How do you interpret antero midstream — impairment of oil and gas properties proved?

An increase signals a negative outlook on commodity prices or reserve quality, while a decrease suggests stable or improving asset economics.

How does antero midstream — impairment of oil and gas properties proved compare across companies?

Standardized in the energy sector as 'Impairment of Proved Properties' or 'Ceiling Test Write-downs'.

Antero Resources AR Antero Midstream — Impairment Of Oil And Gas Properties Proved

Discontinued — last reported Q1 '21

Similar metrics at other companies

RRCOK — Asset Impairment Charges

$7.3M—

RRCPA — Asset Impairment Charges

$15.3M—

APAU.S. — Impairments

$4.5M-10.0%

APAAltus Midstream — Impairments

$0—

OVVCA — Results Of Operations Impairment Of Oil And Gas Properties

$217.75M+93.6%

OVVUS — Results Of Operations Impairment Of Oil And Gas Properties

$12.25M—

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:ImpairmentOfOilAndGasPropertiesProved.

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

Questions, answered.

What does antero midstream — impairment of oil and gas properties proved mean?: A non-cash charge representing the loss in value of proved oil and gas reserves due to declining price forecasts or reserve revisions.
How do you interpret antero midstream — impairment of oil and gas properties proved?: An increase signals a negative outlook on commodity prices or reserve quality, while a decrease suggests stable or improving asset economics.
How does antero midstream — impairment of oil and gas properties proved compare across companies?: Standardized in the energy sector as 'Impairment of Proved Properties' or 'Ceiling Test Write-downs'.