What does antero midstream — asset impairment charges mean?

The total non-cash expense recognized when the book value of midstream assets exceeds their current fair market value.

How do you interpret antero midstream — asset impairment charges?

An increase indicates significant asset value erosion or poor historical capital allocation, while a decrease suggests stable asset valuation.

How does antero midstream — asset impairment charges compare across companies?

Standardized as 'Asset Impairment' or 'Impairment Charges' on the income statement for most industrial and energy firms.

Antero Resources AR Antero Midstream — Asset Impairment Charges

Discontinued — last reported Q1 '19

Similar metrics at other companies

APAAltus Midstream — Impairments

$0—

OXYMidstream and marketing — Asset impairments and other charges

$105M—

RRCOK — Asset Impairment Charges

$7.3M—

AMWater Handling — Impairment Of Long Lived Assets Held For Use

$167K—

DINOMidstream — Asset impairments

$10M—

MODAmericas — Asset Impairment Charges

$300K—

Other financials

Income statement

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Revenue$1.9B+43.8%

Operating income$729.5M+169%

Net income$548.2M+150%

EPS (diluted)$1.72+161%

Balance sheet

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Cash & equivalents$4.5M—

Total debt$4.8B+24.8%

Total equity$8.1B+11.7%

Total assets$15.3B+17.6%

Cash flow

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Operating cash flow$859.1M+87.7%

CapEx$4.6M+666%

Free cash flow$854.4M+86.9%

Valuation

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Market cap$10.29B+4.1%

P/E10.3×-25.3×

P/S1.8×-0.4×

Profitability

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Operating margin22.9%+17.9pp

Net margin17.1%+11.0pp

FCF margin34.5%+11.6pp

Returns & leverage

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Return on equity13.1%+9.2pp

Debt / equity0.6×+0.1×

Current ratio0.4×0.0×

Where this comes from

Reported directly by Antero Resources in its filing.

Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.

The official record: Antero Resources’s 10-Q, filed May 1, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does antero midstream — asset impairment charges mean?: The total non-cash expense recognized when the book value of midstream assets exceeds their current fair market value.
How do you interpret antero midstream — asset impairment charges?: An increase indicates significant asset value erosion or poor historical capital allocation, while a decrease suggests stable asset valuation.
How does antero midstream — asset impairment charges compare across companies?: Standardized as 'Asset Impairment' or 'Impairment Charges' on the income statement for most industrial and energy firms.