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Antero Midstream Corporation AM Gathering And Compression — Goodwill Impairment

Discontinued — last reported Q1 '20

Similar metrics at other companies

Antero Resources logo
ARGathering And Compression — Asset Impairment Charges
$1.16M
HF Sinclair logo
DINOMidstream — Goodwill, Impaired, Accumulated Impairment Loss
$0
AWK
AWKOperating Segments — Goodwill Impaired Accumulated Impairment Loss
$2.44B0.0%
Antero Resources logo
ARAntero Midstream — Impairment Of Gathering Systems And Facilities
$594K-93.0%
Plains All American Pipeline, L.P. logo
PAASupply and Logistics — Goodwill, Impaired, Accumulated Impairment Loss
$506M
Popular logo
BPOPOperating Segments — Goodwill Impairment

Other financials

Income statement

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Revenue$314.2M+7.9%
Operating income$188.6M+6.4%
Net income$118.3M-2.0%
EPS (diluted)$0.250.0%

Balance sheet

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Cash & equivalents$180.4M
Total debt$3.7B+19.3%
Total equity$1.9B-7.3%
Total assets$6.4B+11.4%

Cash flow

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Operating cash flow$238.6M+19.9%
CapEx$68.6M+2,286,100%
Free cash flow$232.7M+11.7%

Valuation

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Market cap$10.31B+25.2%
P/E25.1×+5.4×
P/S8.5×+1.1×

Profitability

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Operating margin54.2%-5.8pp
Net margin33.9%-3.5pp
FCF margin70%-4.8pp

Returns & leverage

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Return on equity20.4%+0.7pp
Debt / equity1.9×+0.4×
Current ratio-0.4×

Where this comes from

Reported directly by Antero Midstream Corporation in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The official record: Antero Midstream Corporation’s 10-Q, filed April 28, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does gathering and compression — goodwill impairment mean?
The amount of value written off from the gathering and compression segment's goodwill due to a decline in its estimated fair value.
How do you interpret gathering and compression — goodwill impairment?
An increase signals a negative reassessment of the segment's future cash flow potential or market value.
How does gathering and compression — goodwill impairment compare across companies?
Common across energy midstream peers during periods of asset revaluation or industry downturns.