056,000 | -20,701,000 | ||||||||||||||||||||||||||||||
accretion of asset retirement obligations | 49,000 | 49,000 | 47,000 | 44,000 | 44,000 | 45,000 | 44,000 | 44,000 | 44,000 | 50,000 | 64,000 | 64,000 | 113,000 | 114,000 | 114,000 | 119,000 | 38,000 | 39,000 | 61,000 | 42,000 | 54,000 | 54,000 | 69,000 | 10,000 | ||||||||||||
loss on asset sale | -183,000 | -473,000 | 1,379,000 | -6,000 | 467,000 | 5,814,000 | -9,000 | -118,000 | -135,000 | 3,763,000 | 2,689,000 | 240,000 | ||||||||||||||||||||||||
loss on settlement of asset retirement obligations | 185,000 | 279,000 | 341,000 | 539,000 | ||||||||||||||||||||||||||||||||
gain on asset sale | -245,000 | -2,092,000 | -32,000 | |||||||||||||||||||||||||||||||||
net income per share | 0.143 | 0.2 | 0.18 | 0.18 | 0.17 | 0.18 | 0.17 | 0.17 | 0.16 | 0.19 | 0.17 | 0.17 | 0.16 | 0.22 | 0.19 | -0.81 | -0.3 | -0.57 | 0.14 | 0.04 | ||||||||||||||||
provision for income tax expense | -32,038,000 | -28,485,000 | -31,921,000 | -30,419,000 | ||||||||||||||||||||||||||||||||
impairment of goodwill | 575,461,000 | 296,591,000 | 43,759,000 | |||||||||||||||||||||||||||||||||
provision for income tax benefit | -22,136,750 | -28,024,000 | -22,194,000 | -34,982,000 | 144,785,000 | 68,240,000 | 62,268,000 | 2,377,000 | ||||||||||||||||||||||||||||
impairment of customer relationships | 6,000,000 | 5,871,000 | ||||||||||||||||||||||||||||||||||
accretion and change in fair value of contingent acquisition consideration | 2,753,000 | 1,977,000 | 2,297,000 | 1,049,000 | ||||||||||||||||||||||||||||||||
water handling and treatment–third party | 12,500 | 46,000 | 4,000 | |||||||||||||||||||||||||||||||||
water handling and treatment–antero resources | 53,617,750 | 96,939,000 | 95,181,000 | 22,351,000 | ||||||||||||||||||||||||||||||||
income before taxes | 99,693,000 | 7,271,000 | ||||||||||||||||||||||||||||||||||
net income attributable to vested series b units | -3,719,000 | -598,000 | -506,000 | |||||||||||||||||||||||||||||||||
limited partners' and common stockholders' interest in net income | 9,648,000 | |||||||||||||||||||||||||||||||||||
equity in earnings of antero midstream partners lp | 43,492,000 | 37,816,000 | 33,145,000 | 28,453,000 | 23,772,000 | 19,067,000 | 15,328,000 | |||||||||||||||||||||||||||||
total income | 43,492,000 | 37,816,000 | 33,145,000 | 28,453,000 | 23,772,000 | 19,067,000 | 15,328,000 | |||||||||||||||||||||||||||||
general and administrative expense | 3,183,000 | 2,229,000 | 2,398,000 | 925,000 | 279,000 | 615,000 | 3,203,000 | |||||||||||||||||||||||||||||
equity-based compensation | 8,792,000 | 8,574,000 | 9,111,000 | 8,635,000 | 8,662,000 | 8,317,000 | 9,631,000 | |||||||||||||||||||||||||||||
provision for income taxes | -10,075,000 | -8,917,000 | -7,231,000 | -6,088,000 | -8,924,000 | -7,157,000 | -5,755,000 | |||||||||||||||||||||||||||||
net income attributable to common shareholders | 17,669,000 | 17,430,000 | 13,881,000 | 12,392,000 | ||||||||||||||||||||||||||||||||
net income per common share–basic and diluted | 100 | 90 | ||||||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding–basic | 186,208,000 | |||||||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding–diluted | 186,208,000 | |||||||||||||||||||||||||||||||||||
pre-ipo net income attributed to parent | ||||||||||||||||||||||||||||||||||||
net income per common share - basic and diluted | 70 | 70 | 20 | 20 | ||||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding - basic and diluted | 186,199,000 | 186,188,000 | 186,176,000 | |||||||||||||||||||||||||||||||||
total expenses | 9,560,000 | 8,941,000 | 8,932,000 | 12,834,000 | ||||||||||||||||||||||||||||||||
net income attributable to series b units | -413,000 | |||||||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding - basic | 186,173,000 | |||||||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding - diluted | 191,175,000 | |||||||||||||||||||||||||||||||||||
net loss attributable to antero midstream gp lp subsequent to ipo | -1,621,000 | |||||||||||||||||||||||||||||||||||
net loss per common share | -10 | |||||||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding | 186,170,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 |
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assets | ||||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||||
cash and cash equivalents | 180,435,000 | 26,088,000 | 66,000 | 678,000 | 261,000 | 640,000 | 2,393,000 | 2,997,000 | 1,235,000 | 7,791,000 | 1,968,000 | |||||||||||||||||||||||
restricted cash | 82,500,000 | |||||||||||||||||||||||||||||||||
accounts receivable–antero resources | 147,086,000 | 106,771,000 | 108,561,000 | 111,623,000 | 124,005,000 | 115,180,000 | 98,037,000 | 101,251,000 | 104,766,000 | 88,610,000 | 93,019,000 | 91,621,000 | 95,359,000 | 77,301,000 | 75,098,000 | 78,143,000 | 81,197,000 | 85,152,000 | 89,996,000 | 88,773,000 | 73,722,000 | 83,948,000 | 76,088,000 | 90,569,000 | 101,029,000 | 105,182,000 | 103,898,000 | 110,980,000 | ||||||
accounts receivable–third party | 3,156,000 | 993,000 | 809,000 | 774,000 | 877,000 | 832,000 | 536,000 | 1,384,000 | 1,023,000 | 952,000 | 764,000 | 550,000 | 371,000 | 1,988,000 | 431,000 | 328,000 | 747,000 | 857,000 | 466,000 | 227,000 | 839,000 | 3,599,000 | 3,392,000 | 3,095,000 | 4,574,000 | 940,000 | 586,000 | 256,000 | ||||||
income tax receivable | 1,896,000 | 1,896,000 | 1,896,000 | 940,000 | 940,000 | 940,000 | 940,000 | 940,000 | 940,000 | 940,000 | 940,000 | 940,000 | 940,000 | 17,251,000 | 17,547,000 | 17,547,000 | 56,457,000 | |||||||||||||||||
current assets held for sale | 4,600,000 | |||||||||||||||||||||||||||||||||
other current assets | 2,804,000 | 2,669,000 | 2,107,000 | 2,080,000 | 2,770,000 | 2,052,000 | 1,303,000 | 963,000 | 1,811,000 | 1,500,000 | 811,000 | 795,000 | 1,744,000 | 556,000 | 588,000 | 879,000 | 920,000 | 541,000 | 358,000 | 966,000 | 1,479,000 | 521,000 | 645,000 | 1,251,000 | 1,720,000 | 3,102,000 | 3,092,000 | 3,515,000 | ||||||
total current assets | 154,942,000 | 379,864,000 | 113,373,000 | 114,477,000 | 127,652,000 | 118,064,000 | 99,876,000 | 103,598,000 | 133,688,000 | 91,128,000 | 95,534,000 | 93,906,000 | 98,414,000 | 80,785,000 | 77,057,000 | 80,290,000 | 83,804,000 | 87,490,000 | 92,438,000 | 91,167,000 | 93,931,000 | 108,008,000 | 100,669,000 | 151,372,000 | 108,558,000 | 109,224,000 | 115,367,000 | 116,719,000 | 2,909,000 | 4,442,000 | 6,271,000 | 14,637,000 | 5,987,000 | |
long-term assets: | ||||||||||||||||||||||||||||||||||
property and equipment | 3,931,657,000 | 3,454,572,000 | 3,907,852,000 | 3,892,547,000 | 3,884,394,000 | 3,881,621,000 | 3,892,154,000 | 3,868,885,000 | 3,788,559,000 | 3,793,523,000 | 3,782,554,000 | 3,756,496,000 | 3,749,220,000 | 3,508,008,000 | 3,492,489,000 | 3,461,098,000 | 3,394,746,000 | 3,345,843,000 | 3,293,791,000 | 3,249,726,000 | 3,254,044,000 | 3,255,889,000 | 3,249,643,000 | 3,228,265,000 | 3,273,410,000 | 3,215,978,000 | 3,744,336,000 | 3,659,677,000 | ||||||
investments in unconsolidated affiliates | 580,970,000 | 585,778,000 | 592,238,000 | 598,340,000 | 600,349,000 | 603,956,000 | 609,427,000 | 612,847,000 | 619,220,000 | 626,650,000 | 635,954,000 | 639,887,000 | 643,118,000 | 659,006,000 | 681,560,000 | 688,111,000 | 696,009,000 | 703,780,000 | 707,518,000 | 712,069,000 | 722,478,000 | 728,325,000 | 729,823,000 | 716,778,000 | 709,639,000 | 672,310,000 | 1,186,161,000 | 1,153,943,000 | ||||||
customer relationships | 1,682,303,000 | 1,074,087,000 | 1,091,755,000 | 1,109,423,000 | 1,127,091,000 | 1,144,759,000 | 1,162,427,000 | 1,180,095,000 | 1,197,763,000 | 1,215,431,000 | 1,233,099,000 | 1,250,767,000 | 1,268,435,000 | 1,303,771,000 | 1,321,439,000 | 1,339,107,000 | 1,356,775,000 | 1,374,443,000 | 1,392,111,000 | 1,409,779,000 | 1,427,447,000 | 1,445,108,000 | 1,462,908,000 | 1,480,514,000 | 1,498,119,000 | 1,496,951,000 | 547,685,000 | 556,218,000 | ||||||
operating leases right-of-use assets | 46,156,000 | |||||||||||||||||||||||||||||||||
assets held for sale | 379,036,000 | |||||||||||||||||||||||||||||||||
other assets | 9,836,000 | 10,779,000 | 11,870,000 | 12,215,000 | 12,632,000 | 13,348,000 | 13,567,000 | 9,542,000 | 10,011,000 | 10,886,000 | 11,570,000 | 11,827,000 | 11,340,000 | 12,251,000 | 12,956,000 | 11,988,000 | 12,667,000 | 7,222,000 | 7,991,000 | 8,641,000 | 9,610,000 | 10,578,000 | 11,433,000 | 11,931,000 | 14,460,000 | 12,734,000 | 40,194,000 | 42,923,000 | ||||||
total assets | 6,405,864,000 | 5,884,116,000 | 5,717,088,000 | 5,727,002,000 | 5,752,118,000 | 5,761,748,000 | 5,777,451,000 | 5,774,967,000 | 5,749,241,000 | 5,737,618,000 | 5,758,711,000 | 5,752,883,000 | 5,770,527,000 | 5,563,821,000 | 5,585,501,000 | 5,580,594,000 | 5,544,001,000 | 5,533,633,000 | 5,540,742,000 | 5,546,760,000 | 5,610,912,000 | 5,673,504,000 | 5,715,055,000 | 5,781,359,000 | 6,282,878,000 | 6,445,504,000 | 6,769,009,000 | 6,668,427,000 | 47,705,000 | 42,258,000 | 39,408,000 | 43,090,000 | 29,759,000 | |
liabilities and stockholders' equity | ||||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||||
accounts payable–antero resources | 9,003,000 | 5,366,000 | 4,113,000 | 4,330,000 | 5,743,000 | 4,114,000 | 5,317,000 | 3,816,000 | 11,445,000 | 4,457,000 | 3,669,000 | 2,921,000 | 4,776,000 | 2,648,000 | 2,227,000 | 4,884,000 | 4,956,000 | 3,157,000 | 4,238,000 | 2,927,000 | 3,862,000 | 2,429,000 | 2,714,000 | 1,675,000 | 3,146,000 | 4,745,000 | 5,021,000 | 3,603,000 | ||||||
accounts payable–third party | 15,862,000 | 10,368,000 | 17,609,000 | 14,798,000 | 15,071,000 | 12,308,000 | 9,718,000 | 15,058,000 | 12,954,000 | 10,499,000 | 24,683,000 | 17,947,000 | 21,012,000 | 24,125,000 | 24,510,000 | 33,087,000 | 23,592,000 | 24,944,000 | 24,785,000 | 14,898,000 | 9,495,000 | 19,920,000 | 19,822,000 | 21,662,000 | 6,645,000 | 32,569,000 | 27,003,000 | 22,871,000 | ||||||
accrued liabilities | 117,576,000 | 91,527,000 | 66,775,000 | 90,303,000 | 66,906,000 | 83,555,000 | 75,565,000 | 96,202,000 | 82,044,000 | 80,630,000 | 81,628,000 | 74,924,000 | 69,366,000 | 72,952,000 | 90,656,000 | 97,022,000 | 80,838,000 | 85,576,000 | 83,620,000 | 56,598,000 | 74,947,000 | 36,535,000 | 72,284,000 | 57,139,000 | 104,188,000 | 96,944,000 | 82,077,000 | 73,448,000 | 185,000 | |||||
short-term lease liabilities | 13,176,000 | |||||||||||||||||||||||||||||||||
current liabilities held for sale | 2,297,000 | |||||||||||||||||||||||||||||||||
other current liabilities | 1,633,000 | 1,924,000 | 1,524,000 | 1,737,000 | 2,477,000 | 635,000 | 920,000 | 893,000 | 876,000 | 831,000 | 669,000 | 817,000 | 1,065,000 | 6,657,000 | 6,379,000 | 4,136,000 | 4,623,000 | 5,013,000 | 5,194,000 | 5,327,000 | 5,701,000 | 2,375,000 | 3,325,000 | 3,084,000 | 3,105,000 | 493,000 | 518,000 | 537,000 | ||||||
total current liabilities | 157,250,000 | 111,482,000 | 90,021,000 | 111,168,000 | 90,197,000 | 100,612,000 | 91,520,000 | 115,969,000 | 107,319,000 | 96,417,000 | 110,649,000 | 96,609,000 | 96,219,000 | 106,382,000 | 123,772,000 | 139,129,000 | 114,009,000 | 118,690,000 | 117,837,000 | 79,750,000 | 94,005,000 | 61,259,000 | 98,145,000 | 83,560,000 | 242,084,000 | 259,628,000 | 237,504,000 | 118,062,000 | 16,844,000 | 14,162,000 | 14,133,000 | 20,789,000 | 14,151,000 | |
long-term liabilities: | ||||||||||||||||||||||||||||||||||
long-term debt | 3,665,937,000 | 3,222,530,000 | 3,008,694,000 | 3,023,800,000 | 3,110,975,000 | 3,116,958,000 | 3,171,664,000 | 3,186,577,000 | 3,174,873,000 | 3,213,216,000 | 3,258,537,000 | 3,306,667,000 | 3,331,320,000 | 3,143,169,000 | 3,157,966,000 | 3,133,184,000 | 3,122,910,000 | 3,095,560,000 | 3,087,734,000 | 3,103,428,000 | 3,091,626,000 | 3,121,817,000 | 3,088,785,000 | 3,103,762,000 | 2,892,249,000 | 2,657,750,000 | 2,526,334,000 | 2,389,992,000 | ||||||
deferred income tax liability | 600,634,000 | 562,996,000 | 538,079,000 | 490,101,000 | 448,024,000 | 413,608,000 | 369,004,000 | 330,802,000 | 302,366,000 | 265,879,000 | 228,636,000 | 191,979,000 | 162,885,000 | 98,519,000 | 68,187,000 | 41,788,000 | 13,721,000 | |||||||||||||||||
long-term lease liabilities | 33,415,000 | |||||||||||||||||||||||||||||||||
liabilities held for sale | 3,021,000 | |||||||||||||||||||||||||||||||||
other | 12,179,000 | 12,046,000 | 15,045,000 | 14,544,000 | 14,383,000 | 15,399,000 | 15,362,000 | 14,531,000 | 14,304,000 | 10,375,000 | 9,749,000 | 4,589,000 | 4,619,000 | 3,896,000 | 5,457,000 | 6,539,000 | 6,663,000 | 6,790,000 | 6,735,000 | 6,716,000 | 6,995,000 | 4,937,000 | 4,943,000 | 5,082,000 | 5,131,000 | 1,655,000 | 2,672,000 | 2,810,000 | ||||||
total liabilities | 4,469,415,000 | 3,912,075,000 | 3,651,839,000 | 3,639,613,000 | 3,663,579,000 | 3,646,577,000 | 3,647,550,000 | 3,647,879,000 | 3,598,862,000 | 3,585,887,000 | 3,607,571,000 | 3,599,844,000 | 3,595,043,000 | 3,351,966,000 | 3,355,382,000 | 3,320,640,000 | 3,257,303,000 | 3,221,040,000 | 3,212,306,000 | 3,189,894,000 | 3,192,626,000 | 3,188,013,000 | 3,191,873,000 | 3,192,404,000 | 3,139,464,000 | 2,922,474,000 | 2,796,650,000 | 2,632,877,000 | 17,132,000 | 16,324,000 | 21,647,000 | |||
stockholders' equity: | ||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value: 100,000 authorized as of december 31, 2025 and march 31, 2026 | ||||||||||||||||||||||||||||||||||
series a non-voting perpetual preferred stock; 12 designated and 10 issued and outstanding as of december 31, 2025 and march 31, 2026 | ||||||||||||||||||||||||||||||||||
common stock, 0.01 par value... | 4,750,000 | 4,741,000 | 4,767,000 | 4,790,000 | 4,793,000 | 4,794,000 | 4,813,000 | 4,812,000 | 4,803,000 | 4,797,000 | 4,797,000 | 4,797,000 | 4,786,000 | 4,784,000 | 4,784,000 | 4,777,000 | 4,775,000 | 4,775,000 | 4,774,000 | 4,769,000 | 4,766,000 | 4,766,000 | 4,765,000 | 4,794,000 | 4,840,000 | 5,034,000 | 5,068,000 | 5,066,000 | ||||||
additional paid-in capital | 1,827,496,000 | 1,952,524,000 | 1,972,218,000 | 1,970,769,000 | 1,984,372,000 | 2,019,830,000 | 2,025,348,000 | 2,036,239,000 | 2,041,650,000 | 2,046,487,000 | 2,048,523,000 | 2,061,230,000 | 2,084,191,000 | 2,123,057,000 | 2,198,375,000 | 2,307,612,000 | 2,414,398,000 | 2,518,919,000 | 2,624,090,000 | 2,732,748,000 | 2,877,612,000 | 3,021,275,000 | 3,164,474,000 | 3,318,659,000 | 3,480,139,000 | 3,715,002,000 | 3,874,820,000 | 4,007,287,000 | ||||||
retained earnings | 104,203,000 | 14,776,000 | 88,264,000 | 111,830,000 | 99,374,000 | 90,547,000 | 99,740,000 | 86,037,000 | 103,926,000 | 100,447,000 | 97,820,000 | 87,012,000 | 86,507,000 | 84,014,000 | 26,960,000 | |||||||||||||||||||
total stockholders' equity | 1,936,449,000 | 1,972,041,000 | 2,065,249,000 | 2,087,389,000 | 2,088,539,000 | 2,115,171,000 | 2,129,901,000 | 2,127,088,000 | 2,150,379,000 | 2,151,731,000 | 2,151,140,000 | 2,153,039,000 | 2,175,484,000 | 2,211,855,000 | 2,230,119,000 | 2,259,954,000 | 2,286,698,000 | 2,312,593,000 | 2,328,436,000 | 2,356,866,000 | 2,418,286,000 | 2,485,491,000 | 2,523,182,000 | 2,588,955,000 | ||||||||||
total liabilities and stockholders' equity | 6,405,864,000 | 5,884,116,000 | 5,717,088,000 | 5,727,002,000 | 5,752,118,000 | 5,761,748,000 | 5,777,451,000 | 5,774,967,000 | 5,749,241,000 | 5,737,618,000 | 5,758,711,000 | 5,752,883,000 | 5,770,527,000 | 5,563,821,000 | 5,585,501,000 | 5,580,594,000 | 5,544,001,000 | 5,533,633,000 | 5,540,742,000 | 5,546,760,000 | 5,610,912,000 | 5,673,504,000 | 5,715,055,000 | 5,781,359,000 | ||||||||||
preferred stock, 0.01 par value: 100,000 authorized as of december 31, 2024 and december 31, 2025 | ||||||||||||||||||||||||||||||||||
series a non-voting perpetual preferred stock; 12 designated and 10 issued and outstanding as of december 31, 2024 and december 31, 2025 | ||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value: 100,000 authorized as of december 31, 2024 and september 30, 2025 | ||||||||||||||||||||||||||||||||||
series a non-voting perpetual preferred stock; 12 designated and 10 issued and outstanding as of december 31, 2024 and september 30, 2025 | ||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value: 100,000 authorized as of december 31, 2024 and june 30, 2025 | ||||||||||||||||||||||||||||||||||
series a non-voting perpetual preferred stock; 12 designated and 10 issued and outstanding as of december 31, 2024 and june 30, 2025 | ||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value: 100,000 authorized as of december 31, 2024 and march 31, 2025 | ||||||||||||||||||||||||||||||||||
series a non-voting perpetual preferred stock; 12 designated and 10 issued and outstanding as of december 31, 2024 and march 31, 2025 | ||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value: 100,000 authorized as of december 31, 2023 and december 31, 2024 | ||||||||||||||||||||||||||||||||||
series a non-voting perpetual preferred stock; 12 designated and 10 issued and outstanding as of december 31, 2023 and december 31, 2024 | ||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value: 100,000 authorized as of december 31, 2023 and september 30, 2024 | ||||||||||||||||||||||||||||||||||
series a non-voting perpetual preferred stock; 12 designated and 10 issued and outstanding as of december 31, 2023 and september 30, 2024 | ||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value: 100,000 authorized as of december 31, 2023 and june 30, 2024 | ||||||||||||||||||||||||||||||||||
series a non-voting perpetual preferred stock; 12 designated and 10 issued and outstanding as of december 31, 2023 and june 30, 2024 | ||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value: 100,000 authorized as of december 31, 2023 and march 31, 2024 | ||||||||||||||||||||||||||||||||||
series a non-voting perpetual preferred stock; 12 designated and 10 issued and outstanding as of december 31, 2023 and march 31, 2024 | ||||||||||||||||||||||||||||||||||
| 2,023,000 | 2,023,000 | 2,023,000 | 2,022,000 | 2,022,000 | 2,022,000 | 2,021,000 | 2,021,000 | 2,021,000 | 2,020,000 | 2,020,000 | 2,020,000 | 2,019,000 | 2,019,000 | ||||||||||||||||||||
preferred stock, 0.01 par value: 100,000 authorized as of december 31, 2022 and 2023 | ||||||||||||||||||||||||||||||||||
series a non-voting perpetual preferred stock; 12 designated and 10 issued and outstanding as of december 31, 2022 and 2023 | ||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value: 100,000 authorized as of december 31, 2022 and september 30, 2023 | ||||||||||||||||||||||||||||||||||
series a non-voting perpetual preferred stock; 12 designated and 10 issued and outstanding as of december 31, 2022 and september 30, 2023 | ||||||||||||||||||||||||||||||||||
revenue: | ||||||||||||||||||||||||||||||||||
gathering and compression–antero resources | 214,992,000 | 211,068,000 | 199,576,000 | 185,640,000 | 184,071,000 | 182,443,000 | 188,716,000 | 192,667,000 | 185,161,000 | 190,214,000 | 173,991,000 | 163,129,000 | 175,719,000 | 168,925,000 | ||||||||||||||||||||
water handling–antero resources | 66,132,000 | 64,613,000 | 77,295,000 | 61,411,000 | 62,262,000 | 53,321,000 | 53,511,000 | 57,718,000 | 56,603,000 | 61,001,000 | 63,351,000 | 98,184,000 | ||||||||||||||||||||||
water handling–third party | 383,000 | 274,000 | 272,000 | 1,651,000 | 242,000 | 395,000 | 245,000 | 70,000 | 25,000 | |||||||||||||||||||||||||
amortization of customer relationships | -17,668,000 | -17,668,000 | -17,668,000 | -17,668,000 | -17,668,000 | -17,668,000 | -17,668,000 | -17,668,000 | -17,668,000 | -17,800,000 | -17,606,000 | -17,605,000 | -28,863,000 | -8,534,000 | ||||||||||||||||||||
total revenue | 263,839,000 | 258,287,000 | 259,475,000 | 231,034,000 | 228,907,000 | 218,491,000 | 224,804,000 | 232,787,000 | 224,121,000 | 233,415,000 | 219,736,000 | 243,708,000 | 243,795,000 | 255,618,000 | ||||||||||||||||||||
operating expenses: | ||||||||||||||||||||||||||||||||||
direct operating | 51,914,000 | 52,595,000 | 57,873,000 | 46,648,000 | 43,299,000 | 42,012,000 | 39,499,000 | 39,555,000 | 39,314,000 | 38,052,000 | 42,067,000 | 48,728,000 | 61,808,000 | 63,998,000 | ||||||||||||||||||||
general and administrative | 17,633,000 | 18,162,000 | 17,347,000 | 13,587,000 | 16,079,000 | 17,931,000 | 14,810,000 | 14,251,000 | 17,930,000 | 13,232,000 | 12,422,000 | 13,537,000 | 30,595,000 | 34,622,000 | ||||||||||||||||||||
facility idling | 722,000 | 637,000 | 574,000 | 865,000 | 1,185,000 | 1,148,000 | 870,000 | 984,000 | 1,179,000 | 2,527,000 | 2,475,000 | 8,678,000 | 1,512,000 | |||||||||||||||||||||
depreciation | 30,745,000 | 35,233,000 | 35,196,000 | 34,206,000 | 35,675,000 | 28,300,000 | 27,487,000 | 26,619,000 | 26,850,000 | 26,801,000 | 27,745,000 | 27,343,000 | 24,460,000 | 36,447,000 | ||||||||||||||||||||
accretion of asset retirement obligations | 45,000 | 44,000 | 44,000 | 50,000 | 64,000 | 64,000 | 114,000 | 114,000 | 119,000 | 39,000 | 61,000 | 42,000 | 54,000 | 69,000 | ||||||||||||||||||||
gain on asset sale | 467,000 | 5,814,000 | -245,000 | -2,092,000 | -32,000 | -118,000 | -135,000 | |||||||||||||||||||||||||||
total operating expenses | 101,526,000 | 112,764,000 | 111,130,000 | 93,264,000 | 100,511,000 | 89,337,000 | 82,983,000 | 81,388,000 | 90,534,000 | 81,598,000 | 85,010,000 | 762,872,000 | 577,884,000 | 138,027,000 | 41,134,000 | 10,803,000 | 11,509,000 | |||||||||||||||||
operating income | 162,313,000 | 145,523,000 | 148,345,000 | 137,770,000 | 128,396,000 | 129,154,000 | 141,821,000 | 151,399,000 | 133,587,000 | 151,817,000 | 134,726,000 | -519,164,000 | -334,089,000 | 117,591,000 | 28,586,000 | 27,013,000 | 21,636,000 | |||||||||||||||||
other income: | ||||||||||||||||||||||||||||||||||
interest expense | -55,233,000 | -55,388,000 | -54,624,000 | -47,835,000 | -45,426,000 | -44,279,000 | -44,544,000 | -43,505,000 | -42,866,000 | -34,501,000 | -35,311,000 | -37,631,000 | -36,134,000 | -31,521,000 | -68,000 | 18,000 | ||||||||||||||||||
equity in earnings of unconsolidated affiliates | 27,397,000 | 25,972,000 | 24,456,000 | 24,411,000 | 22,824,000 | 23,232,000 | 24,088,000 | 21,515,000 | 20,744,000 | 23,173,000 | 20,947,000 | 19,077,000 | 18,478,000 | 13,623,000 | ||||||||||||||||||||
total other income | -27,836,000 | -29,416,000 | -30,168,000 | -23,424,000 | -22,602,000 | -21,047,000 | -20,456,000 | -42,691,000 | ||||||||||||||||||||||||||
income before income taxes | 134,477,000 | 116,107,000 | 118,177,000 | 114,346,000 | 105,794,000 | 108,107,000 | 121,365,000 | 108,708,000 | 111,465,000 | 140,489,000 | 120,362,000 | -537,718,000 | -351,745,000 | 28,586,000 | 26,945,000 | 21,618,000 | 18,893,000 | |||||||||||||||||
income tax expense | -36,657,000 | -29,095,000 | -31,670,000 | -30,332,000 | -26,399,000 | -28,067,000 | ||||||||||||||||||||||||||||
net income and comprehensive income | 97,820,000 | 87,012,000 | 86,507,000 | 84,014,000 | 79,395,000 | 80,040,000 | 89,327,000 | 80,223,000 | 83,441,000 | 105,507,000 | 88,441,000 | -392,933,000 | -289,477,000 | 69,274,000 | 2,325,000 | 18,028,000 | 14,387,000 | 12,805,000 | ||||||||||||||||
net income per share | 200 | 180 | 180 | 180 | 170 | 170 | 190 | 170 | 170 | 220 | 190 | -810 | -570 | 140 | ||||||||||||||||||||
weighted-average common shares outstanding: | ||||||||||||||||||||||||||||||||||
basic | 479,676,000 | 479,502,000 | 478,612,000 | 478,460,000 | 478,317,000 | 477,646,000 | 477,442,000 | 477,290,000 | 476,850,000 | 476,578,000 | 476,836,000 | 483,103,000 | 506,419,000 | 506,816,000 | ||||||||||||||||||||
diluted | 482,840,000 | 481,512,000 | 481,459,000 | 480,318,000 | 480,270,000 | 480,173,000 | 479,695,000 | 479,530,000 | 479,272,000 | 478,694,000 | 478,837,000 | 483,103,000 | 506,419,000 | 507,767,000 | ||||||||||||||||||||
preferred stock, 0.01 par value: 100,000 authorized as of december 31, 2022 and june 30, 2023 | ||||||||||||||||||||||||||||||||||
series a non-voting perpetual preferred stock; 12 designated and 10 issued and outstanding as of december 31, 2022 and june 30, 2023 | ||||||||||||||||||||||||||||||||||
impairment of property and equipment | 3,702,000 | 203,000 | 1,379,000 | 947,000 | 89,083,000 | 407,848,000 | 594,000 | |||||||||||||||||||||||||||
loss on settlement of asset retirement obligations | 279,000 | 341,000 | 539,000 | |||||||||||||||||||||||||||||||
preferred stock, 0.01 par value: 100,000 authorized as of december 31, 2022 and march 31, 2023 | ||||||||||||||||||||||||||||||||||
series a non-voting perpetual preferred stock; 12 designated and 10 issued and outstanding as of december 31, 2022 and march 31, 2023 | ||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value: 100,000 authorized as of december 31, 2021 and september 30, 2022 | ||||||||||||||||||||||||||||||||||
series a non-voting perpetual preferred stock; 12 designated and 10 issued and outstanding as of december 31, 2021 and september 30, 2022 | ||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value: 100,000 authorized as of december 31, 2021 and june 30, 2022 | ||||||||||||||||||||||||||||||||||
series a non-voting perpetual preferred stock; 12 designated and 10 issued and outstanding as of december 31, 2021 and june 30, 2022 | ||||||||||||||||||||||||||||||||||
loss on early extinguishment of debt | -20,701,000 | |||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value: 100,000 authorized as of december 31, 2021 and march 31, 2022 | ||||||||||||||||||||||||||||||||||
series a non-voting perpetual preferred stock; 12 designated and 10 issued and outstanding as of december 31, 2021 and march 31, 2022 | ||||||||||||||||||||||||||||||||||
accumulated deficit | -52,435,000 | -132,475,000 | -211,101,000 | -300,428,000 | -380,651,000 | -464,092,000 | -540,550,000 | |||||||||||||||||||||||||||
deferred income tax asset | ||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value: 100,000 authorized as of december 31, 2020 and 2021 | ||||||||||||||||||||||||||||||||||
series a non-voting perpetual preferred stock; 12 designated and 10 issued and outstanding as of december 31, 2020 and 2021 | ||||||||||||||||||||||||||||||||||
deferred tax asset | 14,855,000 | 46,893,000 | 75,378,000 | 103,402,000 | 125,596,000 | 160,579,000 | 192,499,000 | 103,231,000 | 35,530,000 | 3,681,000 | 1,304,000 | |||||||||||||||||||||||
preferred stock, 0.01 par value: 100,000 authorized as of december 31, 2020 and september 30, 2021 | ||||||||||||||||||||||||||||||||||
series a non-voting perpetual preferred stock; 12 designated and 10 issued and outstanding as of december 31, 2020 and september 30, 2021 | ||||||||||||||||||||||||||||||||||
benefit from income tax expense | -32,038,000 | -28,485,000 | -31,921,000 | -30,419,000 | ||||||||||||||||||||||||||||||
preferred stock, 0.01 par value: 100,000 authorized as of both december 31, 2020 and june 30, 2021 | ||||||||||||||||||||||||||||||||||
series a non-voting perpetual preferred stock; 12 designated and 10 issued and outstanding as of both december 31, 2020 and june 30, 2021 | ||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value: 100,000 authorized as of both december 31, 2020 and march 31, 2021 | ||||||||||||||||||||||||||||||||||
series a non-voting perpetual preferred stock; 12 designated and 10 issued and outstanding as of both december 31, 2020 and march 31, 2021 | ||||||||||||||||||||||||||||||||||
impairment of goodwill | 575,461,000 | 43,759,000 | ||||||||||||||||||||||||||||||||
loss on asset sale | 3,763,000 | 240,000 | ||||||||||||||||||||||||||||||||
benefit from income tax benefit | -28,024,000 | -34,982,000 | 144,785,000 | 62,268,000 | ||||||||||||||||||||||||||||||
goodwill | 575,461,000 | 902,777,000 | 1,135,266,000 | 1,135,266,000 | ||||||||||||||||||||||||||||||
contingent acquisition consideration | 125,000,000 | 122,247,000 | 120,270,000 | 117,972,000 | ||||||||||||||||||||||||||||||
preferred stock, 0.01 par value: 100,000 authorized as of both december 31, 2019 and 2020 | ||||||||||||||||||||||||||||||||||
series a non-voting perpetual preferred stock; 12 designated and 10 issued and outstanding as of both december 31, 2019 and 2020 | ||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value: 100,000 authorized at december 31, 2019 and september 30, 2020, respectively | ||||||||||||||||||||||||||||||||||
series a non-voting perpetual preferred stock; 12 designated and 10 issued and outstanding at both december 31, 2019 and september 30, 2020 | ||||||||||||||||||||||||||||||||||
impairment of customer relationships | 5,871,000 | |||||||||||||||||||||||||||||||||
accretion and change in fair value of contingent acquisition consideration | 1,977,000 | 2,297,000 | ||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value: 100,000 authorized at december 31, 2019 and june 30, 2020, respectively | ||||||||||||||||||||||||||||||||||
series a non-voting perpetual preferred stock; 12 designated and 10 issued and outstanding at both december 31, 2019 and june 30, 2020 | ||||||||||||||||||||||||||||||||||
accumulated loss | -646,057,000 | -734,498,000 | -341,565,000 | |||||||||||||||||||||||||||||||
water handling and treatment–third party | 46,000 | |||||||||||||||||||||||||||||||||
liabilities and equity | ||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value: 100,000 authorized at december 31, 2019 and march 31, 2020, respectively | ||||||||||||||||||||||||||||||||||
series a non-voting perpetual preferred stock; 12 designated and 10 issued and outstanding at december 31, 2019 and march 31, 2020, respectively | ||||||||||||||||||||||||||||||||||
taxes payable | 15,678,000 | 15,678,000 | ||||||||||||||||||||||||||||||||
partners' capital and stockholders' equity: | ||||||||||||||||||||||||||||||||||
common shareholders—186,219 shares issued and outstanding at december 31, 2018; none issued and outstanding at december 31, 2019 | ||||||||||||||||||||||||||||||||||
idr llc series b units | 72,830,000 | 35,289,000 | 35,196,000 | 35,104,000 | 35,474,000 | |||||||||||||||||||||||||||||
preferred stock, 0.01 par value: none authorized or issued at december 31, 2018; 100,000 authorized at december 31, 2019 | ||||||||||||||||||||||||||||||||||
series a non-voting perpetual preferred stock; none designated, issued or outstanding at december 31, 2018; 12 designated and 10 issued and outstanding at december 31, 2019 | ||||||||||||||||||||||||||||||||||
total partners' capital and stockholders' equity | 3,143,414,000 | 3,523,030,000 | 3,972,359,000 | 4,035,550,000 | ||||||||||||||||||||||||||||||
total liabilities and partners' capital and stockholders' equity | 6,282,878,000 | 6,445,504,000 | 6,769,009,000 | 6,668,427,000 | ||||||||||||||||||||||||||||||
asset retirement obligations | 2,630,000 | 2,615,000 | 1,925,000 | |||||||||||||||||||||||||||||||
common shareholders—186,219 shares issued and outstanding at december 31, 2018; none issued and outstanding at september 30, 2019 | ||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value: none authorized or issued at december 31, 2018; 100,000 authorized at september 30, 2019 | ||||||||||||||||||||||||||||||||||
series a non-voting perpetual preferred stock; none designated, issued or outstanding at december 31, 2018; 12 designated and 10 issued and outstanding at september 30, 2019 | ||||||||||||||||||||||||||||||||||
accumulated earnings | -197,006,000 | 92,471,000 | 23,197,000 | |||||||||||||||||||||||||||||||
water handling and treatment–antero resources | 96,939,000 | 95,181,000 | ||||||||||||||||||||||||||||||||
deferred tax liability | 26,738,000 | |||||||||||||||||||||||||||||||||
common shareholders—186,219 shares issued and outstanding at december 31, 2018; none issued and outstanding at june 30, 2019 | ||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value: none authorized or issued at december 31, 2018; 100,000 authorized at june 30, 2019 | ||||||||||||||||||||||||||||||||||
series a non-voting perpetual preferred stock; none designated, issued or outstanding at december 31, 2018; 12 designated and 10 issued and outstanding at june 30, 2019 | ||||||||||||||||||||||||||||||||||
income before taxes | 99,693,000 | |||||||||||||||||||||||||||||||||
common shareholders—186,219,438 shares issued and outstanding at december 31, 2018; none issued and outstanding at march 31, 2019 | ||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value: none authorized or issued at december 31, 2018; 100,000,000 authorized at march 31, 2019 | ||||||||||||||||||||||||||||||||||
series a non-voting perpetual preferred stock; none designated, issued or outstanding at december 31, 2018; 12,000 designated and 10,000 issued and outstanding at march 31, 2019 | ||||||||||||||||||||||||||||||||||
cash | 2,822,000 | 4,246,000 | 5,300,000 | 14,482,000 | 5,987,000 | |||||||||||||||||||||||||||||
prepaid expenses and other current assets | 87,000 | |||||||||||||||||||||||||||||||||
investment in antero midstream partners lp | 43,492,000 | 37,816,000 | 33,137,000 | 28,453,000 | 23,772,000 | |||||||||||||||||||||||||||||
liabilities and partners' capital | ||||||||||||||||||||||||||||||||||
accounts payable–affiliate | 731,000 | |||||||||||||||||||||||||||||||||
accounts payable and accrued liabilities | 435,000 | 939,000 | 823,000 | 843,000 | 293,000 | |||||||||||||||||||||||||||||
partners' capital: | ||||||||||||||||||||||||||||||||||
common shareholders–public | -41,969,000 | |||||||||||||||||||||||||||||||||
total partners' capital | 30,861,000 | 25,126,000 | 23,084,000 | 21,443,000 | 15,608,000 | |||||||||||||||||||||||||||||
total liabilities and partners' capital | 47,705,000 | 42,258,000 | 39,408,000 | 43,090,000 | 29,759,000 | |||||||||||||||||||||||||||||
equity in earnings of antero midstream partners lp | 69,720,000 | 37,816,000 | 33,145,000 | 28,453,000 | -45,948,000 | |||||||||||||||||||||||||||||
total income | 69,720,000 | 37,816,000 | 33,145,000 | 28,453,000 | ||||||||||||||||||||||||||||||
general and administrative expense | 6,201,000 | 2,229,000 | 2,398,000 | 925,000 | ||||||||||||||||||||||||||||||
equity-based compensation | 34,933,000 | 8,574,000 | 9,111,000 | 8,635,000 | 26,271,000 | |||||||||||||||||||||||||||||
benefit from income taxes | -26,261,000 | -8,917,000 | -7,231,000 | -6,088,000 | ||||||||||||||||||||||||||||||
net income attributable to vested series b units | -784,000 | -598,000 | -506,000 | |||||||||||||||||||||||||||||||
pre-ipo net income attributed to parent | 4,939,000 | |||||||||||||||||||||||||||||||||
net income attributable to common shareholders | 6,480,000 | 17,430,000 | 13,881,000 | 12,392,000 | ||||||||||||||||||||||||||||||
net income per common share–basic and diluted | 30 | 90 | ||||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding–basic and diluted | 186,176,000 | |||||||||||||||||||||||||||||||||
prepaid expenses | 56,000 | 867,000 | 155,000 | -49,000 | ||||||||||||||||||||||||||||||
deferred financing costs | 140,000 | 104,000 | ||||||||||||||||||||||||||||||||
income taxes payable | 13,223,000 | 13,310,000 | 19,946,000 | 13,858,000 | 2,226,000 | |||||||||||||||||||||||||||||
non-current liability: | ||||||||||||||||||||||||||||||||||
liability for equity-based compensation | 2,970,000 | 2,191,000 | 858,000 | |||||||||||||||||||||||||||||||
common shareholders - public | -10,163,000 | -12,112,000 | -13,661,000 | -19,866,000 | ||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding–basic | 186,208,000 | |||||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding–diluted | 186,208,000 | |||||||||||||||||||||||||||||||||
net income per common share - basic and diluted | 70 | 70 | ||||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding - basic and diluted | 186,199,000 | 186,188,000 | ||||||||||||||||||||||||||||||||
total expenses | 9,560,000 | |||||||||||||||||||||||||||||||||
net income attributable to series b units | -413,000 | |||||||||||||||||||||||||||||||||
accounts receivable - related party | ||||||||||||||||||||||||||||||||||
antero resources midstream management llc members' equity | ||||||||||||||||||||||||||||||||||
cash flows from operating activities: | ||||||||||||||||||||||||||||||||||
net income | -3,582,000 | |||||||||||||||||||||||||||||||||
adjustment to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||
distributions received from antero midstream partners lp | 34,424,000 | |||||||||||||||||||||||||||||||||
deferred income taxes | ||||||||||||||||||||||||||||||||||
changes in current assets and liabilities: | ||||||||||||||||||||||||||||||||||
accounts payable | ||||||||||||||||||||||||||||||||||
net cash from operating activities | 13,527,000 | |||||||||||||||||||||||||||||||||
cash flows used in investing activities | ||||||||||||||||||||||||||||||||||
cash flows used in financing activities | ||||||||||||||||||||||||||||||||||
distributions to antero resources investment llc | -15,691,000 | |||||||||||||||||||||||||||||||||
distributions to shareholders | -5,026,000 | |||||||||||||||||||||||||||||||||
net cash from financing activities | -20,717,000 | |||||||||||||||||||||||||||||||||
net increase in cash | -7,190,000 | |||||||||||||||||||||||||||||||||
cash, beginning of period | 9,609,000 | |||||||||||||||||||||||||||||||||
cash, end of period | 2,419,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||
net income | 118,266,000 | 51,929,000 | 115,984,000 | 124,513,000 | 120,737,000 | 111,189,000 | 99,740,000 | 86,037,000 | 103,926,000 | 100,447,000 | 97,820,000 | 87,012,000 | 86,507,000 | 82,793,000 | 84,014,000 | 79,395,000 | 80,040,000 | 78,626,000 | 89,327,000 | 80,223,000 | 83,441,000 | 76,458,000 | 105,507,000 | 88,441,000 | -392,933,000 | -144,559,000 | -289,477,000 | 69,274,000 | 9,648,000 | 21,388,000 | 18,028,000 | 14,387,000 | 12,805,000 | 5,907,000 | 2,978,000 | -3,261,000 | -3,299,000 |
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||
depreciation | 34,635,000 | 33,733,000 | 34,465,000 | 33,364,000 | 32,748,000 | 32,795,000 | 32,534,000 | 37,576,000 | 37,095,000 | 34,885,000 | 30,745,000 | 35,233,000 | 35,196,000 | 33,581,000 | 34,206,000 | 35,675,000 | 28,300,000 | 27,834,000 | 27,487,000 | 26,619,000 | 26,850,000 | 26,901,000 | 26,801,000 | 27,745,000 | 27,343,000 | 26,969,000 | 24,460,000 | 36,447,000 | 7,650,000 | ||||||||
impairment of property and equipment | 0 | 167,000 | 0 | 817,000 | 0 | 407,848,000 | |||||||||||||||||||||||||||||||
deferred income tax expense | 37,639,000 | 24,916,000 | 47,978,000 | 42,077,000 | 34,416,000 | 44,603,000 | 38,202,000 | 28,436,000 | 36,488,000 | 37,242,000 | 36,657,000 | 29,095,000 | 31,670,000 | 32,696,000 | 30,332,000 | 26,399,000 | 28,067,000 | 28,576,000 | 32,038,000 | 28,485,000 | 28,024,000 | ||||||||||||||||
equity-based compensation | 10,579,000 | 11,123,000 | 11,026,000 | 11,407,000 | 12,402,000 | 11,461,000 | 11,945,000 | 11,599,000 | 9,327,000 | 8,431,000 | 8,349,000 | 8,499,000 | 6,327,000 | 5,628,000 | 5,553,000 | 5,641,000 | 2,832,000 | 3,203,000 | 3,255,000 | 3,059,000 | 4,012,000 | 3,065,000 | 3,678,000 | 2,697,000 | 3,338,000 | 20,422,000 | 20,129,000 | 21,543,000 | 11,423,000 | 8,792,000 | 8,574,000 | 9,110,000 | 8,635,000 | 8,662,000 | 8,317,000 | 9,631,000 | 8,323,000 |
equity in earnings of unconsolidated affiliates | -30,012,000 | -28,715,000 | -29,688,000 | -30,016,000 | -28,020,000 | -27,778,000 | -27,668,000 | -27,597,000 | -27,530,000 | -27,631,000 | -27,397,000 | -25,972,000 | -24,456,000 | -23,751,000 | -24,411,000 | -22,824,000 | -23,232,000 | -24,104,000 | -24,088,000 | -21,515,000 | -20,744,000 | -23,233,000 | -23,173,000 | -20,947,000 | -19,077,000 | -16,334,000 | -18,478,000 | -13,623,000 | -2,880,000 | ||||||||
distributions from unconsolidated affiliates | 35,720,000 | 35,175,000 | 37,365,000 | 35,355,000 | 33,375,000 | 34,749,000 | 31,981,000 | 33,970,000 | 34,960,000 | 36,935,000 | 31,330,000 | 29,465,000 | 34,105,000 | 29,990,000 | 29,965,000 | 29,375,000 | 31,130,000 | 31,875,000 | 28,930,000 | 26,275,000 | 31,910,000 | 29,545,000 | 27,485,000 | 18,200,000 | 23,628,000 | 21,750,000 | 18,710,000 | 19,085,000 | 4,775,000 | ||||||||
amortization of customer relationships | 21,210,000 | 17,668,000 | 17,668,000 | 17,668,000 | 17,668,000 | 17,668,000 | 17,668,000 | 17,668,000 | 17,668,000 | 17,668,000 | 17,668,000 | 17,668,000 | 17,668,000 | 17,668,000 | 17,668,000 | 17,668,000 | 17,668,000 | 17,668,000 | 17,668,000 | 17,668,000 | 17,668,000 | 17,661,000 | 17,800,000 | 17,606,000 | 17,605,000 | 17,832,000 | 28,863,000 | 8,534,000 | 1,781,000 | ||||||||
amortization of deferred financing costs | 1,512,000 | 1,317,000 | 1,317,000 | 1,314,000 | 1,307,000 | 1,283,000 | 1,571,000 | 1,495,000 | 1,655,000 | 1,516,000 | 1,506,000 | 1,483,000 | 1,474,000 | 1,448,000 | 1,440,000 | 1,418,000 | 1,410,000 | 1,397,000 | 1,419,000 | 1,345,000 | 1,388,000 | 1,204,000 | 1,109,000 | 1,100,000 | 1,090,000 | 1,060,000 | 1,021,000 | 851,000 | 251,000 | 58,000 | 72,000 | ||||||
settlement of asset retirement obligations | -34,000 | -150,000 | -59,000 | -48,000 | -210,000 | -282,000 | -99,000 | -250,000 | -164,000 | -389,000 | -174,000 | -537,000 | -158,000 | -4,059,000 | -479,000 | -461,000 | -455,000 | -571,000 | -212,000 | -194,000 | -408,000 | -666,000 | -916,000 | ||||||||||||||
gain on long-lived assets | -2,658,000 | ||||||||||||||||||||||||||||||||||||
other operating activities | 34,000 | 49,000 | 49,000 | 50,000 | 44,000 | ||||||||||||||||||||||||||||||||
changes in assets and liabilities: | |||||||||||||||||||||||||||||||||||||
accounts receivable–antero resources | -8,450,000 | -2,810,000 | 3,062,000 | 12,382,000 | -8,825,000 | -17,144,000 | 3,214,000 | 3,515,000 | -16,156,000 | 4,409,000 | -1,397,000 | 3,737,000 | -9,207,000 | -8,950,000 | -503,000 | 3,045,000 | 3,054,000 | 3,954,000 | 4,845,000 | -1,223,000 | -15,051,000 | 10,225,000 | -7,860,000 | 14,481,000 | 10,460,000 | 4,153,000 | -83,000 | 7,083,000 | 31,331,000 | ||||||||
accounts receivable–third party | -246,000 | -48,000 | 69,000 | 269,000 | 35,000 | -135,000 | 128,000 | 652,000 | 103,000 | -77,000 | -45,000 | 50,000 | 431,000 | 1,545,000 | -1,339,000 | 57,000 | 460,000 | 310,000 | -183,000 | -31,000 | 808,000 | 295,000 | 50,000 | 91,000 | 998,000 | 173,000 | 3,000 | 27,000 | -18,000 | ||||||||
other current assets | -99,000 | -377,000 | -165,000 | 500,000 | -695,000 | -844,000 | -389,000 | 641,000 | -189,000 | -734,000 | -507,000 | -280,000 | -520,000 | -555,000 | 84,000 | 40,000 | 118,000 | -260,000 | -260,000 | 477,000 | 593,000 | -881,000 | 106,000 | 413,000 | 517,000 | 1,453,000 | 79,000 | 494,000 | -2,361,000 | ||||||||
accounts payable–antero resources | 982,000 | 1,142,000 | -167,000 | -1,463,000 | 1,629,000 | -1,197,000 | 1,496,000 | -1,069,000 | 716,000 | 499,000 | 749,000 | -1,855,000 | -660,000 | 2,788,000 | 421,000 | -2,657,000 | 230,000 | 1,497,000 | -1,081,000 | 1,311,000 | -935,000 | 1,433,000 | -285,000 | 1,038,000 | -1,470,000 | -1,600,000 | -1,476,000 | 1,417,000 | -444,000 | ||||||||
accounts payable–third party | 6,350,000 | -3,158,000 | -669,000 | 694,000 | 1,056,000 | 4,822,000 | -4,487,000 | 1,041,000 | 2,346,000 | -8,980,000 | 2,103,000 | -2,950,000 | 2,061,000 | -4,255,000 | 2,748,000 | -4,282,000 | 13,762,000 | -10,363,000 | 5,693,000 | 579,000 | 4,786,000 | -5,038,000 | 744,000 | -1,119,000 | 6,614,000 | -6,127,000 | 994,000 | -3,175,000 | -1,454,000 | ||||||||
income taxes payable | 348,000 | -395,000 | -794,000 | 1,783,000 | 0 | 0 | -88,000 | -6,636,000 | 6,088,000 | 4,958,000 | 5,316,000 | -7,515,000 | 4,425,000 | ||||||||||||||||||||||||
accrued liabilities | 13,196,000 | 26,735,000 | -24,588,000 | 17,911,000 | -21,325,000 | 21,635,000 | -21,149,000 | 6,975,000 | 10,213,000 | 2,791,000 | 4,518,000 | -1,199,000 | 2,141,000 | 2,026,000 | -862,000 | -3,245,000 | 1,334,000 | -9,000 | -40,000 | 10,916,000 | -18,213,000 | 37,098,000 | -28,539,000 | 21,151,000 | -42,852,000 | 28,329,000 | -4,278,000 | 16,919,000 | -32,289,000 | -872,000 | -117,000 | 1,174,000 | |||||
net cash from operating activities | 238,624,000 | 255,503,000 | 212,836,000 | 265,183,000 | 198,942,000 | 232,691,000 | 184,936,000 | 215,806,000 | 210,561,000 | 208,321,000 | 202,437,000 | 185,586,000 | 182,719,000 | 168,628,000 | 176,795,000 | 169,517,000 | 184,664,000 | 164,262,000 | 185,115,000 | 194,674,000 | 165,701,000 | 206,493,000 | 184,742,000 | 241,427,000 | 120,720,000 | 192,515,000 | 177,708,000 | 182,577,000 | 69,587,000 | 25,991,000 | 22,942,000 | 11,356,000 | 23,242,000 | 14,553,000 | 11,745,000 | -5,364,000 | 7,146,000 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | 238,624,000 | 255,503,000 | 212,836,000 | 265,183,000 | 198,942,000 | 232,691,000 | 184,936,000 | 215,806,000 | 210,561,000 | 208,321,000 | 202,437,000 | 185,586,000 | 182,719,000 | 168,628,000 | 176,795,000 | 169,517,000 | 184,664,000 | 164,262,000 | 185,115,000 | 194,674,000 | 165,701,000 | 206,493,000 | 184,742,000 | 241,427,000 | 120,720,000 | 192,515,000 | 177,708,000 | 182,577,000 | 69,587,000 | 25,991,000 | 22,942,000 | 11,356,000 | 23,242,000 | 14,553,000 | 11,745,000 | -5,364,000 | 7,146,000 |
cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||
additions to gathering systems, facilities and other | -19,437,000 | -23,573,000 | -24,866,000 | -21,013,000 | -22,081,000 | -31,318,000 | -48,184,000 | -34,607,000 | -27,723,000 | ||||||||||||||||||||||||||||
additions to water handling systems | -18,469,000 | -25,245,000 | -21,309,000 | -15,721,000 | -8,447,000 | -7,022,000 | -7,351,000 | -8,792,000 | -7,350,000 | -13,578,000 | -14,267,000 | -11,823,000 | -13,760,000 | -25,616,000 | -15,378,000 | -16,836,000 | -13,533,000 | -10,016,000 | -13,514,000 | -9,377,000 | -13,330,000 | -11,506,000 | -7,810,000 | -6,153,000 | -13,324,000 | ||||||||||||
additional investments in unconsolidated affiliate | -900,000 | 0 | -1,575,000 | -3,330,000 | -1,748,000 | ||||||||||||||||||||||||||||||||
acquisition of hg midstream | -1,120,593,000 | ||||||||||||||||||||||||||||||||||||
proceeds from asset sales | 378,628,000 | ||||||||||||||||||||||||||||||||||||
net cash from investing activities | -780,771,000 | -49,972,000 | -46,906,000 | -40,063,000 | -32,271,000 | -39,657,000 | -54,654,000 | -111,299,000 | -37,123,000 | -53,698,000 | -45,297,000 | -42,060,000 | -42,151,000 | -277,870,000 | -53,264,000 | -78,546,000 | -84,146,000 | -75,877,000 | -83,661,000 | -46,051,000 | -27,653,000 | -31,225,000 | -44,665,000 | -65,964,000 | -77,377,000 | -169,382,000 | -134,892,000 | -160,223,000 | -61,178,000 | ||||||||
cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||
dividends to common stockholders | -111,096,000 | -107,187,000 | -107,686,000 | -111,519,000 | -112,615,000 | -108,382,000 | -108,516,000 | -112,818,000 | -107,918,000 | -107,975,000 | -107,900,000 | -110,607,000 | -108,364,000 | ||||||||||||||||||||||||
dividends to preferred stockholders | -138,000 | -137,000 | -138,000 | -137,000 | -138,000 | -137,000 | -138,000 | -137,000 | -138,000 | -137,000 | -138,000 | -137,000 | -138,000 | -137,000 | -138,000 | -137,000 | -138,000 | -137,000 | -138,000 | -137,000 | -138,000 | ||||||||||||||||
repurchases of common stock | -18,013,000 | -48,312,000 | -41,329,000 | -16,771,000 | -28,569,000 | 0 | 0 | -8,889,000 | -15,824,000 | -100,000,000 | |||||||||||||||||||||||||||
borrowings on credit facility | 1,076,900,000 | 379,200,000 | 822,000,000 | 263,200,000 | 304,300,000 | 265,500,000 | 293,100,000 | 761,300,000 | 245,100,000 | ||||||||||||||||||||||||||||
repayments on credit facility | -634,500,000 | -758,800,000 | -831,700,000 | -351,300,000 | -311,200,000 | -321,100,000 | -308,900,000 | -205,600,000 | -875,200,000 | ||||||||||||||||||||||||||||
payments of deferred financing costs | -1,319,000 | -6,847,000 | -55,000 | -5,464,000 | -192,000 | -7,082,000 | 0 | 0 | 0 | -302,000 | -7,154,000 | -694,000 | -8,212,000 | -543,000 | -371,000 | -1,571,000 | 0 | -215,000 | |||||||||||||||||||
employee tax withholding for settlement of equity-based compensation awards | -32,536,000 | -513,000 | -47,000 | -8,593,000 | -18,449,000 | -170,000 | -364,000 | ||||||||||||||||||||||||||||||
payments on capital lease obligations | -86,000 | ||||||||||||||||||||||||||||||||||||
net cash from financing activities | 279,212,000 | 57,404,000 | -165,930,000 | -225,120,000 | -166,671,000 | -193,034,000 | -130,282,000 | -130,595,000 | -147,416,000 | -154,557,000 | -157,140,000 | -143,526,000 | -140,568,000 | 109,242,000 | -123,531,000 | -90,971,000 | -100,518,000 | -88,385,000 | -102,132,000 | -148,206,000 | -138,427,000 | -177,021,000 | -140,681,000 | -172,466,000 | -44,578,000 | -21,898,000 | -50,607,000 | -16,531,000 | -9,263,000 | -27,415,000 | -23,996,000 | -20,538,000 | -14,747,000 | -10,985,000 | |||
net decrease in cash, cash equivalents and restricted cash | -262,935,000 | ||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, beginning of period | 262,935,000 | ||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, end of period | |||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash flow information: | |||||||||||||||||||||||||||||||||||||
cash paid during the period for interest | 44,525,000 | 26,705,000 | 67,535,000 | 28,144,000 | 65,272,000 | 29,208,000 | 72,028,000 | 46,605,000 | 42,067,000 | 54,936,000 | 51,412,000 | 57,267,000 | 50,340,000 | 52,843,000 | 43,548,000 | 46,011,000 | 40,677,000 | 47,118,000 | 41,022,000 | 32,869,000 | 58,739,000 | 5,306,000 | 60,761,000 | 7,056,000 | 67,609,000 | 7,945,000 | 43,924,000 | 11,897,000 | 19,250,000 | ||||||||
increase in accrued capital expenditures and accounts payable for property and equipment | 3,146,000 | -3,584,000 | 3,586,000 | 4,783,000 | 5,012,000 | -15,829,000 | -163,000 | -7,883,000 | 11,985,000 | 6,540,000 | -9,354,000 | 127,000 | -19,952,000 | -7,566,000 | 10,388,000 | 4,320,000 | -2,815,000 | 24,710,000 | 780,000 | -7,857,000 | -6,727,000 | 3,266,000 | 25,220,000 | -2,486,000 | 11,933,000 | ||||||||||||
increase in accounts receivable–antero resources and accounts receivable–third party for the acquisition of hg midstream | 11,830,000 | ||||||||||||||||||||||||||||||||||||
right-of-use assets obtained in exchange for new operating lease obligations | 47,473,000 | ||||||||||||||||||||||||||||||||||||
loss on early extinguishment of debt | 0 | 0 | 341,000 | 13,691,000 | 59,000 | 1,056,000 | 0 | ||||||||||||||||||||||||||||||
loss on long-lived assets | |||||||||||||||||||||||||||||||||||||
income tax receivable | 0 | 0 | 0 | 0 | 16,311,000 | 296,000 | 0 | 38,910,000 | -56,457,000 | ||||||||||||||||||||||||||||
acquisition of gathering systems and facilities | 0 | 642,000 | -68,586,000 | -2,048,000 | 0 | 0 | -3,000 | -263,000 | |||||||||||||||||||||||||||||
other investing activities | -1,154,000 | 844,000 | 1,000 | 5,000 | |||||||||||||||||||||||||||||||||
issuance of senior notes | 600,000,000 | 0 | 0 | 0 | 600,000,000 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||
redemption of senior notes | 0 | 0 | 0 | -558,715,000 | -2,147,000 | 0 | 0 | ||||||||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | |||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 0 | 0 | 0 | 66,000 | 0 | 0 | 0 | 640,000 | 0 | 0 | 0 | 1,235,000 | 0 | 0 | 0 | 2,822,000 | |||||||||||||||||||||
income taxes refunded (paid) during the period | |||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | 0 | -379,000 | -1,235,000 | 1,235,000 | |||||||||||||||||||||||||||||||||
cash and cash equivalents, end of period | 26,088,000 | 417,000 | 261,000 | -1,753,000 | -604,000 | 5,823,000 | 1,968,000 | ||||||||||||||||||||||||||||||
cash received during the period for income taxes | 0 | -602,000 | 0 | 0 | 16,913,000 | 295,000 | |||||||||||||||||||||||||||||||
cash paid during the period for income taxes | 78,000 | 0 | |||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 26,022,000 | -678,000 | -604,000 | 5,823,000 | -854,000 | ||||||||||||||||||||||||||||||||
accretion of asset retirement obligations | 49,000 | 49,000 | 47,000 | 44,000 | 44,000 | 45,000 | 44,000 | 44,000 | 44,000 | 114,000 | 114,000 | 119,000 | 54,000 | 69,000 | 10,000 | ||||||||||||||||||||||
loss on settlement of asset retirement obligations | 185,000 | 0 | 279,000 | 341,000 | 0 | 0 | |||||||||||||||||||||||||||||||
loss on asset sale | -183,000 | -473,000 | -6,000 | 467,000 | -9,000 | -2,092,000 | -32,000 | -118,000 | 0 | 0 | -135,000 | 3,763,000 | 2,689,000 | 0 | |||||||||||||||||||||||
return of investment in unconsolidated affiliate | 0 | ||||||||||||||||||||||||||||||||||||
cash received in asset sales | 184,000 | 473,000 | 16,000 | 0 | 0 | 1,071,000 | |||||||||||||||||||||||||||||||
change in other assets | -1,000 | 0 | 1,000 | -2,000 | -6,000 | -11,000 | -13,000 | -2,000 | -74,000 | 0 | 0 | -358,000 | 2,296,000 | -2,437,000 | 963,000 | 2,642,000 | -267,000 | ||||||||||||||||||||
change in other liabilities | 0 | 0 | 1,000 | 0 | |||||||||||||||||||||||||||||||||
investments in unconsolidated affiliates | 0 | 0 | 0 | -1,104,000 | -209,000 | -757,000 | -465,000 | -2,814,000 | -10,298,000 | -11,690,000 | -37,020,000 | -13,930,000 | -37,680,000 | -65,729,000 | |||||||||||||||||||||||
gain on asset sale | -245,000 | ||||||||||||||||||||||||||||||||||||
employee tax withholding for settlement of equity compensation awards | -31,000 | -145,000 | -2,000 | -7,182,000 | -1,166,000 | -116,000 | -18,000 | -5,438,000 | -1,329,000 | -128,000 | -568,000 | -2,776,000 | -1,541,000 | -10,000 | -74,000 | -366,000 | -26,000 | -7,000 | -180,000 | ||||||||||||||||||
decrease in accrued capital expenditures and accounts payable for property and equipment | -5,301,000 | ||||||||||||||||||||||||||||||||||||
other | -7,000 | -13,000 | -10,000 | -11,000 | -10,000 | -39,000 | -55,000 | -56,000 | -50,000 | -53,000 | |||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||
additions to gathering systems and facilities | -31,019,000 | -29,959,000 | -29,197,000 | -37,154,000 | -58,742,000 | -60,931,000 | -70,734,000 | -65,861,000 | -69,069,000 | -36,599,000 | -15,059,000 | -19,953,000 | -34,041,000 | -49,278,000 | -54,659,000 | -96,462,000 | -81,715,000 | -81,529,000 | -7,677,000 | ||||||||||||||||||
borrowings (repayments) on bank credit facilities | -49,100,000 | -25,600,000 | -30,900,000 | 217,200,000 | -15,700,000 | 7,000,000 | 32,500,000 | ||||||||||||||||||||||||||||||
payment of contingent consideration in excess of acquisition date fair value | 0 | 26,266,000 | 0 | -34,342,000 | |||||||||||||||||||||||||||||||||
impairment | 0 | 0 | 3,460,000 | 203,000 | 0 | 1,379,000 | 8,149,000 | 947,000 | 0 | 664,544,000 | |||||||||||||||||||||||||||
cash received in asset sale | 1,700,000 | 3,879,000 | 26,000 | 121,000 | 0 | 26,000 | 134,000 | 1,493,000 | 699,000 | 0 | |||||||||||||||||||||||||||
dividends to stockholders | -107,705,000 | -107,675,000 | -109,296,000 | -108,149,000 | -107,459,000 | -107,719,000 | -108,799,000 | -147,194,000 | |||||||||||||||||||||||||||||
payment of contingent acquisition consideration | |||||||||||||||||||||||||||||||||||||
accretion | 64,000 | 64,000 | |||||||||||||||||||||||||||||||||||
borrowings on bank credit facilities | 9,400,000 | 11,000,000 | 211,000,000 | 25,000,000 | |||||||||||||||||||||||||||||||||
accretion and change in fair value of contingent acquisition consideration | 38,000 | 39,000 | 61,000 | 42,000 | 2,940,000 | 1,977,000 | 2,297,000 | 1,049,000 | |||||||||||||||||||||||||||||
distributions from antero midstream partners lp, prior to the transactions | |||||||||||||||||||||||||||||||||||||
cash received on acquisition of antero midstream partners lp | 0 | 0 | 0 | 619,532,000 | |||||||||||||||||||||||||||||||||
cash consideration paid to antero midstream partners lp unitholders | 0 | 0 | 0 | -598,709,000 | |||||||||||||||||||||||||||||||||
distributions to series b unitholders | 0 | 0 | 0 | -3,720,000 | -598,000 | -505,000 | -414,000 | -783,000 | |||||||||||||||||||||||||||||
repayments on bank credit facilities | |||||||||||||||||||||||||||||||||||||
deferred income taxes | 21,254,000 | 34,983,000 | |||||||||||||||||||||||||||||||||||
distributions to unitholders and dividends to stockholders | -146,581,000 | -146,664,000 | -147,519,000 | -148,876,000 | |||||||||||||||||||||||||||||||||
distributions to preferred stockholders | -137,000 | -138,000 | -137,000 | -138,000 | |||||||||||||||||||||||||||||||||
payment for contingent acquisition consideration | -26,266,000 | 0 | -90,658,000 | ||||||||||||||||||||||||||||||||||
cash refund received during the period for income taxes | |||||||||||||||||||||||||||||||||||||
deferred income tax benefit | -88,328,000 | -2,377,000 | |||||||||||||||||||||||||||||||||||
cash flows used in investing activities: | |||||||||||||||||||||||||||||||||||||
distributions to antero resources investment llc | 0 | ||||||||||||||||||||||||||||||||||||
payments on bank credit facilities | 234,000,000 | 131,000,000 | |||||||||||||||||||||||||||||||||||
distributions received from antero midstream partners lp, prior to the transactions | 0 | ||||||||||||||||||||||||||||||||||||
impairment of goodwill | |||||||||||||||||||||||||||||||||||||
impairment of customer relationships | |||||||||||||||||||||||||||||||||||||
deferred income benefit | |||||||||||||||||||||||||||||||||||||
additions to water handling and treatment systems | -39,160,000 | -43,656,000 | -8,328,000 | ||||||||||||||||||||||||||||||||||
distributions to shareholders | -154,147,000 | -152,082,000 | -30,543,000 | -26,817,000 | -23,276,000 | -20,109,000 | -13,964,000 | -10,985,000 | |||||||||||||||||||||||||||||
distributions to preferred shareholders | -137,000 | ||||||||||||||||||||||||||||||||||||
distributions received from antero midstream partners lp | 43,492,000 | 37,815,000 | 33,139,000 | 28,460,000 | 23,772,000 | 19,067,000 | 15,328,000 | 11,553,000 | 7,543,000 | ||||||||||||||||||||||||||||
equity in earnings of antero midstream partners lp | -43,492,000 | -37,816,000 | -33,145,000 | -28,453,000 | -23,772,000 | -19,067,000 | -15,328,000 | -11,553,000 | |||||||||||||||||||||||||||||
changes in current assets and liabilities: | |||||||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | |||||||||||||||||||||||||||||||||||||
accounts receivable–related party | |||||||||||||||||||||||||||||||||||||
accounts payable–affiliate | |||||||||||||||||||||||||||||||||||||
accounts payable and accrued liabilities | -447,000 | 115,000 | -19,000 | 550,000 | |||||||||||||||||||||||||||||||||
taxes payable | |||||||||||||||||||||||||||||||||||||
cash flows from investing activities | |||||||||||||||||||||||||||||||||||||
cash flows from financing activities | |||||||||||||||||||||||||||||||||||||
net increase in cash | -9,182,000 | 8,495,000 | 3,568,000 | -8,972,000 | -5,364,000 | 7,146,000 | |||||||||||||||||||||||||||||||
cash, beginning of period | 0 | 0 | 0 | 5,987,000 | 0 | 0 | 0 | 9,609,000 | |||||||||||||||||||||||||||||
cash, end of period | -1,424,000 | -1,054,000 | -9,182,000 | 14,482,000 | 3,568,000 | -8,972,000 | -5,364,000 | 16,755,000 | |||||||||||||||||||||||||||||
cash paid during the period for taxes | |||||||||||||||||||||||||||||||||||||
prepaid expenses | 918,000 | -819,000 | -155,000 | ||||||||||||||||||||||||||||||||||
net (decrease) in cash | |||||||||||||||||||||||||||||||||||||
accounts receivable - related party | |||||||||||||||||||||||||||||||||||||
adjustment to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||
accounts payable | -253,000 | 600,000 | |||||||||||||||||||||||||||||||||||
accounts receivable - member owner | -67,000 |
