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Antero Resources AR Antero Midstream — Impairment Of Gathering Systems And Facilities

Discontinued — last reported Q2 '19

Similar metrics at other companies

Antero Midstream Corporation logo
AMGathering And Processing — Goodwill Impairment
$575M
Antero Midstream Corporation logo
AMGathering And Compression — Goodwill Impairment
$575.46M
APA Corporation logo
APAAltus Midstream — Impairments
$0
HF Sinclair logo
DINOMidstream — Asset impairments
$10M
Occidental Petroleum logo
OXYMidstream and marketing — Asset impairments and other charges
$105M
Antero Midstream Corporation logo
AMGathering And Compression — Depreciation And Amortization
$17.84M-6.2%

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 ar:ImpairmentOfGatheringSystemsAndFacilities.

The official record: Antero Resources’s 10-Q, filed July 31, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does antero midstream — impairment of gathering systems and facilities mean?
A non-cash charge reflecting the loss in value of gathering pipelines and processing facilities due to reduced operational utility or economic viability.
How do you interpret antero midstream — impairment of gathering systems and facilities?
An increase suggests underutilization or declining demand for the gathering network, while a decrease indicates robust throughput and asset health.
How does antero midstream — impairment of gathering systems and facilities compare across companies?
Comparable to 'Impairment of Midstream Assets' or 'Gathering and Processing Asset Write-downs' at peer midstream operators.